Pic: Javier Zayas Photography, Moment/ Via Getty Images
Mining
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
A few weeks back Goldman Sachs, and then Credit Suisse – both well respected investment banks – released reports forecasting imminent oversupply in the lithium space.
“… a prolonged phase of surplus starting this year” would cause lithium prices to plunge, they said, to around $US16,000/t LCE from $US70,000/t currently.
Lithium stocks were hammered.
In the ensuing weeks, however, industry experts and fellow investment banks have come out to counter these claims.
Among them is Benchmark Mineral Intelligence, the OG when it comes to battery metals and battery supply chain analysis.
They give four reasons why Goldman Sachs is wrong, and why the lithium market will remain in structural shortage until 2025.
Goldman sees the most “significant” new lithium supply as coming from China.
But Benchmark says known domestic Chinese spodumene and other hard rock resources are low quality – a key reason why Chinese convertors have increasingly relied on Aussie production instead.
China’s deposits of lepidolite, for example, which Goldman expects to add significant new lithium supply volumes in the coming years, have “a high waste-to-ore ratio of 20:1, subsequent high waste-disposal costs, and high processing costs, all of which make it a marginal source of lithium”.
“Associated opex and ramp up times are also commonly underestimated,” Benchmark says.
Chinese brine resources are also low quality “and have always struggled to produce meaningful volumes of lithium into the market, let alone of battery-grade quality”, Benchmark says.
“Production of lithium from China’s Qinghai province has struggled to ramp up production despite over a decade of efforts, including by electric car maker BYD,” it says.
We’ve seen this before, we will see it again. Goldman Sachs: you can’t just add up all the #lithium mine level potential & make an oversupply call
The speciality chemicals world is more nuanced than iron ore
It’s why the world doesn’t rely investment banks for research any more
— Simon Moores (@sdmoores) June 1, 2022
Just because a company says a project will produce 15,000 tonnes of LCE a year, doesn’t mean that it will.
Even outside of China, planning does not always equal reality, with recent efforts to build lithium processing facilities suffering from rising costs and delays, Benchmark says.
Tianqi Lithium’s Kwinana lithium hydroxide refinery in WA was announced in late 2016 and set to start at the end of 2018.
Instead, first production occurred in the second quarter of this year, with full production targeted for 2025.
“Building upstream of the EV battery supply chain takes time and rarely goes to plan,” says Simon Moores, chief executive of Benchmark.
“For Tianqi it’s been the best part of a decade.”
As demand for lithium grows, deposits with unconventional mineralogy, lower grades, and higher strip ratios will be developed, Benchmark says.
“In the last two years, higher inflation, supply chain bottlenecks and cost-blowouts have pushed incentive prices higher,” Benchmark says.
“Some new lithium supply also relies on new technologies which will add higher costs.
“As a result, it’s unlikely that lithium prices will drop back down to previous lows.”
While red hot Chinese spot prices get all the headlines, a large portion of the market is under long term fixed price contracts, and an equally significant portion is under contract with variable prices.
These prices have generally lagged spot and are still rising.
Combined with existing contracting arrangements set in 2022, prices are very unlikely to crash in 2023 and 2024, according to Benchmark’s Lithium Forecast.
“Benchmark’s view is that contract prices are likely to continue to rise as a lagged effect of the major step-change in spot pricing over late 2021 and 2022 while spot prices will fall, with the two prices coming into more of an equilibrium than they are now,” it says.
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected]. Be nice, he’s fragile.
