Considering how much the lithium price has dropped from it's peak, PLS has actually held up remarkably well. I'd assume that is because the market would have expected that the recent peak was unsustainable and the sp never factored in anything like the peak price in lithium. The market might also now be looking beyond the current lower lithium price and working on some expected long term price. Surprisingly, IGO has corrected more than PLS at a little over 50%. IGO is more diversified with nickel, copper and cobalt so theoretically could have held up better. Maybe PLS is holding a lot more cash?
