Shanghai Electric Secures EPC Contract for Gansu's Pioneering Biomass Green Methanol Project

On Feb 19, 2026, driven by market recovery, PLS announced it will restart the Ngungaju lithium plant (~200,000 tonnes annual capacity) at Pilgangoora, WA, in July. A four-month preparation process for production resumption has been initiated. Concurrently, PLS updated timelines for its core expansion projects: the feasibility study for the P2000 project, aiming to boost Pilgangoora's total capacity to ~2 million tonnes/year, is expected by Q4 2026. The Colina project's feasibility study is extended to Q4 2027 to allow for further drilling and technical optimization. The PLS CEO emphasized this low-risk restart and future prudent expansions reflect their disciplined through-cycle strategy and strong focus on investment returns.

During the 2026 Spring Festival holiday, the electrolytic manganese market stabilized at the bottom with sluggish transactions. Before the holiday, the market’s downward momentum slowed after a cumulative 600 yuan/ton drop, with mainstream prices approaching the 17,000 yuan/ton mark, supported by steel mills’ final pre-holiday stockpiling. During the holiday, prices remained stable at around 17,300 yuan/ton with almost no transactions.