| CODE | COMPANY | 1 WEEK RETURN % | 1 MONTH RETURN % | 6 MONTH RETURN % | 1 YEAR RETURN % | PRICE | MARKET CAP |
|---|---|---|---|---|---|---|---|
| SGQ | St George Min Ltd | 8% | 0% | -40% | -55% | 0.039 | $29,935,381.12 |
| ENV | Enova Mining Limited | 6% | 0% | -23% | -23% | 0.017 | $5,875,440.99 |
| LKE | Lake Resources | 5% | 6% | 67% | 451% | 1.4875 | $1,885,050,941.20 |
| FRB | Firebird Metals | 4% | 25% | -13% | -47% | 0.35 | $18,370,732.80 |
| VIA | Viagold Rare Earth | 0% | 0% | 0% | 2339% | 2 | $166,624,808.00 |
| HNR | Hannans Ltd | 0% | -16% | -40% | 166% | 0.021 | $54,731,701.00 |
| CZN | Corazon Ltd | 0% | -11% | -16% | -23% | 0.025 | $15,868,594.48 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | 12% | 388% | 0.78 | $2,752,409,203.44 |
| CLA | Celsius Resource Ltd | 0% | -5% | -10% | -50% | 0.019 | $23,207,849.59 |
| TKL | Traka Resources | 0% | -11% | -33% | -53% | 0.008 | $5,510,196.49 |
| ATM | Aneka Tambang | 0% | 0% | 19% | 25% | 1.25 | $1,629,561.25 |
| LML | Lincoln Minerals | 0% | 0% | 0% | 0% | 0.008 | $4,599,869.49 |
| WKT | Walkabout Resources | 0% | -7% | 13% | 13% | 0.215 | $97,239,149.08 |
| TSC | Twenty Seven Co. Ltd | 0% | -25% | -33% | -25% | 0.003 | $7,982,441.72 |
| CMO | Cosmometalslimited | 0% | -4% | 0% | 0% | 0.135 | $3,316,300.00 |
| CML | Chase Mining Limited | 0% | 17% | -7% | -18% | 0.014 | $6,553,858.65 |
| RR1 | Reach Resources Ltd | 0% | -33% | -50% | -64% | 0.004 | $7,640,202.56 |
| PNT | Panthermetalsltd | 0% | -14% | -5% | 0% | 0.19 | $5,510,000.00 |
| CLZ | Classic Min Ltd | 0% | 0% | 0% | 0% | 0.001 | $31,024,646.55 |
| CXO | Core Lithium | 0% | 4% | 127% | 367% | 1.19 | $2,156,779,639.38 |
| AZI | Altamin Limited | -1% | -4% | 44% | 17% | 0.095 | $37,213,091.44 |
| IG6 | Internationalgraphit | -1% | 10% | 0% | 0% | 0.34 | $28,520,837.80 |
| PSC | Prospect Res Ltd | -2% | 0% | 41% | 428% | 0.95 | $425,611,592.50 |
| RAG | Ragnar Metals Ltd | -2% | 16% | 23% | 43% | 0.043 | $17,063,320.01 |
| BRB | Breaker Res NL | -2% | -9% | -34% | 17% | 0.205 | $71,685,004.38 |
| QEM | QEM Limited | -2% | 3% | 14% | 14% | 0.2 | $24,326,032.40 |
| ADD | Adavale Resource Ltd | -3% | -12% | -22% | -69% | 0.029 | $11,704,791.35 |
| STM | Sunstone Metals Ltd | -4% | -18% | -53% | 161% | 0.047 | $131,296,767.32 |
| JMS | Jupiter Mines. | -5% | -5% | -5% | -34% | 0.205 | $430,978,027.26 |
| OMH | OM Holdings Limited | -5% | -6% | -8% | -9% | 0.79 | $601,978,019.66 |
| LNR | Lanthanein Resources | -5% | -27% | -5% | 31% | 0.019 | $15,080,860.26 |
| SRI | Sipa Resources Ltd | -5% | -5% | -8% | -33% | 0.037 | $7,995,967.32 |
| NVA | Nova Minerals Ltd | -6% | -6% | -50% | -62% | 0.595 | $101,814,291.03 |
| BHP | BHP Group Limited | -6% | 7% | 19% | 0% | 43.63 | $233,980,577,841.80 |
| CWX | Carawine Resources | -7% | -7% | -24% | -44% | 0.14 | $19,296,808.58 |
| HXG | Hexagon Energy | -7% | -11% | -67% | -70% | 0.025 | $13,848,729.33 |
