• Both lithium spot and futures prices have been rallying in the Chinese market and continue to do so today

• This is leading analysts to cautiously suggest a lithium recovery

• Meanwhile, nickel’s loss is lithium’s gain – per MinRes and Poseidon deal

 

The lithium market is “levelling out” as Stockhead‘s ‘Garimpeiro’ columnist Barry FitzGerald recently noted.

Is that the same as bottoming out, which seems like the slightly more bullish term for it?

What the hell, let’s call it here. The chart below sure looks bottom-y to us. (Annnd… cue black swan event for lithium globally any moment now we’ve said that, then.)

March has been a very good month for the price of lithium so far, registering the first notable increase in Chinese domestic lithium prices in quite a while.

As the Lithium Price Bot tells us, battery grade lithium carbonate is now up 14% YTD, even if spodumene is well down in comparison.

According to Benchmark Mineral Intelligence, the upturn in lithium carbonate in China is being driven by purchases from cathode manufacturers expecting higher cell production this month.

“However, further price strengthening is needed to secure new lithium capacity capable of narrowing future deficits, continued the Benchmark analysis.

“A third of forecast production from projects under development need higher prices to incentivise expansions, according to Benchmark data.”

 

MinRes to buy Poseidon nickel plant to process lithium

One of the most major pieces of lithium-related news anywhere in the world today centred around Mineral Resources’ (ASX:MIN) newly cemented deal with Poseidon Nickel (ASX:POS), with the latter agreeing to sell its Lake Johnston concentrator plant and tenements in the Goldfields region of WA.

And that’s a sale/cash injection for POS worth $15 million, with exposure to future lithium and nickel exploration and production as a further upside part of the deal for the down-trending (YTD -33%) junior nickel hunter.

The Lake Johnston region is emerging as an exciting major lithium province following potentially significant discoveries that sent investors into a frenzy and caught the eye of the majors.

MinRes’ billionaire founder and MD Chris Ellison clearly has high conviction in the lithium narrative in the Lake Johnston region, where his company operates the Mt Marion and Bald Hill lithium mines.

MinRes now plans to develop this newly acquired infrastructure into a pumping processing hub for its considerable assets in the area.

Nickel’s loss is lithium, via MinRes’s, gain.

 

ASX lithium form guide

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at about 3.30pm.) 

Stocks missing from this list? Email [email protected]

