0351 GMT - Macquarie reckons a new lithium cycle could be emerging. Supply disruptions are evident due to mining license suspensions and resource audits in China, Macquarie analysts say in a note. There are also local security challenges in Mali, and increased regulatory scrutiny in Brazil, while low prices have led to project delays, they say. That supply picture is increasingly at odds with lithium demand, which has been solid year to date, say the analysts. Demand has been buoyed by robust growth in electric-vehicle sales and stronger-than-expected battery energy storage system installations. They highlight IGO and Pilbara Minerals as Macquarie's top Australian lithium picks, adding that Liontown and Sayona also offer leverage to lithium prices. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 22, 2025 23:52 ET (03:52 GMT)

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