Macquarie sees mixed HY earnings for Australian lithium miners

PMET Resources

13/02/2024 05:16

** Analysts at Macquarie expect Mineral Resources'  MIN.AX 
1H24 results to be in line with consensus EBITDA estimates of
A$650 mln ($423.41 mln)
    ** Broker sees interim underlying earnings of A$293 mln for 
Pilbara Minerals  PLS.AX , 8% lower than Visible Alpha's
estimates 
    ** Notes Pilbara is its preferred producer with the most
un-leveraged balance sheet in its Australian lithium coverage,
while Patriot Battery Metals  PMT.AX  offers significant
exploration upside 
    ** Macquarie says Arcadium Lithium's  LTM.AX  revenue
forecast for CY24 to be higher than its estimates on higher
Livent division revenue from recovering lithium prices in 2024
    
($1 = 1.5352 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))