NASDAQ:VMET

Stock Market Today

  • PLS Share Price Surges: Why Investors Favor ASX Materials Stocks
    May 28, 2026, 7:18 PM EDT. The Pilbara Minerals (ASX:PLS) share price has surged 46.2% in 2025, driven by growing demand for lithium used in electric vehicles and renewable energy. PLS operates the world's largest independent hard-rock lithium mine, Pilgangoora, and secures long-term contracts with major firms like Great Wall and POSCO. The ASX Materials sector outperformed the broader market, with a 7.32% annual return over five years versus 3.71% for the ASX 200 index. While materials stocks are traditionally valued for dividends, PLS focuses on growth with a modest 2.22% yield. Its price-to-sales ratio of 16.18 times is below its five-year average, reflecting rising revenues. Investors see materials shares as key plays on the energy transition and green technology expansion.