PLS has followed the lithium price in 2026; like most stocks we’ve revisited this morning. While PLS remains our preferred stock for lithium exposure, its recent rapid ~23% correction is disconcerting, given the recent 3-pronged news. After buying PLS following our July report, the recent news flow has seen the stock reverse sharply lower, leaving MM neutral on the stock, and a likely seller.
- We can see fresh 2026 lows in the coming weeks, or initially another 6-8% lower – MM holds PLS in the Growth Portfolio.
MM is neutral towards PLS around $4.25
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