CODE COMPANY 24 HR WEEK MONTH YEAR PRICE MARKET CAP
ADV Ardiden Ltd 3% 7% -6% -49% 0.155 $9,377,626
AGY Argosy Minerals Ltd -11% 3% 60% -74% 0.16 $252,793,350
1MC Morella Corporation 0% -14% -25% -63% 0.003 $18,536,398
AML Aeon Metals Ltd. 17% 17% 0% -72% 0.007 $6,578,404
ASN Anson Resources Ltd -2% -15% 12% -58% 0.093 $122,239,180
AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203
CXO Core Lithium -14% -26% -26% -82% 0.155 $384,648,398
EMH European Metals Hldg 7% 10% -16% -47% 0.32 $37,314,177
EUR European Lithium Ltd 3% -9% -27% -7% 0.063 $85,048,590
GLN Galan Lithium Ltd -6% -7% 27% -65% 0.38 $157,683,447
INF Infinity Lithium 0% 0% -3% -24% 0.076 $35,156,999
INR Ioneer Ltd -2% 8% 30% -46% 0.1625 $348,482,004
JLL Jindalee Lithium Ltd -1% -1% 2% -70% 0.77 $47,182,291
LIT Lithium Australia 4% 7% 7% -22% 0.029 $34,224,167
LKE Lake Resources -3% -38% -29% -87% 0.071 $103,957,147
LPD Lepidico Ltd 20% 0% 0% -50% 0.006 $38,191,540
LPI Lithium Pwr Int Ltd 0% 0% 4% 95% 0.565 $361,898,974
LTR Liontown Resources 3% -1% 23% -11% 1.2925 $3,029,060,654
MIN Mineral Resources. 0% -2% 16% -18% 66.02 $12,864,737,469
MLS Metals Australia -4% -12% -24% -48% 0.022 $16,269,499
AKE Allkem Limited 0% -100% -100% -100% 0 $6,304,350,967
PLL Piedmont Lithium Inc -3% -12% -8% -78% 0.185 $72,928,175
PLS Pilbara Min Ltd 1% -2% 14% 7% 3.95 $11,767,019,665
QPM Queensland Pacific 5% 7% 25% -55% 0.045 $86,539,233
PSC Prospect Res Ltd 0% 8% 8% -58% 0.079 $36,603,225
RLC Reedy Lagoon Corp. 0% 0% -20% -31% 0.004 $2,478,163
SYA Sayona Mining Ltd 0% -2% -22% -81% 0.04 $411,731,841
TKL Traka Resources 0% 33% 0% -58% 0.002 $3,501,317
TON Triton Min Ltd 0% 0% -12% -48% 0.015 $23,420,890
VUL Vulcan Energy -8% 18% 52% -48% 3.15 $586,768,957
GL1 Globallith -3% -8% 21% -58% 0.57 $152,255,200
BMM Balkanminingandmin 0% -1% 0% -75% 0.068 $4,830,755
LEL Lithenergy -3% -1% 57% -9% 0.58 $61,290,950
ARN Aldoro Resources 0% 0% -18% -64% 0.082 $11,039,147
NMT Neometals Ltd -12% -9% -3% -77% 0.145 $102,763,702
IGO IGO Limited 3% -2% 11% -39% 7.645 $5,596,209,138
AAJ Aruma Resources Ltd 0% -6% 13% -71% 0.017 $3,347,156
PAM Pan Asia Metals 0% 0% 0% -52% 0.16 $26,850,684
AX8 Accelerate Resources 3% 7% 15% 29% 0.031 $18,299,140
AM7 Arcadia Minerals -7% -7% -2% -70% 0.065 $7,633,507
AS2 Askarimetalslimited 0% -1% 8% -83% 0.085 $6,764,956
BYH Bryah Resources Ltd 0% 0% -20% -59% 0.008 $3,483,628
EMS Eastern Metals 0% 7% -28% -53% 0.029 $2,390,361
FG1 Flynngold 0% 2% -22% -47% 0.043 $7,058,059
FRS Forrestaniaresources 0% 0% -5% -80% 0.02 $3,235,715
GSM Golden State Mining 0% 9% 9% -68% 0.012 $3,352,448
IMI Infinitymining 5% 11% -17% -55% 0.079 $8,906,504
LRV Larvottoresources -3% 5% 1% -47% 0.068 $15,652,815
MMC Mitremining 15% 11% 33% 55% 0.34 $26,303,650
