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Mining
It’s not been an amazing end of year/start to the new one for one of the most widely used metals, nickel.
Amid a plummeting price over the past year (down about 41% to US$15,961 per tonne) there is little optimism amongst Aussie nickel investors right now, especially as analysts predict surplus issues that might last until 2025, or longer.
It is already having an impact, with a falling nickel price taking the scalp of WA producer Panoramic Resources (ASX:PAN) last month.
This week, beleaguered Canadian mining company First Quantum made the decision to halt production at its Ravensthorpe nickel and cobalt operation in WA, with a three-year plan to scale out of mining activity at the site it bought from BHP back in 2009.
That suggests the company believes the nickel price slump has a ways to run yet.
The company said earlier this week that it will continue to process stockpiled ore through its atmospheric leach circuit, but will shut down Ravensthorpe’s high pressure acid leach processing plant.
This puts about a third of the company’s internal workforce likely out of a job – roughly 420 people.
With the mining operation registering a US$28m operating loss in nine months to the end of September 2023, (per the company’s September quarter report), the writing was definitely on the wall.
Nickel was worth almost double the price roughly this time a year ago – so this is the major factor at play formed by an oversupply of the raw material (similar to lithium’s 2023 plight) despite perceived long-term demand from the EV battery market.
In nickel’s case this overstocking is reportedly largely thanks to a supply surge from Indonesia, the world’s largest nickel producer.
In a Fastmarkets report published this week complied by analyst Dylan Duan, the commodity price reporting agency says the impact of nickel oversupply will continue to be felt in 2024, “according to sources”.
But the, er, less crap news is this:
“With bearish sentiment continuing to dominate the Class-1 nickel market, market participants, however, expect the downward move in 2024 to look ‘more modest’ than that in 2023.”
Every cloud has a nickel lining? Something like that.
Some further sorta good news here:
“Due to the current nickel price being too low to be profitable for producers, market participants expect the ramp up of domestic refining capacity in 2024 to be much slower than that of 2023, sources said.”
Thus…
“From a fundamental standpoint, while we forecast a surplus in the nickel market for 2024, it is expected to be less pronounced than the surplus in 2023. This represents a positive development in terms of the rate of change,” Fastmarkets analyst Boris Mikanikrezai said.
Global pricing for lithium products aren’t looking much better than the last time we took a look at the Lithium Price Bot in this column:
2024-01-17#Lithium Carbonate 99.5% Min China Spot
Price: $13,403.85
1 day: $0.00 (0.0) ➡️
YTD: -2.03%#Spodumene Concentrate (6%, CIF China)Price: $1,005.00
1 day: $-6.0 (-0.59) 📉
YTD: -23.57%Sponsored by @SiennaResources $SIE $SNNAFhttps://t.co/ZeY6MK1XDM
— Lithium Price Bot (@LithiumPriceBot) January 17, 2024
But, just yesterday at least, bottom pondering was still evident from at least one source we noticed – lithium economics analyst Juan Carlos Zuleta…
2/ 1) Here we go again. As expected, a new slight #lithium carbonate price rebound took place today in the Chinese spot market. 2) But the upward price trend pressure was felt in the rest of the market as well. 3) We are closer than ever to a general price rebound.
— Juan Carlos Zuleta (@jczuleta) January 16, 2024
Meanwhile, Pilbara Minerals (ASX:PLS) has gone and done something interesting this week, announcing it’s signed a new deal that could almost triple its sales to China’s Ganfeng Lithium.
Per Stockhead‘s Josh Chiat:
Pilbara Minerals has shown China remains hungry for lithium raw materials despite cratering spodumene prices that could put rival operators on their knees.
Pilbara Minerals says it will sell up to 310,000tpa of spodumene concentrate to China’s Ganfeng Lithium from 2024-2026 under a long term supply agreement on top of the 160,000tpa it supplies annually as per a deal written up in 2017.
Pegged to market pricing, which is down around 80% in the past year, PLS will supply another 150,000t in 2024 and optionally 100,000t or 150,000t extra in each of 2025 and 2026.
It comes with PLS expecting to ramp up from a 580,000tpa capacity last year to 680,000tpa later this year and 1Mtpa by September 2025 at its Pilgangoora mine in the Pilbara.
PLS MD Dale Henderson told investors the demand profile for its concentrate from the EV battery supply chain remains strong.
“This increased supply with Ganfeng builds on our established partnership as we work together to further extend our position in the growing market for lithium products,” said Henderson.
“This increase demonstrates the demand for Pilbara Minerals’ spodumene concentrate while preserving optionality for the company as we assess long-term downstream opportunities in-line with our growth strategy,” he said, adding:
“The long-term outlook for the industry remains incredibly exciting. Both Ganfeng and Pilbara Minerals remain focused on extending our respective positions as major, low-cost producers in the burgeoning lithium market.”
