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High Voltage: Lithium sentiment is up but prices are still under pressure

  • CATL supply cuts have given lithium equity sentiment a boost
  • But Benchmark Mineral Intelligence price assessments show there has been little immediate impact on chemical pricing
  • Element 25 among the leading battery metals stock on US Government pump

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

 

Lithium miners saw a resurgence in the past couple weeks, spurred largely by the closure of a massive Chinese lepidolite mine owned by the world’s largest battery maker.

CATL’s suspension of its 5000-6000t LCE per month Jianxiawo operation in Yichun, Jianxi Province, sent Australian producers and explorers on a tear with investors picking up the delirious scent of a “bottom”.

Those supply cuts suggested even the most integrated producers in China were struggling at current prices, with UBS predicting 11-23% upside on lithium carbonate for the rest of 2024.

READ: Benchmark Gigafactories APAC: UBS calls lithium bottom, sends share prices surging

But over in China prices paid by battery and cathode making customers for lithium chemicals, a key input in electric vehicles, have been sliding ahead of public holidays.

According to Benchmark Mineral Intelligence’s latest weekly assessment, prices fell a bare 0.3% to a mid-point of RMB74,000/t for battery grade carbonate (up $100/t in USD terms to US$10,575/t thanks to a stronger Yuan).

That marked a 23.3% drop from the start of the year after a more than 80% collapse in 2023.

Lithium hydroxide also fell 0.4% (16.8%) on the year to RMB69,500/t (US$9950/t).

“In the week to 25 September, lithium hydroxide and lithium carbonate prices in China remained mostly flat as supply was sufficient to meet demand growth,” Benchmark’s analysts said.

“During the assessment period, domestic liquidity mounted as cathode producers procured material ahead of the National Day Golden Week holiday commencing on 1 October.

“Additionally, towards the end of the assessment period, the Chinese government announced a significant stimulus package, including funds earmarked for private sector purchase of domestic equities. This temporarily bolstered sentiment across several commodity markets, including lithium.

“However, contacts expressed doubts that the announcement would support lithium prices in the longer term, amid continued robust domestic chemicals supply.”

Shanghai Metals Market analyst William Gu said earlier this month that CATL could have other reasons to curb production from Jianxiawo, such as that they have already finished restocking for the fourth quarter while CATL may have downbeat expectations for battery demand in the December term.

Bechmark’s weekly cobalt assessment was similarly rough, with cobalt sulphate prices down 0.9% WoW and 14.7% YTD.

“This is once again a historic low for cobalt sulphate since Benchmark begun assessing prices in 2017, driven by a fall in the low end of the price range,” Benchmark said.

“Low end prices for cobalt sulphate originate from recycled material being sold at a discount, with the lower cost of producing recycled cobalt sulphate allowing sellers to undercut the market, however, the volume of recycled material still remains much smaller than primary cobalt sulphate.”

 

Panoramic closes in on return, but there are caveats

We hate to be the bearer of more bad news, but it’s worth pointing out that it’s always brightest before the dawn.

With that olive branch out of the way, investors, let’s burn it with the no doubt infuriating news stemming from the Panoramic Resources administration.

The owner of the failed Savannah nickel mine in WA’s north went under in December last year, with administrators FTI boarding up the nickel-copper-cobalt mine in January as prices for the battery metals caved in on rising supplies from Indonesia and the DRC.

Major investor Zeta Resources has been approved to take over the company and asset in a DOCA supported by the administrators and offtaker Trafigura.

But investors will receive nothing in the deal, with employees the only creditors to get their full 100% return.

Other non-secured creditors have been offered just 9.7c in the dollar.

But they’ll get nothing if the DOCA is approved by creditors and contractor Barminco is successful with court action in which it has pleaded to be regarded as a priority claimant.

If that happens and liquidation occurs instead of the DOCA, FTI estimates unsecured creditors walk away with just 0.24c in the dollar.

Ouch. At the very least, nickel has been stable in 2024. Counter-cyclical play anyone?

