PLS Group Ltd., Australia's biggest lithium producer, flagged a supply shortfall of the battery metal in coming years and said it is nearing a final investment decision on expanding capacity. The miner, which supplies spodumene, a hard rock type of lithium, will release a study into the expansion of its Pilgangoora project in Australia, dubbed P2000, in the quarter ending December, Chief Executive Officer [PERSON_NAME] said in a Bloomberg TV interview. It is aiming to make a final investment decision shortly after, he said.

The comments came as the company released full-year results.