ASX lithium shares in focus

Three major broking houses in Morgans, UBS, and Macquarie have issued research notes on the lithium sector this week, with UBS saying they expect Australian lithium companies to generate strong cash flow over the June quarter, "as stronger realised lithium prices drive robust margins''.

They added:

With lithium prices recovering sharply since mid-CY25, producers have moved quickly to revisit and accelerate growth initiatives, although we believe the market is underestimating the capital required to deliver the next expansion phase. Concerns build around rising battery inventories, weak China NEV sales, an accelerating / uncertain supply response, though we continue to believe the market fundamentals remain strong and remain overweight lithium.

Macquarie notes that there remains limited visibility of the expansion of the major Chinese producer Jianxiawo and, therefore, its effect on the market.

Macquarie said they see significant uncertainty around the supply and demand outlook for CY27.

They added:

While future supply additions are highly visible, we believe the market may be underestimating project delays, commissioning risks and ramp-up challenges.

Which ASX lithium shares do the experts like?

Macquarie's top pick in the sector is IGO Ltd (ASX: IGO), with a price target of $10.50.

Other companies it had assigned an outperform rating to include PLS Group Ltd (ASX: PLS), PMET Ltd (ASX: PMT), Elevra Lithium Ltd (ASX: ELV), Liontown Resources Ltd (ASX: LTR), Wildcat Resources Ltd (ASX: WC8), and Global Lithium Ltd (ASX: GL1).

In contrast, Morgans has a hold recommendation on PLS shares, preferring Liontown Resources, which it has an accumulate rating on and a price target of $1.70 on, compared to $1.36 currently.

Morgans also has an accumulate rating on Mineral Resources Ltd (ASX: MIN), with a $68 price target compared to $56.65 currently.

UBS also has a neutral rating on PLS shares, and buys on IGO, Liontown, PMET, and Elevra.

Morgans noted that the recent pullback in lithium prices was likely a short-term correction.

They added:

We see this recent sell-off as the market pricing in a step-change in near-term supply, not an expectation that the commodity is going to experience a severe sell off and enter another downcycle. Rather, we think investors have concluded that the probability of another leg is now considerably lower, given the CATL and Zimbabwe supply catalysts, plus incremental Australian supply coming back online. In our view, the equity rally through 1Q/2Q26 pushed several names ahead of what we'd consider fair value on a through-cycle price deck, and this correction is best read as a re-rating back toward more appropriate valuations, not a loss of confidence in sector fundamentals.   

The post What are the top picks in the ASX lithium sector right now? appeared first on The Motley Fool Australia.

After yesterday's lethargic showing, investors came back to the ASX boards with a little more pep in their steps, sending the ASX 200 0.37% higher. After staying in green territory all day, the index ended up closing at 8,841.1 points.

This confident mid-week session for the Australian markets follows a sunny session on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) had a lukewarm day, rising by just 0.018%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was far more bullish, gaining 0.9%.

Let's get back to the local markets now and dive a little deeper into what the various ASX sectors were up to today.

Winners and losers

We had more green sectors than red ones this session.

Leading the red sectors were communications shares. The S&P/ASX 200 Communication Services Index (ASX: XTJ) was shunned, tumbling 1.2%.

Gold stocks had a similar experience, with the All Ordinaries Gold Index (ASX: XGD) diving 0.95%.

Energy shares found themselves on the nose, too. The S&P/ASX 200 Energy Index (ASX: XEJ) retreated 0.57% this hump day.

We could say the same for consumer staples stocks, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) dipping 0.56%.

Healthcare stocks couldn't hold their own either, evident by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.38% slide.

Our last losers were consumer discretionary shares. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) slipped 0.22% lower by the close of trading.

Let's turn to the winners now. Leading the push higher were mining stocks, with the S&P/ASX 200 Materials Index (ASX: XMJ) surging 1.7%.

Utilities shares were far tamer, though. The S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 0.17% today.

Financial stocks were also in that ballpark, illustrated by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.15% advance.

Tech shares followed financials. The S&P/ASX 200 Information Technology Index (ASX: XIJ) jumped 0.13%.

Then we had real estate investment trusts (REITs), with the S&P/ASX 200 A-REIT Index (ASX: XPJ) also bouncing 0.13% higher.

Finally, industrial stocks rounded out the winners this Wednesday, as you can see by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.07% bump.

Top 10 ASX 200 shares countdown

Our best performer this hump day was miner Kingsgate Consolidated Ltd (ASX: KCN). Kingsgate shares shot up 15.89% this session to finish at $4.23 each.

This came after the company reported some guidance and production updates, which clearly went down well with the market.

Here's how the other top stocks tied up at the dock: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

At the time of writing, the Elevra Lithium share price is down 4.54% to $8.62. By comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.5% to 8,809 points.

Despite today's decline, Elevra shares remain up around 7% in 2026 and have climbed roughly 220% since this time last year.

The latest numbers included another strong quarter at the mine, although the lower price received for its lithium appears to be weighing on the stock.

Here's what the company reported.

Production finishes the year strongly

According to the release, Elevra produced approximately 54,479 dry metric tonnes (dmt) of spodumene concentrate during the June quarter.

Production rose 15% from the March quarter and marked the second-highest quarterly result achieved at North American Lithium.

The operation delivered a particularly strong May, producing approximately 22,202 tonnes. Elevra described this as a monthly production record.

Full-year production reached approximately 197,968 tonnes, giving the company a stronger finish to FY26.

Management put the improvement down to continued work on plant optimisation, ore feed consistency, and recoveries. The company also pointed to throughput and operating efficiency gains across the quarter.

However, sales didn't keep pace with production.

Sales came in at around 33,977 tonnes, which the company linked to customer delivery schedules.

As a result, Elevra finished June with a provisional inventory of around 40,863 tonnes.

Pricing takes the shine off production gains

The price Elevra received for its lithium was less than impressive.

The company reported provisional average realised pricing of approximately US$919 per tonne, sold free on board.

Management said June shipments were priced under contracts linked to average market prices between October 2025 and March 2026.

Lithium prices were lower through much of that period, which left Elevra receiving less than the current spot market.

The June quarter sales were also made under the company's largest legacy contract, which uses the same delayed pricing structure.

