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ASX:PLS 28 January 2026 - 3 March 2026

PLS Group (ASX:PLS) share price pulls back after lithium shock from Zimbabwe

PLS Group (ASX:PLS) share price pulls back after lithium shock from Zimbabwe

PLS Group shares fell 1.1% to A$5.19 on Friday, retracing part of Thursday’s 8.3% jump. The decline followed Zimbabwe’s immediate suspension of raw mineral and lithium concentrate exports, which triggered supply concerns. China’s lithium carbonate futures surged over 6% after the ban. Zimbabwe exported over 1.1 million metric tons of lithium-bearing concentrate to China in 2025.
PLS Group share price jumps 8% as China lithium futures pop, restart plan back in focus

PLS Group share price jumps 8% as China lithium futures pop, restart plan back in focus

PLS Group closed up 8% at A$4.72, leading gains among ASX lithium stocks after China’s lithium carbonate futures rose 7.2% post-Lunar New Year. Morgan Stanley disclosed it no longer holds a substantial stake in PLS, falling below the 5% threshold. The S&P/ASX 200 finished nearly flat. PLS cited a planned July restart of its Ngungaju plant and a new offtake deal in a recent presentation.
24 February 2026
Lithium price today holds near 136,000 yuan as China buying slows; miners lean on floor deals

Lithium price today holds near 136,000 yuan as China buying slows; miners lean on floor deals

Spot lithium carbonate prices in China edged up Tuesday, with SMM’s battery-grade index at 134,406 yuan a ton and trades averaging 136,000 yuan amid thin activity. Australia’s PLS Group signed a two-year spodumene supply deal with China’s Canmax, setting a $1,000-a-tonne floor and requiring a $100 million prepayment. Albemarle shares rose 1.4% to $165.76, while SQM slipped 0.4% to $71.15.
PLS Group (ASX:PLS) share price lifts after Canmax deal adds US$100m prepayment and a floor price

PLS Group (ASX:PLS) share price lifts after Canmax deal adds US$100m prepayment and a floor price

PLS shares closed up 1.7% at A$4.24 after announcing a new supply deal with Canmax Technologies featuring a price floor and US$100 million prepayment. The contract covers 150,000 tonnes of spodumene concentrate annually for two years from 2026, with options to extend. Traders await confirmation of the prepayment and the Feb. 19 interim results update.
10 February 2026
PLS share price falls 1.8%: new 7.87% holder and Feb 19 results in focus

PLS share price falls 1.8%: new 7.87% holder and Feb 19 results in focus

Shares of PLS Group (PLS.AX) closed down 1.81% at A$4.33 after volatile trading and 23.4 million shares changing hands. First Sentier Investors disclosed a 7.87% stake, linked to Mitsubishi UFJ. Interim results are due Feb. 19, with a webcast scheduled. The company issued 281,205 new performance rights and confirmed 24,105 rights lapsed after conditions were unmet.
4 February 2026
PLS Group shares slide after quarterly update; Ngungaju restart call now in focus

PLS Group shares slide after quarterly update; Ngungaju restart call now in focus

PLS shares fell 6.5% Friday to A$4.29, extending a five-day slide to 16% after the company flagged a possible restart of its Ngungaju plant and reported December-quarter revenue of A$373 million, up 49%. GFL International sold 32.19 million shares in a block trade, dropping below the substantial holder threshold. The board will consider the plant restart in the March quarter.
PLS Group share price: why ASX:PLS slid on its quarterly update — and what to watch next week

PLS Group share price: why ASX:PLS slid on its quarterly update — and what to watch next week

PLS Group shares fell 6.5% to A$4.29 Friday after a major shareholder, GFL International, sold 32.19 million shares in a block trade. The company posted a 49% revenue jump to A$373 million last quarter, with lithium prices surging but unit costs up 8%. The board will decide by March on restarting the Ngungaju plant, which could resume output within four months.
31 January 2026
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Stock Market Today

  • Zepto Files Updated DRHP for $1 Billion IPO Amid Intensified Quick Commerce Competition
    June 8, 2026, 4:34 PM EDT. Zepto, the quick commerce startup, filed an updated draft red herring prospectus (DRHP) with India's Securities and Exchange Board for a $1 billion IPO. The offer consists of Rs 8,010 crore fresh shares and an offer-for-sale from existing investors like Nexus Venture Partners. Valued at $7 billion in October 2025, Zepto plans to expand its dark store network and invest in technology using IPO proceeds. The company reported Rs 7,498 crore revenue in Q4, a 75% rise year-on-year, with a narrowed net loss of Rs 1,539 crore. Zepto aims for a July listing amid fierce competition from Blinkit, Instamart, Amazon, and Flipkart in the fast-growing but highly contested 10-minute delivery segment.

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