Others have said already management said shorting PLS is a way...

Others have said already management said shorting PLS is a way to short lithium

this makes sense given

1 PLS is a pure play Lithium company

2 our pricing mechanism is not delayed meaning it tends to take on upticks and downticks in pricing quicker than competitors

3 the liquidity of PLS means exposures for the large part can easily be entered into (except where enough get together and winds up being +15% where it is now)

So as a result outside of company specific announcements our share price shoud largely move with Lithium pricing because of the above.

Extending on this some fund managers just need to hedge their lithium investments and taking a short on PLS is the purest form of a lithium hedge as there is no substantial trading platform for lithium outside of the guangzhou futures exchange which is physically delivered meaning it isn't feasible for paper hedging fund managers would need.

Alternative train of thought is that some people are more bullish on DLE brine operations and dont like the hard rock exposure.