Pilbara Minerals Bull Sees Tailwind From Improving Lithium Prices -- Market Talk
Dow Jones
Oct 24
0607 GMT - Euroz Hartleys reckons Pilbara Minerals, or PLS, "offers the cleanest large-cap exposure to improving lithium prices" on the ASX. The broker highlights an improvement in PLS's lithium recoveries in 1Q, and says the miner has a strong balance sheet despite a drop in cash on-quarter. "With spodumene prices starting to tick higher, we believe that the worst of the lithium cycle is behind us," the broker says in a client note. "The current market focus on critical minerals adds further momentum to the lithium sector." Euroz Hartleys reiterates a buy rating on PLS, with a price target of A$2.83. The stock closed 9.1% higher at A$3.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
October 24, 2025 02:07 ET (06:07 GMT)
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