What is PLS Group's planned expansion for its Pilgangoora project, and what capacity increase does it target?

PLS Group is advancing the P2000 expansion of its Pilgangoora project in Western Australia, with a feasibility study to be released in the quarter ending December; the company aims to make a final investment decision shortly thereafter, and the expansion is designed to double capacity to 2 million tons per annum of spodumene.

Why is PLS Group bullish on lithium prices, and what does its CEO identify as the key market drivers?

CEO Dale Henderson is bullish on lithium prices because he believes the market has entered 'the next part of the cycle', characterized by 'strong demand and languishing supply', following a prolonged supply glut that depressed prices for several years.

Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion

Aug 23, 2026

Australian lithium miner PLS Group reported a net profit reversal and announced plans to expand its Pilgangoora project capacity to 2 million tons annually. CEO Dale Henderson remains bullish on lithium prices, citing strong demand against a looming supply shortfall.

bloomberg

2026-08-23

Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion

Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion

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