BYD could soon cement its position as a top 10 automaker globally. Pic: Getty Images
High Voltage: BYD’s EV sales look set to overtake Ford this year
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- EV maker BYD’s October sales put them on par with Ford year-to-date
- This comes after the Chinese giant beat Tesla on quarterly revenue
- Most consumer demand coming from hybrid vehicles
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
Chinese electric vehicle giant BYD looks set to overtake US automaker Ford in annual shipments this year, kicking off the December quarter by selling a record half a million vehicles in October.
This comes after the company just pipped Tesla at the post on quarterly revenue for the first time, with revenue soaring 24% to 201.1 billion yuan (US$28.2 billion) for the three months that ended in September, exceeding Tesla’s US$25.2 billion in sales for the same period.
And according to Bloomberg Hyperdrive’s Danny Lee, October sales have already put BYD nearly on par with Ford year-to-date.
And almost all analysts covering BYD expect the momentum to continue.
The US automaker, which only reports global sales on a quarterly basis, has been averaging around 1.1 million vehicles a quarter.
“Getting to 4 million is a stunning milestone,” auto industry consultant Michael Dunne said.
“BYD will soon be seeing Ford in the rear-view mirror.”
That’s a milestone that would cement BYD’s position as a top 10 automaker globally.
Hybrid demand leads the charge
It looks like BYD’s lineup of hybrids are resonating with consumers who are not quite ready to make the full switch – particularly in China where demand is in part being driven by government subsidies encouraging people to trade in their older EVs or ye old fashioned combustion automobiles.
“That trend is also strong in Australia, with the Australian Automobile Association revealing that in the September quarter, (conventional) hybrid and plug-in hybrid (PHEV) sales and market share rose as ICE and battery electric vehicle sales fell across both measures. The latter had a stunning sales decline of more than 25 percent, with market share dropping from 8.1 per cent to 6.57 per cent.
Hybrid sales rose by 3.33 per cent and their market share rose from 14.93 per cent to 16.7 per cent. Meanwhile, PHEV sales skyrocketed by 56.64 per cent, as their market share rose from 1.49 per cent to 2.53 per cent.
Bloomberg notes Legacy carmakers like Ford are finding the competitive landscape increasingly tough as Chinese automakers expand everywhere, with Nissan, Volkswagen and Stellantis all seeing shrinking profits, excess capacity and bloated workforces.
“Ford may find support under President-elect Donald Trump, who’s pledged to rescind funding for the Biden administration’s signature 2022 climate law, which includes more than $8.5 billion in incentives for individuals and families to decarbonise,” Bloomberg’s Lee notes.
“BYD doesn’t sell passenger vehicles in the US, but that doesn’t seem to be holding the company back much.
“Senior Vice President He Zhiqi bragged on his Weibo account earlier this month that BYD increased production capacity by almost 200,000 units in the August-to-October period by hiring around the same number of people for its assembly and components businesses. BYD’s output for October was 534,003 units.”