Currently, the spot price for lithium is sitting at 158,500 CNY, down 3.35% for the day.

Can Elevra shares recover?

I think Elevra shares can recover from here.

Production is improving, and the pricing lag should start to ease as more sales move onto newer contracts.

The next step is to turn that higher output into better sales and cash flow, particularly after inventory increased during the quarter.

The full quarterly report later this month should show whether higher production is starting to improve the rest of the business.

The post Why record production could not save this ASX lithium stock today appeared first on The Motley Fool Australia.

This is generating significantly higher demand for critical minerals, such as lithium, and batteries to power new infrastructure and EVs.

Lithium prices slumped in 2023-2025 due to an oversupply, but supply/demand finally rebalanced at the start of FY26.  

Lithium went on to top the charts of best-performing commodities in FY26 by a long way.

The lithium spodumene price rose about 280%, and carbonate soared 160% in FY26. 

So, it's no surprise that ASX 200 lithium shares did well in terms of capital growth last year.

In fact, they shot the lights out.

Here are the top five of FY26.

1. Elevra Lithium Ltd (ASX: ELV)

This ASX 200 lithium share roared 327% higher to $9.60 apiece in FY26.

Elevra has a diversified portfolio of mines and development projects across Québec, North Carolina, Ghana, and Western Australia.

Formed through the merger of Piedmont Lithium and Sayona Mining, Elevra's flagship is the North American Lithium Project (NAL). 

In 3Q FY26, NAL generated record revenue of US$81 million, up 22% on 2Q FY26.

Year-to-date revenue was US$167 million, up 68% on the prior corresponding period.

Elevra is undertaking an accelerated expansion at NAL to bring additional production online earlier than planned.

2. PLS Group Ltd (ASX: PLS)

Formerly known as Pilbara Minerals, PLS Group shares rocketed 275% to finish FY26 at $5.02. 

PLS Group is the largest lithium miner on the ASX 200 by market capitalisation. 

The company's flagship is the Pilgangoora Operation, the world's largest independent hard-rock lithium mine. 

PLS reported record quarterly production of 232.4kt in 3Q FY26, along with an 11% decline in unit operating costs.

The average estimated realised price for its lithium spodumene increased 61% over the quarter.

Management said the result reflected strong execution, improved plant reliability, increased run times, and consistently high lithium recovery.

3. Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price recovered 188% to finish the year at $62.65.

Value investors returned to Mineral Resources after corporate governance issues and financial concerns plagued the company in FY25. 

Founder Chris Ellison faced board-imposed financial penalties of $8.8 million and loss of remuneration of up to $9.6 million for reputational damage to the company.

The board decided to stop paying dividends in order to improve the balance sheet, and the company delivered its strongest half-year result ever in 1H FY26.

The miner reported record revenue of $3.1 billion and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.2 billion.

Soaring lithium commodity prices and the ramp-up of MinRes' Onslow iron ore project contributed to the result. 

4. Liontown Ltd (ASX: LTR)

The Liontown share price jumped 197% to $1.58 in FY26.

Liontown owns one of Australia's newest lithium operations, the Kathleen Valley Project, which only began production in early FY25. 

The company sought to ramp up production in FY26 and achieved a 70% increase in 1H FY26.

This, along with soaring lithium commodity prices, resulted in a doubling of revenue year over year to $207.5 million.

In 3Q FY26, Liontown became cash flow positive and achieved its 1.5Mtpa annualised underground run-rate early.

5. IGO Ltd (ASX: IGO)

This ASX 200 lithium share ascended 77% in FY26 to close out the year at $7.37.

The highlights of FY26 for IGO included a material improvement at the Kwinana Lithium Hydroxide Refinery.

Production increased to 3,047t in 3Q FY26 vs. 2,120t in 2Q FY26, representing 51% of nameplate capacity.

Also in 3Q, nickel production at Nova increased 11%, and the mine generated $52 million of free cash flow.

Greenbushes delivered a 75% EBITDA margin in the quarter.

For 3Q FY26, the lithium and nickel producer reported group underlying EBITDA of $119 million, up from $30 million in 2Q FY26.

Net cash increased to $327 million as at 31 March.

The post Top 5 ASX 200 lithium shares of FY26 appeared first on The Motley Fool Australia.

S&P/ASX 200 Index (ASX: XJO) shares rose by 2.77% and provided total gross returns (including dividends) of 7% in FY26.

Thirteen ASX 200 shares doubled in value — or better — over the 12 months.

Three of them were ASX 200 gold miners, which benefited from an 18% rise in the gold price last year.

Four were lithium miners, which generated turbocharged earnings amid a 278% lift in the spodumene price and a 160% rise in the carbonate price over FY26.

While healthcare was the worst-performing sector, the ASX 200's fastest rising stock came from it and blasted 1,786% higher!

Let's check out this group of ASX 200 double baggers for FY26.

Double-baggers of FY26

1. 4DMedical Ltd (ASX: 4DX)

This ASX healthcare share skyrocketed 1,786% in FY26 to close out the year at $4.53.

The respiratory imaging technology company gained US Food and Drug Administration (FDA) approval for its CT:VQ product in September 2025.

CT:VQ has since been deployed at several well-known academic hospitals and clinics.

One broker thinks there is more room to run for 4DMedical shares in FY27.

2. Minerals 260 Ltd (ASX: MI6)

This ASX 200 gold share ripped 508% to finish FY26 at 73 cents.

Minerals 260 is building the Bullabulling Gold Project near Kalgoorlie in Western Australia's Eastern Goldfields region.

3. Elevra Lithium Ltd (ASX: ELV)

This ASX 200 lithium share flew 327% to $9.60 over FY26.

Elevra has a globally diversified portfolio of mines and projects across Québec, North Carolina, Ghana, and Western Australia.

4. PLS Group Ltd (ASX: PLS)

This fellow ASX lithium share leapt 275% to close out FY26 at $5.02.

The company's flagship project is Pilgangoora, the world's largest independent hard-rock lithium mine.

Formerly known as Pilbara Minerals, PLS Group was the best performer among the ASX 200 large-cap shares last year.

