Australia’s largest independent lithium miner is preparing to boost output of the electric battery metal over the next year, even as prices languish around three-year lows amid a global oversupply and slower growth in electric car sales.

While other lithium miners are reining in supplies, Pilbara Minerals, a producer of hard-rock lithium known as spodumene from its Pilgangoora operations in Western Australia, told investors on Wednesday it was targeting a ramp-up of up to 15 per cent, from 725,000 tonnes to as much as 840,000 tonnes, in the 2025 financial year.

The company on Wednesday posted stronger production volumes for the June quarter and a 58 per cent increase in revenue from the prior three months.

However, gains were partly offset by weaker-than-expected prices for its shipments of lithium-rich spodumene concentrate, which missed market forecasts, Barrenjoey analyst Glyn Lawcock said.

Pilbara Minerals chief executive Dale Henderson flagged that 2025 would be a unique year for the business as it expanded mining activities and pursued continued efficiency upgrades.

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He said the company continued to face strong demand from its major customers and suggested the plunge in global lithium prices may have bottomed out due to the closure of some higher-cost mines this year.

“Obviously, it is incredibly hard to predict what is the bottom of the market,” Henderson said.

“However, I do take a lot of comfort from the fact that we have seen other supply sources come out of the market during the March quarter.”