| TON | Triton Min Ltd | -8% | -4% | -29% | -33% | 0.024 | $33,987,172.78 |
| RFR | Rafaella Resources | -8% | -16% | -40% | -62% | 0.036 | $8,620,719.36 |
| FG1 | Flynngold | -8% | -11% | -35% | 0% | 0.12 | $8,327,936.50 |
| EMT | Emetals Limited | -8% | 0% | -33% | -54% | 0.012 | $11,050,000.00 |
| MIN | Mineral Resources. | -8% | 1% | 12% | 11% | 54.67 | $10,748,523,978.27 |
| S2R | S2 Resources | -8% | 10% | -15% | 18% | 0.165 | $64,147,473.90 |
| FTL | Firetail Resources | -8% | 5% | 0% | 0% | 0.33 | $21,314,962.50 |
| MOH | Moho Resources | -9% | -26% | -46% | -57% | 0.032 | $5,268,808.48 |
| VMC | Venus Metals Cor Ltd | -9% | -11% | -9% | -16% | 0.16 | $25,683,376.11 |
| HAS | Hastings Tech Met | -9% | -13% | -11% | 35% | 0.21 | $466,657,409.57 |
| IGO | IGO Limited | -9% | 3% | 2% | 43% | 10.83 | $8,647,998,424.46 |
| BOA | Boadicea Resources | -9% | -3% | -23% | -47% | 0.155 | $12,431,983.20 |
| OZL | OZ Minerals | -9% | 2% | -20% | -14% | 22 | $7,936,804,874.69 |
| BUX | Buxton Resources Ltd | -9% | -7% | -5% | -26% | 0.081 | $11,812,156.61 |
| VR8 | Vanadium Resources | -9% | -20% | 27% | 57% | 0.08 | $41,195,576.54 |
| DTM | Dart Mining NL | -9% | -9% | -27% | -57% | 0.06 | $8,791,910.40 |
| PNN | PepinNini Minerals | -10% | -29% | -11% | 28% | 0.41 | $28,291,608.16 |
| ADV | Ardiden Ltd | -10% | -25% | -18% | -10% | 0.009 | $24,015,018.20 |
| PUR | Pursuit Minerals | -10% | -10% | -36% | -77% | 0.018 | $17,965,434.69 |
| IMI | Infinitymining | -10% | -16% | 0% | 0% | 0.135 | $8,912,500.00 |
| ILU | Iluka Resources | -10% | -2% | -3% | 23% | 9.6 | $4,437,513,235.62 |
| LPD | Lepidico Ltd | -10% | 0% | -38% | 86% | 0.026 | $182,200,802.92 |
| MLX | Metals X Limited | -11% | -18% | -20% | 58% | 0.41 | $394,660,739.15 |
| INF | Infinity Lithium | -11% | -14% | -29% | 29% | 0.12 | $58,101,829.24 |
| IPT | Impact Minerals | -11% | -24% | -39% | -48% | 0.008 | $19,850,964.45 |
| MMC | Mitremining | -11% | -17% | -40% | 0% | 0.12 | $3,521,063.00 |
| AQD | Ausquest Limited | -11% | 20% | 41% | 4% | 0.024 | $19,803,581.35 |
| EFE | Eastern Resources | -11% | -31% | -61% | 100% | 0.024 | $26,849,789.04 |
| AVW | Avira Resources Ltd | -11% | -20% | -20% | -20% | 0.004 | $8,475,160.00 |
| AKN | Auking Mining Ltd | -11% | -24% | -37% | -78% | 0.087 | $8,340,714.99 |
| S32 | South32 Limited | -11% | 1% | 17% | 52% | 4.47 | $22,253,056,464.00 |
| LYC | Lynas Rare Earths | -11% | -4% | -8% | 45% | 8.29 | $7,733,667,017.78 |
| SCN | Scorpion Minerals | -11% | -10% | 7% | 26% | 0.078 | $26,214,664.17 |
| ESR | Estrella Res Ltd | -12% | 10% | -8% | -60% | 0.023 | $27,615,675.42 |
| EGR | Ecograf Limited | -12% | -17% | -50% | -50% | 0.335 | $177,881,716.31 |
| AZS | Azure Minerals | -12% | 8% | -28% | -4% | 0.26 | $90,113,359.09 |
| G88 | Golden Mile Res Ltd | -12% | -17% | -14% | -26% | 0.043 | $10,186,630.70 |
| PLS | Pilbara Min Ltd | -13% | -14% | -21% | 50% | 2.125 | $6,697,908,864.00 |
| TNG | TNG Limited | -13% | -14% | -21% | -8% | 0.061 | $88,858,766.21 |
