Australia's PLS Group gains as quarterly spodumene production jumps 86%

Pls

24/04/2026 01:39

** Shares of lithium miner PLS Group PLS.AX rise as much as 6.2% to A$6.03, marking their biggest intraday pct gain since April 17

** Co reports 86% increase in third-quarter spodumene concentrate production

** Co produced 232,436 dry metric tons of spodumene concentrate in Q3 vs 124,978 dmt produced last year

** Plans to ramp up Ngungaju plant in Western Australia to steady-state production by September quarter

** PLS says major maintenance overhauls at its Ngungaju plant scheduled for June 2026

** PLS reaffirms 2026 outlook for all metrics

** Stock up 34.6% YTD, including sessions' gains

 (Reporting by Sruthi Narasimha Chari in Bengaluru)

 ((Sruthinarasimha.chari@thomsonreuters.com))