 

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 % 6 MONTH % YEAR % YTD % MARKET CAP
PVW PVW Res Ltd 0.024 14% 20% -11% -65% -50% $ 3,033,714.67
A8G Australasian Metals 0.11 0% -19% 57% -21% -35% $ 5,733,254.34
INF Infinity Lithium 0.031 -11% -37% -54% -64% -69% $ 15,265,539.07
PSC Prospect Res Ltd 0.09 -7% -18% 10% 11% 1% $ 54,411,776.78
PAM Pan Asia Metals 0.054 -19% -43% -66% -72% -57% $ 10,608,087.08
CXO Core Lithium 0.1 0% 0% -35% -71% -60% $ 214,301,554.40
LOT Lotus Resources Ltd 0.285 24% 30% -32% 19% 0% $ 485,895,377.70
AGY Argosy Minerals Ltd 0.036 -16% -10% -72% -79% -73% $ 52,413,153.62
NWC New World Resources 0.02 11% 11% -51% -35% -49% $ 53,965,352.74
QXR Qx Resources Limited 0.007 0% 17% -59% -71% -70% $ 6,660,467.12
CAE Cannindah Resources 0.046 7% -8% -22% -62% -54% $ 24,279,358.03
AZL Arizona Lithium Ltd 0.015 0% 0% -38% 0% -52% $ 67,107,217.92
RIL Redivium Limited 0.005 0% 0% 25% -38% -29% $ 8,240,564.43
COB Cobalt Blue Ltd 0.073 7% 4% -50% -73% -69% $ 29,995,706.90
LPD Lepidico Ltd 0.003 0% 50% -37% -68% -61% $ 25,767,374.65
MRD Mount Ridley Mines 0.001 0% 0% -50% -50% -50% $ 7,784,882.87
CZN Corazon Ltd 0.005 25% 0% -55% -62% -67% $ 3,339,527.95
LKE Lake Resources 0.039 -9% 3% -41% -76% -70% $ 63,403,791.46
DEV Devex Resources Ltd 0.165 22% -15% -40% -54% -31% $ 64,045,147.30
INR Ioneer Ltd 0.22 38% 63% 26% -4% 47% $ 502,546,655.15
MAN Mandrake Res Ltd 0.029 7% 7% -19% -24% -33% $ 19,736,317.44
RLC Reedy Lagoon Corp. 0.003 50% 0% -25% -40% -40% $ 1,858,622.20
GBR Greatbould Resources 0.058 23% 29% -2% -5% -11% $ 34,638,692.69
FRS Forrestaniaresources 0.013 8% -32% -24% -72% -54% $ 2,103,214.66
STK Strickland Metals 0.094 -1% -15% 9% 74% -1% $ 200,829,241.52
MLX Metals X Limited 0.44 6% 10% 26% 42% 52% $ 399,002,936.34
CLA Celsius Resource Ltd 0.012 0% -20% -14% 9% 0% $ 31,562,865.66
FGR First Graphene Ltd 0.048 -2% 4% -13% -21% -32% $ 31,219,830.98
HXG Hexagon Energy 0.021 -9% 17% -9% 133% 75% $ 11,797,065.72
TLG Talga Group Ltd 0.385 -1% -3% -49% -66% -51% $ 156,501,723.79
MNS Magnis Energy Tech 0.042 0% 0% 0% -44% 0% $ 50,378,922.34
PLL Piedmont Lithium Inc 0.13 18% 0% -30% -79% -70% $ 51,304,000.00
EUR European Lithium Ltd 0.038 -3% -3% -47% -48% -64% $ 53,128,660.32
BKT Black Rock Mining 0.053 -2% 2% -35% -37% -37% $ 66,358,575.01
QEM QEM Limited 0.1 -19% -22% -34% -50% -42% $ 13,625,254.08
LYC Lynas Rare Earths 7.7 14% 13% 33% 15% 8% $ 7,075,816,660.45