PLS is expected to make a call this quarter on a partnering process on a downstream processing initiative incorporating 300,000t of concentrate from its expanded 1Mtpa project.
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 5pm Jan 17.)
Stocks missing from this list? Email [email protected]
| Code | Company | Price | % Week | % Month | % Year | Market Cap |
|---|---|---|---|---|---|---|
| PVW | PVW Res Ltd | 0.045 | 2% | -15% | -59% | $4,563,215 |
| A8G | Australasian Metals | 0.135 | -10% | -10% | -34% | $7,296,869 |
| INF | Infinity Lithium | 0.098 | 2% | -4% | -22% | $44,408,841 |
| LPI | Lithium Pwr Int Ltd | 0.56 | 1% | 4% | 17% | $355,493,683 |
| PSC | Prospect Res Ltd | 0.085 | -2% | 2% | -32% | $39,383,217 |
| PAM | Pan Asia Metals | 0.16 | 0% | 23% | -59% | $28,528,852 |
| CXO | Core Lithium | 0.205 | 5% | -33% | -81% | $448,756,464 |
| LOT | Lotus Resources Ltd | 0.33 | 10% | 12% | 38% | $586,340,505 |
| AGY | Argosy Minerals Ltd | 0.115 | -8% | -8% | -82% | $154,484,825 |
| AZS | Azure Minerals | 3.68 | 0% | 1% | 1127% | $1,683,354,040 |
| NWC | New World Resources | 0.039 | -11% | -3% | -7% | $95,276,666 |
| QXR | Qx Resources Limited | 0.021 | -9% | -16% | -59% | $23,311,635 |
| GSR | Greenstone Resources | 0.008 | -20% | 14% | -74% | $12,313,021 |
| CAE | Cannindah Resources | 0.089 | -4% | -2% | -61% | $51,449,116 |
| AZL | Arizona Lithium Ltd | 0.025 | -11% | -36% | -63% | $97,678,643 |
| RIL | Redivium Limited | 0.006 | 20% | 0% | -65% | $13,654,274 |
| COB | Cobalt Blue Ltd | 0.21 | -7% | -7% | -66% | $80,798,508 |
| LPD | Lepidico Ltd | 0.007 | -13% | -13% | -59% | $61,106,464 |
| MRD | Mount Ridley Mines | 0.002 | 0% | 0% | -60% | $7,784,883 |
| CZN | Corazon Ltd | 0.014 | -7% | 0% | -30% | $8,618,371 |
| LKE | Lake Resources | 0.105 | -13% | -19% | -87% | $156,468,918 |
| DEV | Devex Resources Ltd | 0.3 | 9% | 25% | 0% | $130,151,248 |
| INR | Ioneer Ltd | 0.13 | 0% | 13% | -76% | $285,040,640 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,203 |
| MAN | Mandrake Res Ltd | 0.045 | 18% | 2% | -2% | $23,398,877 |
| RLC | Reedy Lagoon Corp. | 0.005 | 0% | 0% | -53% | $3,097,704 |
| GBR | Greatbould Resources | 0.06 | -9% | -10% | -32% | $35,921,232 |
| FRS | Forrestaniaresources | 0.031 | 3% | 0% | -81% | $5,824,287 |
| STK | Strickland Metals | 0.105 | -16% | -34% | 163% | $171,489,270 |
| MLX | Metals X Limited | 0.265 | 0% | -5% | -40% | $244,961,838 |
| CLA | Celsius Resource Ltd | 0.011 | -8% | -21% | -45% | $24,706,568 |
| FGR | First Graphene Ltd | 0.062 | -7% | -9% | -38% | $43,358,814 |
| HXG | Hexagon Energy | 0.01 | -17% | -9% | -44% | $5,129,159 |
| TLG | Talga Group Ltd | 0.615 | -16% | -19% | -64% | $246,840,212 |
| MNS | Magnis Energy Tech | 0.042 | 0% | 0% | -90% | $50,378,922 |
| PLL | Piedmont Lithium Inc | 0.31 | -18% | -32% | -64% | $129,279,348 |
| EUR | European Lithium Ltd | 0.087 | 1% | 32% | 1% | $129,664,243 |
| BKT | Black Rock Mining | 0.073 | -8% | -12% | -50% | $83,396,293 |
| QEM | QEM Limited | 0.19 | -5% | 3% | 3% | $30,278,342 |
| LYC | Lynas Rare Earths | 6 | -8% | -10% | -30% | $5,776,410,996 |
