Mineral Resources, Pilbara Minerals top Macquarie's Aussie lithium picks

Allkem

13/06/2023 05:41

** Analysts at Macquarie maintain preference for Australia
based lithium and rare-earth miners; adds Mineral Resources
 MIN.AX  and Pilbara Minerals  PLS.AX  are top choices
    ** Brokerage says MIN and PLS present greater upside on
exploration over the near term
    ** Macquarie also expects the rare earths market to be tight
in the near term on increased downstream demand and reduced
export from Southeast Asian countries
    ** PLS gained ~27% this year as of last close, while MIN
lost 9.6%  
    

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