| MAN | Mandrake Res Ltd | -13% | -26% | -13% | -82% | 0.04 | $22,257,963.14 |
| CNB | Carnaby Resource Ltd | -13% | -30% | 168% | 128% | 0.765 | $115,648,715.20 |
| WMG | Western Mines | -13% | -25% | -3% | 0% | 0.165 | $6,410,687.50 |
| EMN | Euromanganese | -13% | -30% | -52% | -61% | 0.23 | $69,193,638.99 |
| AAJ | Aruma Resources Ltd | -13% | -16% | -3% | 5% | 0.065 | $10,987,305.21 |
| ZNC | Zenith Minerals Ltd | -14% | -14% | 42% | 36% | 0.32 | $125,525,016.58 |
| AM7 | Arcadia Minerals | -14% | -12% | -14% | 0% | 0.19 | $7,523,387.50 |
| AKE | Allkem Limited | -14% | -10% | 9% | 48% | 10.03 | $6,912,213,652.24 |
| EUR | European Lithium Ltd | -14% | -24% | -52% | -3% | 0.06 | $92,655,213.61 |
| ENT | Enterprise Metals | -14% | -14% | -24% | -47% | 0.012 | $8,380,409.12 |
| KOB | Kobaresourceslimited | -14% | -23% | 0% | 0% | 0.15 | $11,700,000.00 |
| PEK | Peak Rare Earths Ltd | -14% | -29% | -53% | -70% | 0.385 | $88,123,128.23 |
| GL1 | Globallith | -15% | -17% | 124% | 408% | 1.32 | $224,558,032.24 |
| AVL | Aust Vanadium Ltd | -15% | -38% | 21% | 59% | 0.035 | $141,433,455.89 |
| STK | Strickland Metals | -15% | -23% | -12% | 41% | 0.058 | $85,834,682.69 |
| CTM | Centaurus Metals Ltd | -15% | -8% | -8% | 38% | 0.98 | $457,003,712.11 |
| COB | Cobalt Blue Ltd | -15% | -18% | 68% | 82% | 0.655 | $228,047,680.36 |
| BKT | Black Rock Mining | -15% | -17% | -28% | 0% | 0.17 | $180,792,294.51 |
| AOU | Auroch Minerals Ltd | -15% | -18% | -30% | -59% | 0.073 | $31,772,854.71 |
| GME | GME Resources Ltd | -15% | -8% | 104% | 81% | 0.11 | $71,278,891.44 |
| THR | Thor Mining PLC | -15% | -8% | -21% | -45% | 0.011 | $12,807,611.68 |
| GED | Golden Deeps | -16% | -4% | 13% | 13% | 0.0135 | $16,173,174.00 |
| CMX | Chemxmaterials | -16% | -30% | 0% | 0% | 0.16 | $8,804,742.69 |
| GLN | Galan Lithium Ltd | -16% | -20% | -35% | 38% | 1.1 | $363,757,237.59 |
| AML | Aeon Metals Ltd. | -16% | -32% | -33% | -70% | 0.026 | $26,760,545.72 |
| LTR | Liontown Resources | -16% | -15% | -36% | 70% | 1.035 | $2,444,331,095.77 |
| MNS | Magnis Energy Tech | -16% | -23% | -32% | 9% | 0.31 | $333,437,438.51 |
| PGM | Platina Resources | -16% | -14% | -38% | -56% | 0.031 | $15,203,381.97 |
| MNS | Magnis Energy Tech | -16% | -23% | -32% | 9% | 0.31 | $333,437,438.51 |
| NTU | Northern Min Ltd | -16% | -10% | -29% | 0% | 0.036 | $189,530,495.66 |
| TMB | Tambourahmetals | -16% | -14% | -22% | 0% | 0.18 | $7,414,667.64 |
| PLL | Piedmont Lithium Inc | -16% | 0% | -17% | -26% | 0.69 | $390,402,392.00 |
| NIC | Nickel Industries | -16% | -8% | -22% | -3% | 1.0575 | $3,181,933,624.01 |
| LIT | Lithium Australia | -17% | -19% | -39% | -39% | 0.07 | $83,867,826.95 |
| CHR | Charger Metals | -17% | -29% | -5% | 0% | 0.4 | $14,824,370.93 |
| KAI | Kairos Minerals Ltd | -17% | -26% | -20% | -44% | 0.02 | $43,166,056.80 |
| SRL | Sunrise | -17% | -1% | 51% | 34% | 2.7 | $252,162,061.20 |