5. Electro Optic Systems Holdings Ltd (ASX: EOS)

The Electro Optic Systems share price increased 261% to close the year at $10.30.

This made Electro Optic the best-performing stock of the industrials sector in FY26.

The company specialises in defence technology, advanced weapon systems, and counter-drone solutions.

6. Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price rose 188% in FY26.

The ASX large-cap mining share finished the year at $62.07.

Value investors returned to Mineral Resources after corporate governance and financial problems crushed the stock in FY25.

Mineral Resources reported its best half-year result ever for 1H FY26. The miner reported record revenue of $3.1 billion and EBITDA of $1.2 billion due to rising lithium prices and the successful ramp-up of its Onslow iron ore project.

7. NRW Holdings Limited (ASX: NWH)

This ASX 200 industrials share soared 149% to finish the year at $7.44.

8. Liontown Ltd (ASX: LTR)

This ASX 200 lithium share rose 142% to finish the year at $1.69.

For 1H FY26, Liontown reported doubled revenue after a 70% lift in spodumene production.

In 3Q FY26, Liontown became cash flow positive and hit its 1.5Mtpa annualised underground run-rate ahead of schedule.

9. SRG Global Ltd (ASX: SRG)

This ASX 200 industrials share rose 136% to finish the year at $3.98.

10. Codan Ltd (ASX: CDA)

This ASX 200 tech share lifted 119.5% to finish the year at $44.14.

ASX 200 tech shares tanked in FY26, with only four finishing the year in the green.

11. Kingsgate Consolidated Ltd (ASX: KCN)

This ASX 200 gold share rose 119% to finish the year at $4.95.

12. Lynas Rare Earths Ltd (ASX: LYC)

This ASX 200 rare earths share increased 115% to close out the year at $18.06.

An 80% lift in the neodymium price, and restricted rare earths exports out of China helped Lynas shares grow in FY26.

13. Alkane Resources Ltd (ASX: ALK)

This ASX 200 gold share rose 92% to finish the year at $1.37.

The post 13 ASX 200 shares that doubled in value in FY26 appeared first on The Motley Fool Australia.

The ASX 200 materials sector, which is dominated by miners, was the best-performing of the 11 market sectors, rising 47% and offering a 4.6% dividend yield.  

The S&P/ASX 300 Metals & Mining Index (ASX: XMM), which captures more of the mineral explorers than the ASX 200, did even better.  

ASX 300 mining shares rose 53.2%, and delivered total returns of 58.59%. Wow. 

This all happened because Australia is in the midst of a new mining boom that will be different to the last one in the early 2000s to 2013.  

That boom was characterised by insatiable Chinese demand for iron ore to create steel for new infrastructure and residential apartments in the cities. 

The new mining boom today is being driven by the green energy transition, the artificial intelligence (AI) build-out, and central bank purchasing of gold. 

The green energy transition and AI build-out are driving much higher demand for critical minerals, such as lithium, and base metals, such as copper. 

Lithium prices slumped in 2023-2025 due to global oversupply, but supply/demand finally rebalanced at the start of FY26.  

Lithium went on to top the charts of best-performing commodities in FY26 by a long way.

The lithium spodumene price rose about 280%, and carbonate soared 160%. 

So, it's no surprise to see four lithium producers among the top five ASX 200 mining shares for capital growth last year. 

Let's review. 

1. Minerals 260 Ltd (ASX: MI6)

ASX 200 gold share, Minerals 260, skyrocketed 508% to close out FY26 at 73 cents per share. 

The mineral explorer is building the Bullabulling Gold Project in Western Australia's Eastern Goldfields region. 

Bullabulling is one of Australia's largest near-term gold mines with a Mineral Resource Estimate (MRE) of 130MT at 1.0g/t for 4.5Moz.  

Minerals 260 recently signed a $220 million funding deal with gold royalty company, Franco-Nevada Corporation, to advance and de-risk Bullabulling. 

2. Elevra Lithium Ltd (ASX: ELV)

This ASX 200 lithium share roared 327% higher to $9.60 apiece in FY26.

Elevra has a globally diversified portfolio of mines and development projects across Québec, North Carolina, Ghana, and Western Australia.

Formed through the merger of Piedmont Lithium and Sayona Mining, Elevra's flagship mine is the North American Lithium Project. 

3. PLS Group Ltd (ASX: PLS)

Formerly known as Pilbara Minerals, PLS Group shares rocketed 275% to close out FY26 at $5.02. 

PLS Group is the largest lithium miner on the ASX 200 by market capitalisation. 

The company's flagship is the Pilgangoora Operation, the world's largest independent hard-rock lithium mine. 

4. Mineral Resources Ltd (ASX: MIN)

Iron ore and lithium producer Mineral Resources experienced 188% share price growth in FY26. 

The Mineral Resources share price finished the year at $62.65.

Mineral Resources shares were in rebound mode in FY26 after serious corporate governance issues and financial concerns had plagued the company in FY25. 

Founder Chris Ellison faced board-imposed financial penalties of $8.8 million and loss of remuneration of up to $9.6 million for reputational damage to the company.

The need to strengthen the balance sheet contributed to the board's call not to pay dividends in FY25. No dividends have been paid in FY26, either. 

The Mineral Resources share price hit a 5-year low of $14.05 in April 2025 before commencing its rebound into FY26. 

For 1H FY26, Mineral Resources reported its strongest half-year result ever. The miner reported record revenue of $3.1 billion and EBITDA of $1.2 billion.

Rebounding lithium prices and the successful ramp-up of the Onslow iron ore project contributed to the result. 

5. Liontown Ltd (ASX: LTR)

The Liontown share price leapt 197% higher to finish the year at $1.58.

Liontown owns one of Australia's newest lithium operations, the Kathleen Valley Project, which only began production in early FY25. 

The ASX 200 lithium share had the same commodity tailwinds as other providers last year, as the company sought to ramp up production. 

For 1H FY26, Liontown reported a doubling in revenue year over year to $207.5 million, after a 70% lift in spodumene production. 

In 3Q FY26, Liontown became cash flow positive and achieved its 1.5Mtpa annualised underground run-rate ahead of schedule.  

The post 5 best ASX 200 mining shares of FY26 appeared first on The Motley Fool Australia.

