The PLS Group Ltd (ASX: PLS) share price has been one of the best performers in the S&P/ASX 200 Index (ASX: XJO) over the past year.

The ASX lithium share has risen close to 400% in the past year, as the below chart shows.

The ASX 200 has only gone up by 4% in the last 12 months, so PLS Group shares have delivered extraordinary returns compared to the ASX share market.

It has benefited enormously from the rise in the lithium price. In the company’s FY26 third quarter, it reported that its realised price for its commodity was US$1,867 per tonne – that was a rise of 61% compared to the three months to 31 December 2025.

It’ll be interesting to see what happens next with the lithium price, as it could be…