High Voltage: Why is everyone getting so excited about rare earths?

Investor sentiment for rare earths stocks is flying
There is about 750g of magnet rare earths on every EV motor, about 2 tonnes in offshore wind turbines
EVs, wind turbines are exponential growth sectors

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

Everyone knows the lithium bull is well and truly charging, but what the hell just happened to rare earths sentiment?

It’s flying, that’s what.

Project acquisitions, drilling, high grade rock chips (not worth a re-rate on their own) — even a sniff of REE prospectivity has ASX minnows enjoying huge gains.

In the past few weeks these things have happened:

WA explorer Desert Metals (ASX:DM1) announced that a rare earths (REE) system at the Innouendy project could be The Big One;
West Cobar Metals (ASX:WC1) inked a deal to acquire “one of the most advanced clay rare earth assets in Australia”;
Asra Minerals (ASX:ASR) put together a fantastic ‘Intro to Rare Earths’ presso for the New World Metals investor conference. (Seriously, check it out.);
Diamond explorer Odessa Minerals (ASX:ODE) officially diversified into lithium and rare earths;
Korab Resources (ASX:KOR) initiated a review of REE/Lithium potential at its Batchelor project in the NT; and
Taruga Minerals (ASX:TAR) kicked off drilling at the Mt Craig project, testing for extensions of clay hosted REEs recently discovered at the Morgans Creek prospect.

Every single one of these announcements sparked a +20% share price spike. Very lithium-esque.

Then there’s Lynas Rare Earths (ASX:LYC), which yesterday announcing a major disruption to production at its downstream separation plant in Kuantan, Malaysia. That’s bad news.

And yet its share price actually increased, before finishing flat for the day.

Why the step change in investor sentiment?

We called Ionic Rare Earths (ASX:IXR) managing director Tim Harrison, who was in London recovering from jet lag, with some questions.

“There is about 750g of magnet rare earths on every EV motor,” Harrison told Stockhead.

That adds up quickly if BNEF’s prediction is correct and ~40m EVs are sold each year by 2030.

Then there’s the gigantic offshore wind turbines.

“Some of the beasts they are building now have 6 tonnes of magnets in them, or about 2 tonnes of rare earth metals,” Harrisons says.

“And then you look at the number of wind turbines set to be installed over the next 30 years … and yeah. There’s a [supply] conundrum.

“This is an application where substitution is not an option.”

So, there it is. Two industries, growing exponentially, in tandem, and both requiring large amounts of rare earths.

No wonder everyone is excited.

