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ASX:MIN.AX 17 January 2026 - 31 January 2026

Mineral Resources (ASX:MIN) share price drops 6% despite lithium guidance upgrade

Mineral Resources (ASX:MIN) share price drops 6% despite lithium guidance upgrade

Mineral Resources Ltd shares fell 6.3% to A$57.15 Friday after reporting a 29% jump in spodumene prices and raising lithium output forecasts. The S&P/ASX 200 dropped 0.65%, with lithium stocks hit hard as prices slid 11% in Asia. Net debt fell to about A$4.9 billion, and cash liquidity topped A$1.4 billion. Broker ratings diverged, with Macquarie upgrading to outperform and Jarden warning on costs.

Stock Market Today

  • Mission Produce (AVO) Shares Drop Nearly 12% Amid Pricing Pressures: Is It Time to Buy?
    March 20, 2026, 12:57 PM EDT. Mission Produce (AVO) shares fell 11.9% over the past month despite strong operational performance in Q1 fiscal 2026, including 14% volume growth and margin expansion. The decline is driven by a 30% drop in avocado prices, affecting revenue which fell 16.6%, raising concerns about fluctuating top-line growth. Investors also worry about margin compression in Q2 due to pricing pressure and lower asset utilization. AVO has underperformed the Zacks Agriculture industry, key peers like Adecoagro and Archer Daniels Midland, and wider market indices. Currently trading at $12.54, the stock is 16.5% below its 52-week high, signaling some upside potential amid uncertainty around its pending acquisition and supply challenges linked to Mexico and California harvest delays.
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