Australian lithium miners climb as Jefferies sees resilient demand
06/10/2026 04:27
BUZZ-Australian lithium miners climb as Jefferies sees resilient demand ** Shares of lithium miners Mineral Resources MIN.AX, IGO IGO.AX and PLS PLS.AX climb between 2.2% and 3.4%
** Jefferies retains "hold" on MIN and IGO, while PLS remains its lone "buy", citing resilient demand and a slower near-term supply response
** Brokerage says lithium sentiment has weakened but believes spodumene concentrate pricing "remains supported by resilient demand"
** Adds that Chinese power-battery output and shipments beat negative seasonal trends in August, helped by robust electric-vehicle and energy-storage exports
** YTD, MIN down 5.2%, outperforming PLS' 8.9% decline and IGO's 20% slump
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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