11/04/2024 09:28

Mineral Resources Ltd (MIN) $71.61

MIN is a two-commodity play, with a combination of lithium and iron ore driving the miner (along with a mining services division). Both have been on the nose since early 2023, but we are now seeing signs of a bottom for both, although how far they can/will bounce is a tougher call.

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09/04/2024 09:18

Mineral Resources Ltd (MIN) $70.59

Lithium/iron ore miner MIN has already bounced well over 30% from its 2024 low, but making a serious assault on $80 is likely to need some improvement in the price and sentiment towards lithium – a more than 4% rally by the Sprott Lithium Miners ETF (LITP US) overnight at least suggests a strong opening this morning.

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08/03/2024 09:05

Mineral Resources Ltd (MIN) $66.60

MIN enjoyed a strong +3.9% advance on Thursday, taking it back within striking distance of a new multi-week high. This is a two-commodity play, having major exposure to both iron ore and lithium. Bulk commodities have struggled through 2024, while lithium stocks have enjoyed a renaissance recently.

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27/02/2024 09:09

Mineral Resources Ltd (MIN) $64.04

MIN has rallied since its report last week, which was overall solid. Their underlying profit was below expectations courtesy of lithium prices, but their belt-tightening is progressing well, and as production of both iron ore & lithium increases, things should continue to improve further. The company have more moving parts than pure lithium.

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23/02/2024 09:47

Mineral Resources Ltd (MIN) $60.90

We looked at MIN yesterday afternoon following their 1H report, which helped the stock advance +3.1% even though an underlying profit of $196m, down 49% on the year, missed expectations.

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22/02/2024 17:21

Mineral Resources (MIN) $60.90

MIN +3.06%: 1H Revenue of $2.51bn was broadly inline with expectations while underlying profit of $196m, down 49% on the year missed the mark. They declared an interim dividend of 20c, down from $1.20 as they look to conserve cash, which is a prudent approach given the weakness in Lithium pricing.

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25/01/2024 17:18

Mineral Resources (MIN) $59.39

MIN +7.07%%: Released a 2Q production update which was as much about what they have achieved as it was about alleviating market concerns  around their lithium exposure and specifically, the balance sheet.

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23/01/2024 09:35

Mineral Resources (MIN) $52.55

MIN has three key segments, Iron Ore, Mining Services and Lithium, but it’s the latter being their growth engine, which is attracting all of the attention, sending the stock down to levels not witnessed since 2022 – our best guess is the stock now consolidates between $50 and $70 through 2024 making current levels attractive from a risk/reward perspective.

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16/01/2024 08:44

Mineral Resources Ltd (MIN) $60.86

Iron ore and lithium miner MIN has witnessed a polarised performance from its two respective products, with the bulk commodity's strong performance supporting the stock. If we see another ~8% downside in line with washout selling across the sector, we will consider tweaking our position higher.

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21/12/2023 09:03

Mineral Resources (MIN) $68.30

We are comfortable with MIN for its lithium and iron exposure at this stage of the cycle, although the battery metal has weighed on the stock through 2023.

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