RAG Ragnar Metals Ltd 0% 0% -5% 40% 0.02 $9,479,619
CTN Catalina Resources 0% -20% 0% -20% 0.004 $4,953,948
TMB Tambourahmetals -3% 0% 0% -2% 0.084 $7,215,811
TEM Tempest Minerals 0% 13% 29% -61% 0.009 $4,672,120
EMC Everest Metals Corp -1% 1% 4% -1% 0.079 $13,142,649
WCN White Cliff Min Ltd -7% -13% 0% 40% 0.014 $24,365,811
WML Woomera Mining Ltd 0% 0% 0% -67% 0.004 $4,872,556
AZL Arizona Lithium Ltd -4% 13% -10% -46% 0.027 $106,719,689
CRR Critical Resources -3% -6% 11% -61% 0.0155 $28,445,604
KGD Kula Gold Limited -22% -13% -13% -63% 0.007 $4,162,157
LRS Latin Resources Ltd 0% 5% 10% 100% 0.22 $615,872,282
PNN Power Minerals Ltd -5% -17% 9% -55% 0.175 $16,164,579
WR1 Winsome Resources 8% 7% 50% -40% 0.965 $170,752,621
KZR Kalamazoo Resources -2% -3% -23% -38% 0.093 $16,606,336
MTM MTM Critical Metals 1% -6% 7% -35% 0.075 $9,197,930
QXR Qx Resources Limited 6% -11% -23% -48% 0.017 $17,761,246
SCN Scorpion Minerals 4% -13% 40% -56% 0.028 $11,055,317
AZI Altamin Limited 0% -4% 10% -22% 0.053 $23,258,999
ENT Enterprise Metals 0% 0% 0% -63% 0.003 $2,405,913
KAI Kairos Minerals Ltd -4% 4% 4% -13% 0.0135 $36,692,771
STM Sunstone Metals Ltd -8% 0% 10% -65% 0.011 $42,007,819
PGD Peregrine Gold 0% 2% -10% -45% 0.225 $15,205,145
AVW Avira Resources Ltd 0% 0% -50% -50% 0.001 $2,133,790
NVA Nova Minerals Ltd 0% -2% 6% -38% 0.275 $57,994,767
GT1 Greentechnology -3% -16% 24% -77% 0.155 $51,000,336
BNR Bulletin Res Ltd -13% -3% -17% -27% 0.068 $22,901,839
CAI Calidus Resources 0% 14% 10% -30% 0.165 $101,086,600
MRR Minrex Resources Ltd -7% 0% 8% -52% 0.013 $15,188,145
A8G Australasian Metals 0% 0% -32% -47% 0.071 $3,700,555
EFE Eastern Resources -6% 7% -6% -32% 0.0075 $9,935,572
MQR Marquee Resource Ltd 0% 0% 5% -17% 0.02 $8,267,688
SRZ Stellar Resources 7% 15% 114% 36% 0.015 $20,107,963
LSR Lodestar Minerals 0% 0% 0% -56% 0.002 $4,046,795
NWM Norwest Minerals 4% -13% -13% -18% 0.028 $9,702,977
AOA Ausmon Resorces -33% -33% -33% -60% 0.002 $3,176,998
VKA Viking Mines Ltd 0% -9% -17% 0% 0.01 $10,252,584
IPT Impact Minerals -7% 0% 33% 40% 0.014 $42,970,558
SRI Sipa Resources Ltd 0% 12% -14% -17% 0.019 $4,335,005
VMC Venus Metals Cor Ltd -2% -3% -12% 1% 0.088 $17,075,581
RGL Riversgold 0% 0% 0% -50% 0.008 $7,741,292
ZNC Zenith Minerals Ltd 0% 11% -5% -51% 0.1 $35,238,088
RAS Ragusa Minerals Ltd -7% -13% 4% -69% 0.027 $4,135,365
G88 Golden Mile Res Ltd 0% 8% 0% -24% 0.013 $5,345,897
EPM Eclipse Metals 17% 0% 0% -56% 0.007 $12,450,325
EVR Ev Resources Ltd -8% 9% 0% -20% 0.012 $17,176,529
WC8 Wildcat Resources -2% -1% 42% 2366% 0.715 $880,791,938
MNS Magnis Energy Tech 0% 0% 0% -87% 0.042 $50,378,922
RIO Rio Tinto Limited 0% -2% -8% -2% 117.2 $43,413,736,227