| ESR | Estrella Res Ltd | 0.006 | 20% | 0% | -67% | $7,037,487 |
| ARL | Ardea Resources Ltd | 0.445 | -5% | -8% | -46% | $88,657,612 |
| GLN | Galan Lithium Ltd | 0.58 | -13% | 2% | -51% | $208,548,645 |
| JLL | Jindalee Lithium Ltd | 1.06 | 11% | 30% | -43% | $63,817,073 |
| VUL | Vulcan Energy | 2.15 | -9% | -15% | -69% | $368,236,237 |
| SBR | Sabre Resources | 0.029 | 0% | 0% | -40% | $10,138,485 |
| CHN | Chalice Mining Ltd | 1.1 | -15% | -37% | -84% | $441,473,350 |
| VRC | Volt Resources Ltd | 0.007 | 17% | 0% | -53% | $28,910,747 |
| NMT | Neometals Ltd | 0.18 | 3% | -3% | -80% | $115,197,708 |
| AXN | Alliance Nickel Ltd | 0.041 | 3% | 5% | -60% | $31,936,943 |
| PNN | Power Minerals Ltd | 0.19 | -7% | -14% | -66% | $17,038,340 |
| IGO | IGO Limited | 7.46 | -12% | -16% | -49% | $5,641,645,207 |
| GED | Golden Deeps | 0.041 | -9% | -9% | -59% | $4,736,416 |
| ADV | Ardiden Ltd | 0.17 | -6% | 3% | -51% | $10,627,976 |
| SRI | Sipa Resources Ltd | 0.026 | 4% | -10% | -40% | $6,388,428 |
| NTU | Northern Min Ltd | 0.029 | 0% | -2% | -37% | $171,418,398 |
| AXE | Archer Materials | 0.34 | -13% | -8% | -44% | $89,196,455 |
| PGM | Platina Resources | 0.021 | 5% | -5% | 17% | $13,086,787 |
| AAJ | Aruma Resources Ltd | 0.027 | 4% | 4% | -67% | $5,316,071 |
| IXR | Ionic Rare Earths | 0.022 | 0% | 5% | -46% | $94,171,211 |
| NIC | Nickel Industries | 0.61 | -8% | -10% | -46% | $2,678,631,175 |
| EVG | Evion Group NL | 0.029 | -12% | -9% | -59% | $10,032,816 |
| CWX | Carawine Resources | 0.105 | 0% | -13% | -11% | $24,793,172 |
| PLS | Pilbara Min Ltd | 3.53 | -9% | -10% | -13% | $10,834,084,602 |
| HAS | Hastings Tech Met | 0.69 | -6% | 10% | -81% | $93,790,823 |
| BUX | Buxton Resources Ltd | 0.165 | 3% | 10% | 38% | $28,585,737 |
| ARR | American Rare Earths | 0.145 | -6% | -3% | -31% | $64,731,378 |
| SGQ | St George Min Ltd | 0.033 | -6% | -6% | -54% | $32,476,246 |
| TKL | Traka Resources | 0.002 | 0% | -36% | -64% | $1,750,659 |
| PAN | Panoramic Resources | 0.035 | 0% | 0% | -82% | $103,937,992 |
| PRL | Province Resources | 0.041 | 0% | 0% | -35% | $48,441,219 |
| IPT | Impact Minerals | 0.012 | -8% | 20% | 50% | $35,808,799 |
| LIT | Lithium Australia | 0.029 | 0% | -3% | -41% | $36,665,750 |
| AKE | Allkem Limited | 9.83 | 0% | 18% | -13% | $6,304,350,967 |
| ARN | Aldoro Resources | 0.088 | -9% | 6% | -63% | $12,116,137 |
| JRV | Jervois Global Ltd | 0.037 | -3% | -8% | -88% | $99,993,265 |
| FBM | Future Battery | 0.07 | 1% | 3% | 25% | $31,491,603 |
| ADD | Adavale Resource Ltd | 0.009 | 20% | 13% | -50% | $6,751,330 |
| LTR | Liontown Resources | 1.36 | -11% | -6% | -9% | $3,342,338,962 |
| CTM | Centaurus Metals Ltd | 0.415 | -16% | -12% | -65% | $222,685,935 |
| VML | Vital Metals Limited | 0.005 | -17% | -50% | -80% | $29,475,335 |
| BSX | Blackstone Ltd | 0.066 | -6% | -6% | -54% | $34,058,530 |
| POS | Poseidon Nick Ltd | 0.011 | -8% | -21% | -76% | $37,135,348 |
| CHR | Charger Metals | 0.17 | 6% | -3% | -63% | $13,161,443 |
| AVL | Aust Vanadium Ltd | 0.019 | -5% | 0% | -30% | $94,403,529 |
