ASX:PLS 18 May 2026

Pilbara Minerals Slides as Lithium Rally Faces Supply Hurdle
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Pilbara Minerals Slides as Lithium Rally Faces Supply Hurdle

PLS Group shares closed at A$5.92 Tuesday, down 1.33%, underperforming the S&P/ASX 200’s 1.17% gain. The stock remains nearly 9% below its May 12 high despite record March-quarter production. China lithium carbonate prices fell 2.61% on May 19 as producers restarted mining. Mineral Resources announced it will restart its Bald Hill lithium mine in July, adding about 370 jobs.
May 19, 2026
PLS shares stay at A$6 after ASX slump, lithium traders look to Tuesday
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PLS shares stay at A$6 after ASX slump, lithium traders look to Tuesday

PLS Group Limited closed at A$6.00 on Monday, down 0.17%, with a market value near A$19.33 billion. The S&P/ASX 200 dropped 1.45% to a seven-week low after profit warnings from Brambles and Elders. PLS reported an 86% jump in third-quarter spodumene concentrate output in April. Lithium carbonate prices in China slipped 0.26% on May 18 but remain up 11% for the month.
May 18, 2026

Stock Market Today

  • Guzman Y Gomez Shares Plunge 37% but Show Strong Growth Prospects
    May 29, 2026, 9:18 PM EDT. Guzman Y Gomez Ltd (ASX: GYG), an Australian Mexican restaurant chain, has seen its shares fall over 37% in the past year and more than 55% since December 2024. Despite the volatility, the company has ambitious growth plans, aiming to expand its Australian restaurant count from 242 to 1,000 within 20 years. It reported 20% network sales growth and 6.6% comparable sales growth in Australia in Q3 FY26, with underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) expected to rise 29% year-on-year to about AUD 85 million. Asian operations, particularly in Japan and Singapore, are growing at 15% per year but remain a small portion of total sales. Rising profit margins could further boost future earnings, making GYG a notable opportunity outside the volatile tech sector.