• Lithium prices continue to slump amid weak Chinese economic scene
  • Albemarle quarterly profit comes in lower, while UBS downgrades EV demand outlook 
  • But wait… PLS boss is still upbeat on lithium demand, and MinRes grabs more of hot stock Wildcat

Our High Voltage column wraps the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.

 

So then, what’s the general sentiment right now re the world of critical minerals that service the electric vehicle (EV market)?

It’s complicated, but battery metal bears are definitely out and about, leaving burn-out and donut marks behind as they tear around, flipping the bird from souped-up petrol-guzzlers.

“Spot price” action for lithium is certainly slumping and has been for the best part of a year. There’s no getting around that fact right now. (Or is there? See Joe “Mr Lithium” Lowry’s tweet further below.)

As Fastmarkets reported a couple of days ago, “Chinese lithium carbonate prices are down amid bearish sentiment and thin demand, with hydroxide prices flat”. Meanwhile, East Asian lithium prices are down on weak demand and consumer caution, and European and US lithium prices are also following the Asian downtrend, Fastmarkets continued.

So that’s not great.

The weakness in global lithium prices has reportedly erased US$22 billion of market capitalisation at Ganfeng Lithium and Tianqi Lithium, two of China’s biggest lithium producers. “Their latest earnings reports suggest the rout may not be over,” reads an article by the South China Morning Post.

Then the multinational investment banking giant UBS had to come out this week and further rain on proceedings, issuing a research note that downgrades electric vehicle (EV) demand by between 5 per cent and 15 per cent through to 2030.

Basing that forecast on weaker-than-expected EV uptake in Europe and the US, UBS analyst Levi Spry said:

“We have seen these signals for quite some time now with sequentially declining monthly sales, shrinking backlogs and growing discounts.”

Annnd… then there was a Reuters article on the last day of October titled “Lower prices, oversupply to weigh on lithium miners”.

“Albemarle Corp, the world’s largest producer of lithium, is expected to report lower quarterly profit as prices of the silvery-white metal came under pressure due to concerns of falling near-term demand and oversupply,” wrote Reuters, adding:

“Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down.”

Update: the Albemarle quarterly profit has indeed come in lower.

Per Josh’s latest Ground Breakers column:

Albemarle has become the latest integrated international lithium producer to cop a hit — more than halving net cash forecasts for 2023 — as falling lithium chemical prices place the pressure on downstream producers.

The US giant said a mismatch between spodumene pricing and chemical pricing — part of its energy storage division — was partly to blame for a 61.9% year on year fall in adjusted EBITDA from US$1.19 billion to US$453.3m.

Its net income tumbled 66.3% YoY to US$302.5m, despite higher volumes leading to a 10.5% rise in net sales to US$2.31 billion.

That nexus saw adjusted earnings per share drop 63.5% to $2.74 a share, leading US$14.5bn capped Albemarle to a 3.01% fall yesterday.

Read more on that > here.

 

But… let’s give the bulls some airspace, too

Lithium expert Joe Lowry, who hosts The Global Lithium Podcast, however, reckons elements of that Reuters article were a “complete miss”, and references a more zoomed-out look at the lithium market’s price action:

“Yes, price is down but from the Chinese panic buying driven highs in 2022. Despite the drop, the China carbonate spot price is still >5X the 2020 lows.”

And before we look at what’s been turning heads on the ASX in this sector, words from Pilbara Minerals’ (ASX:PLS) CEO Dale Henderson, who was answering questions this week in a recent investor call, pricked up a few ears here and there. (And yes we know, if anyone’s going to be a lithium bull it’s him, but still…)

Henderson alleviated concerns when asked if PLS had trouble selling spodumene on the spot market (just one part of the company’s overall strategy) in the most recent quarter:

“The demand is absolutely there for product,” he said. “It hasn’t been a case of, ‘We can’t move product’, and certainly none of our customers are not wanting product.

“It’s just been more a case of moderating pricing and contending with the question of, ‘What is the right price for the market?’. That’s where the shift has been.”