ASX 200 shares rose 2.77% and delivered total returns, including dividends, of 7% in FY26.  

Meanwhile, the national median home value, which reflects all property types in a single data point, rose by 7.3%.

The total return, including rental income, was 11% over the 12 months, according to Cotality figures.

Let's break down the numbers a bit more. 

Typical Australian houses now cost $1M!

The national median house price rose 7.8% to $1,025,085, and the median apartment price lifted 5.6% to $752,007 over FY26. 

Three interest rate rises in CY26 are having a significant impact on the property market. 

Cotality's research director, Tim Lawless, said the June quarter marked "a significant shift in Australia's housing dynamic".  

Lawless commented:

Weaker conditions through the second quarter of the year are attributable to an array of downside factors.

Even before interest rates rose by seventy-five basis points, we were seeing affordability hurdles weighing on buyer demand.

Higher cost-of-living pressures, deeply pessimistic sentiment and a further dampening of demand via property taxation changes announced in the federal budget are all contributing to weaker housing conditions.

Typical landlords and first home buyers tend to operate in the same part of the market: at the lower end of the price spectrum.   

The expansion of the 5% Home Guarantee Scheme in October has created more demand for lower-end properties. 

An expected decline in investor purchasing due to proposed changes to capital gains tax (CGT) may reduce competition for young first-home buyers.

The CGT changes may also weigh on sentiment so much that home values fall, further enhancing affordability for young buyers.

That's the upside of the proposed CGT changes.

The downside is that an exodus of property investors would reduce the number of homes available to the 30% of Australians who rent, leading to higher rents.  

On top of that, current homeowners may have to cope with their cornerstone financial asset declining in value. 

How will CGT changes influence landlords? 

Australian residential real estate has a long and impressive multi-decade history of delivering exceptional capital gains.

Most landlords will tell you they are in it for the capital growth, not the rental yield.

Although rents have increased significantly since COVID, rental yields on property investments are notoriously low.

The national median gross rental yield is 3.7%, but that does not take into account all the holding costs of property.

Once landlords pay their loan repayments, strata fees, council rates, insurance, management expenses, and repairs, there's usually a deficit, which is why they're negatively geared.  

Negative gearing will be scrapped on established properties under the proposed CGT changes from 1 July 2027.

Investors will still be able to negatively gear new builds, but long-term data shows landlords strongly prefer established properties. 

So, it's arguable as to whether investors will move to the new-home market en masse. 

Here's what landlords are thinking about…

If the government intends to take more of a landlord's capital gain, will long-standing landlords decide property is just too much trouble? 

Cotality analysts raised this in a recent article, commenting that investors "may now look to other (non-property) assets instead". 

Could the CGT changes prompt landlords who have owned investment property for decades to take their discounted gains now? 

Their options for the sale proceeds are pretty attractive.

They could pop the money into a savings account yielding 5.5%. 

They could contribute the money to superannuation and pay just 15% tax on future earnings, 10% on future capital gains, and no tax after retirement. 

Perhaps they might invest in fully-franked ASX dividend shares.

Or they could buy the market's most popular dividend-focused exchange-traded fund (ETF), Vanguard Australian Shares High Yield ETF (ASX: VHY), with its 7.2% average three-year yield and 8.8% growth rate. 

Research by the Australian Housing and Urban Research Institute (AHURI) shows that Australian landlords are predominantly high-income earners in their late 40s or early 50s, paying off a modest home mortgage. 

At their stage of life, running a property investment, with all its maintenance costs and tenant hassles, may start to look unappealing under the CGT changes, especially if home values fall. 

Treasury modelling suggests home values will keep growing, but at a 2% slower rate than otherwise under the CGT changes. Time will tell if that proves accurate.  

Shares vs. property in FY26: Houses

Here is the capital growth rate for houses in each market, ranked from highest to lowest.

Source: Cotality

Shares vs. property in FY26: Apartments

Here is the capital growth rate for apartments (and other strata properties like townhouses), ranked from highest to lowest.

Source: Cotality

5 best-performing ASX 200 shares of FY26

The best-performing ASX 200 shares of FY26 outperformed real estate by a country mile.

Here is the capital growth rate of the five top ASX 200 shares of FY26.

The post ASX shares vs. property in FY26: Which investment outperformed? appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The ASX 200 outperformed the S&P/ASX All Ords Index (ASX: XAO) last financial year. 

ASX All Ords shares increased 2.43% and provided total returns of 5.69%, according to S&P Global data.

Let's take a look at the five best-performing ASX 200 shares for capital growth in FY26.

5 best ASX 200 shares for price growth

1. 4DMedical Ltd (ASX: 4DX)

This ASX 200 healthcare share skyrocketed 1,786% in FY26 to close out the year at $4.53.

4DMedical shares hit a record $7.55 per share in April. 

The highlight of FY26 for this respiratory imaging technology company was gaining US Food and Drug Administration (FDA) approval for its CT:VQ product in September 2025. 

CT:VQ is the world's first non‑contrast post‑processing technology that transforms routine chest CTs into quantitative, lobar ventilation (V) and perfusion (Q) maps.

Since approval, the technology has been deployed at the revered US Mayo Clinic, Stanford, Cleveland Clinic, UC San Diego Health, University of Chicago Medicine, and the University of Miami.

2. Minerals 260 Ltd (ASX: MI6)

This ASX 200 gold share share ripped 508% to close out FY26 at 73 cents per share. 

Minerals 260 hit a record $1 per share last month. 

The mineral explorer is building the Bullabulling Gold Project, 25km south-west of Kalgoorlie in Western Australia's Eastern Goldfields region. 

Bullabulling is one of Australia's largest near-term gold mines. It has a Mineral Resource Estimate (MRE) of 130MT @ 1.0g/t for 4.5Moz. 

Minerals 260 recently signed a $220 million funding deal with gold royalty company, Franco-Nevada Corporation, to advance and de-risk the project. 

3. Elevra Lithium Ltd (ASX: ELV)

This ASX 200 lithium share soared 327% to $9.60 in FY26.

Elevra Lithium shares hit a 52-week high of $14.06 per share in May. 

Elevra has a globally diversified portfolio of mines and development projects across Québec, North Carolina, Ghana, and Western Australia.

