Sydney, Jan 24, 2026, 16:55 (AEDT) — Market closed.
- PLS closed Friday 0.8% higher at A$5.08, having briefly hit the peak of its 52-week range.
- Monday’s ASX cash market closure for Australia Day pushes focus onto Tuesday and PLS’s quarterly update scheduled for later this week.
PLS Group Limited shares closed Friday at A$5.08, rising 0.79%, after hitting a session high of A$5.16 — the peak of their 52-week range — ahead of the weekend. 1
This is important now as lithium stocks track commodity moves rather than company updates, with PLS standing out as one of the ASX’s most liquid plays. The speed of its price jumps when lithium chemical prices rise in China makes that clear.
Next week kicks off with a break. The ASX cash market will be closed Monday for Australia Day, shifting the next trading day to Tuesday and trimming the window for investors to tweak positions ahead of month-end. 2
Battery-grade lithium carbonate—a key chemical for battery cathodes—climbed once more on Jan. 23. Prices hit an average of 171,000 yuan per metric ton, up 6,500 yuan from the previous trading day, according to Shanghai Metals Market data. 3
That environment often influences how miners price spodumene concentrate, the ore that PLS extracts lithium from. The connection isn’t exact, yet traders keep a sharp eye on it.
PLS runs the Pilgangoora hard-rock lithium mine in Western Australia and owns the Colina project in Brazil. It also has downstream operations via a joint venture in South Korea, according to a Reuters company profile. 4
The next company update is due Friday. PLS plans to release its December 2025 quarterly activities report on Jan. 30, with an investor webcast scheduled for 10 a.m. AEDT, according to an ASX announcement. 5
Investors want to see shipment volumes, unit costs, and realised pricing, plus any insight on how the recent surge in lithium chemicals is impacting sales. Cash flow and spending plans will also be under close scrutiny.
But the situation works both ways. Should China’s lithium price rally lose steam by month-end, or if the quarterly update disappoints, the stock’s recent climb toward the top of its one-year range could reverse sharply.
Trading picks back up Tuesday, with the market focused on whether lithium’s recent rally sticks through the long weekend. The next major event on the calendar is the quarterly report and webcast set for Jan. 30.
