Australia's MinRes moving towards restrained lithium growth, Jefferies says

Mineral Resources

21/05/2026 20:30

** Jefferies says site visit at Mineral Resources' MIN.AX Wodgina lithium deposit shows production growth remains measured, highlighting a clear shift from the aggressive growth pursued during the mineral's peak in 2021-2023

** Says debottlenecking, the process of identifying and removing constraints in an operation to increase production, offers a lower-capital pathway to incremental capacity versus building a fourth train

** Brokerage maintains "hold" call, and price target at A$65

** Says Wodgina update does not materially change Jefferies view on the asset or equity, which already reflects current lithium market strength

** Seven of 12 analysts rate the stock "buy", 3 "hold" and 2 "sell" or lower; their median PT is A$68.50 – LSEG data

** As of last close, MIN was up 27.4% so far this year

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))