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The latest update is out from Mineral Resources Limited ( (AU:MIN) ).
Mineral Resources Limited has entered into a binding agreement with POSCO Holdings to form a joint venture, where POSCO will acquire a 30% interest in MinRes’ operational lithium business for $1.2 billion. This partnership aims to strengthen the position of the Wodgina and Mt Marion mines in response to growing demand for Australian lithium, while also enhancing MinRes’ financial flexibility for future growth opportunities.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$43.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
More about Mineral Resources Limited
Mineral Resources Limited (MinRes) is a company in the mining industry, primarily focused on lithium production. It operates significant lithium mines such as Wodgina and Mt Marion and is known for its strategic partnerships with global infrastructure and commodity companies.
Average Trading Volume: 2,213,126
Technical Sentiment Signal: Buy
Current Market Cap: A$8.35B
Find detailed analytics on MIN stock on TipRanks’ Stock Analysis page.