| AUZ | Australian Mines Ltd | 0.008 | -11% | -11% | -85% | $7,560,394 |
| TMT | Technology Metals | 0.255 | 4% | 19% | -24% | $67,385,786 |
| RXL | Rox Resources | 0.16 | -11% | -14% | -22% | $64,636,996 |
| RNU | Renascor Res Ltd | 0.09 | -18% | -28% | -65% | $236,164,897 |
| GL1 | Globallith | 0.615 | -33% | -53% | -72% | $173,076,424 |
| ASN | Anson Resources Ltd | 0.115 | 0% | -18% | -43% | $127,288,178 |
| SYA | Sayona Mining Ltd | 0.047 | -16% | -28% | -80% | $504,371,505 |
| FFX | Firefinch Ltd | 0.2 | 0% | 0% | 0% | $236,569,315 |
| EGR | Ecograf Limited | 0.145 | 0% | -9% | -37% | $68,104,773 |
| ATM | Aneka Tambang | 1.18 | 0% | 0% | 12% | $1,538,306 |
| TVN | Tivan Limited | 0.062 | 0% | -10% | -31% | $97,620,537 |
| ALY | Alchemy Resource Ltd | 0.009 | -10% | -10% | -50% | $10,602,686 |
| GAL | Galileo Mining Ltd | 0.235 | -16% | -6% | -77% | $46,441,858 |
| BHP | BHP Group Limited | 46.57 | -5% | -6% | -6% | $235,696,400,096 |
| LEL | Lithenergy | 0.51 | -7% | -12% | -35% | $53,565,200 |
| MMC | Mitremining | 0.215 | -10% | -9% | -25% | $12,471,278 |
| RMX | Red Mount Min Ltd | 0.003 | 0% | 0% | -40% | $9,357,516 |
| GW1 | Greenwing Resources | 0.11 | -8% | 22% | -66% | $18,296,406 |
| AQD | Ausquest Limited | 0.01 | 0% | -17% | -33% | $9,076,641 |
| LML | Lincoln Minerals | 0.005 | -17% | -17% | -27% | $8,520,226 |
| 1MC | Morella Corporation | 0.005 | -9% | -17% | -64% | $24,715,198 |
| REE | Rarex Limited | 0.026 | -4% | -4% | -50% | $17,768,051 |
| MRC | Mineral Commodities | 0.036 | 9% | 20% | -43% | $34,456,541 |
| PUR | Pursuit Minerals | 0.007 | -13% | -22% | -68% | $23,551,771 |
| QPM | Queensland Pacific | 0.048 | -6% | -6% | -58% | $100,627,016 |
| EMH | European Metals Hldg | 0.33 | -13% | -39% | -50% | $41,657,720 |
| BMM | Balkanminingandmin | 0.1 | 0% | -5% | -69% | $7,104,051 |
| PEK | Peak Rare Earths Ltd | 0.32 | -11% | 0% | -27% | $85,101,363 |
| LEG | Legend Mining | 0.013 | -13% | -19% | -69% | $37,758,203 |
| MOH | Moho Resources | 0.01 | 0% | 11% | -55% | $5,895,353 |
| AML | Aeon Metals Ltd. | 0.01 | 11% | 11% | -63% | $10,964,006 |
| G88 | Golden Mile Res Ltd | 0.017 | -11% | -6% | -20% | $5,929,011 |
| WKT | Walkabout Resources | 0.125 | -7% | -4% | 9% | $83,907,681 |
| TON | Triton Min Ltd | 0.021 | -13% | -5% | -43% | $32,789,246 |
| AR3 | Austrare | 0.145 | 0% | 0% | -57% | $21,583,235 |
| ARU | Arafura Rare Earths | 0.15 | -3% | -6% | -70% | $340,442,204 |
| MIN | Mineral Resources. | 59.47 | -11% | -11% | -33% | $11,679,955,852 |
| VMC | Venus Metals Cor Ltd | 0.097 | -8% | -16% | 19% | $18,972,868 |
| S2R | S2 Resources | 0.145 | -6% | -24% | -16% | $67,778,699 |
| CNJ | Conico Ltd | 0.0045 | 13% | -10% | -50% | $7,065,427 |
| VR8 | Vanadium Resources | 0.046 | -10% | 2% | -35% | $28,575,310 |
| PVT | Pivotal Metals Ltd | 0.023 | 5% | 44% | -44% | $13,601,116 |
| BOA | Boadicea Resources | 0.031 | -6% | -9% | -69% | $3,692,709 |
| IPX | Iperionx Limited | 1.55 | 10% | 20% | 94% | $329,717,399 |
| SLZ | Sultan Resources Ltd | 0.017 | -11% | 6% | -81% | $2,519,231 |
| NKL | Nickelxltd | 0.036 | -22% | -10% | -57% | $3,249,161 |