Battery Metals Winners and Losers
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>
Code Company Price % Week % Month % Six Month % Year Market Cap XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 0% $17,528,272 JLL Jindalee Lithium Ltd 0.415 57% 77% -19% -61% $29,616,766 RLC Reedy Lagoon Corp. 0.003 50% 50% 0% -40% $2,285,120 ADD Adavale Resource Ltd 0.003 50% 0% -40% -63% $3,671,296 MHC Manhattan Corp Ltd 0.0015 50% -25% -10% -55% $6,746,955 MHK Metalhawk. 0.25 35% 43% 390% 25% $25,167,501 ODE Odessa Minerals Ltd 0.008 33% 100% 100% 0% $10,146,260 RON Roninresourcesltd 0.18 29% 50% 38% -5% $6,628,502 PFE Panteraminerals 0.027 29% 0% -29% -52% $12,277,728 AXE Archer Materials 0.325 25% 20% -27% -19% $82,825,279 AX8 Accelerate Resources 0.01 25% 11% -78% -80% $6,217,539 SRN Surefire Rescs NL 0.005 25% 0% -55% -44% $9,931,539 PVT Pivotal Metals Ltd 0.011 22% 16% -39% -48% $9,619,235 WC8 Wildcat Resources 0.37 21% 0% -33% -54% $457,528,790 VUL Vulcan Energy 6.11 21% 39% 47% 159% $1,149,832,169 TEM Tempest Minerals 0.006 20% -33% -30% -43% $3,763,619 EMT Emetals Limited 0.006 20% 50% 0% -14% $5,100,000 IPX Iperionx Limited 3.89 19% 9% 83% 158% $1,165,674,693 IG6 Internationalgraphit 0.075 17% 12% -35% -58% $14,516,875 QPM Queensland Pacific 0.041 17% 11% 0% -23% $103,368,333 NWC New World Resources 0.022 16% 5% -46% -31% $62,486,198 CWX Carawine Resources 0.115 15% 17% 15% 10% $27,154,427 ENV Enova Mining Limited 0.008 14% -11% -58% 14% $7,879,435 CHR Charger Metals 0.076 13% -12% -5% -79% $5,883,939 FG1 Flynngold 0.036 13% 29% 33% -50% $9,407,393 LTR Liontown Resources 0.88 12% 5% -36% -40% $2,134,095,163 NVX Novonix Limited 0.8 11% -5% -4% 12% $395,011,454 CAE Cannindah Resources 0.042 11% -19% -24% -58% $29,529,358 STK Strickland Metals 0.077 10% 0% -23% -49% $169,970,935 CLA Celsius Resource Ltd 0.011 10% 0% 0% 0% $28,281,270 DTM Dart Mining NL 0.011 10% -21% -56% -43% $4,737,945 SYA Sayona Mining Ltd 0.034 10% 3% -17% -56% $349,972,064 RAG Ragnar Metals Ltd 0.023 10% 10% 28% 0% $10,901,677 MEI Meteoric Resources 0.115 10% 19% -45% -51% $264,351,789 JRV Jervois Global Ltd 0.012 9% -8% -14% -65% $32,433,165 M2R Miramar 0.006 9% -25% -36% -71% $2,380,940 BCA Black Canyon Limited 0.063 9% -7% -58% -55% $5,504,294 VMC Venus Metals Cor Ltd 0.076 9% 38% -8% -24% $14,905,780 LEG Legend Mining 0.013 8% 18% -7% -35% $37,823,203 MLS Metals Australia 0.026 8% 0% 24% -28% $18,907,708 LMG Latrobe Magnesium 0.027 8% -23% -53% -46% $63,410,509 EG1 Evergreenlithium 0.088 7% 96% -9% -52% $4,948,240 RAS Ragusa Minerals Ltd 0.015 7% -12% -21% -70% $2,138,982 PLS Pilbara Min Ltd 3.11 7% 8% -24% -11% $9,365,718,089 PSC Prospect Res Ltd 0.096 7% 5% -34% 2% $54,885,480 ESR Estrella Res