PLS has still been able to deliver a reasonably strong operational quarter again this time around…

Source: PLS Quarterly Activities Report and webcast

… and the Aussie lithium gun maintains a solid cash position, too, with $3 billion. That’s down 9% from the June quarter but the overall trend is still up when you consider the cash balance figure is roughly $1.6 billion higher than this time one year ago.

Source: PLS Quarterly Activities Report and webcast. And that there is PLS CEO Dale Henderson.

Oh, another thing. We noticed this neat graphic from Visual Capitalist, too, which suggests that by 2030, the way things are potentially going, demand for lithium will outstrip supply by 46%.

Visual Capitlaist also notes further down its graphic, however, that Direct Lithium Extraction (DLE) processes could help supply meet the lithium demand in coming years.

 

MinRes goes in for Wildcat

After the recent Liontown Albemarle/Rinehart tussle, and after SQM’s major move for Azure Minerals, the ASX lithium M&A scene is still frothy, still front and centre. Mineral Resources has this week come in hot for stonking 2023 Pilbara lithium-hunting success story Wildcat Resources (ASX:WC8) .

So all that ought to tell you something about how highly prized WA’s lithium land is perceived.

The Chris Ellison-led mining giant has confirmed it’s now bought up almost a fifth of WC8, increasing its stake in the company to 19.85%. WC8 is now up about 13% as a result.

Per The Australian:

“Mr Ellison is also speculated to be a shareholder in Azure Minerals under 5 per cent, and some had suspected he may have been looking to amass more shares in the takeover target of which Mrs Rinehart recently raided, with the billionaire gaining about 18 per cent.

“Wildcat’s market value has soared on the back of promising drilling results of its Tabba Tabba lithium project near Port Hedland in Western Australia.”

 

Battery metals form guide

Here’s a snapshot of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing lately>>>

Battery metals stocks missing from our list? Shoot a mail to [email protected] or [email protected]

