0255 GMT - Australian lithium and rare-earth miners are likely to broadly miss 3Q consensus output estimates, according to Macquarie analysts. The analysts forecast a weak quarter for Lynas, predicting that rare-earth oxide production and sales in the three months ended March will miss market expectations by 4% and 8%, respectively. Among lithium producers, they tip shipments from Pilbara Minerals and Mineral Resources to fall short of consensus by 4% and 11%, respectively. IGO is expected to post a slight beat, 2% above consensus. Pilbara Minerals remains their preferred Australian lithium stock, "given its strong balance sheet, potential to liberate cash flow via a productivity drive, and downshift in its growth ambitions." The companies are expected to report their quarterly operational results this month. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 13, 2025 22:55 ET (02:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.