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>>>

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

CODE	COMPANY	1 WEEK RETURN %	1 MONTH RETURN %	6 MONTH RETURN %	1 YEAR RETURN %	PRICE	MARKET CAP
CRR	Critical Resources	54%	9%	-13%	186%	0.063	$74,400,761.95
ODE	Odessa Minerals	50%	50%	85%	380%	0.024	$15,577,382.13
KOR	Korab Resources	46%	17%	-15%	86%	0.041	$12,846,750.00
GL1	Globallith	43%	29%	52%	521%	2.42	$388,810,727.20
ASN	Anson Resources	42%	170%	252%	268%	0.405	$381,285,562.77
SYA	Sayona Mining	41%	31%	125%	133%	0.36	$2,948,035,086.39
BMM	Balkanminingandmin	41%	32%	-5%	-68%	0.26	$8,515,000.00
BKT	Black Rock Mining	39%	5%	-15%	5%	0.195	$200,350,428.62
FRS	Forrestaniaresources	38%	64%	-19%	0%	0.27	$9,007,552.08
MMC	Mitremining	38%	57%	0%	0%	0.18	$4,739,892.50
SGQ	St George Min	38%	6%	-48%	-51%	0.033	$23,100,587.66
CLZ	Classic Min	38%	-31%	-85%	-85%	0.022	$5,788,803.91
WC8	Wildcat Resources	37%	23%	23%	61%	0.037	$23,229,818.17
LPM	Lithium Plus	34%	8%	0%	0%	0.745	$34,356,014.00
PNN	Power Minerals	34%	17%	56%	111%	0.655	$40,334,971.40
RR1	Reach Resources	33%	100%	0%	0%	0.008	$13,370,354.47
E25	Element 25	33%	14%	-12%	-60%	0.83	$123,695,398.89
AS2	Askarimetalslimited	31%	-1%	8%	110%	0.42	$18,027,708.00
OCN	Oceanalithiumlimited	29%	46%	0%	0%	0.75	$22,797,000.00
AGY	Argosy Minerals	28%	28%	46%	197%	0.52	$669,844,279.58
PLS	Pilbara Min	28%	52%	65%	131%	4.745	$13,638,981,966.93
RFR	Rafaella Resources	27%	36%	-31%	-57%	0.038	$8,424,715.47
EUR	European Lithium	27%	16%	3%	28%	0.1025	$123,221,047.40
WR1	Winsome Resources	26%	14%	-6%	0%	0.335	$42,560,908.11
GLN	Galan Lithium	26%	8%	5%	41%	1.48	$437,057,779.24
VRC	Volt Resources	25%	38%	96%	-19%	0.0275	$89,657,921.98
RNU	Renascor Res	25%	5%	-17%	67%	0.225	$454,635,599.25
TNG	TNG Limited	25%	14%	92%	52%	0.125	$166,610,186.64
LEL	Lithenergy	24%	7%	34%	109%	1.2	$54,180,000.00
MIN	Mineral Resources.	24%	25%	60%	39%	74.13	$13,841,422,229.88
CXO	Core Lithium	22%	13%	53%	389%	1.6625	$2,762,140,616.04
LPI	Lithium Pwr Int	22%	15%	21%	156%	0.73	$233,927,048.16
PUR	Pursuit Minerals	21%	0%	-15%	-65%	0.017	$15,970,867.10
GT1	Greentechnology	21%	14%	11%	0%	0.835	$158,312,866.19
EMH	European Metals Hldg	20%	-8%	-24%	-43%	0.865	$101,777,702.90
THR	Thor Mining PLC	20%	26%	-14%	-20%	0.012	$12,090,796.58
AZL	Arizona Lithium	20%	-8%	-31%	143%	0.097	$209,663,523.81
NVX	Novonix Limited	19%	-19%	-53%	-59%	2.42	$1,099,896,583.04
LEG	Legend Mining	19%	-23%	-35%	-41%	0.044	$110,205,428.84
AKE	Allkem Limited	19%	29%	51%	78%	16	$9,902,830,075.58
QXR	Qx Resources Limited	19%	-18%	-30%	167%	0.032	$25,780,869.63
EMS	Eastern Metals	18%	-21%	-30%	0%	0.13	$5,025,312.50
SYR	Syrah Resources	18%	23%	41%	47%	1.93	$1,259,774,480.92