Formed through the merger of Piedmont Lithium and Sayona Mining, its flagship mine is the North American Lithium Project.

Like all ASX lithium miners, Elevra has benefitted from surging lithium commodity values in FY26.

Supply/demand for lithium has finally rebalanced after a long period of oversupply and growing demand today for batteries, green power infrastructure, and electric vehicles (EV). 

The lithium spodumene price is up from about US$600 per tonne in June 2025 to US$2,260 per tonne today.

The lithium carbonate price rocketed 155% higher in FY26. 

4. PLS Group Ltd (ASX: PLS)

This fellow ASX 200 lithium share roared 275% to close out FY26 at $5.02. 

Formerly known as Pilbara Minerals, PLS Group is the largest lithium miner on the ASX by market cap.

PLS Group shares hit a record $6.81 last month. 

The company's flagship is the Pilgangoora Operation, the world's largest independent hard-rock lithium mine. 

5. Electro Optic Systems Holdings Ltd (ASX: EOS)

This ASX 200 industrials share increased 261% to finish the year at $10.30. 

Electro Optic Systems shares have soared over the past four years since Russia's invasion of Ukraine.

The company specialises in defence technology, developing advanced weapon systems and counter-drone solutions.

The ASX 200 defence stock hit a record $12.58 per share last month. 

The post 5 best-performing ASX 200 shares of FY26 appeared first on The Motley Fool Australia.

In morning trade, the ASX lithium share is up by 5% to $10.04.

This compares to a solid performance from the ASX 200 index, which is up 0.5% at the time of writing.

Why is this ASX lithium share getting a lot of attention?

Investors have been buying the lithium miner's shares following the release of a big update on its North American Lithium (NAL) operation.

According to the release, the ASX lithium share has reached a milestone in the expansion of the NAL operation with the official groundbreaking of the NAL Expansion Project.

It notes that the groundbreaking follows the successful completion of its May capital raise, which fully funded the NAL Expansion and strengthened its balance sheet to support execution of its staged growth strategy.

As part of ongoing project execution, equipment for the expansion has been ordered to enable the planned development timeline and reduce schedule risk.

This certainly could be worth the hard work. The company highlights that upon completion in mid 2027, Stage 1 of the NAL Expansion is expected to deliver a 15% to 20% increase in annual spodumene concentrate production capacity.

Importantly, it is also expected to result in a reduction in unit operating costs through improved scale and efficiency.

Furthermore, management believes that as North America seeks to strengthen domestic battery materials supply to reduce reliance on external sources, the NAL expansion will help by delivering increased supply of traceable and transparent lithium to the rapidly growing electric vehicle and energy storage markets.

Management commentary

The ASX lithium share's managing director and CEO, Lucas Dow, was pleased with the news. He commented:

The groundbreaking of the NAL Expansion marks a milestone for Elevra and reflects the progress we have made since announcing our staged expansion strategy. With funding secured and equipment orders being placed, we are focused on disciplined execution to deliver Stage 1. This expansion will increase production capacity and further strengthen NAL's position as a strategically important source of lithium supply in North America.

Elevra Lithium's shares have been on fire over the past 12 months. Following today's move, the company's shares are now up almost 350% since this time last year.

That's despite its shares trading almost 30% below their 52-week high of $14.06.

The post Which ASX share is racing 5% higher on big news? appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Clinuvel Pharmaceuticals Ltd (ASX: CUV)

The Clinuvel Pharmaceuticals share price is up 2% to $9.42. This morning, this biotherapeutics company announced that it has publicly filed its Form 20-F Registration Statement with the U.S. Securities and Exchange Commission (SEC). Once reviewed and approved, Clinuvel intends to list an American Depository Share (ADS) on the Nasdaq Stock Market. The company's legal counsel, Benson Chao, said: "Having worked closely with our auditors and counsel, CLINUVEL has addressed all questions posed by the SEC in previous rounds of confidential review and – we believe – can demonstrate compliance with the rigorous U.S. requirements. In the coming weeks we will learn the SEC's feedback and continue our liaison with the Nasdaq team as we move towards a listing of our ADS."

Elevra Lithium Ltd (ASX: ELV)

The Elevra Lithium share price is up 3% to $12.65. This appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has upgraded the lithium miner's shares to an outperform rating (from neutral) with an improved price target of $14.50 (from $13.50). This implies potential upside of almost 15% for investors from current levels. Macquarie has boosted its lithium price forecasts, which has led to upgrades to its earnings estimates.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is up 2% to $6.77. Investors have been buying this gold miner's shares following a jump in the gold price. Traders were bidding the precious metal higher after a US-Iran peace deal sparked hopes that oil prices will fall and inflation and interest rates won't rise as much as feared. The S&P/ASX All Ordinaries Gold Index is up 1.5% at the time of writing.

Southern Cross Electrical Engineer Ltd (ASX: SXE)

The SCEE share price is up 15% to $4.62. Investors have been buying the specialised electrical provider's shares after a guidance upgrade sparked a bullish broker note out of Bell Potter. Bell Potter responded to the update by retaining its buy rating with an improved price target of $5.40 (from $3.70). It commented: "Our Target Price lifts to $5.40/sh (up from $3.70/sh), given a more optimistic mediumterm revenue growth outlook, underpinned by rising investment momentum in the Data Centre and BESS construction markets. Our upgraded Target Price implies a NTM PE of 27.9x (41% premium to the peer group). This premium is justified given the company's strong prospects of delivering acquisition accretion in the near-term."

The post Why Clinuvel, Elevra Lithium, Regis Resources, and SCEE shares are racing higher today appeared first on The Motley Fool Australia.

Index changes loom

That's because S&P Dow Jones has just issued its quarterly rebalancing of the various indices, and Pro Medicus is set to be dropped from the S&P/ASX 50 Index (ASX: XFL), with minerals analysis company ALS Ltd (ASX: ALQ) to join.

The removal of Pro Medicus comes despite the company recently announcing several contract wins, including a five-year, $28 million contract renewal with Allegheny Health Network in the US.

Removal from an index can trigger the selling of a stock, as funds that track indices sell out of dropped stocks and buy into added ones.

