Lithium chemical prices are still on a slippery slope. Pic: via Getty Images
Mining
All your lithium news, Thursday March 30.
Despite all the buzz about lithium from Liontown rejecting Albermarle’s takeover bid and Pilbara Minerals committing to a big capacity expansion, Chinese lithium chemical prices have fallen again during the assessment period March 22-29, 2023, on the back of sustained sluggish demand from battery-end markets.
Cathode manufacturers continued to destock lithium inventories with some adopting a just-in-time approach to procuring lithium chemicals, purchasing material only to fulfil orders, rather than maintaining an inventory buffer.
Some electric vehicle manufacturers in China have also reportedly reduced employee working hours due to quiet market activity.
Benchmark Mineral Intelligence noted that lithium carbonate prices had dropped 10.6% to US$41,975/t while lithium hydroxide was down 4.5% to US$55,100/t.
Hydroxide prices in Asia remained stable week-on-week as low spot market liquidity led to insufficient trades being recorded.
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| LIS | Lisenergylimited | 0.2725 | 24% | $36,501,121 |
| ADV | Ardiden Ltd | 0.007 | 17% | $16,130,012 |
| PNN | Power Minerals Ltd | 0.345 | 15% | $21,673,753 |
| XTC | Xantippe Res Ltd | 0.0045 | 13% | $42,320,399 |
| VSR | Voltaic Strategic | 0.018 | 13% | $4,916,803 |
| IPT | Impact Minerals | 0.01 | 11% | $22,332,335 |
| LPD | Lepidico Ltd | 0.011 | 10% | $76,377,717 |
| EFE | Eastern Resources | 0.011 | 10% | $12,419,465 |
| GT1 | Greentechnology | 0.735 | 10% | $127,794,723 |
| QXR | Qx Resources Limited | 0.034 | 10% | $27,802,732 |
| WML | Woomera Mining Ltd | 0.012 | 9% | $10,517,773 |
| RAS | Ragusa Minerals Ltd | 0.079 | 9% | $10,338,412 |
| DTM | Dart Mining NL | 0.062 | 9% | $8,870,372 |
| WR1 | Winsome Resources | 1.775 | 8% | $267,353,653 |
| LKE | Lake Resources | 0.4825 | 7% | $640,100,118 |
| TMB | Tambourahmetals | 0.092 | 7% | $3,542,563 |
| GL1 | Globallith | 1.375 | 7% | $274,993,500 |
| LPI | Lithium Pwr Int Ltd | 0.325 | 7% | $191,874,756 |
| GW1 | Greenwing Resources | 0.2075 | 6% | $29,004,691 |
| WCN | White Cliff Min Ltd | 0.0085 | 6% | $6,272,435 |
| CZL | Cons Zinc Ltd | 0.017 | 6% | $7,717,725 |
| ARN | Aldoro Resources | 0.18 | 6% | $19,195,094 |
| PAT | Patriot Lithium | 0.27 | 6% | $15,526,313 |
| LEL | Lithenergy | 0.64 | 6% | $36,390,750 |
| TYX | Tyranna Res Ltd | 0.019 | 6% | $43,315,656 |
| LNR | Lanthanein Resources | 0.019 | 6% | $20,188,360 |
| INR | Ioneer Ltd | 0.3 | 5% | $598,026,406 |
| MLS | Metals Australia | 0.04 | 5% | $23,067,375 |
| AM7 | Arcadia Minerals | 0.21 | 5% | $9,339,578 |
| CRR | Critical Resources | 0.043 | 5% | $65,384,950 |
| BNR | Bulletin Res Ltd | 0.087 | 5% | $24,368,061 |
| JRL | Jindalee Resources | 2.62 | 5% | $143,447,415 |
| AS2 | Askarimetalslimited | 0.44 | 5% | $20,788,962 |
| TEM | Tempest Minerals | 0.022 | 5% | $10,636,560 |
| MTM | Mtmongerresources | 0.11 | 5% | $7,429,826 |
| QPM | Queensland Pacific | 0.115 | 5% | $192,098,271 |
| EUR | European Lithium Ltd | 0.0655 | 4% | $93,822,068 |
| ZEO | Zeotech Limited | 0.059 | 4% | $93,520,223 |
| INF | Infinity Lithium | 0.165 | 3% | $74,014,735 |
| CHR | Charger Metals | 0.33 | 3% | $13,988,598 |
| ASN | Anson Resources Ltd | 0.185 | 3% | $219,394,275 |