Ltd 0.016 7% 23% 300% 220% $29,883,283 MRR Minrex Resources Ltd 0.0085 6% 6% -23% -43% $9,221,374 SUM Summitminerals 0.17 6% -11% 36% 36% $14,675,758 AXN Alliance Nickel Ltd 0.039 5% -13% -29% -25% $28,307,745 LRS Latin Resources Ltd 0.2 5% 0% -18% -13% $560,283,893 ARL Ardea Resources Ltd 0.41 5% -9% -36% -23% $81,869,995 BOA Boadicea Resources 0.023 5% 10% -8% -45% $2,837,115 HXG Hexagon Energy 0.024 4% 0% 20% 140% $12,309,982 MTM MTM Critical Metals 0.078 4% -8% 34% 239% $27,140,303 BMM Balkanminingandmin 0.053 4% 2% -25% -59% $4,560,147 TVN Tivan Limited 0.054 4% 8% 10% -29% $95,796,929 REC Rechargemetals 0.029 4% -15% -15% -79% $4,051,009 IGO IGO Limited 5.21 3% -4% -32% -41% $3,945,365,306 SLM Solismineralsltd 0.09 2% 3% -10% -56% $6,961,755 PAT Patriot Lithium 0.046 2% 10% -46% -77% $4,760,101 LIN Lindian Resources 0.095 2% -10% -27% -42% $109,527,612 BM8 Battery Age Minerals 0.097 2% -8% -8% -50% $9,872,092 CNB Carnaby Resource Ltd 0.375 1% -1% -42% -43% $64,476,467 PAM Pan Asia Metals 0.065 0% 14% -59% -57% $12,925,364 RIL Redivium Limited 0.004 0% 0% 33% -38% $10,987,419 LPD Lepidico Ltd 0.002 0% -33% -33% -77% $17,178,371 MRD Mount Ridley Mines 0.001 0% 0% -33% -50% $7,784,883 MNS Magnis Energy Tech 0.042 0% 0% 0% -13% $50,378,922 QEM QEM Limited 0.051 0% -45% -59% -72% $9,732,518 GLN Galan Lithium Ltd 0.15 0% 15% -46% -73% $109,364,101 PNN Power Minerals Ltd 0.099 0% -6% -27% -60% $10,900,399 ADV Ardiden Ltd 0.135 0% 0% -13% -37% $8,439,863 IXR Ionic Rare Earths 0.01 0% -17% -23% -62% $48,697,626 ARR American Rare Earths 0.24 0% -20% -4% 71% $120,581,592 SGQ St George Min Ltd 0.025 0% -7% 25% -36% $27,213,511 TKL Traka Resources 0.0015 0% 0% 0% -62% $2,918,488 PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219 IPT Impact Minerals 0.012 0% -4% -45% 0% $36,713,205 VML Vital Metals Limited 0.002 0% -20% -33% -80% $11,790,134 BSX Blackstone Ltd 0.028 0% -10% -38% -68% $14,864,076 POS Poseidon Nick Ltd 0.005 0% 25% 9% -70% $21,019,377 AUZ Australian Mines Ltd 0.013 0% 30% 44% -13% $18,180,658 ATM Aneka Tambang 0.86 0% -11% -22% -27% $1,121,138 ALY Alchemy Resource Ltd 0.007 0% 17% 0% -36% $8,246,534 GAL Galileo Mining Ltd 0.135 0% 4% -48% -51% $26,679,365 LEL Lithenergy 0.37 0% -4% -23% -37% $41,440,581 AQD Ausquest Limited 0.008 0% -11% -45% -25% $8,439,478 LML Lincoln Minerals 0.007 0% 27% 8% 17% $14,393,817 MRC Mineral Commodities 0.026 0% 0% 13% -21% $25,596,288 AML Aeon Metals Ltd. 0.005 0% 0% -38% -38% $5,482,003 WKT Walkabout Resources 0.095 0% -5% -27% -39% $63,769,838 TON Triton Min Ltd 0.009 0% -18% -40% -63% $14,115,499 AR3 Austrare 0.11 0% -21% 10% -45% $17,450,033 CNJ Conico Ltd 0.001 0% 0% 0% -75% $2,201,528 SMX Strata Minerals 0.024 0% 0% 33% -61% $4,579,564 BYH Bryah Resources Ltd 0.004 0% -20% -56% -79% $2,013,147 LSR Lodestar Minerals 0.001 0% 0% -38% -69% $3,372,329 TMB Tambourahmetals 0.03 0% -19% -56% -78% $3,253,701 EMC Everest Metals Corp 0.13 0% -4% 8% 33% $24,216,804 KOR Korab Resources 0.008 0% 0% 33% -53% $2,936,400 CMO Cosmometalslimited 0.018 0% -28% -59% -61% $2,357,872 JMS Jupiter Mines. 