PLS and AKE have tracked very closely together for years (when AKE was GXY, at least). So we watch both shares to get an idea on how significant any given fluctuation might be. If both are doing the same thing it is likely "real". Also one might be an early indicator for the other at various times. Lately they have been diverging a bit which raises the question as to whether they are now separating in terms of market behaviour or simply forecasting a future move on the other.
PLS has released its quarterly this morning and a bad outcome is likely to pull everyone down, whereas a good outcome will likely help everyone move up. As there are only a few actual producers in the Li space (the others are still in the mine building stage), the price action and volumes of Li traded and guidance of them is crucial to the market over all - so AKE, PLS, Min, and a couple of other minor producers in Oz prove or disprove the hype each quarter.
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