Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Open platform

Australia's PLS Group slips; Bell Potter lowers PT on higher expansion costs

By Reuters News3 hours ago Updated

** Shares of Australia's PLS Group PLS.AX fall 2.7% to A$2.9, hitting their lowest level since November 7, 2025

** PLS, Australia's largest independent lithium producer, approved a A$1.9 billion($1.33 billion) expansion of its Pilgangoora lithium mine on Friday

** Company added the P2000 project will boost spodumene concentrate production at its flagship project in Western Australia to nearly 2 million tonnes per annum (mtpa) from 2029

** Analysts at Bell Potter make negligble changes to earnings forecasts based on the expansion, but lower target price by 7% to A$4.10, citing higher than expected operating costs for the expanded operation

** Bell Potter retains "buy" rating on stock

** PLS stock down over 31%, YTD

($1 = 1.4337 Australian dollars)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.