Lithium, Mining Services and Copper on ASX Today: MinRes, PLS and Sandfire Shares Decline

Sonal Goyal

06 November 2026 05:54 PM AEDT

Lithium, Mining Services and Copper on ASX Today: MinRes, PLS and Sandfire Shares Decline

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Sandfire (ASX:SFR) recorded the largest fall in this group, down 5.64% to A$19.145, while MinRes (ASX:MIN) fell 3.63% to A$46.46.
PLS reported record production of 267.6 kt and net cash of A$1,277 million in its 28 October 2026 quarterly.
Sandfire reported 38.9 kt of copper equivalent production in Q1 FY27 and kept FY27 guidance.

Company	Ticker	Price (A$)	% Change
Mineral Resources Ltd	MIN	A$46.46	-3.63%
PLS Group Ltd	PLS	A$2.795	-1.24%
Sandfire Resources Ltd	SFR	A$19.145	-5.64%

These three companies cover lithium, iron ore services and copper, and each reported its September quarter in late October. Their results were produced in similar conditions, but their Business models differ, so the comparison below focuses on what each company reported about volumes, costs and cash. The session was weak across resources, and the moves are set out against each company's own disclosures. The session was a broad sell-off across ASX resources. The S&P/ASX 300 Metal & Mining index (XMM) fell 2.92% to 7,699.50, the S&P/ASX 200 Materials Index (XMJ) fell 2.51% to 22,604.40, and the S&P/ASX 200 (XJO) was down 0.49% at 9,020.80. Overnight, the S&P 500 fell 4.36%, the Nasdaq 5.52% and the Nikkei 225 5.80% at the 5 November close, and the session data links the local move to that international weakness. Gold was quoted at US$4,076.20 (down 0.91%), silver at US$51.98 (down 0.67%) and copper at US$13,777.00 (down 0.18%).

Mineral Resources Ltd (ASX:MIN)

MinRes traded at A$46.46, down 3.63%. Its Q1 FY27 activity report, dated 23 October 2026, recorded record mining services volumes of 103 Mt, up 10% quarter on quarter, and record attributable lithium sales of 170 kdmt SC6. Net Debt fell A$0.2 billion to about A$4.1 billion and Liquidity reached A$2.5 billion. Fitch upgraded the company to BB with a stable outlook, and FY27 guidance was maintained across all divisions.

PLS Group Ltd (ASX:PLS)

PLS traded at A$2.795, down 1.24%, the smallest fall in this group. Its September 2026 quarterly, dated 28 October 2026, reported record production of 267.6 kt and sales of 223.6 kt, with Revenue of A$563 million. Unit operating cost fell 12% to A$539 per tonne, and net cash was A$1,277 million with total liquidity of A$2,717 million.

Sandfire Resources Ltd (ASX:SFR)

Sandfire traded at A$19.145, down 5.64%, the largest decline in this group. Its September quarter report, dated 27 October 2026, showed 38.9 kt of copper equivalent production, equal to 25% of the guidance midpoint, with MATSA producing 22.7 kt and Motheo 16.1 kt. The company retained FY27 guidance. MATSA's unit cost was A$95 per tonne and Motheo's was A$48 per tonne.

Sector Context

The three companies were all weaker on the day, with the Metal & Mining index down 2.92%. Lithium and copper prices are key to two of the three, and the session data showed copper quoted at US$13,777.00, down 0.18%.

FAQs

Q: What did MIN, PLS and SFR trade at on 6 November 2026?

A: MinRes traded at A$46.46, PLS at A$2.795 and Sandfire at A$19.145 during the session.

Q: What did PLS report for net cash?

A: PLS reported net cash of A$1,277 million in its quarterly dated 28 October 2026.

Q: How much copper equivalent did Sandfire produce?

A: Sandfire reported 38.9 kt of copper equivalent production in Q1 FY27.

Q: What was MinRes' net debt?

A: MinRes reported net debt of about A$4.1 billion, down A$0.2 billion, in its report dated 23 October 2026.

Q: Are these closing prices?

A: No. They are session prices from the trading day.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.