No longer the speculative domain of evangelical retail shareholders, the lithium sector has won acceptance and trust from just about everyone except BHP.
Three railway lines owned by three different iron ore producers trisect the 40 kilometre gap separating the two mines, but the trains don’t stop to pick up lithium.
Lithium miners no longer live on the speculative fringe, as they did during the lithium boom of 2014-18. Pilgangoora’s owner Pilbara Minerals is now a $13 billion company, up from about $400 million in March 2020.of old tantalum mines, who enjoyed explosive share price gains by switching to the lithium that occurs with tantalum.
But the lithium sector’s journey toward legitimacy faces a challenge: BHP, the ASX’s biggest company, just happens to be the mining industry’s biggest lithium bear.on the sidelinesHenderson had been asked about BHP’s long-held view that lithium is not a lucrative way to play the battery and electric vehicle thematic.
is familiar with BHP’s view; he spent 18 years at the company before leaving to run Liontown in 2021.But the challenge for lithium stocks such as Liontown, Pilbara Minerals and the owner of the Wodgina mine – Mineral Resources – is that fund managers tend to believe BHP. “That’s probably fair,” said Argo’s Andy Forster, of the proposition that he missed the first lithium boom.
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