Code Company Price % Week % Month % Year % YTD Market Cap
PVW PVW Res Ltd 0.057 -14% -15% -56% -4% $5,780,072
A8G Australasian Metals 0.19 -3% -5% -16% 0% $10,424,099
INF Infinity Lithium 0.08 -4% 0% -63% -4% $38,857,736
LPI Lithium Pwr Int Ltd 0.53 1% 47% -6% 9% $330,349,719
PSC Prospect Res Ltd 0.089 -6% 17% -6% -3% $41,141,092
PAM Pan Asia Metals 0.145 -28% -28% -62% -27% $23,823,215
CXO Core Lithium 0.3475 -1% -14% -75% -68% $769,296,796
LOT Lotus Resources Ltd 0.265 18% -4% 15% 6% $312,126,110
AGY Argosy Minerals Ltd 0.1625 -14% -17% -68% -41% $224,705,200
AZS Azure Minerals 3.63 49% 34% 1513% 341% $1,555,717,697
NWC New World Resources 0.025 -7% -17% -22% -1% $58,805,293
QXR Qx Resources Limited 0.025 14% 4% -59% -2% $26,537,468
GSR Greenstone Resources 0.0075 -12% -17% -71% -2% $10,240,623
CAE Cannindah Resources 0.08 -17% -30% -59% -16% $51,449,116
AZL Arizona Lithium Ltd 0.016 7% 7% -80% -5% $51,115,035
HNR Hannans Ltd 0.008 14% 14% -62% -1% $19,072,234
COB Cobalt Blue Ltd 0.24 4% -6% -62% -35% $86,337,881
ESS Essential Metals Ltd 0.5 9% 3% 9% 18% $135,278,382
LPD Lepidico Ltd 0.009 -14% -10% -53% -1% $68,744,772
MRD Mount Ridley Mines 0.002 0% 0% -60% 0% $15,569,766
CZN Corazon Ltd 0.015 -12% 25% -12% -1% $11,080,762
LKE Lake Resources 0.16 -11% -11% -85% -64% $227,591,153
DEV Devex Resources Ltd 0.275 -5% -26% 2% -1% $113,151,334
INR Ioneer Ltd 0.155 -3% -31% -72% -23% $295,543,685
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203
MAN Mandrake Res Ltd 0.036 6% -10% 3% 0% $20,956,597
RLC Reedy Lagoon Corp. 0.005 0% -17% -57% 0% $3,083,418
GBR Greatbould Resources 0.062 -6% 13% -30% -3% $32,493,551
FRS Forrestaniaresources 0.031 3% -31% -83% -11% $3,375,953
STK Strickland Metals 0.105 -5% 52% 114% 7% $168,120,341
MLX Metals X Limited 0.2725 5% -9% 7% -11% $254,034,499
CLA Celsius Resource Ltd 0.011 0% 0% -15% -1% $26,952,620
FGR First Graphene Ltd 0.077 -1% 43% -33% -4% $47,639,682
HXG Hexagon Energy 0.009 13% 0% -33% -1% $4,103,327
TLG Talga Group Ltd 1.035 -10% -13% -17% -37% $366,165,485
MNS Magnis Energy Tech 0.062 -16% -16% -83% -31% $71,969,889
PLL Piedmont Lithium Inc 0.44 -6% -29% -54% -21% $161,760,192
EUR European Lithium Ltd 0.066 -4% -13% -27% -1% $90,625,546
BKT Black Rock Mining 0.12 0% 41% -25% -2% $126,169,501
QEM QEM Limited 0.2 8% 5% 0% 2% $29,521,384
LYC Lynas Rare Earths 7.1 4% 5% -15% -75% $6,583,399,113
ESR Estrella Res Ltd 0.006 -14% -14% -43% -1% $10,554,431
ARL Ardea Resources Ltd 0.52 8% -13% -41% -19% $102,197,505
GLN Galan Lithium Ltd 0.63 -4% -4% -59% -44% $222,530,036
JRL Jindalee Resources 1.28 -6% -27% -46% -61% $76,046,287
VUL Vulcan Energy 2.15 -8% -26% -72% -418% $348,454,073
SBR Sabre Resources 0.037 12% 9% -26% 0% $11,950,934