ESR Estrella Res Ltd 0.014 100% 180% 180% 100% 180% $ 25,447,872.83
ARL Ardea Resources Ltd 0.41 -1% -7% -41% -31% -14% $ 81,869,995.15
GLN Galan Lithium Ltd 0.11 10% -22% -70% -81% -84% $ 68,547,402.21
JLL Jindalee Lithium Ltd 0.24 -4% 4% -67% -85% -76% $ 16,414,111.23
VUL Vulcan Energy 4.32 15% 15% 54% 40% 52% $ 779,100,683.94
SBR Sabre Resources 0.014 8% 17% -26% -66% -58% $ 5,894,429.00
CHN Chalice Mining Ltd 1.445 -1% 28% 34% -40% -15% $ 544,637,503.20
VRC Volt Resources Ltd 0.004 0% 14% -33% -47% -38% $ 14,555,373.44
NMT Neometals Ltd 0.145 61% 75% 4% -59% -31% $ 75,888,790.34
AXN Alliance Nickel Ltd 0.043 10% 34% 23% -30% 0% $ 29,759,424.22
PNN Power Minerals Ltd 0.12 20% 36% -33% -53% -43% $ 12,662,079.37
IGO IGO Limited 5.45 7% 4% -23% -55% -40% $ 4,043,810,121.42
GED Golden Deeps 0.038 0% 41% -14% -30% -17% $ 5,757,849.26
ADV Ardiden Ltd 0.14 12% 8% -10% -35% -20% $ 8,439,863.31
SRI Sipa Resources Ltd 0.015 0% 0% -21% -25% -40% $ 3,422,372.03
NTU Northern Min Ltd 0.021 -5% -19% -32% -25% -30% $ 129,167,303.62
AXE Archer Materials 0.19 -16% -24% -68% -58% -50% $ 47,146,697.41
PGM Platina Resources 0.021 5% -9% 5% -19% 0% $ 13,086,786.95
AAJ Aruma Resources Ltd 0.016 -6% 0% -6% -50% -41% $ 3,774,988.92
IXR Ionic Rare Earths 0.008 0% 33% -56% -65% -69% $ 38,958,101.18
NIC Nickel Industries 0.895 8% 8% 14% 16% 29% $ 3,732,134,595.60
EVG Evion Group NL 0.027 17% 17% 23% -16% -21% $ 8,674,079.68
CWX Carawine Resources 0.094 2% 3% -15% -29% -15% $ 22,195,792.21
PLS Pilbara Min Ltd 2.99 6% 0% -23% -28% -24% $ 8,883,328,810.90
HAS Hastings Tech Met 0.275 -2% 2% -52% -61% -61% $ 49,727,186.85
BUX Buxton Resources Ltd 0.063 2% -11% -37% -69% -63% $ 13,496,148.93
ARR American Rare Earths 0.28 2% -5% 0% 124% 70% $ 135,966,407.23
SGQ St George Min Ltd 0.035 13% 3% 59% -10% 3% $ 39,187,455.55
TKL Traka Resources 0.001 0% 0% -50% -75% -67% $ 1,945,658.55
PRL Province Resources 0.041 0% 0% 0% 0% 0% $ 48,441,218.86
IPT Impact Minerals 0.013 8% -7% -7% 8% 18% $ 42,832,072.05
LIT Lithium Australia 0.022 5% 10% -29% -37% -27% $ 27,046,468.93
ARN Aldoro Resources 0.075 -6% 0% -4% -25% -40% $ 10,500,651.95
JRV Jervois Global Ltd 0.014 27% 27% -44% -61% -68% $ 29,730,401.64
SYR Syrah Resources 0.255 19% 16% -50% -45% -60% $ 263,897,400.33
FBM Future Battery 0.018 -10% -18% -68% -84% -75% $ 13,307,118.56
ADD Adavale Resource Ltd 0.003 20% 20% -50% -78% -57% $ 3,059,413.42
LTR Liontown Resources 0.725 12% -8% -38% -76% -56% $ 1,661,128,342.80
