Mineral Resources, Pilbara Minerals remain preferred lithium miners for Macquarie

PMET Resources

13/02/2023 03:00

** Australia's Mineral Resources  MIN.AX  and Pilbara
Minerals  PLS.AX  remain preferred producer for the local
first-half reporting season, according to Macquarie
    ** Brokerage says Patriot Battery Metals  PMT.AX  and Global
Lithium Resources  GL1.AX  are its key picks for exploration
plays; anticipates Iluka Resources  ILU.AX  to deliver 2H
earnings of A$321 million ($221.75 million) ahead of consensus
average
    ** Macquarie maintains preference on Aussie-based lithium
producers; says Allkem  AKE.AX  offering unique exposure to both
lithium brine in South America and spodumene production in
Australia
    ** Adds fiscal 2023 earnings estimates for Pilbara Minerals
is about 2 months ahead of consensus, brokerage's near-term
lithium price forecasts better reflect market conditions
($1 = 1.4476 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))