0.16 0% -3% -57% -14% $313,680,851 ENT Enterprise Metals 0.004 0% 0% 33% 0% $4,713,269 RBX Resource B 0.036 0% 3% 9% -67% $3,718,241 AKN Auking Mining Ltd 0.005 0% -17% -72% -88% $1,956,751 RR1 Reach Resources Ltd 0.012 0% 0% -8% -56% $10,493,176 AVW Avira Resources Ltd 0.001 0% 0% 0% -50% $2,938,790 CAI Calidus Resources 0.115 0% 0% -12% -32% $93,678,206 NWM Norwest Minerals 0.018 0% -14% -49% -45% $8,732,151 RGL Riversgold 0.003 0% -25% -57% -73% $4,882,388 STM Sunstone Metals Ltd 0.007 0% -13% -36% -53% $36,042,325 YAR Yari Minerals Ltd 0.004 0% 0% -20% -75% $1,929,431 LPM Lithium Plus 0.14 0% 8% 40% -70% $18,597,600 AZI Altamin Limited 0.024 0% -32% -34% -55% $12,640,616 LNR Lanthanein Resources 0.003 0% -14% -50% -63% $7,330,908 CLZ Classic Min Ltd 0.001 0% 0% -86% -98% $1,544,026 ASM Ausstratmaterials 0.54 0% -11% -47% -65% $97,912,603 ETM Energy Transition 0.023 0% 10% -36% -38% $32,400,300 CRI Criticalim 0.012 0% 0% -45% 9% $32,067,786 RR1 Reach Resources Ltd 0.012 0% 0% -8% -56% $10,493,176 AOA Ausmon Resorces 0.002 0% -20% 0% -33% $2,117,999 WC1 Westcobarmetals 0.022 0% -18% -45% -66% $3,355,007 ITM Itech Minerals Ltd 0.068 0% -3% 8% -56% $11,610,006 KTA Krakatoa Resources 0.01 0% 0% -41% -74% $4,721,072 LNR Lanthanein Resources 0.003 0% -14% -50% -63% $7,330,908 WR1 Winsome Resources 0.51 0% -14% -59% -59% $112,964,588 PBL Parabellumresources 0.06 0% 20% 40% -83% $3,738,000 OM1 Omnia Metals Group 0.078 0% 0% 0% 0% $4,550,568 LLL Leolithiumlimited 0.505 0% 0% 0% 0% $605,458,342 LU7 Lithium Universe Ltd 0.01 0% -41% -47% -73% $5,939,136 TMX Terrain Minerals 0.0035 0% 0% 17% -13% $6,300,101 LM1 Leeuwin Metals Ltd 0.073 0% -10% 4% -72% $3,420,172 LCY Legacy Iron Ore 0.012555 0% 0% -19% -19% $122,132,779 ASR Asra Minerals Ltd 0.003 0% -33% -50% -79% $6,756,339 FTL Firetail Resources 0.089 -1% -15% 48% -6% $29,481,070 ARN Aldoro Resources 0.085 -1% 13% 31% 2% $11,443,018 VHM Vhmlimited 0.385 -1% -16% -21% -20% $63,489,447 ASN Anson Resources Ltd 0.068 -1% -12% -48% -60% $94,156,418 HAS Hastings Tech Met 0.285 -2% -2% 0% -64% $51,535,448 NMT Neometals Ltd 0.089 -2% -10% -10% -63% $68,478,832 WA1 Wa1Resourcesltd 13.35 -2% -2% -32% 34% $904,005,610 ABX ABX Group Limited 0.042 -2% 0% -28% -44% $10,501,693 KOB Kobaresourceslimited 0.082 -2% -22% -29% 0% $13,002,052 EGR Ecograf Limited 0.081 -2% -8% -44% -63% $36,784,677 A8G