CTM Centaurus Metals Ltd 0.46 11% 26% 53% -32% -14% $ 225,999,051.92
VML Vital Metals Limited 0.003 50% 50% -25% -70% -54% $ 11,790,133.90
BSX Blackstone Ltd 0.04 -7% 14% -37% -65% -43% $ 22,173,350.51
POS Poseidon Nick Ltd 0.0035 17% -13% -45% -80% -68% $ 12,611,626.48
CHR Charger Metals 0.08 -10% -13% -33% -38% -52% $ 6,580,721.25
AVL Aust Vanadium Ltd 0.014 -7% 0% -18% -48% -33% $ 129,487,871.16
AUZ Australian Mines Ltd 0.007 0% 0% -42% -50% -30% $ 9,789,584.87
RXL Rox Resources 0.13 -4% -4% -16% -50% -29% $ 53,377,387.31
RNU Renascor Res Ltd 0.082 -9% -10% -4% -25% -37% $ 208,430,033.02
GL1 Globallith 0.205 17% -20% -61% -86% -83% $ 50,814,637.77
ASN Anson Resources Ltd 0.077 -13% -22% -13% -49% -45% $ 100,786,000.07
SYA Sayona Mining Ltd 0.029 12% 7% -26% -69% -59% $ 288,212,288.39
EGR Ecograf Limited 0.098 1% -1% -44% -11% -30% $ 43,587,054.62
ATM Aneka Tambang 1.03 0% 0% -6% -11% -13% $ 1,342,758.47
TVN Tivan Limited 0.05 4% 11% -9% -32% -17% $ 86,403,313.86
ALY Alchemy Resource Ltd 0.007 17% 17% 17% -36% -30% $ 8,246,533.79
GAL Galileo Mining Ltd 0.165 3% -3% -39% -45% -42% $ 33,596,237.59
BHP BHP Group Limited 43.36 11% 7% -1% -2% -14% $ 216,655,580,727.60
LEL Lithenergy 0.315 3% -10% -39% -48% -45% $ 35,280,494.24
ASL Andean Silver 1.17 0% 38% 196% 342% 333% $ 135,913,829.12
RMX Red Mount Min Ltd 0.001 0% 0% -43% -71% -62% $ 3,873,577.31
GW1 Greenwing Resources 0.042 -11% -30% -40% -69% -69% $ 9,314,555.92
AQD Ausquest Limited 0.011 0% 0% 0% -27% 0% $ 8,261,492.23
LML Lincoln Minerals 0.006 0% 20% -14% 20% 0% $ 12,337,557.12
1MC Morella Corporation 0.03 -3% -12% -70% -80% -78% $ 8,123,228.43
REE Rarex Limited 0.013 8% 0% -19% -64% -54% $ 10,271,710.15
MRC Mineral Commodities 0.026 0% 0% 8% -24% -19% $ 25,596,287.57
PUR Pursuit Minerals 0.0025 -17% -17% -50% -75% -69% $ 9,088,499.97
QPM Queensland Pacific 0.032 7% 3% -29% -44% -42% $ 80,677,723.46
EMH European Metals Hldg 0.15 0% -25% -44% -79% -65% $ 31,116,705.75
BMM Balkanminingandmin 0.045 -2% -6% -26% -79% -59% $ 3,871,823.09
PEK Peak Rare Earths Ltd 0.19 -5% -7% -5% -51% -46% $ 50,621,825.21
LEG Legend Mining 0.013 -7% 8% -13% -45% -7% $ 37,823,203.41
MOH Moho Resources 0.006 0% 33% 0% -33% -40% $ 3,235,069.18
AML Aeon Metals Ltd. 0.005 0% 0% -17% -67% -55% $ 5,482,003.11
G88 Golden Mile Res Ltd 0.01 11% 0% -9% -69% -47% $ 4,112,228.55
WKT Walkabout Resources 0.11 13% 12% -8% -4% -21% $ 73,838,759.61
