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Mineral Resources Ltd
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About Mineral Resources Ltd
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L1 Capital continues to hold Mineral Resources (ASX: MIN) because it believes the company sits in a commodity sweet spot alongside Alcoa. The manager notes Mineral Resources has a pathway to substantially increase its lithium volumes as the lithium sector recovers, providing leverage to an improving market.
Article
24 Sep 2026
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L1 Capital
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§ Important Notice
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Frequently asked questions about Mineral Resources Ltd (ASX:MIN)
Frequently asked questions
Who is investing in Mineral Resources Ltd (ASX:MIN)?
Fund managers including L1 Capital, Endeavor Asset Management, Blackwattle Investment Partners, Oracle Advisory Group, Equity Trustees Asset Management, Katana Asset Management, Cooper Investors, Airlie Funds Management, QVG Capital, Antares Capital, Lanyon Investment Fund, PM Capital, Firetrail Investments, Pendal Group, Yarra Capital Management, Ten Cap, Infinity Asset Management, Alphinity Investment Management, Maple-Brown Abbott, Sage Capital and Blue Boat Capital have invested in Mineral Resources Ltd (ASX:MIN).
What opportunities or catalysts do fund managers highlight for Mineral Resources Ltd?
Bulls highlight a deleveraging from roughly six times EV to EBITDA to around two times, the successful ramp-up of Onslow Iron and a shift toward optimisation and expansion. L1 Capital points to accretive lithium growth at Wodgina and Mt Marion, the restart of Bald Hill and governance renewal under new chair Mal Bundy. Pendal noted repeated production guidance upgrades, falling net debt and proceeds from the Posco deal as supportive catalysts.
What are the key risks to the Mineral Resources Ltd investment thesis, according to fund managers?
Maple-Brown Abbott questions exposure to a low-grade iron ore producer when it is cautious on the iron ore majors, and cites lithium price uncertainty and historical corporate governance issues, though it concedes governance is improving. Fund managers also note that part of the recovery reflects favourable commodity prices, leaving earnings sensitive to any reversal in iron ore or lithium.
What is the short interest in Mineral Resources Ltd (ASX:MIN)?
The short interest in Mineral Resources Ltd (ASX:MIN) is 6.13% which makes it the 30th most shorted stock on the ASX. Of the 197.6M shares that Mineral Resources Ltd has on issue, 12.1M have been sold short.
What does Mineral Resources Ltd (ASX:MIN) do?
Mineral Resources Ltd. is an Australian mining and processing company headquartered in Perth. Founded in 2006 by Christopher J. Ellison, the firm operates through six segments: Mining Services, Iron Ore, Energy, Lithium, Other Commodities, and Central. The company provides essential contract crushing, infrastructure development, and base metals concentrate recovery services. Mineral Resources manages diverse mineral properties, supporting global resource extraction requirements through its integrated operational structure.