With regard to the S&P/ASX 100 Index (ASX: XTO), uranium company Paladin Energy Ltd (ASX: PDN) will join the index, while grocery company Metcash Ltd (ASX: MTS) will be dropped.

Paladin shares are currently up 43.9% over a 12-month period, with Macquarie recently issuing a price target of $13.25 for Paladin shares compared to $9.52 currently.

Macquarie said Paladin had successfully ramped up production at its Langer Heinrich mine in Namibia and was also making "real progress" on its Patterson Lake South approvals in Canada.

Paladin recently reported that for the March quarter it had produced 1.29 million pounds of uranium at Langer Heinrich, up 5% from the previous quarter, "driven by strong processing plant performance".

The Patterson Lake South Project had also had its environmental impact statement approved.

In the S&P/ASX 200 Index (ASX: XJO), there will be nine changes in all, with Elevra Lithium Ltd (ASX: ELV), Electro Optic Systems Ltd (ASX: EOS), Firefly Metals Ltd (ASX: FFM), and Kingsgate Consolidated Ltd (ASX: KCN) being added.

The companies being removed are Minerals 260 Ltd (ASX: MI6), Guzman Y Gomez Ltd (ASX: GYG), IDP Education Ltd (ASX: IEL), SiteMinder Ltd (ASX: SDR), Temple & Webster Group Ltd (ASX: TPW), and Web Travel Group Ltd (ASX: WEB).

Elevra shares are up an impressive 310.4% over the past year; however, the stock has come off a bit recently.

The company raised $275 million in an institutional placement in mid-May at $12.20 per share; however, the shares are now changing hands for $10.46.

Another large capital raise

Electro Optic Systems, meanwhile, is in the midst of a capital raise, having raised $150 million at $8 a share.

Shareholders in the company were also able to subscribe for up to $30,000 worth of shares at the same price, with that process ongoing this week.

EOS shares are currently changing hands for $9.98, meaning the raise is well in the money at the moment. Shareholders will find out on Friday how many shares they have been allocated.

The index rebalances will take effect from 22 June.

The post Why might Pro Medicus shares soon be under pressure? appeared first on The Motley Fool Australia.

This will see five ASX shares kicked out of the S&P/ASX 200 Index (ASX: XJO) prior to the open of trading on 22 June. You can read about those shares here.

Replacing them in the benchmark index are the five ASX shares named below. Here's what you need to know:

Electro Optic Systems Holdings Ltd (ASX: EOS)

Defence and space company Electro Optic Systems will be joining the ASX 200 index later this month. EOS shares have been on fire over the past 12 months as demand for its defence solutions surges. During this time, the company's share price has risen approximately 350%, boosting its market capitalisation to approximately $2.3 billion.

Elevra Lithium Ltd (ASX: ELV)

Another ASX share that has more than quadrupled in value since this time last year is Elevra Lithium. It is the lithium miner that was created when Piedmont Lithium and Sayona Mining merged last year. Its key asset is the North American Lithium (NAL) project. It also has a portfolio of mineral exploration assets in Australia, Canada, Ghana, and the United States.

Firefly Metals Ltd (ASX: FFM)

Firefly Metals is joining the ASX 200 index after its shares doubled in value over the past 12 months, lifting its market capitalisation to $1.5 billion. Firefly Metals owns the Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada. It recently revealed a mineral resource estimate (MRE) of 50.4Mt @ 2.0% copper equivalent in the measured & indicated (M&I) categories. This leaves it well-placed to potentially benefit from increasing demand for copper.

Kingsgate Consolidated Ltd (ASX: KCN)

Another addition to the index is Kingsgate Consolidated. This gold miner joins after a 120% annual gain took its market capitalisation to $1.3 billion. Kingsgate Consolidated owns the Chatree Gold Mine in Thailand. During the last quarter, Chatree produced 21,036 ounces of gold. This was the fifth consecutive quarter of over 20,000 ounces of gold.

Minerals 260 Ltd (ASX: MI6)

A final ASX share that is being added to the ASX 200 index at the quarterly rebalance is Minerals 260. It is another gold stock that has rocketed over the past 12 months. During this time, excitement around the Bullabulling Gold Project has led to its shares rising over 400%, which has taken its market capitalisation to almost $1.7 billion.

The post EOS and these ASX shares are joining the ASX 200 index this month appeared first on The Motley Fool Australia.

This continued a 5-day run of volatility, as Australia's benchmark index continues to jump around significantly day to day. 

In good news, there was several well-known ASX shares that rose significantly: 

• Catapult Sports Ltd (ASX: CAT) shares increased 11%
• Weebit Nano Ltd (ASX: WBT) jumped 13%
• Virgin Australia Holdings Ltd (ASX: VGN) shares rose 9%
• Elevra Lithium Ltd (ASX: ELV) gained 9%
• Clarity Pharmaceuticals Ltd (ASX: CU6) rose 8%

Here's what was behind the gains, and what experts are tipping moving forward. 

Catapult Sports

Catapult Sports shares have now gained a whopping 30% this week. 

Investors are seemingly pleased with the recent FY26 results.

The results included record revenue and strong EBITDA growth. 

The team at Bell Potter were impressed with results, with the broker raising its price target on these ASX shares to $4.65, and retaining its buy recommendation. 

Following yesterday's closing, this updated target indicates 24% further upside. 

Weebit Nano

Weebit Nano shares have exploded in 2026. The digital memory technology company has seen its share price rise almost double since the start of April. 

These ASX shares are now up 300% in the last year. 

This has come on the back of impressive results and capital raising efforts.

At the time of writing, Weebit Nano shares are trading for $6.79 each. 

Forecasts via TradingView indicate there is still moderate upside for this technology stock. 

Analysts forecast an average one year price target of $7.63, which is 12% higher than current levels. 

Virgin Australia

Virgin shares rebounded 9% yesterday after a poor start to the year. 

Its share price remains down 30% year to date, however it appears investors might be beginning to recognise the value in ASX travel shares. 

The sector has been hit hard by surging oil prices, inflation and global conflict in 2026. 

Broker forecasts currently see approximately 45% upside for Virgin shares from current levels. 

