BUZZ-Australia's Mineral Resources slumps on Trump tariff; Bell Potter cuts PT

Reuters

02/03

** Mineral Resources MIN.AX slips 5.1% to A$33.2, lowest since Dec. 23, 2024

** Stock drops in tandem with slump in local mining index .AXMM, which is down 2.6% after Donald Trump levied taxes on Australia's top trading partner China

** Bell Potter lowers PT on lithium miner to A$59.60 from A$61

** Morningstar flags some cost increases in non-continuing operations

** MIN logged worse-than-feared H1 cash and rev of A$700 mln (~$426 mln) and A$5.1 bln, respectively

** Stock down 2.6% YTD

($1 = A$1.6420)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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