CHN Chalice Mining Ltd 1.95 6% -16% -54% -435% $696,244,314
VRC Volt Resources Ltd 0.007 -7% -7% -67% -1% $27,575,967
NMT Neometals Ltd 0.2275 -16% -39% -79% -57% $118,961,206
AXN Alliance Nickel Ltd 0.062 5% -6% -22% -3% $43,550,377
PNN Power Minerals Ltd 0.27 13% 8% -44% -26% $20,726,206
IGO IGO Limited 9.295 -14% -27% -39% -417% $7,201,616,902
GED Golden Deeps 0.051 -2% -9% -54% -4% $5,891,640
ADV Ardiden Ltd 0.0055 38% 0% -27% 0% $13,441,677
SRI Sipa Resources Ltd 0.021 -5% 5% -59% -1% $4,791,321
NTU Northern Min Ltd 0.0305 5% 5% -27% -1% $189,151,336
AXE Archer Materials 0.42 4% -12% -40% -20% $112,132,686
PGM Platina Resources 0.027 17% 0% 42% 1% $17,449,049
AAJ Aruma Resources Ltd 0.034 3% -6% -51% -2% $6,694,311
IXR Ionic Rare Earths 0.021 -5% -9% -52% -1% $83,078,203
NIC Nickel Industries 0.78 2% 4% 7% -19% $3,192,928,361
EVG Evion Group NL 0.04 0% 11% -59% -3% $13,838,367
CWX Carawine Resources 0.118176 9% -20% 40% 2% $23,259,101
PLS Pilbara Min Ltd 3.62 -4% -16% -29% -13% $11,044,727,962
HAS Hastings Tech Met 0.795 16% 10% -78% -273% $102,846,488
BUX Buxton Resources Ltd 0.195 -7% -5% 95% 8% $35,112,106
ARR American Rare Earths 0.13 4% -13% -32% -6% $58,035,029
SGQ St George Min Ltd 0.045 13% 13% -37% -2% $38,095,874
TKL Traka Resources 0.005 0% 0% -17% 0% $4,376,646
PAN Panoramic Resources 0.033 -11% -11% -77% -14% $103,937,992
PRL Province Resources 0.041 0% 0% -49% -2% $48,441,219
IPT Impact Minerals 0.0095 -5% -21% 36% 0% $27,214,687
LIT Lithium Australia 0.031 2% -9% -34% -1% $39,110,134
AKE Allkem Limited 9.15 -10% -22% -37% -209% $6,099,125,135
ARN Aldoro Resources 0.088 0% -2% -71% -7% $12,116,137
JRV Jervois Global Ltd 0.03 -6% -14% -94% -24% $83,778,141
SYR Syrah Resources 0.6775 -4% 33% -72% -138% $449,471,990
FBM Future Battery 0.091 -3% -21% 65% 4% $45,891,539
ADD Adavale Resource Ltd 0.008 -11% -33% -73% -1% $5,842,954
LTR Liontown Resources 1.565 -12% -47% -17% 25% $3,872,103,716
CTM Centaurus Metals Ltd 0.455 -7% -33% -52% -67% $231,670,699
VML Vital Metals Limited 0.01 0% 0% -69% -1% $53,061,498
BSX Blackstone Ltd 0.1 -9% -20% -38% -4% $49,737,335
POS Poseidon Nick Ltd 0.016 7% -16% -64% -2% $59,330,842
CHR Charger Metals 0.23 28% 84% -49% -22% $10,870,014
AVL Aust Vanadium Ltd 0.0245 -6% -16% -23% 0% $129,183,776
AUZ Australian Mines Ltd 0.012 -14% -8% -81% -4% $9,355,904
TMT Technology Metals 0.22 -8% -21% -37% -13% $58,485,776
RXL Rox Resources 0.24 9% 2% 20% 7% $88,207,855
RNU Renascor Res Ltd 0.1525 5% 22% -29% -6% $368,214,087
GL1 Globallith 1.185 -4% -14% -51% -66% $309,326,457
ASN Anson Resources Ltd 0.1775 11% 27% -43% -1% $212,146,963
SYA Sayona Mining Ltd 0.07 -15% -25% -70% -12% $771,997,201
EGR Ecograf Limited 0.195 26% 77% -43% -3% $104,096,132
