Sydney, Feb 7, 2026, 17:41 AEDT — The market has closed.
- Mineral Resources shares finished Friday at A$51.81, dropping roughly 4.7%.
- Miners and banks dragged the ASX 200 down 2% in a sweeping selloff.
- Next up for investors: MinRes reports half-year numbers on Feb. 20, with attention turning to debt levels, lithium output and any fresh details on the POSCO agreement.
Mineral Resources Ltd (ASX:MIN) slipped 4.7% on Friday to close at A$51.81, caught up in the broader pullback among Australian miners ahead of the weekend. Shares have traded anywhere between A$14.05 and A$65.79 over the last 52 weeks.
Local stocks took a beating Friday, with the ASX 200 sliding 2% in a session that saw miners sink and iron ore hovering near $100 a tonne, according to ABC market data. “Panic is spreading,” MooMoo Australia analyst Michael McCarthy told ABC. ABC News
It’s an uncomfortable moment for Mineral Resources. The company has its half-year results set for Feb. 20, with a webcast on tap that day as well, per its investor calendar.
MinRes’ most recent operational update landed with its December-quarter numbers on Jan. 29. The company raised its FY26 lithium volume outlook at Wodgina to 260,000-280,000 dry metric tonnes of SC6, while guidance for Mt Marion now stands at 190,000-210,000 dmt. Onslow Iron managed to ship 8.7 million tonnes during the quarter. Net debt dropped to around A$4.9 billion at the end of December. MinRes also reaffirmed that POSCO would acquire 30% of its current 50% stake in Wodgina and Mt Marion for US$765 million, pending approvals, with the deal slated to close in the first half of 2026.
Despite the drop in Mineral Resources shares, brokers haven’t been moving in just one direction. UBS actually stuck with its buy call and bumped its price target up to A$68 from the previous A$58.50, according to broker data from Market Index.
No lift from the wider market, either. Investors dumped crowded trades on Thursday, pushing global stocks lower as anxiety over AI’s price tag set in. Ameriprise Financial’s Anthony Saglimbene put it this way: “investors today are starting to turn more defensive” in how they’re positioning. Reuters
As Monday kicks off, eyes are on commodity-linked stocks to see if the selloff resumes, or if buyers step in after Friday’s tumble. MinRes comes into focus, with lithium prices and the Onslow Iron cash story driving its daily moves.
The stock doesn’t just react on the upside. Appetite for risk drops, lithium swings again, or if POSCO approvals snag—suddenly it’s leverage and funding costs under the microscope, not production news.
Next up: Feb. 20. That’s when investors expect half-year results, fresh cash generation details, and a read on whether the POSCO timeline and FY26 guidance are still on track.
