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L1 Capital boosts stake in struggling Mineral Resources despite sector challenges and skepticism.
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.
The hedge fund's confidence contrasts with Citi's skepticism about MinRes's prospects.
Meanwhile, the lithium sector faces challenges, with several lithium companies being removed from key indices, impacting their market status.
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L1 Capital aumenta la participación en la lucha por los recursos minerales a pesar de los desafíos del sector y el escepticismo.