Lithium miners: MinRes, Pilbara and Piedmonth see PT hikes by Macquarie

Analysts at Macquarie lift price targets on Australia's major lithium miners, including Mineral Resources MIN.AX, Pilbara Minerals PLS.AX and Piedmont Lithium PLL.O, PLL.AX

Increases PT on MIN by 8% to A$39 with short to medium-term spodumene price increase expectations, which would help the highly leveraged stock to deleverage at a faster pace

Raises PT on PLS by 9% to A$2.40, owing to estimation of higher spodumene prices

Lifts PT on PLL by 19% to A$0.25

Brokerage says demand growth for spodumene is set to be dominated by electric vehicles and industrial battery growth

Increases price outlook by 9% in CY25 to $886/ton CIF China for spodumene

Macquarie expects a market deficit in spodumene to emerge in 2029, requiring inducement pricing to balance the market