Lithium Battery, Imerys

Ever Thought of Imerys as a Lithium Mining Stock?  

Imerys is a world-leading speciality minerals supplier company with large exposure to the construction (30%), consumer goods (21%), iron & steel (16%), auto (13%), and paper (9%) sectors in the US, Europe, and emerging markets. But, have you ever thought of Imerys as a lithium mining stock?  

When we picked up the Lithium story in our special report on Imerys (dated 14/09/2022), we believed that Imerys share price momentum might take a sharp U-turn.  

And indeed, it did shoot up by 34% since we published our special report.  

The skyrocketing share price took a short break on the 2nd of November 2022, when Imerys released its Q3 earnings. The overall result was good but the market got scared due to the softness in demand (which we already anticipated). However, we are less worried since the company will highlight its strategy for FY23-25 on CMD (Capital Markets Day) on the 7th of November and will comment on its capital allocation strategy going forward.  

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