Fund Manager Summary
The fund managers believe that the outlook for Liontown Resources Ltd remains positive, particularly following the company's recent auction results. In their opinion, the successful sale of 10,000 tonnes of lithium spodumene at US$1,254/t, significantly above benchmark prices, highlights a strong demand for uncontracted spodumene volumes. They note that this auction, although not fully indicative of all market conditions, reflects a tightening supply and increasing interest driven by higher energy storage production. Fund managers see this as an opportunity for Liontown to capitalize on favorable pricing dynamics in the lithium market, positioning the company well for future growth.
Source: Trading View
Commentary From The Managers
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Pendal Group
24 Nov 2025
$1.38
Summary
- Pendal Group updates its investment thesis on Liontown Resources Ltd (LTR).
- Liontown announced its first spot lithium spodumene auction results.
- The company capitalized on a recent increase in demand and pricing due to higher energy storage production.
- LTR sold 10,000 tonnes at US$1,254/t, exceeding benchmark pricing by at least US$150/t.
- While the spot auction results may not represent all volumes, they indicate a strong current demand for uncontracted spodumene.
- Pendal Group continues to hold its position based on these positive indicators.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Pendal Group
24 Nov 2025
$1.38
- Pendal Group updates its investment thesis on Liontown Resources Ltd (LTR).
- Liontown announced its first spot lithium spodumene auction results.
- The company capitalized on a recent increase in demand and pricing due to higher energy storage production.
- LTR sold 10,000 tonnes at US$1,254/t, exceeding benchmark pricing by at least US$150/t.
- While the spot auction results may not represent all volumes, they indicate a strong current demand for uncontracted spodumene.
- Pendal Group continues to hold its position based on these positive indicators.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"The recent auction results hint at a burgeoning demand for uncontracted spodumene, suggesting Liontown Resources could be riding a wave of opportunity. While the spot price may not reflect the broader market, it certainly stirs excitement about future prospects."
Last Updated: 24 Nov 2025
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Frequently Asked Questions
Who is investing in Liontown Resources Ltd (ASX:LTR)?
Fund managers including Pendal Group have invested in Liontown Resources Ltd (ASX:LTR).
Why do fund managers invest in Liontown Resources Ltd?
Fund managers are investing in Liontown Resources Ltd due to its strategic position in the lithium market, highlighted by a successful spodumene auction that fetched prices significantly above benchmark rates. This indicates strong demand for lithium, driven by the growing energy storage sector, which positions Liontown favorably for potential revenue growth.
What happened to Liontown Resources Ltd (ASX:LTR)?
Fund managers are investing in Liontown Resources Ltd due to its strategic position in the lithium market, highlighted by a successful auction of spodumene at prices significantly above benchmark rates. This reflects strong demand driven by increased energy storage production, positioning Liontown favorably in a competitive landscape.