ATM Aneka Tambang 1.185 0% 0% 19% 29% $1,544,824
TVN Tivan Limited 0.072 4% -10% -11% 0% $113,096,071
ALY Alchemy Resource Ltd 0.011 0% -4% -67% -1% $11,780,763
GAL Galileo Mining Ltd 0.325 2% 10% -72% -56% $62,251,852
BHP BHP Group Limited 45.24 4% 2% 21% -39% $225,558,920,522
LEL Lithenergy 0.705 22% 18% -36% -7% $73,137,100
MMC Mitremining 0.225 7% -17% 25% -6% $10,203,773
RMX Red Mount Min Ltd 0.004 0% 14% -20% 0% $10,694,304
GW1 Greenwing Resources 0.13 13% -4% -61% -15% $24,395,207
AQD Ausquest Limited 0.012 -8% -8% -25% -1% $9,901,791
LML Lincoln Minerals 0.0075 -6% 25% 9% 0% $11,365,694
1MC Morella Corporation 0.005 0% -17% -75% -1% $30,693,279
REE Rarex Limited 0.03 0% -9% -44% -2% $20,501,597
MRC Mineral Commodities 0.032 -11% 8% -52% -3% $22,818,046
PUR Pursuit Minerals 0.0105 17% 17% -5% -1% $32,383,686
QPM Queensland Pacific 0.057 -5% -17% -65% -5% $114,712,661
EMH European Metals Hldg 0.625 -8% -10% -20% -2% $78,137,011
BMM Balkanminingandmin 0.13 4% -35% -55% -20% $8,944,933
PEK Peak Rare Earths Ltd 0.385 0% 3% -10% -7% $108,503,001
LEG Legend Mining 0.023 10% -4% -32% -2% $63,898,498
MOH Moho Resources 0.006 -14% -33% -74% -2% $2,040,267
AML Aeon Metals Ltd. 0.011 -15% -27% -58% -2% $13,156,807
G88 Golden Mile Res Ltd 0.02 5% -33% -17% 0% $5,929,011
WKT Walkabout Resources 0.12 -8% 4% -31% -2% $80,010,606
TON Triton Min Ltd 0.029 12% 32% 32% -1% $40,595,246
AR3 Austrare 0.195 3% -11% -40% -21% $28,520,703
ARU Arafura Rare Earths 0.1975 -10% -24% -33% -27% $390,972,468
MIN Mineral Resources. 58.55 2% -13% -20% -1865% $11,273,968,081
VMC Venus Metals Cor Ltd 0.105 5% -16% 20% 3% $19,921,512
S2R S2 Resources 0.18 -12% 0% 33% 1% $79,967,847
CNJ Conico Ltd 0.005 0% -17% -62% 0% $7,850,475
VR8 Vanadium Resources 0.046 5% -18% -29% -1% $24,756,104
PVT Pivotal Metals Ltd 0.02 0% 5% -56% -2% $10,409,497
BOA Boadicea Resources 0.039 3% -3% -61% -6% $4,800,522
IPX Iperionx Limited 1.395 12% -7% 96% 71% $243,398,716
SLZ Sultan Resources Ltd 0.017 -11% -19% -82% -7% $2,519,231
NKL Nickelxltd 0.059 9% 4% -62% -2% $5,181,095
NVA Nova Minerals Ltd 0.25 -6% 2% -64% -43% $54,831,390
MLS Metals Australia 0.037 3% 9% -5% -1% $23,089,339
MQR Marquee Resource Ltd 0.026 0% -10% -57% -1% $10,334,610
MRR Minrex Resources Ltd 0.014 -13% 0% -66% -2% $15,188,145
EVR Ev Resources Ltd 0.011 -15% -15% -50% 0% $10,392,578
EFE Eastern Resources 0.007 0% -30% -79% -2% $9,935,572
CNB Carnaby Resource Ltd 0.615 -25% -30% -30% -32% $103,407,424
BNR Bulletin Res Ltd 0.175 67% 122% 35% 8% $46,974,576
AX8 Accelerate Resources 0.04 18% 60% 33% 2% $17,242,081
AM7 Arcadia Minerals 0.085 -6% -19% -70% -12% $9,269,259
AS2 Askarimetalslimited 0.1475 -18% -20% -66% -29% $12,288,034