| NMT | Neometals Ltd | -17% | -29% | -8% | 96% | 0.995 | $581,278,979.76 |
| AX8 | Accelerate Resources | -17% | -26% | -22% | -29% | 0.029 | $8,694,143.67 |
| RXL | Rox Resources | -17% | -21% | -28% | -41% | 0.265 | $49,837,579.37 |
| ASO | Aston Minerals Ltd | -17% | -17% | -10% | -43% | 0.1075 | $136,820,677.25 |
| PGD | Peregrine Gold | -17% | -14% | 4% | 6% | 0.38 | $16,846,134.36 |
| TEM | Tempest Minerals | -18% | -39% | 65% | 111% | 0.0395 | $22,714,477.92 |
| FGR | First Graphene Ltd | -18% | 0% | -49% | -52% | 0.115 | $75,604,559.76 |
| KOR | Korab Resources | -18% | -28% | -62% | 77% | 0.023 | $8,442,150.00 |
| AXE | Archer Materials | -18% | -11% | -46% | -16% | 0.62 | $180,138,725.08 |
| AZL | Arizona Lithium Ltd | -18% | -27% | 3% | 231% | 0.1025 | $245,599,113.32 |
| MRC | Mineral Commodities | -18% | -18% | -18% | -61% | 0.086 | $51,359,100.86 |
| GW1 | Greenwing Resources | -18% | -26% | -43% | -10% | 0.225 | $31,428,074.00 |
| CRR | Critical Resources | -18% | -26% | 29% | 74% | 0.054 | $80,337,305.68 |
| LOT | Lotus Resources Ltd | -18% | -14% | -26% | 19% | 0.2325 | $249,604,330.31 |
| PAN | Panoramic Resources | -19% | -8% | -6% | 38% | 0.22 | $522,983,071.02 |
| TLG | Talga Group Ltd | -19% | -16% | -32% | -27% | 1.095 | $385,792,766.54 |
| IPX | Iperionx Limited | -19% | -26% | -33% | -41% | 0.635 | $106,619,253.16 |
| GT1 | Greentechnology | -19% | -6% | 106% | 0% | 0.74 | $113,753,720.00 |
| JRV | Jervois Global Ltd | -19% | -23% | 11% | 4% | 0.6 | $1,010,634,389.07 |
| E25 | Element 25 Ltd | -19% | -17% | -50% | -77% | 0.53 | $87,808,462.18 |
| VML | Vital Metals Limited | -19% | -14% | -18% | -22% | 0.042 | $191,842,221.86 |
| GSR | Greenstone Resources | -19% | 31% | 59% | 119% | 0.046 | $52,272,638.14 |
| KGD | Kula Gold Limited | -19% | -31% | -42% | -39% | 0.025 | $6,455,268.96 |
| GAL | Galileo Mining Ltd | -19% | 137% | 495% | 383% | 1.28 | $256,589,853.10 |
| MCR | Mincor Resources NL | -20% | -8% | 53% | 91% | 1.93 | $1,017,170,903.70 |
| IXR | Ionic Rare Earths | -20% | -27% | -11% | 54% | 0.04 | $166,522,011.56 |
| QPM | Queensland Pacific | -20% | -17% | -31% | -27% | 0.12 | $195,451,641.38 |
| EMH | European Metals Hldg | -20% | -24% | -44% | -55% | 0.76 | $118,956,535.43 |
| RGL | Riversgold | -20% | -20% | 77% | -20% | 0.032 | $25,716,783.97 |
| LPI | Lithium Pwr Int Ltd | -20% | -35% | -19% | 74% | 0.375 | $150,132,284.64 |
| REE | Rarex Limited | -20% | -20% | -41% | -33% | 0.059 | $37,138,484.86 |
| LMG | Latrobe Magnesium | -21% | -22% | -49% | 170% | 0.054 | $99,428,876.16 |
| NC1 | Nicoresourceslimited | -21% | -6% | 0% | 0% | 0.88 | $87,250,002.00 |
| CZL | Cons Zinc Ltd | -21% | -5% | -32% | -53% | 0.019 | $7,993,871.89 |
| DEV | Devex Resources Ltd | -21% | -32% | -54% | -43% | 0.265 | $103,680,709.77 |
| WCN | White Cliff Min Ltd | -21% | -32% | -6% | -6% | 0.015 | $11,764,860.52 |
| ESS | Essential Metals Ltd | -21% | -25% | 116% | 243% | 0.3775 | $105,973,386.48 |
