I think MIN is still very correlated to the lithium stocks. Here is a 15 minute chart of the last month of MIN compared to Pilbara Minerals (PLS). PLS is the blue line. Its a very close correlation. If you do the same with MIN and FMG or MIN and BHP there is very little correlation. I know the story is that MIN is reinventing itself as an iron ore miner but i think the market still sees it very much as a Lithium stock. That recent dip to $18.50 was very correlated to a dip in PLS and Lithium stocks more generally. You could argue that going forward MIN should not be so correlated to Lithium stock price movements.
MIN Price at posting:
$23.68 Sentiment: Hold Disclosure: Held
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