Hedge Fund Hunts for Next Australia Lithium Winner on Deal...

Hedge Fund Hunts for Next Australia Lithium Winner on Deal Craze
Georgina McKayTue, October 24, 2023 at 11:00 PM GMT+3· 3 min read

https://finance.yahoo.com/news/hedge-fund-hunts-next-australia-200000744.html?.tsrc=fin-srch

(Bloomberg) -- A veteran Australian hedge fund manager is scoping out shares of potential takeover
targets in the domestic lithium sector, betting that the recent flurry of deals will boost valuations.
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Although lithium prices have faltered recently, “the longer term story is still very intact,” King said. “
Every single major motor vehicle manufacturer in the world is either producing or going to produce
electric vehicles, and that’ll continue to mean that the demand for lithium will grow strongly.”
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“We’re going to see another wave of consolidation,” he said.
“We’re focused on those companies that we think are targets.”