Mineral Resources shares slip after flirting with a 52-week high as China flags battery overcapacity
Mineral Resources closed down 1.34% at A$56.49 in Sydney after trading between A$55.95 and A$58.63. Pilbara Minerals slipped 0.62% while Liontown gained 0.99%. China’s industry ministry warned Thursday of battery sector overcapacity. Investors await MinRes’ December-quarter update on Jan. 29 and half-year results on Feb. 20.