Mineral Resources Bull More Positive Post Site Visit -- Market Talk
Dow Jones
May 25
2342 GMT - UBS left Mineral Resources' Wodgina site visit "incrementally positive, at a time when the commodity is increasingly preferred," analysts at the bank say in a note. UBS integrates Bald Hill, Mt. Marion, and Wodgina production upgrades, leading it to raise its target on the stock to 83.00 Australian dollars from A$73.00. The bank retains a buy rating. Mineral Resources is stepping up lithium production at a time when UBS is increasingly positive on battery energy storage demand, electric-vehicle demand due to energy price concerns, and Chinese demand for electric trucks, the analysts say. Shares ended Friday up 0.6% at A$69.66. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 24, 2026 19:42 ET (23:42 GMT)
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