| NVA | Nova Minerals Ltd | 0.325 | -4% | -17% | -52% | $68,539,237 |
| MLS | Metals Australia | 0.034 | 0% | 0% | -29% | $21,841,267 |
| MQR | Marquee Resource Ltd | 0.024 | -8% | -14% | -48% | $9,921,225 |
| MRR | Minrex Resources Ltd | 0.015 | 0% | -12% | -61% | $15,188,145 |
| EVR | Ev Resources Ltd | 0.013 | 0% | 44% | -13% | $13,195,060 |
| EFE | Eastern Resources | 0.008 | 0% | -11% | -56% | $9,935,572 |
| CNB | Carnaby Resource Ltd | 0.74 | -1% | -14% | -26% | $122,134,753 |
| BNR | Bulletin Res Ltd | 0.105 | -25% | -13% | 0% | $29,361,332 |
| AX8 | Accelerate Resources | 0.03 | -14% | -25% | 15% | $18,339,256 |
| AM7 | Arcadia Minerals | 0.07 | 1% | -10% | -68% | $7,633,507 |
| AS2 | Askarimetalslimited | 0.16 | -6% | -16% | -75% | $13,251,536 |
| BYH | Bryah Resources Ltd | 0.012 | -14% | -4% | -51% | $5,636,894 |
| DTM | Dart Mining NL | 0.016 | 0% | 0% | -73% | $3,641,274 |
| EMS | Eastern Metals | 0.036 | 0% | 9% | -54% | $2,967,345 |
| FG1 | Flynngold | 0.052 | -2% | 8% | -46% | $8,306,282 |
| GSM | Golden State Mining | 0.012 | -8% | -25% | -77% | $3,352,448 |
| IMI | Infinitymining | 0.13 | 8% | -10% | -51% | $15,437,941 |
| LRV | Larvottoresources | 0.068 | 0% | -14% | -54% | $14,981,980 |
| LSR | Lodestar Minerals | 0.0035 | 17% | -13% | -30% | $7,081,891 |
| RAG | Ragnar Metals Ltd | 0.023 | -8% | 5% | 72% | $10,901,562 |
| CTN | Catalina Resources | 0.0035 | -13% | -30% | -61% | $4,334,704 |
| TMB | Tambourahmetals | 0.105 | -9% | -19% | -5% | $9,123,439 |
| TEM | Tempest Minerals | 0.008 | 0% | 0% | -70% | $4,152,995 |
| EMC | Everest Metals Corp | 0.081 | -5% | 0% | -26% | $13,062,649 |
| WML | Woomera Mining Ltd | 0.007 | -71% | -75% | -63% | $25,580,919 |
| KZR | Kalamazoo Resources | 0.1 | -29% | -5% | -52% | $18,166,872 |
| LMG | Latrobe Magnesium | 0.054 | -5% | -5% | -28% | $103,435,606 |
| KOR | Korab Resources | 0.015 | -6% | -12% | -40% | $5,505,750 |
| CMX | Chemxmaterials | 0.073 | -14% | 12% | -57% | $4,524,767 |
| NC1 | Nicoresourceslimited | 0.3 | -8% | -2% | -55% | $33,015,178 |
| GRE | Greentechmetals | 0.36 | -13% | -26% | 177% | $28,270,394 |
| CMO | Cosmometalslimited | 0.065 | 0% | 5% | -59% | $2,255,283 |
| FRB | Firebird Metals | 0.12 | -11% | -16% | -29% | $15,659,754 |
| S32 | South32 Limited | 3.29 | -2% | 2% | -30% | $15,444,771,717 |
| OMH | OM Holdings Limited | 0.495 | -3% | 10% | -32% | $398,453,537 |
| JMS | Jupiter Mines. | 0.175 | -3% | 0% | -24% | $342,913,431 |
| E25 | Element 25 Ltd | 0.32 | -18% | -26% | -72% | $71,785,011 |
| EMN | Euromanganese | 0.076 | -21% | -24% | -79% | $17,989,547 |
| KGD | Kula Gold Limited | 0.012 | -25% | -25% | -56% | $5,451,755 |
| LRS | Latin Resources Ltd | 0.235 | -2% | 2% | 96% | $642,575,426 |
| CRR | Critical Resources | 0.017 | -15% | -15% | -61% | $32,001,305 |
| ENT | Enterprise Metals | 0.004 | 0% | 0% | -56% | $3,207,884 |
| SCN | Scorpion Minerals | 0.03 | -3% | -21% | -57% | $12,283,686 |
| GCM | Green Critical Min | 0.007 | -22% | -30% | -68% | $7,956,095 |
| ENV | Enova Mining Limited | 0.025 | 25% | 178% | 108% | $14,100,445 |
