SYDNEY, March 4, 2026, 18:09 (AEDT) — Market closed
Shares of Mineral Resources Ltd (ASX: MIN) ended 0.6% lower at A$55.71 on Wednesday, after swinging between A$54.83 and A$57.56 during the session. The company has a market value of about A$11.0 billion, according to Google Finance data. 1
The move comes as investors recalibrate the path for Australian interest rates after GDP data showed the economy grew 0.8% in the December quarter and 2.6% over the year, the fastest annual pace since early 2023. Stephen Smith, a partner at Deloitte Access Economics, said the figures would keep the Reserve Bank of Australia “on high alert” and lift the odds of a rate rise in May, even as markets still put the chance of a March hike at about 30%. 2
Energy has been the other live wire. Brent crude was up 1.9% at $82.94 a barrel on Wednesday, the highest since July 2024, after strikes on Iran disrupted exports and pushed investors back into a defensive crouch, Reuters reported. “The impact of the Iran war on EUR/USD boils down to one thing: energy,” Deutsche Bank’s George Saravelos wrote. 3
MinRes on Tuesday highlighted record first-half volumes and earnings at its wholly owned CSI Mining Services unit, saying the broader Mining Services division produced 166 million tonnes and generated EBITDA of $488 million, up 29% from a year earlier. CEO of Mining Services Mike Grey said the group “delivered an exceptional result” in the first half of FY26 as it expanded crushing capacity and deployed next-generation crushers at the Onslow Iron project. (EBITDA is earnings before interest, taxes, depreciation and amortisation.) 4
CSI’s mining services work tends to be steadier than commodity-linked earnings, but it still sits in the same market tape as iron ore and lithium when risk appetite breaks down. Rate expectations and diesel costs can move faster than fundamentals.
The stock remains volatile. Mineral Resources fell 6.1% in the previous session, closing at A$56.04, according to Reuters data. 5
With the cash market shut, traders head into Thursday watching oil prices, bond yields and whether rate-hike pricing firms into the RBA’s March 16-17 meeting. If that tape stays heavy, miners and contractors can struggle to hold gains even on decent operational updates.
But the downside case is easy to sketch. A longer disruption in the Gulf can push energy and freight costs higher, while tighter monetary policy can cool demand and compress valuations. For MinRes, any stumble in project execution or a swing in lithium sentiment can still bite.
The next company catalyst on the calendar is MinRes’ March-quarter report, due April 30, followed by its June-quarter update on July 29 and full-year results on Aug. 27, the company’s investor calendar shows. 6
