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

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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.

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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.</p><p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLS.AU","symbol_name":"PLS Group Ltd","start_time":0,"source_url":"","article_id":"1132002637","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132002637","pubTimestamp":1770679004,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLS.AU":"PLS Group Ltd"},"translate_title":"个股追踪|PLS集团盘中大涨5.16%与中国Canmax达成重大锂供应协议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLS.AU":1},"content_text":"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. 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