Elevra Lithium

Elevra is an emerging lithium producer focused on sourcing and developing the raw materials needed to construct lithium-ion batteries, primarily lithium and graphite.

In 2026 it has benefited from surging oil costs, which has reignited the appeal for alternative energy sources.

After yesterday's 9% gain, this stock is up 400% in the last year. 

Analysts forecasts indicate this rocketing lithium stock can keep climbing. 

The average price target from brokers via TradingView has a one year price target of $15, indicating a further 22% upside. 

Clarity Pharmaceuticals

This radiopharmaceutical company saw its shares rise 8% yesterday. Investors will be hoping this is the start of a rebound, as its share price remains down 26% year to date. 

Last month, Canaccord Genuity placed a price target of $8.41 on the healthcare stock. 

This price target is 200% higher than current levels. 

The post Are these ASX shares a buy, hold or sell after jumping 8% or more? appeared first on The Motley Fool Australia.

However it wasn't all doom and gloom. 

Several ASX materials stocks shot higher, including: 

• Lynas Rare Earths Ltd (ASX: LYC) up 5%
• Elevra Lithium (ASX: ELV) jumped 5%
• Brazilian Rare Earths (ASX: BRE) climbed almost 10%. 

These companies have now all doubled in the last 12 months. 

Let's see what was behind the strong start to the week for these ASX materials stocks, and if there is more upside. 

Brazilian Rare Earths rockets on expansion news 

Brazilian Rare Earths operates as a mineral exploration company. It focuses on the discovery and development of mineral resources in Brazil. 

Following yesterday's impressive 10% rise, it is now up more than 200% in the last two years. 

Investors were gobbling up this ASX materials stock yesterday after it announced the spin-off of its aluminium business. 

Brazilian Rare Earths plans to demerge its Amargosa bauxite and gallium project into a new company through an initial public offering worth up to $50 million.

The company said the move separates two large-scale, strategically important mineral platforms with different development pathways.

At the time of writing, this ASX materials stock is trading for approximately $5.87. 

However in good news for prospective investors, experts are tipping more upside, including an $8 price target from Canaccord. 

This target is still 36% higher than current levels. 

Lynas still has upside 

Lynas is primarily involved in the exploration, development, and processing of rare earth minerals in Australia and Malaysia. 

It sits at the centre of a critical supply chain: rare earth magnets. 

These are used in electric vehicles, wind turbines, and advanced electronics.

It is one of the few major rare earths producers outside China, which has helped it benefit from geopolitical concerns around supply security and diversification.

After yesterday's 5% rise, it is now up 150% in the last 12 months and closed yesterday at $18.93. 

However 15 analyst forecasts via TradingView have an average price target of $22.45 on this ASX materials stock – indicating a further 18% upside. 

Elevra Lithium can keep rising

Elevra is an emerging lithium producer focused on sourcing and developing the raw materials needed to construct lithium-ion batteries, primarily lithium and graphite.

Like many lithium shares, it has benefited from surging oil costs, which has reignited the appeal for alternative energy sources.

After yesterday's rise, it is now up 380% in the last year. 

According to analyst forecasts via TradingView, it has another 30% upside to reach fair value. 

The post Can these soaring ASX materials stocks keep rising? appeared first on The Motley Fool Australia.

New money raised at a discount

The company said in a statement to the ASX on Tuesday that it had raised the money at $12.20 per share, pushing its shares as low as $12.20 before they recovered to be 8.1% lower at $12.62.

The company said the placement received strong support from existing shareholders, "and a high-quality cohort of new domestic and global institutional investors, reflecting recognition of the company's accelerated North American Lithium (NAL) Brownfield expansion strategy and key Moblan technical and pre-development workstreams to FID (final investment decision)".

Existing Elevra shareholders will also be able to apply for new shares at the offer price, with $20 million in new shares available under the share purchase plan.

The company also announced on Monday that it had struck an agreement with the Canada Growth Fund for $146 million in convertible notes.

The company said regarding the overall funding package:

The Strategic Financing Package has been structured to provide Elevra with a high degree of funding certainty and balance sheet flexibility through a transformational phase of growth. Together, the fully underwritten Placement, strategic Convertible Notes investment and SPP will fully fund the NAL Brownfield Expansion project, alongside fund key Moblan technical and pre-development activities through to FID while maintaining prudent liquidity and optionality through market cycles. Importantly, the NAL expansion will deliver accelerated production growth, improving mill throughput and driving meaningful unit cost reductions. This investment underpins Elevra's transition towards a lower cost, resilient, sustainable, and globally relevant lithium producer, enhancing cash flow generation and competitiveness across a range of lithium price environments.

Elevra Managing Director Lucas Dow said finalising the funding was an important milestone.

He added:

This financing marks a key inflection point for Elevra, delivering full funding certainty across the three stages of the NAL Brownfield Expansion while preserving balance sheet flexibility at a critical point in our growth trajectory. With strong strategic support from Canada Growth Fund, we are well positioned to execute our near-term growth plans, materially increasing production scale while reducing unit costs. Together with advancing Moblan toward development, this transaction sets the stage to fundamentally reshape Elevra into a larger, more resilient, globally competitive lithium producer.

Shares performing strongly

Elevra has raised the money close to its year-highs, with the stock appreciating from as low as $2.10 over the past 12 months to $13.74 before the placement, close to the year-high of $14.06.

Elevra is valued at $2.33 billion.

The post Why are shares in this major ASX lithium company down almost 10% today? appeared first on The Motley Fool Australia.

At the time of writing: 

• Elevra Lithium Ltd (ASX: ELV) is up 7% to fresh highs of $13.80
• SKS Technologies Group Ltd (ASX: SKS) is up 1.6% to $7.20
• Vitrafy Life Sciences Ltd (ASX: VFY) is up 10% to $2.19

These ASX shares are now hitting fresh yearly highs. Many investors might now be questioning if it's too late to gain positions in these companies. 

Let's see what analysts are projecting. 

Elevra Lithium

Elevra Lithium engages in the exploration, development, and mining of lithium raw materials. Its portfolio includes projects in Québec, Canada, the United States, Ghana, and Western Australia. 

It has been one of the many ASX lithium shares charging higher this year. 