NMT	Neometals	17%	12%	4%	93%	1.535	$875,469,215.18
AZS	Azure Minerals	17%	-14%	-41%	-37%	0.2225	$69,915,537.23
IGO	IGO Limited	17%	24%	17%	55%	14.89	$11,086,400,782.32
CLA	Celsius Resource	17%	8%	-26%	-53%	0.014	$20,921,152.60
LKE	Lake Resources	16%	-7%	-1%	146%	1.2775	$1,751,366,873.34
MRR	Minrex Resources	15%	-14%	-4%	238%	0.054	$55,977,464.56
EVR	Ev Resources	15%	-3%	-34%	-6%	0.031	$27,779,522.13
BNR	Bulletin Res	15%	-3%	3%	74%	0.155	$45,351,620.50
EVR	Ev Resources	15%	-3%	-34%	-6%	0.031	$27,779,522.13
PEK	Peak Rare Earths	15%	-12%	-20%	-35%	0.55	$115,078,438.04
CHR	Charger Metals	14%	3%	-17%	-4%	0.555	$17,267,948.55
KAI	Kairos Minerals	14%	0%	33%	0%	0.032	$64,815,085.20
DVP	Develop Global	14%	2%	-25%	-12%	2.59	$407,862,491.63
1MC	Morella Corporation	14%	14%	14%	-55%	0.0285	$167,203,727.79
INR	Ioneer	14%	0%	37%	6%	0.7	$1,374,277,819.78
BEM	Blackearth Minerals	14%	-6%	-10%	-27%	0.099	$25,720,891.09
COB	Cobalt Blue	13%	-1%	19%	165%	0.86	$274,049,679.71
VR8	Vanadium Resources	13%	18%	12%	43%	0.087	$42,142,601.29
EMT	Emetals Limited	13%	100%	13%	-14%	0.018	$16,150,000.00
WIN	Widgienickellimited	13%	-5%	-34%	0%	0.315	$81,315,000.00
AXE	Archer Materials	12%	-4%	-15%	-53%	0.82	$206,227,781.81
REE	Rarex Limited	12%	-14%	-32%	-35%	0.065	$34,765,518.82
QPM	Queensland Pacific	12%	12%	12%	-26%	0.1625	$234,541,969.65
BOA	Boadicea Resources	12%	0%	-28%	-24%	0.14	$10,877,985.30
BRB	Breaker Res NL	12%	2%	-8%	-6%	0.235	$78,201,822.96
BSX	Blackstone	12%	-24%	-55%	-59%	0.2125	$104,109,549.50
ESS	Essential Metals	12%	-5%	39%	197%	0.52	$126,216,041.85
POS	Poseidon Nick	12%	2%	-36%	-52%	0.058	$165,453,814.40
RAG	Ragnar Metals	11%	-19%	24%	-9%	0.039	$14,788,210.67
A8G	Australasian Metals	11%	7%	-36%	9%	0.3	$12,351,148.20
LMG	Latrobe Magnesium	11%	-1%	-2%	291%	0.09	$141,752,742.12
ENT	Enterprise Metals	11%	-9%	-29%	-41%	0.01	$6,529,806.88
PNT	Panthermetals	11%	-15%	-15%	0%	0.2	$5,337,500.00
ARR	American Rare Earths	11%	-30%	-35%	70%	0.255	$108,873,295.76
RAS	Ragusa Minerals	11%	82%	364%	219%	0.255	$32,161,017.00
AML	Aeon Metals .	11%	3%	-35%	-44%	0.031	$34,989,784.74
TON	Triton Min	11%	15%	7%	0%	0.031	$39,022,309.49
VUL	Vulcan Energy	11%	-11%	-10%	-47%	8.47	$1,139,515,642.95
FG1	Flynngold	11%	18%	-34%	-30%	0.105	$6,726,410.25
ARU	Arafura Resource	10%	34%	74%	150%	0.375	$663,960,052.53
LRS	Latin Resources	10%	5%	174%	180%	0.115	$234,371,238.24
CAE	Cannindah Resources	9%	-4%	-36%	186%	0.24	$128,068,922.43
ASO	Aston Minerals	9%	-1%	-45%	-39%	0.091	$100,217,784.06
CAI	Calidus Resources	9%	-10%	-28%	8%	0.61	$264,857,931.53
JRV	Jervois Global	9%	21%	-26%	7%	0.55	$828,264,273.75
RGL	Riversgold	9%	-5%	17%	32%	0.037	$28,682,027.63