| NWC | New World Resources | -21% | -23% | -51% | -65% | 0.033 | $63,876,112.88 |
| MRD | Mount Ridley Mines | -21% | -21% | -31% | -8% | 0.0055 | $29,285,142.20 |
| POS | Poseidon Nick Ltd | -22% | -22% | -42% | -36% | 0.051 | $174,645,692.98 |
| FRS | Forrestaniaresources | -22% | -46% | -52% | 0% | 0.145 | $4,495,808.64 |
| ARL | Ardea Resources Ltd | -22% | -10% | 88% | 77% | 0.94 | $173,132,527.44 |
| LEG | Legend Mining | -22% | -24% | -5% | -57% | 0.054 | $162,553,007.54 |
| BNR | Bulletin Res Ltd | -22% | -24% | 64% | 83% | 0.125 | $39,162,298.50 |
| GRE | Greentechmetals | -22% | -31% | 0% | 0% | 0.125 | $4,691,999.85 |
| ARN | Aldoro Resources | -22% | -30% | -60% | -52% | 0.16 | $17,362,378.08 |
| CAI | Calidus Resources | -22% | -24% | 8% | 25% | 0.6475 | $276,071,205.73 |
| PVW | PVW Res Ltd | -22% | -23% | -45% | 77% | 0.23 | $24,650,796.88 |
| SYA | Sayona Mining Ltd | -22% | -45% | 2% | 101% | 0.1325 | $1,153,947,221.84 |
| SHH | Shree Minerals Ltd | -22% | -30% | -22% | -50% | 0.007 | $9,777,895.14 |
| BEM | Blackearth Minerals | -23% | -26% | -40% | -35% | 0.072 | $22,979,428.87 |
| NKL | Nickelxltd | -23% | -25% | 9% | -29% | 0.12 | $8,694,000.00 |
| RNU | Renascor Res Ltd | -23% | -26% | 42% | 105% | 0.17 | $376,887,442.93 |
| AGY | Argosy Minerals Ltd | -23% | -5% | 28% | 229% | 0.345 | $522,051,750.99 |
| WML | Woomera Mining Ltd | -23% | 0% | 20% | -14% | 0.018 | $13,736,661.32 |
| SYR | Syrah Resources | -24% | -28% | -3% | 13% | 1.2125 | $910,442,220.24 |
| VUL | Vulcan Energy | -24% | -20% | -53% | -36% | 5.66 | $846,477,928.70 |
| TMT | Technology Metals | -24% | -11% | 5% | -9% | 0.32 | $78,684,208.88 |
| JRL | Jindalee Resources | -24% | -21% | 23% | -3% | 2.74 | $175,005,846.30 |
| CAE | Cannindah Resources | -24% | -28% | 6% | 192% | 0.19 | $109,417,125.17 |
| SLZ | Sultan Resources Ltd | -24% | -21% | -31% | -57% | 0.11 | $10,410,548.63 |
| WIN | Widgienickellimited | -24% | -25% | 39% | 0% | 0.265 | $76,311,000.00 |
| BSX | Blackstone Ltd | -25% | -27% | -67% | -45% | 0.2 | $108,432,939.95 |
| AR3 | Austrare | -25% | -26% | -68% | 0% | 0.32 | $34,272,558.72 |
| GBR | Greatbould Resources | -25% | -26% | -48% | -29% | 0.067 | $29,109,179.94 |
| PAM | Pan Asia Metals | -25% | -9% | -14% | 179% | 0.405 | $34,619,562.68 |
| RMX | Red Mount Min Ltd | -25% | -25% | -33% | -50% | 0.006 | $9,854,183.15 |
| RBX | Resource B | -25% | -47% | -40% | 253% | 0.12 | $5,290,687.87 |
| EVR | Ev Resources Ltd | -25% | -25% | -53% | 4% | 0.027 | $28,705,506.20 |
| LSR | Lodestar Minerals | -25% | -40% | -33% | -45% | 0.006 | $12,169,061.44 |
| AOA | Ausmon Resorces | -25% | -25% | 0% | 0% | 0.006 | $6,001,025.40 |
| RBX | Resource B | -25% | -47% | -40% | 253% | 0.12 | $5,290,687.87 |
| EVR | Ev Resources Ltd | -25% | -25% | -53% | 4% | 0.027 | $28,705,506.20 |
| RAS | Ragusa Minerals Ltd | -25% | 15% | 19% | 8% | 0.086 | $11,057,889.04 |
| CHN | Chalice Mining Ltd | -25% | -21% | -52% | -50% | 4.23 | $1,832,678,895.13 |