| RBX | Resource B | 0.075 | 3% | -5% | -6% | $6,201,336 |
| AKN | Auking Mining Ltd | 0.047 | 7% | 9% | -49% | $11,056,978 |
| RR1 | Reach Resources Ltd | 0.004 | 0% | -11% | 0% | $12,841,188 |
| EMT | Emetals Limited | 0.007 | 0% | 0% | -46% | $5,950,000 |
| PNT | Panthermetalsltd | 0.06 | 0% | 0% | -68% | $5,101,500 |
| WIN | Widgienickellimited | 0.105 | -9% | 5% | -70% | $31,284,231 |
| WMG | Western Mines | 0.185 | -24% | -37% | 28% | $12,499,811 |
| AVW | Avira Resources Ltd | 0.002 | 0% | 100% | -33% | $4,267,580 |
| CAI | Calidus Resources | 0.205 | 3% | 17% | -47% | $134,710,617 |
| GT1 | Greentechnology | 0.2 | -20% | -25% | -78% | $63,450,419 |
| KAI | Kairos Minerals Ltd | 0.013 | -7% | -13% | -40% | $36,692,771 |
| MTM | MTM Critical Metals | 0.074 | -36% | 252% | -6% | $7,457,781 |
| NWM | Norwest Minerals | 0.026 | -24% | -4% | -61% | $7,764,377 |
| PGD | Peregrine Gold | 0.315 | -2% | 37% | -37% | $19,763,962 |
| RAS | Ragusa Minerals Ltd | 0.039 | 22% | 5% | -68% | $5,703,951 |
| RGL | Riversgold | 0.0105 | -13% | -13% | -63% | $9,676,615 |
| SRZ | Stellar Resources | 0.006 | -25% | -25% | -57% | $6,894,159 |
| STM | Sunstone Metals Ltd | 0.012 | -8% | -8% | -72% | $41,852,819 |
| ZNC | Zenith Minerals Ltd | 0.17 | 36% | 3% | -32% | $61,666,655 |
| WC8 | Wildcat Resources | 0.53 | -21% | -29% | 1556% | $645,752,586 |
| ASO | Aston Minerals Ltd | 0.021 | -9% | -19% | -74% | $27,196,350 |
| THR | Thor Energy PLC | 0.036 | 24% | 38% | -40% | $7,441,453 |
| YAR | Yari Minerals Ltd | 0.011 | 0% | 22% | -39% | $5,305,936 |
| IG6 | Internationalgraphit | 0.155 | 11% | -3% | -31% | $12,903,276 |
| LPM | Lithium Plus | 0.255 | -19% | -35% | -31% | $22,356,932 |
| ODE | Odessa Minerals Ltd | 0.008 | -11% | 14% | -38% | $7,576,895 |
| KOB | Kobaresourceslimited | 0.095 | 36% | 14% | -28% | $8,855,000 |
| AZI | Altamin Limited | 0.063 | 9% | 21% | -20% | $23,974,829 |
| FTL | Firetail Resources | 0.064 | -10% | -22% | -56% | $9,529,956 |
| LNR | Lanthanein Resources | 0.009 | -18% | -10% | -59% | $12,898,119 |
| CLZ | Classic Min Ltd | 0.001 | 0% | 0% | -90% | $12,357,082 |
| NVX | Novonix Limited | 0.63 | -3% | -6% | -65% | $315,233,082 |
| OCN | Oceanalithiumlimited | 0.085 | -15% | -26% | -81% | $4,596,503 |
| SUM | Summitminerals | 0.105 | 5% | 0% | -25% | $4,479,770 |
| DVP | Develop Global Ltd | 2.17 | -20% | -24% | -40% | $562,956,308 |
| OD6 | Od6Metalsltd | 0.12 | -4% | -29% | -64% | $6,051,705 |
| HRE | Heavy Rare Earths | 0.06 | -8% | -6% | -57% | $3,266,348 |
| LIN | Lindian Resources | 0.145 | 0% | -3% | -46% | $172,788,335 |
| PEK | Peak Rare Earths Ltd | 0.32 | -11% | 0% | -27% | $85,101,363 |
| ILU | Iluka Resources | 6.7 | 4% | 2% | -36% | $2,854,416,423 |
| ASM | Ausstratmaterials | 1.1 | -8% | -8% | -31% | $185,139,100 |
| ETM | Energy Transition | 0.043 | 5% | 2% | -25% | $60,202,571 |
| VMS | Venture Minerals | 0.007 | -7% | -13% | -75% | $17,680,104 |
| IDA | Indiana Resources | 0.078 | -5% | 26% | 28% | $49,218,965 |
| VTM | Victory Metals Ltd | 0.21 | 0% | 1% | -9% | $17,907,924 |