BYH Bryah Resources Ltd 0.013 -7% -13% -40% -1% $4,661,869
DTM Dart Mining NL 0.02 7% -3% -70% -3% $3,683,066
EMS Eastern Metals 0.032 3% -3% -72% -4% $2,637,640
FG1 Flynngold 0.068 5% 13% -32% -3% $8,046,573
GSM Golden State Mining 0.019 -14% -47% -47% -2% $3,439,589
IMI Infinitymining 0.11 -8% 0% -51% -17% $9,343,166
LRV Larvottoresources 0.16 60% 28% -3% 0% $10,760,756
LSR Lodestar Minerals 0.005 0% -17% 0% 0% $10,116,987
RAG Ragnar Metals Ltd 0.021 -9% -9% 16% 1% $10,427,581
CTN Catalina Resources 0.004 0% 0% -43% -1% $4,953,948
TMB Tambourahmetals 0.165 27% -18% 18% 6% $9,538,141
TEM Tempest Minerals 0.0075 7% -17% -74% -2% $3,579,684
EMC Everest Metals Corp 0.095 -10% -17% -5% 2% $13,061,745
WML Woomera Mining Ltd 0.011 5% 0% -19% -1% $8,605,751
KZR Kalamazoo Resources 0.09 -3% -14% -53% -12% $15,262,538
LMG Latrobe Magnesium 0.048 -2% 9% -36% -3% $82,491,484
KOR Korab Resources 0.017 0% -6% -39% -1% $6,239,850
CMX Chemxmaterials 0.068 -9% -24% -62% -12% $3,619,814
NC1 Nicoresourceslimited 0.31 2% -23% -34% -30% $32,517,227
GRE Greentechmetals 0.41 17% 3% 173% 27% $22,163,266
CMO Cosmometalslimited 0.05 0% -6% -69% -9% $1,734,833
FRB Firebird Metals 0.145 -3% 12% -33% -1% $13,371,175
S32 South32 Limited 3.315 3% -2% -8% -69% $15,057,457,526
OMH OM Holdings Limited 0.445 -2% -3% -29% -25% $343,459,852
JMS Jupiter Mines. 0.1875 -1% -4% -4% -3% $372,208,296
E25 Element 25 Ltd 0.385 5% -10% -64% -50% $82,661,527
EMN Euromanganese 0.115 -8% -18% -57% -24% $28,120,200
KGD Kula Gold Limited 0.014 8% 8% -56% -1% $5,224,967
LRS Latin Resources Ltd 0.2375 -5% -3% 107% 14% $679,264,019
CRR Critical Resources 0.026 -4% -32% -53% -2% $48,001,958
ENT Enterprise Metals 0.004 0% 0% -56% -1% $3,197,884
SCN Scorpion Minerals 0.051 -7% -7% -27% -2% $17,682,016
GCM Green Critical Min 0.008 0% 14% -33% -1% $9,092,680
ENV Enova Mining Limited 0.006 -14% -14% -54% -1% $3,845,576
RBX Resource B 0.11 0% -21% 28% 3% $9,508,716
AKN Auking Mining Ltd 0.044 0% -31% -63% -5% $7,755,941
RR1 Reach Resources Ltd 0.012 9% -17% 140% 1% $38,403,565
EMT Emetals Limited 0.007 0% -13% -42% 0% $5,950,000
PNT Panthermetalsltd 0.073 -3% 4% -60% -12% $4,525,100
WIN Widgienickellimited 0.18 -3% -9% -36% -15% $55,119,835
WMG Western Mines 0.3 -5% 5% 161% 14% $18,140,321
AVW Avira Resources Ltd 0.002 33% 0% -33% 0% $4,267,580
CAI Calidus Resources 0.19 23% 23% -45% -8% $118,996,216
GT1 Greentechnology 0.41 4% -2% -56% -42% $88,385,672
KAI Kairos Minerals Ltd 0.017 -15% -23% -40% 0% $41,934,595
MTM MTM Critical Metals 0.021 -5% -43% -83% -6% $2,185,416
NWM Norwest Minerals 0.0305 -5% 2% -29% -2% $8,770,870
PGD Peregrine Gold 0.285 1% 14% -34% -10% $15,194,955
RAS Ragusa Minerals Ltd 0.045 32% 22% -80% -7% $5,418,754
RGL Riversgold 0.009 -10% -31% -78% -2% $9,036,984
