Stock Track | PLS Group Soars 5.16% Intraday on Major Lithium Supply Deal with China's Canmax

Stock Track
02/10

PLS Group Ltd's stock soared 5.16% during intraday trading on Tuesday, following the announcement of a significant supply agreement with Chinese lithium battery materials maker Canmax Technologies.

The Australian lithium miner signed a two-year binding offtake deal to supply 150,000 tonnes of spodumene concentrate annually to Canmax, beginning in 2026. The agreement includes an option to extend for an additional 12 months and is subject to a $100 million unsecured interest-free prepayment from Canmax.

The deal comes with a floor price of US$1,000 per tonne and reflects improved demand outlook for lithium products amid a boom in battery storage applications. PLS Group had previously flagged a possible restart of its Ngungaju plant in Western Australia due to strong inbound interest in offtake volumes.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10