Lithium stocks bounced strongly on Monday, led by Pilbara’s +9.1% advance following last week’s steep selloff after CATL announced they would reopen their mine a few months early. The shorts have started to cover across parts of the lithium sector, with MIN’s short position falling from over 15% to closer to 11%. This helped the iron ore/lithium stock post new 2025 highs yesterday, a much-needed 275% recovery from their April low. Interestingly, pure lithium miners IGO and PLS remain more than 15% below their 2025 high, while MIN forges higher, we wouldn’t want to be short for quids!
- We are very encouraged by MIN’s recent price action, and a break of $50 wouldn’t surprise us into Christmas: MM holds MIN in the Active Growth Portfolio.
MM is long and bullish MIN
Add To Hit List
