What's driving the current momentum in Pilbara Minerals Ltd (ASX:PLS) on the ASX?
- Submitted by 4 days ago
Please Login/Signup to post your comment.
Pilbara Minerals has experienced notable momentum on the ASX following a series of operational and strategic updates. Recent daily trading saw a rebound, with intraday gains above previous close levels supported by short-term upward movement . This rally coincided with broader recovery in lithium‑linked equities, resulting in a weekly increase approaching twenty‑one percent . Contributing factors include the first ore output from the P1000 expansion at Pilgangoora and the completion of a lithium hydroxide facility in Korea via its joint venture . Additionally, receipt of a government grant to resume construction on a mid‑stream demonstration plant reinforced operational progress . Company commentary has emphasized efforts to reduce unit operating costs and integrate renewable energy systems as part of an efficiency improvement plan . These developments collectively underpin the recent share‑price momentum on the exchange.
Please Login/Signup to post your comment.
Please Login/Signup to post your comment.