| NWM | Norwest Minerals | -25% | -33% | -59% | -64% | 0.031 | $6,321,258.55 |
| MLS | Metals Australia | -25% | -38% | 33% | 33% | 0.053 | $29,477,232.23 |
| VRC | Volt Resources Ltd | -26% | -6% | -35% | -51% | 0.017 | $57,719,047.99 |
| SRZ | Stellar Resources | -26% | -19% | -26% | -47% | 0.017 | $16,786,052.52 |
| FFX | Firefinch Ltd | -27% | -71% | -66% | -47% | 0.2425 | $318,935,669.67 |
| MRR | Minrex Resources Ltd | -27% | -35% | -7% | 57% | 0.0345 | $40,348,620.36 |
| LEL | Lithenergy | -27% | -28% | 5% | 116% | 0.8 | $40,635,000.00 |
| ODE | Odessa Minerals Ltd | -27% | -21% | 120% | 175% | 0.011 | $7,520,115.51 |
| ARR | American Rare Earths | -27% | -30% | 48% | 175% | 0.245 | $108,818,857.40 |
| CNJ | Conico Ltd | -27% | 69% | -26% | 1% | 0.027 | $40,748,066.22 |
| WC8 | Wildcat Resources | -27% | -10% | -40% | -4% | 0.027 | $20,648,727.26 |
| RLC | Reedy Lagoon Corp. | -27% | -36% | -48% | -16% | 0.016 | $10,033,684.42 |
| SBR | Sabre Resources | -27% | -20% | -20% | -20% | 0.004 | $13,948,655.04 |
| EMS | Eastern Metals | -27% | -23% | -37% | 0% | 0.12 | $5,340,000.00 |
| GSM | Golden State Mining | -27% | -30% | -46% | -76% | 0.045 | $6,053,908.59 |
| INR | Ioneer Ltd | -28% | -26% | -55% | 11% | 0.36 | $920,171,744.80 |
| BMM | Balkanminingandmin | -28% | -45% | -53% | 0% | 0.18 | $7,368,750.00 |
| AUZ | Australian Mines Ltd | -28% | -36% | -60% | -67% | 0.079 | $40,702,781.68 |
| 1MC | Morella Corporation | -28% | -37% | -74% | -74% | 0.0165 | $93,171,851.75 |
| KFM | Kingfisher Mining | -29% | 14% | 39% | 16% | 0.25 | $9,588,600.28 |
| BYH | Bryah Resources Ltd | -29% | -30% | -39% | -56% | 0.032 | $8,595,872.65 |
| KTA | Krakatoa Resources | -29% | -37% | 13% | -12% | 0.053 | $21,889,079.73 |
| ARU | Arafura Resource Ltd | -29% | 0% | 76% | 91% | 0.335 | $567,258,301.18 |
| ASN | Anson Resources Ltd | -30% | -5% | -9% | 57% | 0.105 | $118,209,918.53 |
| LRS | Latin Resources Ltd | -30% | -44% | 114% | 11% | 0.062 | $136,981,567.07 |
| ALY | Alchemy Resource Ltd | -30% | -20% | 45% | 9% | 0.016 | $17,155,333.03 |
| LPM | Lithium Plus | -31% | -55% | 0% | 0% | 0.28 | $14,724,006.00 |
| MQR | Marquee Resource Ltd | -31% | -24% | -45% | 15% | 0.069 | $25,579,775.77 |
| AS2 | Askarimetalslimited | -32% | -45% | 29% | 0% | 0.265 | $13,102,195.05 |
| QXR | Qx Resources Limited | -33% | -47% | 47% | 87% | 0.028 | $27,499,594.27 |
| KZR | Kalamazoo Resources | -33% | -33% | -35% | -47% | 0.22 | $40,654,424.72 |
| WR1 | Winsome Resources | -34% | -40% | -18% | 0% | 0.245 | $42,560,908.11 |
| PRL | Province Resources | -35% | -40% | -64% | -64% | 0.052 | $67,173,269.04 |
| LRV | Larvottoresources | -35% | -38% | 38% | 0% | 0.2 | $9,967,800.00 |
| MTM | Mtmongerresources | -42% | -27% | -21% | 0% | 0.11 | $5,439,004.95 |
| A8G | Australasian Metals | -44% | -42% | -52% | 21% | 0.205 | $10,498,475.97 |
Mining
Mining
Mining
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