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Core Lithium Ltd (CXO) $1.07

Core lithium is the ASX200’s star performer in 2022 having rallied +84% year to date, beating WHC by 4% at yesterday’s close. This $1.86bn South Australian lithium miner has entered the ASX200 courtesy of its stunning performance over the last 12 months, an especially impressive performance considering it’s not even started producing lithium although that is targeted for later this year. Considering Goldman’s view on the space and our overall conservative stance towards equities this year we would rather play the battery metals space through IGO Ltd (IGO) an established nickel producer which is starting to expand into lithium plus it’s already paying a small dividend which never hurts.

MM can see another 10% downside in CXO
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Core Lithium Ltd (CXO)
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