THR Thor Energy PLC 0% 0% -11% -44% 0.025 $4,604,303
YAR Yari Minerals Ltd -17% -17% -38% -72% 0.005 $2,894,147
MXR Maximus Resources 0% -3% -11% -3% 0.032 $10,270,265
DRE Dreadnought Resources Ltd -3% -17% -13% -73% 0.0175 $62,668,313
MM1 Midasmineralsltd -6% -6% -18% -47% 0.08 $7,382,016
M2R Miramar 0% 0% -17% -67% 0.015 $2,233,043
LLI Loyal Lithium Ltd -2% 10% 14% 2% 0.285 $24,153,323
LRD Lordresourceslimited 0% -4% -6% -74% 0.051 $1,893,738
WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031
AUN Aurumin -3% -19% -3% 10% 0.034 $12,895,508
ZEO Zeotech Limited -3% 12% 4% -52% 0.028 $50,269,269
ALY Alchemy Resource Ltd 0% -13% -22% -53% 0.007 $8,246,534
LIS Lisenergylimited 0% -7% -7% -45% 0.14 $89,628,032
GW1 Greenwing Resources 0% 1% -15% -71% 0.07 $12,687,604
KTA Krakatoa Resources 0% -18% -44% -71% 0.009 $4,248,965
TYX Tyranna Res Ltd 0% -8% -27% -50% 0.011 $36,161,679
DAF Discovery Alaska Ltd 0% 0% -30% -47% 0.016 $3,747,755
FTL Firetail Resources -12% -24% -8% -63% 0.044 $7,445,278
IR1 Irismetals -2% -26% -20% -62% 0.44 $58,290,742
LNR Lanthanein Resources 0% 0% -50% -82% 0.003 $5,864,727
DAL Dalaroometalsltd -15% -11% -15% -72% 0.017 $1,655,000
TKM Trek Metals Ltd 0% -10% -15% -50% 0.035 $17,957,690
CY5 Cygnus Metals Ltd -4% -19% -34% -84% 0.046 $13,994,839
TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971
WES Wesfarmers Limited -1% -1% 7% 36% 66.405 $76,125,978,765
LLL Leolithiumlimited 0% 0% 0% 4% 0.505 $498,553,663
OCN Oceanalithiumlimited 0% -2% 7% -82% 0.061 $3,298,667
A11 Atlantic Lithium -3% -3% -2% -16% 0.3675 $246,874,240
CMD Cassius Mining Ltd 0% 0% -67% -67% 0.011 $5,962,049
VSR Voltaic Strategic 0% -5% 19% 12% 0.019 $9,178,974
SGQ St George Min Ltd 0% 5% -12% -67% 0.022 $21,747,890
LLO Lion One Metals Ltd 0% 0% 0% -31% 0.62 $9,669,967
PAT Patriot Lithium 0% 3% -25% -71% 0.075 $5,221,285
PL3 Patagonia Lithium 0% -7% 13% 0% 0.13 $6,386,705
BUR Burleyminerals 7% 5% -16% -75% 0.059 $5,681,322
CHR Charger Metals 4% 18% -4% -56% 0.13 $9,677,531
RMX Red Mount Min Ltd 0% 0% 0% -50% 0.002 $5,347,152
DLI Delta Lithium 2% 2% 20% -12% 0.325 $228,290,285
LM1 Leeuwin Metals Ltd 1% 6% -7% 0% 0.085 $3,935,540
ENT Enterprise Metals 0% 0% 0% -63% 0.003 $2,405,913
FIN FIN Resources Ltd -5% 0% 27% 27% 0.019 $12,985,374
DTM Dart Mining NL 0% 0% 8% -63% 0.014 $3,186,115
NIS Nickelsearch -3% 3% -14% -58% 0.032 $7,046,901
EG1 Evergreenlithium -9% -9% 5% 0% 0.105 $6,466,450
MAN Mandrake Res Ltd -1% 3% -3% -7% 0.038 $23,706,757
FBM Future Battery 0% -10% 9% 28% 0.06 $32,025,359
LPM Lithium Plus -6% -14% -9% -40% 0.155 $14,188,053
KOB Kobaresourceslimited 4% 9% -25% -23% 0.12 $14,997,917
EMC Everest Metals Corp -1% 1% 4% -1% 0.079 $13,142,649
LRD Lordresourceslimited 0% -4% -6% -74% 0.051 $1,893,738