KZR	Kalamazoo Resources	9%	-7%	-17%	-31%	0.25	$32,404,762.28
SBR	Sabre Resources	8%	30%	30%	44%	0.0065	$16,738,386.05
IPX	Iperionx Limited	8%	9%	-5%	-25%	0.925	$131,461,459.09
PGM	Platina Resources	7%	-12%	-42%	-57%	0.029	$14,607,949.64
NIC	Nickel Industries	7%	-13%	-17%	-8%	0.9925	$2,608,366,189.64
LOT	Lotus Resources	7%	7%	-30%	7%	0.2575	$320,486,536.61
LPD	Lepidico	7%	0%	-6%	25%	0.03	$195,215,736.99
PAN	Panoramic Resources	7%	-4%	-25%	0%	0.225	$481,964,790.94
S2R	S2 Resources	7%	-3%	-14%	53%	0.15	$53,456,228.25
TLG	Talga Group	7%	5%	-2%	2%	1.43	$430,014,071.79
AVL	Aust Vanadium	7%	-12%	24%	109%	0.046	$182,508,747.76
ESR	Estrella Res	7%	-6%	-47%	-62%	0.016	$18,584,515.50
LRV	Larvottoresources	7%	-6%	30%	0%	0.24	$9,760,137.50
LTR	Liontown Resources	7%	5%	11%	78%	1.78	$3,843,761,862.50
WCN	White Cliff Min	7%	75%	-6%	88%	0.0245	$15,686,480.69
VML	Vital Metals Limited	6%	-10%	-12%	-33%	0.0415	$224,622,132.40
HXG	Hexagon Energy	6%	-11%	-67%	-79%	0.017	$8,719,570.32
AUZ	Australian Mines	6%	-10%	-54%	-64%	0.085	$39,371,962.64
MLS	Metals Australia	6%	-26%	-25%	33%	0.053	$30,958,845.74
G88	Golden Mile Res	6%	20%	-42%	-35%	0.036	$7,365,231.22
CTM	Centaurus Metals	6%	9%	-10%	8%	1.175	$493,307,745.32
ILU	Iluka Resources	6%	3%	4%	6%	10.38	$4,289,030,479.17
CZN	Corazon	6%	0%	-44%	-46%	0.019	$10,985,950.03
MQR	Marquee Resource	6%	-18%	-23%	9%	0.076	$24,618,171.24
EGR	Ecograf Limited	5%	-19%	-26%	-53%	0.395	$173,378,381.72
PRL	Province Resources	5%	-31%	9%	-39%	0.1	$116,967,821.16
AX8	Accelerate Resources	5%	8%	-15%	-5%	0.04	$9,736,520.36
ARL	Ardea Resources	5%	-13%	13%	118%	0.93	$160,402,194.54
MRC	Mineral Commodities	5%	-2%	-29%	-41%	0.085	$43,374,741.35
NTU	Northern Min	5%	5%	-16%	2%	0.043	$204,140,634.56
CNB	Carnaby Resource	5%	-13%	-34%	121%	0.86	$122,876,759.90
BUX	Buxton Resources	5%	22%	5%	45%	0.11	$16,041,200.34
PLL	Piedmont Lithium Inc	5%	14%	-6%	21%	0.9	$472,175,866.00
IXR	Ionic Rare Earths	5%	-18%	-24%	41%	0.045	$166,522,011.56
CNJ	Conico	5%	29%	279%	-29%	0.045	$64,018,596.88
GSR	Greenstone Resources	5%	-3%	84%	134%	0.068	$75,848,665.61
IG6	Internationalgraphit	4%	16%	0%	0%	0.355	$27,298,516.18
GAL	Galileo Mining	4%	4%	391%	279%	1.08	$207,278,673.00
SRL	Sunrise	4%	15%	46%	86%	3.15	$291,787,527.96
S32	South32 Limited	4%	7%	-12%	26%	4.325	$19,670,834,232.00
CZL	Cons Zinc	4%	0%	-11%	-11%	0.025	$8,909,229.70
ARN	Aldoro Resources	4%	-7%	-25%	-47%	0.255	$25,394,765.84
OZL	OZ Minerals	4%	4%	5%	14%	26.675	$8,746,887,869.07
GME	GME Resources	4%	24%	57%	120%	0.13	$78,052,132.34
BHP	BHP Group Limited	4%	1%	-7%	7%	39.4	$199,643,988,111.96
LYC	Lynas Rare Earths	4%	-9%	-14%	24%	8.825	$7,959,269,906.28
MTM	Mtmongerresources	4%	21%	-6%	-34%	0.145	$5,626,504.95
