ASX:PLS 12 May 2026 - 11 June 2026

PLS Group shares closed up 3.13% at A$5.94 on Thursday, outperforming the S&P/ASX 200, which slipped 0.23%. Lithium stocks rose for a second session as GFEX lithium carbonate futures jumped 3.4%. PLS recently completed construction of a mid-stream processing plant at Pilgangoora, with first product expected in the September quarter of 2026. The company’s market cap stood near A$19.13 billion.

PLS Group closed down 1.71% at A$5.76 Wednesday, despite Australian spodumene concentrate prices rising 1% to US$2,420 a tonne. The S&P/ASX 200 gained 0.57%, but lithium stocks lagged as investors cut exposure. Citi maintained a neutral rating on PLS with a A$5.25 target, below the closing price. PLS reported March quarter production up 12% and revenue up 52% to A$567 million.

PLS Group Ltd closed down 0.85% at A$5.86 in Sydney on Tuesday, with nearly 30 million shares traded and short interest rising to 10.89%. The company’s new Pilgangoora lithium mid-stream plant is now built, aiming for first output next quarter. The S&P/ASX 200 fell 0.24% as resource stocks lagged. PLS shares are still up over 40% this year but down 9.29% week-on-week.

PLS Group shares fell 3.7% to A$5.91 at Friday’s close before the King’s Birthday holiday, with further pressure expected as trading resumes Tuesday. On Friday, PLS opened what it calls Australia’s first mine-site lithium mid-stream processing plant at Pilgangoora, aiming to produce lithium phosphate for batteries. Lithium stocks broadly dropped last week as Chinese lithium futures slid 8.5%. The S&P/ASX 200 ended Friday down 0.70%.

Pilbara Minerals shares fell 3.75% Friday to A$5.91, closing the week down 8.51%. The drop came as the company launched its Pilgangoora mid-stream lithium facility, with first product expected in the September quarter. ASX cash trading will be closed Monday for the King’s Birthday holiday. About 36.2 million PLS shares traded Friday.