IEC Intra Energy Corp 0% -20% 0% -67% 0.002 $3,381,563
REC Rechargemetals 2% -2% -22% -59% 0.062 $6,792,470
SLM Solismineralsltd -5% -13% -13% -22% 0.105 $8,588,497
AZS Azure Minerals 0% 0% 0% 1168% 3.615 $1,660,420,062
DYM Dynamicmetalslimited 2% 5% 24% 50% 0.21 $7,380,000
TOR Torque Met 0% -3% -17% 36% 0.15 $22,958,028
SBR Sabre Resources 0% 6% -10% -34% 0.019 $7,110,977
ICL Iceni Gold -8% -8% -39% -74% 0.023 $6,164,026
TMX Terrain Minerals 0% 0% 0% -20% 0.004 $5,726,683
MHC Manhattan Corp Ltd 0% 20% 0% -50% 0.003 $8,810,939
MHK Metalhawk. -3% 6% -3% -42% 0.07 $7,157,840
NKL Nickelxltd -3% -11% -13% -46% 0.033 $2,985,716
TMB Tambourahmetals -3% 0% 0% -2% 0.084 $7,215,811
ANX Anax Metals Ltd 10% 10% 16% -67% 0.022 $10,848,959
PMT Patriotbatterymetals -1% 10% 28% -28% 1.0025 $581,495,966
BM8 Battery Age Minerals -11% -14% -14% -68% 0.12 $12,387,643
L1M Lightning Minerals 0% -8% -7% -54% 0.066 $2,786,854
ADG Adelong Gold Limited 0% 0% -11% -64% 0.004 $3,521,956
TOR Torque Met 0% -3% -17% 36% 0.15 $22,958,028
AL8 Alderan Resource Ltd 0% -20% 0% -43% 0.004 $4,427,445
OZM Ozaurum Resources -26% -18% -27% 20% 0.054 $11,588,750
FL1 First Lithium Ltd -2% 17% -14% 36% 0.245 $17,512,917
PLN Pioneer Lithium 0% -17% 0% 0% 0.135 $3,837,375
WYX Western Yilgarn NL -3% 0% -30% -38% 0.061 $3,918,128
RDN Raiden Resources Ltd 4% 0% -8% 532% 0.024 $61,101,457
PFE Panteraminerals -6% -14% -15% -54% 0.044 $12,029,021
GRE Greentechmetals -5% 10% 36% 111% 0.285 $24,923,993
OLY Olympio Metals Ltd 4% -1% 12% -32% 0.085 $5,761,462
SUM Summitminerals -6% -10% -23% -57% 0.06 $3,050,056
JBY James Bay Minerals 0% 0% -18% 0% 0.155 $5,028,975
SCN Scorpion Minerals 4% -13% 40% -56% 0.028 $11,055,317
JNO Juno 5% 2% -22% -26% 0.063 $10,916,716
CC9 Chariot Corporation 7% -15% -31% 0% 0.235 $17,992,999
OBM Ora Banda Mining Ltd 0% -9% 6% 104% 0.255 $470,188,282
RON Roninresourcesltd 0% 0% -16% -30% 0.105 $3,866,626
ASR Asra Minerals Ltd 0% 0% -17% -58% 0.005 $8,319,979
PFE Panteraminerals -6% -14% -15% -54% 0.044 $12,029,021
TG6 Tgmetalslimited 13% 5% -9% 115% 0.215 $10,276,372
HAW Hawthorn Resources -1% -9% -15% -20% 0.07 $23,786,109
KM1 Kalimetalslimited 2% -3% 6% 0% 0.44 $32,827,101
AEV Avenira Limited 0% 0% -10% -25% 0.009 $19,733,144
LTM Arcadium Lithium 0% -6% -4% -32% 6.84 $10,240,000,000
DVP Develop Global Ltd -2% -2% 3% -18% 2.45 $609,060,488
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CHARGED 🔋

Lepidico (ASX:LPD) +20%

Aeon Metals (ASX:AML) +77%

Eclipse Metals (ASX:EPM) +17%

TG Metals (ASX:TG6) +13%

 

RUNNING LOW 🪫

OzAurum Resources (ASX:OZM) -26%

Kula Gold (ASX:KGD) -22%

Core Lithium (ASX:CXO) -14%

Bulletin Resources (ASX:BNR) -13%

 

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