SRZ Stellar Resources 0.0085 -15% -29% -29% 0% $9,883,678
STM Sunstone Metals Ltd 0.017 13% 0% -47% -2% $55,475,728
ZNC Zenith Minerals Ltd 0.082 -14% -25% -71% -18% $31,361,899
WC8 Wildcat Resources 0.745 11% 67% 2469% 72% $733,798,901
ASO Aston Minerals Ltd 0.033 -13% 10% -55% -5% $38,851,928
THR Thor Energy PLC 0.027 8% -29% -61% -3% $4,761,086
YAR Yari Minerals Ltd 0.017 13% -6% -32% 0% $8,200,083
IG6 Internationalgraphit 0.18 9% -3% -41% -9% $15,127,979
LPM Lithium Plus 0.45 18% -4% -20% 8% $31,674,336
ODE Odessa Minerals Ltd 0.007 0% -44% -59% -1% $7,576,895
KOB Kobaresourceslimited 0.07 4% -13% -59% -7% $7,379,167
AZI Altamin Limited 0.06 2% -8% -29% -2% $23,111,288
FTL Firetail Resources 0.1 0% 1% -38% -6% $16,379,611
LNR Lanthanein Resources 0.007 17% -13% -76% -1% $7,851,029
CLZ Classic Min Ltd 0.001 0% 0% -94% -1% $12,357,082
NVX Novonix Limited 0.76 2% -8% -72% -71% $329,811,881
OCN Oceanalithiumlimited 0.13 -13% -42% -72% -22% $7,696,093
SUM Summitminerals 0.095 2% -17% -47% -5% $4,241,484
DVP Develop Global Ltd 3.29 11% -5% 25% 11% $664,545,410
XTC Xantippe Res Ltd 0.001 0% 0% -76% 0% $17,528,005
OD6 Od6Metalsltd 0.15 -23% -9% -25% -19% $8,252,324
HRE Heavy Rare Earths 0.09 64% -1% -45% -3% $5,443,914
LIN Lindian Resources 0.17 -8% -21% -17% 2% $184,307,558
PEK Peak Rare Earths Ltd 0.385 0% 3% -10% -7% $108,503,001
ILU Iluka Resources 7.26 6% -5% -16% -227% $3,084,473,866
ASM Ausstratmaterials 1.4 9% -4% -29% -4% $235,153,083
ETM Energy Transition 0.032 -14% -22% -36% -3% $46,095,296
VMS Venture Minerals 0.009 -10% -10% -57% -1% $17,550,117
IDA Indiana Resources 0.05 0% -14% -18% -1% $30,009,416
VTM Victory Metals Ltd 0.28 30% 51% 47% 6% $20,224,914
M2R Miramar 0.0215 -37% -39% -76% -5% $3,424,000
WCN White Cliff Min Ltd 0.01 -17% -9% -47% 0% $12,570,186
TAR Taruga Minerals 0.0105 5% 17% -67% -1% $7,060,268
ABX ABX Group Limited 0.069 -9% -13% -54% -5% $16,479,175
MEK Meeka Metals Limited 0.039 -7% -15% -33% -3% $47,438,357
RR1 Reach Resources Ltd 0.012 9% -17% 140% 1% $38,403,565
DRE Dreadnought Resources Ltd 0.033 -8% -30% -71% -7% $110,622,250
KFM Kingfisher Mining 0.14 -7% -24% -74% -34% $8,057,250
AOA Ausmon Resorces 0.0035 17% 17% -42% 0% $3,524,498
WC1 Westcobarmetals 0.07 6% -18% -61% -10% $6,799,356
GRL Godolphin Resources 0.038 6% 3% -58% -4% $6,092,713
DM1 Desert Metals 0.039 -7% -7% -90% -16% $2,829,102
PTR Petratherm Ltd 0.044 -14% -20% -27% -1% $10,338,552
ITM Itech Minerals Ltd 0.125 -11% -6% -58% -14% $14,662,027
KTA Krakatoa Resources 0.025 32% 14% -61% -2% $10,437,550
M24 Mamba Exploration 0.029 -17% -38% -77% -12% $1,890,483
LNR Lanthanein Resources 0.007 17% -13% -76% -1% $7,851,029
TKM Trek Metals Ltd 0.046 0% -16% -27% -3% $24,882,004
