Wildcat Resources should be on the radar of investors as lithium tailwinds strengthen, says Euroz Hartleys. Lithium's appeal has grown as the Middle East conflict drives demand for electric vehicles and batteries. Spodumene prices have rebounded to US$2,450/ton in China, from below US$1,000/ton in November. Analyst Michael Scantlebury points out that PLS Group is at an all-time high among lithium producers, while Liontown Resources now has a market value of A$7.5 billion. "In our view, the more compelling opportunity sits in high-quality developers such as Wildcat," Euroz Hartleys says. At spot spodumene prices, Wildcat's net present value is A$1.49/share, or A$2.9 billion. Euroz Hartleys almost doubles its price target for Wildcat to A$1.21/share. Wildcat ended Thursday at A$0.585. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 30, 2026 19:20 ET (23:20 GMT)
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