Australasian Metals 0.078 -3% -38% 10% -55% $4,065,399 PMT Patriotbatterymetals 0.36 -3% -19% -57% -67% $212,417,521 BC8 Black Cat Syndicate 0.53 -3% -2% 66% 104% $289,336,233 LTM Arcadium Lithium PLC 8.06 -3% -1% 16% 0% $2,361,076,532 WCN White Cliff Min Ltd 0.0175 -3% -27% 9% 59% $33,083,238 RNU Renascor Res Ltd 0.069 -3% -14% -31% -58% $175,386,247 L1M Lightning Minerals 0.068 -3% -6% -28% -50% $6,506,876 RVT Richmond Vanadium 0.31 -3% -6% 24% -14% $26,724,420 EMN Euromanganese 0.059 -3% 23% -30% -39% $12,540,568 MAN Mandrake Res Ltd 0.026 -4% -10% -32% -26% $16,308,758 LYC Lynas Rare Earths 7.6 -4% -2% 10% 10% $7,103,858,206 FGR First Graphene Ltd 0.0375 -4% -17% -31% -53% $25,118,498 DEV Devex Resources Ltd 0.115 -4% -21% -66% -55% $50,794,427 MLX Metals X Limited 0.46 -4% 1% 10% 64% $412,452,474 REE Rarex Limited 0.0115 -4% -12% -28% -62% $9,209,727 ICL Iceni Gold 0.046 -4% 18% -35% -23% $12,760,622 PEK Peak Rare Earths Ltd 0.11 -4% -41% -51% -71% $33,703,478 ZNC Zenith Minerals Ltd 0.044 -4% -10% -45% -76% $17,741,645 PEK Peak Rare Earths Ltd 0.11 -4% -41% -51% -71% $33,703,478 CXO Core Lithium 0.105 -5% -13% -28% -71% $225,016,632 GBR Greatbould Resources 0.042 -5% -24% -35% -34% $31,873,304 CTM Centaurus Metals Ltd 0.42 -5% -17% 2% -13% $208,614,509 FRB Firebird Metals 0.105 -5% -16% -50% -40% $14,947,947 IDA Indiana Resources 0.105 -5% 11% 35% 82% $66,766,484 BUX Buxton Resources Ltd 0.062 -5% 0% -46% -69% $13,074,394 DYM Dynamicmetalslimited 0.205 -5% 8% 24% 3% $7,380,000 NTU Northern Min Ltd 0.02 -5% -5% -44% -33% $160,685,107 BHP BHP Group Limited 40.55 -5% -7% -6% -11% $205,746,693,173 PLL Piedmont Lithium Inc 0.195 -5% -3% 0% -51% $80,805,075 LIT Livium Ltd 0.019 -5% -14% -28% -42% $24,977,281 FBM Future Battery 0.018 -5% -5% -65% -79% $11,976,407 EMS Eastern Metals 0.018 -5% -14% -44% -36% $2,046,172 HRE Heavy Rare Earths 0.036 -5% -5% -3% -62% $3,033,905 OMH OM Holdings Limited 0.355 -5% -9% -37% -21% $272,021,164 E25 Element 25 Ltd 0.265 -5% -17% -22% -37% $58,276,786 AGY Argosy Minerals Ltd 0.035 -5% -15% -73% -76% $50,957,233 NIC Nickel Industries 0.875 -5% -5% -11% 14% $3,753,583,645 S2R S2 Resources 0.07 -5% -14% -42% -62% $31,700,060 BKT Black Rock Mining 0.049 -6% -2% -25% -57% $61,350,381 ILU Iluka Resources 5.54 -6% -16% -27% -20% $2,372,442,320 MEK Meeka Metals Limited 0.065 -6% 8% 86% 81% $154,378,612 S32 South32 Limited 3.54 -6% -2% -2% 16% $16,007,985,938 SRI Sipa Resources Ltd 0.016 -6% -6% -6% -24% $3,650,530 MIN Mineral Resources. 