NWC	New World Resources	3%	-6%	-35%	-44%	0.034	$64,641,598.77
MEK	Meeka Metals Limited	3%	4%	40%	49%	0.07	$69,857,189.49
INF	Infinity Lithium	3%	23%	31%	98%	0.19	$78,852,482.54
FRB	Firebird Metals	3%	-7%	-49%	-68%	0.195	$11,933,274.96
OD6	Od6Metals	3%	15%	0%	0%	0.195	$9,868,099.20
ZNC	Zenith Minerals	3%	1%	-11%	26%	0.3025	$103,428,683.70
SCN	Scorpion Minerals	3%	23%	25%	29%	0.081	$27,210,157.74
GBR	Greatbould Resources	3%	-15%	-34%	-34%	0.1025	$44,401,578.17
PAM	Pan Asia Metals	2%	-4%	-14%	-8%	0.445	$29,937,698.01
CHN	Chalice Mining	2%	-6%	-43%	-34%	4.545	$1,572,922,270.92
PSC	Prospect Res	2%	-20%	128%	462%	0.096	$45,301,427.28
KTA	Krakatoa Resources	2%	-10%	39%	-10%	0.061	$21,372,014.85
AAJ	Aruma Resources	1%	-14%	-17%	-30%	0.068	$10,673,382.20
VIA	Viagold Rare Earth	0%	0%	0%	1329%	2	$166,624,808.00
HNR	Hannans	0%	0%	-36%	112%	0.021	$54,731,701.00
AVZ	AVZ Minerals	0%	0%	-13%	200%	0.78	$2,752,409,203.44
RLC	Reedy Lagoon Corp.	0%	-6%	-38%	-30%	0.016	$9,476,257.50
GED	Golden Deeps	0%	15%	50%	30%	0.015	$17,328,400.71
ADV	Ardiden	0%	-11%	-38%	-47%	0.008	$18,678,347.49
CWX	Carawine Resources	0%	-9%	-53%	-50%	0.1	$13,783,434.70
TKL	Traka Resources	0%	0%	-30%	-46%	0.007	$4,821,421.93
FFX	Firefinch	0%	0%	-28%	-6%	0.2	$236,248,644.20
ATM	Aneka Tambang	0%	0%	4%	15%	1.15	$1,499,196.35
AQD	Ausquest Limited	0%	-11%	-6%	-11%	0.017	$14,852,686.01
LML	Lincoln Minerals	0%	0%	0%	0%	0.008	$4,599,869.49
WKT	Walkabout Resources	0%	0%	-12%	-2%	0.173011	$78,248,343.26
VMC	Venus Metals Cor	0%	-3%	-11%	-3%	0.17	$26,412,982.70
EFE	Eastern Resources	0%	-15%	-38%	7%	0.029	$29,195,190.30
AM7	Arcadia Minerals	0%	79%	16%	18%	0.26	$12,141,451.92
BYH	Bryah Resources	0%	-5%	-40%	-42%	0.028	$8,098,350.75
IMI	Infinitymining	0%	37%	14%	0%	0.205	$11,787,500.00
LSR	Lodestar Minerals	0%	-13%	-42%	-30%	0.007	$12,169,061.44
TSC	Twenty Seven Co.	0%	-5%	-29%	-5%	0.002	$5,321,627.81
WML	Woomera Mining	0%	-6%	-11%	-27%	0.016	$10,989,329.06
CMO	Cosmometalslimited	0%	-3%	-9%	0%	0.145	$3,698,950.00
AOA	Ausmon Resorces	0%	45%	0%	14%	0.008	$6,858,314.74
AVW	Avira Resources	0%	14%	-20%	-20%	0.004	$8,475,160.00
FTL	Firetail Resources	0%	-2%	0%	0%	0.25	$16,063,450.00
XTC	Xantippe Res	0%	-10%	29%	500%	0.009	$65,161,838.80
TMT	Technology Metals	-1%	-4%	0%	-13%	0.35	$74,487,717.74
EMN	Euromanganese	-2%	-18%	-20%	-46%	0.32	$78,936,077.79
MCR	Mincor Resources NL	-2%	2%	-1%	52%	2.065	$1,005,601,916.20
JRL	Jindalee Resources	-2%	-15%	-13%	-28%	2.47	$142,299,835.68
STK	Strickland Metals	-2%	-8%	-16%	20%	0.049	$67,898,433.40
ALY	Alchemy Resource	-2%	19%	79%	57%	0.0215	$20,014,595.06
OMH	OM Holdings Limited	-2%	-5%	-30%	-16%	0.63	$472,718,935.68
JMS	Jupiter Mines.	-3%	-5%	-19%	-20%	0.195	$382,003,251.44
