Balanced Portfolio - Reduce Pilbara Minerals (PLS)
Date: 18/1/2024
*** GENERAL AVICE ONLY***
Pibara Minerals (PLS) Reduce from 5.5% holding to 3%
Pilbara is one of our favourites and has been a big winner for us over the last 3 years. Despite this the headwinds have become too great in the medium term with lithium prices falling 78% in the last 12 months.
While we would like to keep a small core holding in PLS, due to our long term view on lithium and the EV market, our combined holdings in MIN and PLS of 9.5% is too high given current market conditions.
With a supply gap for lithium expected in the coming 2 years, we will of course look to buy PLS lower if given the opportunity
Pilbara Minerals (PLS) – Trim 45% of holding (2.5% of total portfolio) 15% loss
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.