Fastmarkets presentation: The lithium paradox, one year on

📅 Jun 23, 2026 PLS 13 MIN 1873 VIEWS 30 SEGMENTS · 2 SPEAKERS

Hear from Managing Director and CEO Dale Henderson present at the 2026 Fastmarkets Global Lithium Battery and Critical Minerals Conference. In this presentation, Dale shares insights on what it takes to build dependable, investable upstream lithium supply. A copy of the presentation can be found on our website: pls.com/investors/reports-and-asx-announcements

Hannah 0:00 ↗

So, moving on then to our next keynote presentation, we have Dale Henderson returning to the stage as Managing Director and CEO of PLS. And his keynote presentation will focus on the lithium paradox one year on, where reliable supply has become the industry's defining scarcity. So, please join me in welcoming Dale to the stage.

1 more exchange in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Henderson, D. (2026, June 23). Fastmarkets presentation: The lithium paradox, one year on [Interview transcript]. PLS. CEOInterviews.AI. https://ceointerviews.ai/interview/3038177/

MLA

Dale Henderson. "Fastmarkets presentation: The lithium paradox, one year on." PLS, 23 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3038177/.

BibTeX

@misc{henderson2026_3038177,
  author       = {Dale Henderson},
  title        = {Fastmarkets presentation: The lithium paradox, one year on},
  howpublished = {Interview transcript, PLS. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/3038177/},
  note         = {Speaker-attributed transcript with timestamps}
}

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Key Quotes (2)

“The question now is which supply can the world actually rely on? That is the lithium paradox one year on. So, what I'd like to do is sort of take you through how I think about this. So, first it's a little bit about the demand that we see, which is now embedded, versus the supply, which is becoming far more selective. Secondly, talking about why capital is beginning to distinguish between resource”

▶ 2:11 POLICY

“The scarce resource today is what I call the investable lithium ton, which is the ton that can firstly attract the capital, the ton that can be built, the ton that can survive the inevitable cycle, and the ton that is integrated into a chemical supply chain solution, and ultimately, the ton that can be relied upon. Resources alone do not create supply. Investable tons are what create reliable supp”

▶ 7:09 POLICY

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About Dale Henderson

Dale Henderson, Managing Director and CEO of PLS, presented the company’s FY26 full-year results in August 2026 and led a P2000 project webcast in October 2026. In the FY26 results, he reported record annual production of approximately 880,000 tons, a 152% increase in revenue, and a 9% reduction in unit operating costs, with the company ending the year with $2.3 billion in cash. He also noted the restart of the Ngungaju processing plant, approval of approximately $175 million in pre-FID expenditure for the P1000 project, and ongoing advancement of the Kalina project in Brazil, with study updates expected in the December quarter of the following year. During the P2000 webcast, Henderson discussed the project’s final investment decision and cost estimates, stating that the $620 cost figure sat at the lower end of the previously guided range when adjusted for inflation. He attributed the difficulty of like-for-like comparisons to changes in mining and processing configuration, while noting that the feasibility studies unlock additional ore supporting higher production over a longer mine life. He also addressed questions on Brazil, reiterating that the next study update is due in the December quarter of the following year, and mentioned potential pre-FID funding for enabling works. Across both appearances, Henderson emphasized the long-term fundamentals of lithium demand, citing falling battery costs, rising electric vehicle penetration, and growth in energy storage, while acknowledging that market volatility is structural due to the capital-intensive and cyclical nature of supply.

All Dale Henderson appearances → PLS on YouTube →