TEM	Tempest Minerals	-3%	-14%	73%	50%	0.038	$19,181,114.69
CMX	Chemxmaterials	-3%	-6%	-6%	0%	0.17	$7,967,241.42
TMB	Tambourahmetals	-3%	-17%	-27%	-39%	0.15	$6,178,889.70
GW1	Greenwing Resources	-3%	-3%	2%	-23%	0.28	$33,893,020.98
LNR	Lanthanein Resources	-4%	86%	125%	177%	0.054	$53,918,231.92
DEV	Devex Resources	-4%	-4%	-11%	24%	0.385	$140,225,130.24
FGR	First Graphene	-4%	-14%	-22%	-32%	0.125	$71,958,122.63
MNS	Magnis Energy Tech	-4%	7%	11%	38%	0.49	$470,610,769.26
MNS	Magnis Energy Tech	-4%	7%	11%	38%	0.49	$470,610,769.26
SRI	Sipa Resources	-4%	5%	-17%	-29%	0.045	$9,226,116.14
RBX	Resource B	-4%	-12%	-45%	-33%	0.11	$4,917,179.64
MAN	Mandrake Res	-5%	-11%	-11%	-24%	0.042	$22,983,496.56
DTM	Dart Mining NL	-5%	27%	31%	-16%	0.105	$15,554,918.40
SLZ	Sultan Resources	-5%	-31%	-41%	-41%	0.1	$8,328,438.90
AZI	Altamin Limited	-5%	1%	32%	9%	0.09	$35,254,507.68
MLX	Metals X Limited	-5%	-12%	-56%	-15%	0.265	$249,498,168.43
RXL	Rox Resources	-5%	-4%	-35%	-37%	0.265	$42,235,236.75
SHH	Shree Minerals	-6%	-15%	-53%	-35%	0.0085	$10,527,138.58
KFM	Kingfisher Mining	-6%	122%	122%	156%	0.5	$15,581,475.46
NVA	Nova Minerals	-6%	5%	37%	-40%	0.875	$161,621,922.00
AKN	Auking Mining	-6%	-42%	-54%	-59%	0.076	$7,575,270.44
ENV	Enova Mining Limited	-6%	-6%	-12%	-38%	0.015	$5,508,225.93
IPT	Impact Minerals	-7%	-13%	-48%	-44%	0.007	$17,369,593.89
STM	Sunstone Metals	-7%	-13%	-45%	100%	0.042	$109,050,749.60
PGD	Peregrine Gold	-7%	-26%	31%	86%	0.67	$27,105,089.20
AR3	Austrare	-7%	-20%	-58%	-65%	0.33	$31,892,519.92
RMX	Red Mount Min	-7%	-7%	-19%	-35%	0.0065	$10,675,365.08
WMG	Western Mines	-7%	-16%	-43%	-30%	0.13	$5,128,550.00
GSM	Golden State Mining	-7%	-17%	-36%	-63%	0.05	$5,850,710.20
LIT	Lithium Australia	-7%	-27%	-41%	-48%	0.062	$74,398,235.81
SUM	Summitminerals	-8%	6%	0%	0%	0.185	$4,450,959.00
NC1	Nicoresourceslimited	-8%	-14%	12%	0%	0.785	$68,581,501.56
CML	Chase Mining Limited	-9%	-3%	4%	-24%	0.0145	$7,021,991.42
NKL	Nickelx	-10%	0%	-13%	-41%	0.13	$8,383,500.00
QEM	QEM Limited	-10%	-10%	23%	34%	0.215	$26,269,651.17
AOU	Auroch Minerals	-11%	-14%	-49%	-68%	0.059	$23,008,931.54
NWM	Norwest Minerals	-11%	33%	-16%	-20%	0.056	$10,114,013.67
ADD	Adavale Resource	-12%	20%	-31%	-43%	0.03	$13,339,876.44
SRZ	Stellar Resources	-13%	-22%	-48%	-55%	0.014	$13,512,766.76
KGD	Kula Gold Limited	-13%	-26%	-52%	-61%	0.02	$5,379,390.76
MOH	Moho Resources	-14%	7%	-33%	-50%	0.03	$4,983,892.92
GRE	Greentechmetals	-14%	-32%	-14%	0%	0.21	$6,255,999.80
KOB	Kobaresourceslimited	-15%	-3%	0%	0%	0.145	$9,425,000.00
MRD	Mount Ridley Mines	-17%	0%	-44%	25%	0.005	$29,374,854.71
HAS	Hastings Tech Met	-19%	-5%	-18%	4%	4.37	$446,373,950.00
PVW	PVW Res	-35%	-34%	-69%	0%	0.175	$15,813,718.75