Jan 24 - Australia's Pilbara Minerals reported a 46% sequential drop in its second-quarter revenue on Wednesday as average realised price for spodumene halved.

The company posted revenue of A$264 million ($173.71 million) for the quarter ended December 31, down from A$493 million in the previous quarter. ($1 = 1.5198 Australian dollars) (Reporting by Ayushman Ojha and Poonam Behura in Bengaluru; Editing by Krishna Chandra Eluri)