34.95 -6% -31% -54% -40% $6,868,325,210 AZL Arizona Lithium Ltd 0.015 -6% -12% -32% -64% $67,107,218 DRE Dreadnought Resources Ltd 0.015 -6% -17% -17% -56% $56,291,250 DLI Delta Lithium 0.22 -6% -14% -31% -57% $156,949,571 1MC Morella Corporation 0.029 -6% -3% -42% -83% $8,789,569 EMH European Metals Hldg 0.145 -6% -17% -68% -77% $30,079,482 INR Ioneer Ltd 0.215 -7% -9% 2% 43% $506,444,866 A11 Atlantic Lithium 0.215 -7% -44% -47% -46% $141,708,958 1AE Auroraenergymetals 0.043 -7% -4% -47% -56% $7,699,741 DVP Develop Global Ltd 2.19 -7% -9% -4% -23% $594,420,947 BNR Bulletin Res Ltd 0.041 -7% -9% -21% -74% $12,038,146 ARU Arafura Rare Earths 0.13 -7% -28% -30% -32% $320,362,730 M24 Mamba Exploration 0.012 -8% -8% -45% -60% $2,256,987 EV1 Evolutionenergy 0.035 -8% -17% -49% -75% $12,619,850 INF Infinity Lithium 0.034 -8% -11% -36% -72% $15,728,131 EVG Evion Group NL 0.034 -8% 6% 42% -6% $11,796,748 PTR Petratherm Ltd 0.045 -8% -24% 67% -4% $13,656,704 SBR Sabre Resources 0.011 -8% -15% -42% -69% $4,322,581 HAW Hawthorn Resources 0.054 -8% -7% -19% -46% $18,090,843 GRE Greentechmetals 0.105 -9% -19% -46% -85% $8,723,397 PNT Panthermetalsltd 0.021 -9% -30% -33% -60% $4,942,321 LLI Loyal Lithium Ltd 0.105 -9% -28% -59% -76% $9,736,972 KNI Kunikolimited 0.205 -9% 17% -2% -21% $17,787,700 PGM Platina Resources 0.02 -9% -2% -9% -29% $12,463,607 GSM Golden State Mining 0.01 -9% -9% -23% -47% $2,793,706 NC1 Nicoresourceslimited 0.1 -9% -20% -31% -67% $10,945,058 ASO Aston Minerals Ltd 0.01 -9% -17% -23% -69% $12,950,643 OCN Oceanalithiumlimited 0.03 -9% -30% -38% -76% $2,474,940 ANX Anax Metals Ltd 0.01 -9% -33% -83% -67% $8,714,349 GL1 Globallith 0.195 -9% -26% -51% -84% $50,814,638 BUR Burleyminerals 0.067 -9% -4% -57% -68% $10,074,853 IMI Infinitymining 0.019 -10% -50% -68% -84% $4,807,139 KZR Kalamazoo Resources 0.085 -10% 0% -29% -29% $17,106,805 LOT Lotus Resources Ltd 0.23 -10% -16% -49% -13% $483,281,232 QXR Qx Resources Limited 0.0045 -10% -36% -64% -85% $5,760,350 FRS Forrestaniaresources 0.0135 -10% -10% -29% -53% $2,509,170 GED Golden Deeps 0.027 -10% -16% -31% -53% $4,091,103 RMX Red Mount Min Ltd 0.009 -10% -10% -40% -79% $3,486,220 SLZ Sultan Resources Ltd 0.009 -10% 50% -18% -39% $2,083,229 WMG Western Mines 0.18 -10% -23% -52% -37% $15,327,194 DM1 Desert Metals 0.027 -10% 0% 35% -33% $7,166,494 TLG Talga Group Ltd 0.52 -10% 37% -21% -54% $223,079,793 TOR Torque Met 0.058 -11% -28% -65% -66% $13,572,808 OD6 Od6Metalsltd 0.041 -11% 8% -41% -78% $5,276,297 NVA Nova Minerals Ltd 0.2 -11% 11% -18% -20% $54,627,376 SRZ Stellar Resources 0.016 -11% -11% -11% 78% $33,276,009 WSR Westar Resources 0.008 -11% -20% -20% -58% $3,189,799 KNG Kingsland Minerals 0.195 -11% -7% -11% -25% $14,149,378 PGD Peregrine Gold 0.15 -12% -12% -38% -46% $10,181,763 GRL Godolphin Resources 0.015 -12% 7% -40% -57% $4,743,168 AVL Aust Vanadium Ltd 0.014 -13% -7% -13% -36% $120,885,213 EFE Eastern Resources 0.0035 -13% -13% -50% -71% $4,346,813 CTN Catalina Resources 0.0035 -13% 17% 17% 0% $4,334,704 CRR Critical Resources 0.007 -13% -13% -42% -77% $13,745,785 GCM Green Critical Min 0.007 -13% 133% 100% 8% $10,682,298 THR Thor Energy PLC 0.014 -13% 0% -13% -42% $3,382,069 COB Cobalt Blue Ltd 0.082 -13% -2% -12% -67% $34,642,929 TKM Trek Metals Ltd 0.026 -13% -13% -37% -49% $13,360,694 RXL Rox Resources 0.155 -14% 19% -9% -24% $63,642,269 VTM Victory Metals Ltd 0.365 -14% -1% 46% 55% $38,408,463 MOH Moho Resources 0.006 -14% 0% 20% -25% $4,043,836 AM7 Arcadia Minerals 0.03 -14% -17% -50% -66% $3,511,503 KGD Kula Gold Limited 0.006 -14% -14% -40% -54% $3,859,272 FIN FIN Resources Ltd 0.006 -14% 0% -50% -81% $3,895,612 SRL Sunrise 0.29 -15% -28% -51% -58% $26,165,974 LKE Lake Resources 0.052 -15% 8% -17% -69% $90,330,552 CY5 Cygnus Metals Ltd 0.115 -15% 39% 37% -26% $54,584,713 GT1 Greentechnology 0.068 -15% -26% -32% -83% $26,435,143 WIN WIN Metals 0.022 -15% -54% -41% -86% $10,473,965 TAR Taruga Minerals 0.011 -15% 10% 22% 16% $7,766,295 AS2 Askarimetalslimited 0.021 -16% -25% -58% -89% $2,160,273 CZN Corazon Ltd 0.005 -17% -17% -50% -69% $3,339,528 AAJ Aruma Resources Ltd 0.015 -17% -12% 0% -55% $3,330,873 PUR Pursuit Minerals 0.0025 -17% -17% -44% -75% $9,088,500 CMX Chemxmaterials 0.03 -17% -19% -41% -63% $3,870,670 KAI Kairos Minerals Ltd 0.015 -17% 20% 20% -6% $39,463,683 CHN Chalice Mining Ltd 1.46 -18% -5% 7% -7% $567,979,110 PVW PVW Res Ltd 0.018 -18% -18% -40% -67% $3,580,286 MQR Marquee Resource Ltd 0.013 -19% -19% -7% -61% $5,412,997 KFM Kingfisher Mining 0.051 -19% -22% -26% -64% $2,739,465 SYR Syrah Resources 0.24 -20% -16% -49% -66% $248,374,024 G88 Golden Mile Res Ltd 0.012 -20% -8% 0% -52% $5,673,874 WML Woomera Mining Ltd 0.002 -20% -20% -50% -92% $4,333,180 SCN Scorpion Minerals 0.012 -20% -25% -48% -79% $4,913,474 SYR Syrah Resources 0.24 -20% -16% -49% -66% $248,374,024 VR8 Vanadium Resources 0.031 -21% -34% -34% -28% $17,441,381 EUR European Lithium Ltd 0.023 -21% -38% -52% -71% $32,156,821 GW1 Greenwing Resources 0.049 -21% -26% -37% -67% $11,791,923 ASL Andean Silver 0.95 -22% -13% 53% 322% $148,935,067 KM1 Kalimetalslimited 0.125 -24% -26% -70% 0% $9,603,453 LRV Larvottoresources 0.485 -25% 33% 416% 360% $162,747,998 VRC Volt Resources Ltd 0.003 -25% -25% -40% -57% $12,476,034 EVR Ev Resources Ltd 0.003 -25% -27% -64% -70% $4,188,814 CDT Castle Minerals 0.002 -33% -33% -67% -81% $3,334,462
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Weekly Small Cap Standouts
Once a fast-moving nickel explorer, MHK has raised $2.5 million at 20c per share to fund gold exploration at its Leinster South project, where an ‘extensive’ maiden drilling program has been promised.