BCA Black Canyon Limited 0.15 0% 25% -38% -9% $9,846,657
CDT Castle Minerals 0.01 -9% 0% -57% -1% $11,757,430
DLI Delta Lithium 0.575 -2% -23% 6% 10% $312,252,304
A11 Atlantic Lithium 0.4 -10% -16% -44% -22% $229,590,623
KNI Kunikolimited 0.275 4% -15% -59% -24% $20,617,504
CY5 Cygnus Metals Ltd 0.175 46% 9% -63% -21% $55,108,101
WR1 Winsome Resources 1.32 11% -11% 184% 9% $234,374,828
LLI Loyal Lithium Ltd 0.48 14% -27% 9% 19% $33,789,764
BC8 Black Cat Syndicate 0.21 14% 0% -29% -15% $64,659,771
BUR Burleyminerals 0.215 13% 19% 10% -1% $21,272,319
PBL Parabellumresources 0.345 0% 0% -23% 1% $18,879,263
L1M Lightning Minerals 0.125 -7% 4% 0% -4% $5,090,633
WA1 Wa1Resourcesltd 9.33 76% 81% 652% 794% $361,034,703
EV1 Evolutionenergy 0.155 -9% -6% -39% -7% $28,058,039
1AE Auroraenergymetals 0.1 2% -38% -50% -5% $14,965,451
RVT Richmond Vanadium 0.38 4% 0% 0% 15% $32,758,966
PMT Patriotbatterymetals 1.09 -6% -12% 0% 34% $413,876,571
PAT Patriot Lithium 0.21 20% 20% 0% -6% $13,416,375
BM8 Battery Age Minerals 0.21 -2% -22% -58% -29% $18,718,746
OM1 Omnia Metals Group 0.078 10% -9% -48% -8% $3,786,192
VHM Vhmlimited 0.475 1% -3% 0% 0% $73,879,740
LLL Leolithiumlimited 0.505 0% 0% -19% 2% $498,553,663
SRN Surefire Rescs NL 0.016 14% 14% 23% 0% $26,478,958
SRL Sunrise 0.705 -10% -8% -65% -122% $65,414,936
SYR Syrah Resources 0.6775 -4% 33% -72% -138% $449,471,990
EG1 Evergreenlithium 0.2 -2% -29% 0% 0% $13,776,350
WSR Westar Resources 0.0165 -8% -23% -65% -3% $3,151,078
LU7 Lithium Universe Ltd 0.038 -7% -27% -5% 1% $14,375,310
MEI Meteoric Resources 0.24 4% 7% 1900% 19% $475,828,496
REC Rechargemetals 0.13 -7% -35% -19% -1% $14,475,757
SLM Solismineralsltd 0.26 21% 8% 300% 19% $18,651,409
DYM Dynamicmetalslimited 0.18 13% -12% 0% 0% $5,775,000
TOR Torque Met 0.18 13% -48% -3% 0% $23,531,627
ICL Iceni Gold 0.061 -9% -20% -13% -2% $14,631,286
TMX Terrain Minerals 0.005 11% 0% -29% 0% $6,767,139
MHC Manhattan Corp Ltd 0.005 0% -29% -29% 0% $14,684,899
MHK Metalhawk. 0.1 18% 5% -46% -7% $8,664,811
ANX Anax Metals Ltd 0.032 -3% -11% -42% -2% $15,046,637
FIN FIN Resources Ltd 0.031 41% 158% 35% 1% $19,252,096
LM1 Leeuwin Metals Ltd 0.275 -5% 10% 0% 0% $12,315,875
HAW Hawthorn Resources 0.091 0% -1% 8% -2% $31,826,483
LCY Legacy Iron Ore 0.017 -6% 6% -6% 0% $108,916,045
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What’s hot:

The week’s biggest gains 🚀

WA1 Resources (ASX:WA1) +76%

Bulletin Resources (ASX:BNR) +67%

Heavy Rare Earths (ASX:HRE) +64%

Larvotto Resources (ASX:LRV) +60%

Azure Minerals (ASX:AZS) +49%

 

What’s not:

The week’ s biggest falls 📉

Miramar Resources (ASX:M2R) -37%

Pan Asia Metals (ASX:PAM) -28%

Carnaby Resources (ASX:CNB) -25%

OD6 Metals (ASX:OD6) -23%