| MM1 | Midasmineralsltd | 0.195 | 3% | $10,855,035 |
| SYA | Sayona Mining Ltd | 0.205 | 3% | $1,777,091,706 |
| MXR | Maximus Resources | 0.041 | 3% | $12,762,231 |
| PLL | Piedmont Lithium Inc | 0.845 | 2% | $357,042,675 |
| GLN | Galan Lithium Ltd | 1.075 | 2% | $322,261,175 |
| VUL | Vulcan Energy | 5.69 | 2% | $797,500,274 |
| NVA | Nova Minerals Ltd | 0.45 | 2% | $92,791,501 |
| LRS | Latin Resources Ltd | 0.1175 | 2% | $253,190,316 |
| A11 | Atlantic Lithium | 0.49 | 2% | $290,755,997 |
| RIO | Rio Tinto Limited | 117.12 | 2% | $42,756,683,529 |
| SCN | Scorpion Minerals | 0.068 | 1% | $23,162,315 |
| FBM | Future Battery | 0.079 | 1% | $33,371,920 |
| NMT | Neometals Ltd | 0.6025 | 1% | $328,881,000 |
| CXO | Core Lithium | 0.87 | 1% | $1,595,314,443 |
| LLL | Leolithiumlimited | 0.495 | 1% | $483,461,887 |
| AKE | Allkem Limited | 12.03 | 1% | $7,607,260,966 |
| PLS | Pilbara Min Ltd | 3.97 | 1% | $11,812,173,265 |
| AML | Aeon Metals Ltd. | 0.022 | 0% | $24,120,814 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| LTR | Liontown Resources | 2.59 | 0% | $5,693,997,499 |
| PSC | Prospect Res Ltd | 0.155 | 0% | $71,650,217 |
| RLC | Reedy Lagoon Corp. | 0.008 | 0% | $4,533,757 |
| TKL | Traka Resources | 0.006 | 0% | $4,336,647 |
| TON | Triton Min Ltd | 0.029 | 0% | $40,100,741 |
| BMM | Balkanminingandmin | 0.23 | 0% | $10,297,563 |
| AAJ | Aruma Resources Ltd | 0.06 | 0% | $9,417,690 |
| PAM | Pan Asia Metals | 0.32 | 0% | $49,633,789 |
| AX8 | Accelerate Resources | 0.025 | 0% | $9,440,044 |
| BYH | Bryah Resources Ltd | 0.022 | 0% | $6,187,576 |
| EMS | Eastern Metals | 0.062 | 0% | $2,421,994 |
| FG1 | Flynngold | 0.079 | 0% | $8,127,009 |
| IMI | Infinitymining | 0.18 | 0% | $13,766,097 |
| MMC | Mitremining | 0.275 | 0% | $10,514,653 |
| RAG | Ragnar Metals Ltd | 0.015 | 0% | $5,687,773 |
| CTN | Catalina Resources | 0.006 | 0% | $7,430,921 |
| AZL | Arizona Lithium Ltd | 0.053 | 0% | $142,621,183 |
| KGD | Kula Gold Limited | 0.016 | 0% | $5,779,391 |
| ENT | Enterprise Metals | 0.008 | 0% | $5,640,646 |
| PGD | Peregrine Gold | 0.405 | 0% | $15,886,057 |
| AVW | Avira Resources Ltd | 0.002 | 0% | $4,267,580 |
| RDT | Red Dirt Metals Ltd | 0.37 | 0% | $164,615,771 |
| MQR | Marquee Resource Ltd | 0.019 | 0% | $6,216,943 |
| SRZ | Stellar Resources | 0.011 | 0% | $11,050,940 |
| LSR | Lodestar Minerals | 0.005 | 0% | $8,692,187 |
| AOA | Ausmon Resorces | 0.0045 | 0% | $4,361,802 |
| VKA | Viking Mines Ltd | 0.0115 | 0% | $11,790,472 |
| SRI | Sipa Resources Ltd | 0.023 | 0% | $5,247,637 |
| VMC | Venus Metals Cor Ltd | 0.145 | 0% | $25,821,409 |
| RGL | Riversgold | 0.016 | 0% | $15,127,483 |
| G88 | Golden Mile Res Ltd | 0.015 | 0% | $3,068,846 |
| EPM | Eclipse Metals | 0.018 | 0% | $36,505,076 |
| EVR | Ev Resources Ltd | 0.015 | 0% | $14,039,761 |
| WC8 | Wildcat Resources | 0.028 | 0% | $18,536,636 |
| THR | Thor Energy PLC | 0.0045 | 0% | $6,651,508 |
| M2R | Miramar | 0.042 | 0% | $3,281,113 |
| LLI | Loyal Lithium Ltd | 0.32 | 0% | $19,036,800 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| AUN | Aurumin | 0.031 | 0% | $6,130,505 |
| DAF | Discovery Alaska Ltd | 0.03 | 0% | $6,727,041 |
| FTL | Firetail Resources | 0.1 | 0% | $6,500,000 |
| IR1 | Irismetals | 1.16 | 0% | $74,506,800 |
