Macquarie sees valuation upside for Aussie lithium miners

Allkem

26/09/2023 03:43

** Analysts at Macquarie see valuation upside for all
lithium mines despite the recent drop in spot prices
    ** Macquarie maintains preference for Pilbara Minerals
 PLS.AX  among Australia-based lithium producers with Patriot
Battery  PMET.V  having the best near-term exploration prospects
    ** Brokerage sees value in Australia's Allkem  AKE.AX  and
Liontown Resources  LTR.AX  offering exposure to lithium brines
in South America and spodumene concentration in Australia
    ** The production rate and market share of non-integrated
lithium refineries will determine flexibility of supply side in
a lower-price environment, analysts said amid falling lithium
carbonate prices globally
    ** Macquarie believes the underperformance of Aussie lithium
miners is a buying oppoortunity for investors; to increase their
exposure to critical minerals 
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))