TON Triton Min Ltd 0.011 -15% 0% -31% -48% -52% $ 15,683,887.34
AR3 Austrare 0.075 25% 7% -32% -68% -50% $ 11,847,280.88
ARU Arafura Rare Earths 0.17 10% 6% -13% -29% 3% $ 394,292,590.56
MIN Mineral Resources. 43.13 16% -4% -38% -37% -38% $ 8,114,253,159.16
VMC Venus Metals Cor Ltd 0.061 -3% -13% -45% -53% -39% $ 11,383,720.98
S2R S2 Resources 0.079 -10% -25% -39% -55% -52% $ 35,322,923.45
CNJ Conico Ltd 0.002 100% 100% 0% -71% -60% $ 4,403,055.06
VR8 Vanadium Resources 0.044 5% 7% -4% -27% -19% $ 25,318,134.18
PVT Pivotal Metals Ltd 0.011 -21% -15% -21% -45% -56% $ 7,745,301.14
BOA Boadicea Resources 0.02 5% 0% -13% -47% -44% $ 2,837,115.48
IPX Iperionx Limited 3.17 18% 42% 38% 122% 128% $ 827,279,303.13
SLZ Sultan Resources Ltd 0.006 0% -14% -50% -73% -73% $ 1,185,518.93
SMX Strata Minerals 0.025 -11% 19% -17% -58% -32% $ 4,883,194.39
NVA Nova Minerals Ltd 0.135 -23% -13% -52% -41% -63% $ 34,097,963.34
MLS Metals Australia 0.024 -8% 20% 9% -27% -35% $ 18,907,707.62
MQR Marquee Resource Ltd 0.016 0% 39% -20% -54% -38% $ 6,662,150.11
MRR Minrex Resources Ltd 0.008 -11% -11% -38% -43% -53% $ 9,221,373.78
EVR Ev Resources Ltd 0.005 0% 25% -44% -62% -55% $ 6,981,357.43
EFE Eastern Resources 0.0045 0% 13% -44% -50% -44% $ 4,967,785.84
CNB Carnaby Resource Ltd 0.42 15% 5% -37% -49% -47% $ 63,616,781.02
BNR Bulletin Res Ltd 0.047 12% -4% -29% -36% -66% $ 13,799,826.18
AX8 Accelerate Resources 0.011 22% 22% -73% -54% -74% $ 6,217,539.32
AM7 Arcadia Minerals 0.036 -3% 16% -49% -64% -51% $ 3,979,703.40
AS2 Askarimetalslimited 0.021 17% 5% -67% -90% -88% $ 1,961,402.92
BYH Bryah Resources Ltd 0.005 0% 11% -50% -69% -62% $ 2,516,434.28
DTM Dart Mining NL 0.016 7% -3% 3% -29% 3% $ 5,168,657.44
EMS Eastern Metals 0.018 -33% -22% -38% -42% -49% $ 2,159,848.66
FG1 Flynngold 0.03 3% 3% -18% -33% -34% $ 7,647,494.10
GSM Golden State Mining 0.011 10% 0% 10% -69% -27% $ 3,073,076.93
IMI Infinitymining 0.02 43% -26% -71% -85% -86% $ 2,443,394.38
LRV Larvottoresources 0.385 3% -4% 466% 237% 450% $ 114,698,598.81
LSR Lodestar Minerals 0.001 0% -33% -38% -79% -69% $ 3,372,328.92
RAG Ragnar Metals Ltd 0.019 0% -5% -5% -17% -21% $ 9,005,638.35
CTN Catalina Resources 0.004 33% 60% 0% -20% -11% $ 3,096,217.23
TMB Tambourahmetals 0.038 9% -10% -51% -80% -66% $ 3,510,019.15
TEM Tempest Minerals 0.01 11% 0% 16% 10% 31% $ 6,272,697.89
EMC Everest Metals Corp 0.125 9% 14% 56% 14% 56% $ 23,285,388.63
WML Woomera Mining Ltd 0.002 -20% 0% -56% -83% -93% $ 3,036,278.00