| M2R | Miramar | 0.03 | 20% | 11% | -61% | $4,466,086 |
| WCN | White Cliff Min Ltd | 0.015 | 50% | 50% | 0% | $22,983,468 |
| TAR | Taruga Minerals | 0.009 | -18% | -18% | -64% | $6,354,241 |
| ABX | ABX Group Limited | 0.071 | -3% | 0% | -43% | $18,252,943 |
| MEK | Meeka Metals Limited | 0.041 | 8% | 5% | -29% | $49,388,357 |
| RR1 | Reach Resources Ltd | 0.004 | 0% | -11% | 0% | $12,841,188 |
| DRE | Dreadnought Resources Ltd | 0.026 | -4% | -16% | -74% | $93,934,970 |
| KFM | Kingfisher Mining | 0.14 | -3% | -3% | -70% | $7,520,100 |
| AOA | Ausmon Resorces | 0.003 | 0% | 0% | -50% | $3,020,998 |
| WC1 | Westcobarmetals | 0.07 | 0% | -15% | -60% | $8,456,023 |
| GRL | Godolphin Resources | 0.042 | 0% | 11% | -53% | $7,108,165 |
| DM1 | Desert Metals | 0.042 | -11% | -26% | -77% | $3,151,725 |
| PTR | Petratherm Ltd | 0.034 | 0% | -3% | -49% | $8,315,792 |
| ITM | Itech Minerals Ltd | 0.095 | -14% | -21% | -70% | $11,607,438 |
| KTA | Krakatoa Resources | 0.023 | -30% | -44% | -47% | $9,914,252 |
| M24 | Mamba Exploration | 0.049 | 20% | 11% | -79% | $3,140,032 |
| LNR | Lanthanein Resources | 0.009 | -18% | -10% | -59% | $12,898,119 |
| TKM | Trek Metals Ltd | 0.042 | 8% | -7% | -42% | $20,523,074 |
| BCA | Black Canyon Limited | 0.11 | -21% | -21% | -58% | $7,715,561 |
| CDT | Castle Minerals | 0.0075 | -6% | -6% | -69% | $9,183,697 |
| DLI | Delta Lithium | 0.285 | -21% | -43% | -38% | $213,545,893 |
| A11 | Atlantic Lithium | 0.405 | 0% | -17% | -38% | $255,321,509 |
| KNI | Kunikolimited | 0.255 | -9% | -2% | -54% | $22,475,510 |
| CY5 | Cygnus Metals Ltd | 0.1 | -13% | -23% | -74% | $30,613,710 |
| WR1 | Winsome Resources | 0.74 | -14% | -29% | -60% | $136,411,311 |
| LLI | Loyal Lithium Ltd | 0.325 | -14% | 5% | -10% | $27,901,252 |
| BC8 | Black Cat Syndicate | 0.225 | -2% | -17% | -50% | $72,903,682 |
| BUR | Burleyminerals | 0.125 | -17% | -26% | -48% | $14,461,546 |
| PBL | Parabellumresources | 0.061 | 3% | -8% | -86% | $3,738,000 |
| L1M | Lightning Minerals | 0.115 | -4% | -21% | -38% | $4,855,882 |
| WA1 | Wa1Resourcesltd | 11.14 | -14% | 31% | 666% | $473,725,158 |
| EV1 | Evolutionenergy | 0.14 | 0% | 8% | -40% | $31,813,284 |
| 1AE | Auroraenergymetals | 0.17 | 55% | 124% | 6% | $24,677,074 |
| RVT | Richmond Vanadium | 0.27 | -7% | 0% | 15% | $23,276,108 |
| PMT | Patriotbatterymetals | 0.82 | -18% | -31% | -14% | $433,440,138 |
| PAT | Patriot Lithium | 0.145 | -19% | -28% | -51% | $10,962,741 |
| BM8 | Battery Age Minerals | 0.195 | -11% | 3% | -61% | $17,827,398 |
| OM1 | Omnia Metals Group | 0.078 | 0% | 0% | -48% | $3,786,192 |
| VHM | Vhmlimited | 0.6125 | -11% | -10% | -46% | $92,349,675 |
| LLL | Leolithiumlimited | 0.505 | 0% | 0% | -9% | $498,553,663 |
| SRN | Surefire Rescs NL | 0.01 | 11% | 5% | -38% | $17,668,420 |
| SRL | Sunrise | 0.41 | -6% | -12% | -80% | $39,700,099 |
| SYR | Syrah Resources | 0.46 | -16% | -29% | -80% | $324,430,910 |
| EG1 | Evergreenlithium | 0.135 | -18% | -29% | 0% | $8,434,500 |
| WSR | Westar Resources | 0.0195 | 8% | 3% | -64% | $3,614,472 |
| LU7 | Lithium Universe Ltd | 0.024 | -20% | -25% | -20% | $9,713,047 |
