Mineral Resources (MIN)
All research reports and stock updates for Mineral Resources.
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Backyard cookup
Mineral Resources has effectively swapped out the downstream China risk to develop lithium battery chemicals with a more domestic pathway forward. This is likely to take longer and perhaps may rely on government support.
Trick or treat?
A buffet of announcements from Mineral Resources contained good and bad news, much like the rest of its 2023 financial year so far.
Duster
Mineral Resources’ energy division was shaping up to become the company’s fourth leg of growth. The failed Lockyer-2 appraisal well is not the end of this strategy, but it is a setback, especially after the recent takeover of Norwest Energy, its partner at Lockyer.
Batting deep
LLC has significant global reach and specialist expertise in developing large-scale, complex mixed-use urban developments.
Iceberg
Mineral Resources released an updated Resource and Reserve update that showed the Mt Marion reserve to be lower than its previous JORC resource in June 2019.
Lithium and more
Mineral Resources remains a fascinating commodities infrastructure business with multiple growth opportunities, not just in the hot potato lithium sector.