PLS Group share price falls after ASX close as lithium hits two-year highs; Jan 30 update looms
SYDNEY, Jan 16, 2026, 16:51 AEDT — The market has closed for the day. Shares of PLS Group Ltd slipped 3.1% to close at A$4.68 on Friday, placing the Australian lithium producer’s market cap near A$15.6 billion. Throughout the day, the stock fluctuated between A$4.60 and A$4.89. (Investing.com) PLS tumbled to become one of the biggest losers on the S&P/ASX 200, despite the index climbing 0.48% to 8,903.90. Lithium miner IGO Ltd also saw its shares slip during the session. (MarketScreener) Lithium markets are recalibrating as prices surge. Benchmark rates for battery-grade lithium chemicals have topped $20,000 per metric ton,