| MEI | Meteoric Resources | 0.235 | -18% | 2% | 292% | $467,678,164 |
| REC | Rechargemetals | 0.089 | -3% | -10% | -32% | $9,910,326 |
| SLM | Solismineralsltd | 0.12 | -23% | -17% | 20% | $10,192,092 |
| DYM | Dynamicmetalslimited | 0.16 | 3% | 14% | -16% | $5,600,000 |
| TOR | Torque Met | 0.21 | -11% | 2% | 31% | $27,372,437 |
| ICL | Iceni Gold | 0.058 | -11% | 4% | -55% | $15,638,857 |
| TMX | Terrain Minerals | 0.006 | 33% | 50% | 0% | $8,120,567 |
| MHC | Manhattan Corp Ltd | 0.005 | 25% | 25% | -17% | $14,684,899 |
| MHK | Metalhawk. | 0.12 | 0% | -8% | -23% | $13,918,022 |
| ANX | Anax Metals Ltd | 0.022 | -21% | -31% | -66% | $12,087,941 |
| FIN | FIN Resources Ltd | 0.019 | -14% | 0% | 19% | $10,388,299 |
| LM1 | Leeuwin Metals Ltd | 0.125 | 0% | -19% | 0% | $6,559,234 |
| HAW | Hawthorn Resources | 0.098 | -2% | -1% | -11% | $33,501,561 |
| LCY | Legacy Iron Ore | 0.017 | 0% | 0% | -6% | $108,916,045 |
| RON | Roninresourcesltd | 0.155 | -6% | -28% | -6% | $5,892,002 |
| ASR | Asra Minerals Ltd | 0.007 | 17% | -13% | -65% | $11,455,470 |
| PFE | Panteraminerals | 0.055 | 12% | -7% | -62% | $7,426,863 |
| KM1 | Kalimetalslimited | 0.565 | -25% | 126% | 126% | $37,407,627 |
| SGA | Sarytogan Graphite | 0.215 | 8% | 10% | -49% | $16,54,000 |
| KNG | Kingsland Minerals | 0.29 | 4% | 9% | 76% | $14,36,000 |
| AEV | Avenira Limited | 0.012 | 0% | -8% | -43% | $26,058,859 |
CHARGED UP 🚀
Aurora Energy Metals (ASX:1AE) +55%
White Cliff Minerals (ASX:WCN) +50%
Zenith Minerals (ASX:ZNC) +36%
LOW ON JUICE 📉
MTM Critical Metals (ASX:MTM) -36%
Global Lithium Resources (ASX:GL1) -33%
… from around the traps on Tesla boss Elon Musk’s social platform…
Great post. Conversion cost to BG has crept up-it may be higher – even for GF. Most converters need closer to 8:1 vs 7:1 per LCE. Low grades from Mt Marion is another issue. China Inc also knows as western conversion capacity is built it will be tougher to get WA supply.
— Joe Lowry (@globallithium) January 15, 2024
Worth noting Bloomberg headlines today that BYD have approached Sigma Lithium $SGML … your thesis playing out, get the price down and buy future supply in jurisdictions you’re allowed to. pic.twitter.com/u5zDKw6Fas
— Max from Elwood (@staz7) January 15, 2024
Old mate Goldman Sachs has slapped a sell on $PLS with a $3.20 price target!!!
The same people who constantly talk about an oversupply of #Lithium every few weeks.
🥱
— that stock chick (@ausstockchick) January 15, 2024
POLL
Jan 2024 market chatter re: #uranium now >$100 reminds me of Jan 2022 market chatter re #Lithium. @friedberg @theallinpod predicting $URA as his 2024 pick in similar way @Chamath touted lithium/battery metals in Jan 2022. @PippaStevens13 @CNBC talked about it recently too.…— Howard Klein (@LithiumIonBull) January 14, 2024
Good point. Energy thesis is strong for #Lithium too, not just EVs.
NB: @drvolts highly popular tweet for solar + storage.https://t.co/30k9QcSrnu
— Howard Klein (@LithiumIonBull) January 14, 2024
Mining
Mining
Mining
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