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flag L1 Capital boosts stake in struggling Mineral Resources despite sector challenges and skepticism.

flag L1 Capital has increased its stake in Mineral Resources (MinRes) to 9.19%, investing over A$50 million despite MinRes's financial struggles and a downgrade in the S&P Dow Jones ASX indices. flag The hedge fund's confidence contrasts with Citi's skepticism about MinRes's prospects. flag Meanwhile, the lithium sector faces challenges, with several lithium companies being removed from key indices, impacting their market status.

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