Shares of Mineral Resources Ltd (MIN.AU) plummeted 5.52% during intraday trading on Monday, reflecting significant selling pressure.
The sharp decline follows a Morningstar analysis warning that a potential restart of the company's lithium plant, along with similar moves by peers, could lead to increased lithium supply. This additional supply is expected to cap lithium prices over the medium term, potentially impacting the future profitability of mineral producers like Mineral Resources.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.