A key catalyst has been the global oil shock linked to the Iran conflict, which has increased interest in electric vehicles (EVs) as an alternative to expensive fossil fuels. This shift is boosting expected demand for lithium, a critical battery material.

At the time of writing, this ASX lithium stock is up 72% year to date. 

However, experts are suggesting that there is limited further upside. 

The average analyst forecast via TradingView indicates a fair price target of $14.03. 

This is just 2% higher than today's share price. 

SKS Technologies

SKS Technologies engages in the development and distribution of technology products. It provides audiovisual products & solutions and electrical and communications cabling for the commercial, retail, health, defence, and education markets.

It has been drawing positive outlooks from brokers thanks to its exposure to the booming data centre (DC) market.

At the time of writing, it is up 81% year to date and sits at $7.18 per share. 

This is significantly above recent price targets from Morgans, which recently retained its accumulate rating on its shares with a revised price target of $6.70.

Other analysts' ratings are hovering around $6.47 per share, which is 9.8% below current levels. 

Vitrafy Life Sciences

Vitrafy Life Sciences developed a range of proprietary smart cryopreservation hardware devices and Lifechain, an integrated, cloud-based software platform, to provide a complete, vertically integrated cryopreservation solution to retain the quality of cryopreserved biomaterials.

At the time of writing, its share price is up 71% year to date. 

Unlike the previous two ASX shares mentioned above, VFY shares may still have modest upside. 

According to analyst ratings via TradingView, VFY could rise a further 6% from current levels. 

The post What are brokers saying about these ASX shares hitting 52-week highs appeared first on The Motley Fool Australia.

Four of the fastest rising 10 stocks on the S&P/ASX 200 Index (ASX: XJO) today are lithium shares.

The best performer is diversified miner Mineral Resources Ltd (ASX: MIN), up 6.1% to $62.97 per share.

Next is lithium and nickel producer IGO Ltd (ASX: IGO), up 5.7% to $9.23 per share.

The Liontown Ltd (ASX: LTR) share price is 5.3% higher on Friday at $2.18.

The market's largest pure-play lithium company, PLS Group Ltd (ASX: PLS), cracked a new record at $6.14 today.

The PLS Group share price is currently $6.01, up 5.3%.

Among the smaller players outside the ASX 200, Elevra Lithium Ltd (ASX: ELV) shares hit a 52-week high of $10.39.

The Elevra Lithium share price is currently $10.31, up 11.9%.

Core Lithium Ltd (ASX: CXO) shares are up 9.4% to 37 cents apiece.

Lake Resources NL (ASX: LKE) shares are 7.6% higher at 9.9 cents.

What's driving ASX lithium shares higher?

Experts say the Iran war and ensuing global oil shock are reminding us of the value of electric vehicles (EV).

The lithium carbonate price has risen 9% this week and is up 43% year to date (YTD), according to Trading Economics data.

Analysts at Trading Economics say lithium prices are rising on a bullish future outlook.

Chinese EV manufacturer BYD announced it expects to sell more EVs this year due to the oil shock.

BYD has raised its 2026 sales forecast to 1.5 million units, up from the January estimate of 1.3 million units.

The analysts said:

The surge in crude oil and product prices since the start of March supported the outlook for larger economies to favor new energy vehicles, which use batteries that take lithium as a major input.

Demand also remained supported by Chinese investment in power infrastructure, recently exemplified by the announcement of higher power storage spending.

This was combined with Beijing stating it would double national EV charging capacity to 180 gigawatts by 2027, supporting lithium-rich energy storage systems.

In the meantime, Zimbabwe suspended exports of lithium concentrates and other raw materials to stimulate refining in the country.

Oil shock a tailwind for lithium prices

Lithium prices were already rebounding from a painful two-year downward spiral before the war in Iran began.

We have seen a rapid turnaround in lithium prices from mid-2025.

Supply/demand rebalanced after a long period of oversupply last year.

We also saw the impact of the green energy transition finally bleed through to markets in 2025.

Other commodity prices joined lithium in an upward surge in 2025 as the world began building new power infrastructure at scale.

The lithium carbonate price lifted to a two-year high of about US$26,200 per tonne in January.

It endured a short, sharp fall to just below US$20,000 in early February as part of a broader metals and minerals rout.

Today, the lithium carbonate price is US$24,850, representing a 43% year-to-date gain.

Lithium spodumene is up from about US$600 per tonne in June 2025 to US$2,415 per tonne today.

The post ASX lithium shares rally as oil shock highlights EV appeal appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Elevra Lithium Ltd (ASX: ELV)

The Elevra Lithium share price is up 6% to $7.60. This morning, this lithium miner announced a non-binding agreement to supply Mangrove Lithium with spodumene concentrate produced at North American Lithium. A binding definitive agreement rests on a final investment decision by Mangrove Lithium for construction of a lithium conversion facility and the agreement on the final terms of the deal. If all goes ahead, Elevra would supply 140,000 tonnes per year of spodumene concentrate to Mangrove Lithium at market related prices, subject to a floor and ceiling price.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is up almost 2% to $163.90. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has upgraded the health imaging technology company's shares to a buy rating with a $290.00 price target. It said: "Pro Medicus provides that infrastructure, so, in many ways the acceleration toward AI potentially makes its business case more compelling as a product versus peers – at least in the medium term."

Sims Ltd (ASX: SGM)

The Sims share price is up 3% to $21.26. After the market close on Monday, this scrap metal company revealed that it has entered into an agreement to purchase assets of TCT Trading for US$66.5 million. It advised that this is seen as a key component to consolidating its Houston operations and significantly reducing its operating cost base. The company has also entered into an agreement to sell its nearby Mayo Shell property in Houston.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is up 6% to $5.48. This follows news that the wine giant has reached a settlement with Republic National Distributing Company (RNDC) in California. This follows RNDC's decision to exit the California market last year. Treasury Wine will repurchase its Treasury Americas portfolio inventory held by RNDC in California at original sale value. In addition, the company advised that it now expects first-half EBITS of approximately $236 million. This compares favourably to its previous guidance range of $225 million to $235 million.

The post Why Elevra Lithium, Pro Medicus, Sims, and Treasury Wine shares are roaring higher appeared first on The Motley Fool Australia.