| DAL | Dalaroometalsltd | 0.06 | 0% | $1,792,500 |
| TKM | Trek Metals Ltd | 0.069 | 0% | $25,112,211 |
| TUL | Tulla Resources | 0.255 | 0% | $82,060,021 |
| CMD | Cassius Mining Ltd | 0.02 | 0% | $8,169,858 |
| LLO | Lion One Metals Ltd | 0.93 | 0% | $11,168,336 |
| IGO | IGO Limited | 12.665 | 0% | $9,609,728,547 |
| ESS | Essential Metals Ltd | 0.4875 | -1% | $131,107,680 |
| WES | Wesfarmers Limited | 49.77 | -1% | $56,733,641,223 |
| AGY | Argosy Minerals Ltd | 0.4525 | -1% | $639,005,412 |
| DRE | Dreadnought Resources Ltd | 0.0645 | -1% | $214,092,334 |
| MNS | Magnis Energy Tech | 0.2525 | -1% | $257,634,528 |
| MIN | Mineral Resources. | 79.88 | -1% | $15,569,097,341 |
| EMH | European Metals Hldg | 0.615 | -2% | $79,378,369 |
| GSM | Golden State Mining | 0.036 | -3% | $4,329,526 |
| A8G | Australasian Metals | 0.175 | -3% | $7,410,689 |
| LIT | Lithium Australia | 0.034 | -3% | $42,741,709 |
| STM | Sunstone Metals Ltd | 0.034 | -3% | $91,715,625 |
| OCN | Oceanalithiumlimited | 0.32 | -3% | $12,400,245 |
| CAI | Calidus Resources | 0.2325 | -3% | $105,492,202 |
| KTA | Krakatoa Resources | 0.029 | -3% | $10,341,298 |
| KZR | Kalamazoo Resources | 0.125 | -4% | $19,476,519 |
| CY5 | Cygnus Metals Ltd | 0.23 | -4% | $44,129,811 |
| FRS | Forrestaniaresources | 0.091 | -4% | $5,784,674 |
| AZI | Altamin Limited | 0.0695 | -5% | $28,595,323 |
| 1MC | Morella Corporation | 0.0095 | -5% | $60,985,804 |
| KAI | Kairos Minerals Ltd | 0.018 | -5% | $37,317,776 |
| SGQ | St George Min Ltd | 0.054 | -5% | $47,909,101 |
| ZNC | Zenith Minerals Ltd | 0.17 | -6% | $63,307,088 |
| LRV | Larvottoresources | 0.155 | -6% | $11,097,029 |
| ALY | Alchemy Resource Ltd | 0.014 | -7% | $17,671,144 |
| LRD | Lordresourceslimited | 0.205 | -7% | $7,971,067 |
| NWM | Norwest Minerals | 0.027 | -7% | $7,173,765 |
| EMC | Everest Metals Corp | 0.069 | -8% | $7,982,483 |
| RMX | Red Mount Min Ltd | 0.003 | -25% | $9,087,404 |
| MRR | Minrex Resources Ltd | 0.017 | -26% | $24,951,953 |
Lithium continued to outperform with 58 companies in the green while another 50 companies ended the day flat. Just 29 companies were swimming in red.
Askari Metals has completed the acquisition of an initial 80% interest in EPL 8535, which forms part of the Uis lithium project in Namibia where reverse circulation exploration drilling is currently underway.
Completion of the acquisition of an initial 90% interest in EPL 7345 is progressing well and expected to be completed shortly.
The current drill program is aimed at demonstrating the potential scale of mineralisation at Uis.
Due diligence sampling in EPL 8535 had returned assay results of up to 3.3% lithium oxide, 3.2% tin, 4,280 parts per million tantalum and 7,980ppm rubidium.
Patriot has continued its string of drilling successes with its latest results extending the high-grade Nova zone within its Corvette property in Quebec, Canada, to the east.
Notable results include: 83.7m at 3.13% Li2O (222.7m to 306.4m), including 19.8m at 5.28% Li2O and 5.1m at 5.17% Li2O (CV23-105), and 132.2m at 1.22% Li2O (274.1m to 406.3m), including 1AS1.2m at 2.99% Li2O and 6.0m at 2.92% Li2O (CV23-106).
Drilling is continuing to delineate the Nova Zone and overall CV5 Pegmatite with six rigs currently active.
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