A heritage survey is scheduled for early 2025 ahead of a maiden drilling campaign at Leinster South where a number of targets have been identified via mapping and geochemical sampling.
They include Siberian Tiger, Tysons and Thylacine, some 1.5km east-southeast of Siberian Tiger, where recent rock chips returned grades of up to 62g/t gold.
None have been drilled historically, but the location is intriguing – some 30km south Leinster in the vicinity of Gold Fields’ Agnew-Lawlers mine.
Vulcan Energy Resources (ASX:VUL)
Vulcan has scored (A$162m) from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Recovery and Resilience Facility via the German Recovery and Resilience Plan (the BEW Funding) for its HEAT4LANDAU project.
The project comprises of infrastructure necessary for 255MW of renewable geothermal heat generation, transport and delivery to support Landau’s transition to sustainable and renewable district heating starting in 2026.
“Securing this funding is a major milestone for Vulcan in fulfilling our commitment to decarbonising Germany’s energy landscape,” managing director and CEO Cris Moreno said.
“By delivering sustainable, renewable geothermal heat to Landau and surrounding communities, we are taking a significant step towards a 100% carbon neutral district heating network.”
The company says the BEW funding will enable transformative measures for decarbonising district heating networks in Landau, which is part of Vulcan’s Phase One Lionheart project, a billion-plus Euro development to make lithium hydroxide from fluids in geothermal wells.
VUL has produced its first lithium hydroxide for qualification by customers, which include European auto giants BMW, Stellantis, Renault and downstream materials producer Umicore.
The 24,000tpa first phase would be the first commercial lithium chemical producer in Europe with a domestic resource, producing enough lithium hydroxide for 500,000 vehicles annually.
International Graphite (ASX:IG6)
Graphite player IG6 has completed a funding agreement for a $4.5 million grant from the WA government to build a 3000tpa micronising facility in Collie, where a bunch of state funding is being thrown to develop industries outside the South-West town’s threatened coal mining industry.
The first $2m will be put toward the first stage of the plant, which will carry a $4m cost. The balance of the funding will be provided via a critical minerals office grant from Canberra, taking the risk off IG6’s balance sheet.
A doubling of capacity in stage 2 will be partly funded with a further $2.5m from the State’s Department of Jobs, Tourism, Science and Innovation.
“We are excited to be pushing ahead with the construction of the new plant at Collie. Establishing a micronising business in Collie has been an important step in our development plans,” IG6 MD Andrew Worland said.
“Critically it will establish the company as a producer in the graphite industry and build further our technical skills as we progress our Springdale mine to market battery anode material strategy.”
IG6 plans to eventually produce 10,000tpa. It says high and ultra-high purity micronised graphite is “an essential ingredient for a wide range of industrial products, such as cathode additives for batteries, polymers, adhesives, ceramics and specialty lubricants.”
The company thinks it could become among the largest producers of micronised graphite outside China, looking to produce 95% total graphitic content and 99% TGC from concentrates sourced at the Springdale deposit near Ravensthorpe in WA’s south.
A 2023 DFS put a US$1980/t cost on producing micronised graphite using third party product with a $12.5m capex for a 4000tpa plant, though with front-end engineering design coming up the company says it expects operating costs to be lower than in the original feas study.
But a much larger investment, into the hundreds of millions, will be needed to build a fully integrated business included the $76m Springdale mine and spheronising plants at Collie, based off an early 2024 scoping study.
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