sector coverage
ASX materials research
Materials coverage focuses on cost curves, reserve depth, capital intensity, balance-sheet endurance, and whether spot-price moves are changing through-cycle value.
5 editions linked in this hub.
Coverage
- 30 June 2026Liontown's lithium selloff puts Kathleen's ramp-up before the price cycleLiontown (ASX:LTR) fell with lithium names despite a stronger March quarter; the question is whether price beta is drowning out ramp-up evidence.
- 26 June 2026Northern Star tracks bullion higher but the market still won't pay for record gold marginsNorthern Star (ASX:NST) is riding record gold prices, yet the market still won't pay for the margins. We test whether KCGM and Hemi can convert bullion into cash.
- 23 June 2026China's export blacklist re-rated Lynas from price-taker to strategic assetChina's rare-earth export blacklist re-rated Lynas (ASX:LYC) from price-taker to strategic asset. We test whether the NdPr premium and ex-China supply case hold.
- 22 June 2026MinRes wears the lithium selloff hardest because of the A$5.3bn behind itMineral Resources (ASX:MIN) wore the lithium selloff hardest because of the A$5.3bn debt behind it — can Onslow Iron carry the group until spodumene recovers?
- 22 June 2026Pilbara's P2000 down payment lands in a lithium selloff it didn't causePilbara Minerals (ASX:PLS) put money down on its P2000 expansion into a lithium selloff it didn't cause — does its low-cost position justify growth at the trough?