KZR Kalamazoo Resources 0.079 -1% -9% -9% -21% -34% $ 14,774,054.41
LMG Latrobe Magnesium 0.029 -3% -15% -39% -37% -54% $ 70,456,121.25
KOR Korab Resources 0.008 0% 0% -20% -58% -50% $ 2,936,400.00
CMX Chemxmaterials 0.036 0% -5% -32% -64% -56% $ 5,031,870.52
NC1 Nicoresourceslimited 0.1 -9% -20% -38% -76% -71% $ 10,726,156.35
GRE Greentechmetals 0.093 -1% 1% -66% -79% -80% $ 8,058,757.58
CMO Cosmometalslimited 0.028 4% 0% -33% -46% -51% $ 3,667,800.47
FRB Firebird Metals 0.13 24% 18% 8% -7% -10% $ 19,930,596.14
S32 South32 Limited 3.53 10% 17% 19% 6% 6% $ 15,535,356,888.24
OMH OM Holdings Limited 0.38 7% -1% -10% -22% -15% $ 291,177,584.38
JMS Jupiter Mines. 0.17 6% -17% -21% -13% 3% $ 333,285,904.23
E25 Element 25 Ltd 0.35 67% 63% 49% -24% -17% $ 80,268,026.37
EMN Euromanganese 0.048 -11% 30% -46% -67% -52% $ 10,556,335.87
KGD Kula Gold Limited 0.008 -11% -11% 0% -48% -47% $ 6,432,119.21
LRS Latin Resources Ltd 0.205 8% 3% 17% -21% -28% $ 574,290,989.92
CRR Critical Resources 0.01 -9% 0% -29% -74% -52% $ 19,583,853.07
ENT Enterprise Metals 0.003 -25% 0% 0% -25% -25% $ 3,309,951.75
SCN Scorpion Minerals 0.02 0% 43% -50% -67% -39% $ 7,779,667.65
GCM Green Critical Min 0.002 -20% -20% -60% -67% -78% $ 2,937,085.28
ENV Enova Mining Limited 0.009 0% 13% -67% 50% -40% $ 9,849,293.49
RBX Resource B 0.034 0% -17% -26% -78% -55% $ 2,811,272.49
AKN Auking Mining Ltd 0.005 -29% -58% -76% -93% -89% $ 1,677,850.78
RR1 Reach Resources Ltd 0.014 0% -13% 12% -80% -24% $ 12,242,038.89
EMT Emetals Limited 0.004 0% 0% -20% -56% -43% $ 3,400,000.00
PNT Panthermetalsltd 0.02 -17% -5% -18% -58% -52% $ 5,413,018.67
WIN WIN Metals 0.044 33% 91% -21% -77% -51% $ 13,857,463.45
WMG Western Mines 0.245 14% -4% 40% -21% -6% $ 18,733,236.94
AVW Avira Resources Ltd 0.001 0% 0% -33% -33% -50% $ 2,938,790.00
CAI Calidus Resources 0.115 0% 0% -4% -28% -47% $ 93,678,205.58
GT1 Greentechnology 0.089 1% -6% -36% -81% -69% $ 31,747,688.73
KAI Kairos Minerals Ltd 0.013 8% 30% 0% -41% -7% $ 34,201,858.46
MTM MTM Critical Metals 0.069 -1% 15% -4% 77% 1% $ 19,958,586.35
NWM Norwest Minerals 0.022 10% -4% -19% -24% -19% $ 10,672,629.22
PGD Peregrine Gold 0.16 7% -14% -18% -46% -33% $ 12,896,899.99
RAS Ragusa Minerals Ltd 0.016 7% 0% -36% -48% -56% $ 2,138,981.79
RGL Riversgold 0.005 11% 25% -29% -58% -58% $ 5,309,850.37
SRZ Stellar Resources 0.017 0% 0% 21% 55% 143% $ 31,195,758.53
STM Sunstone Metals Ltd 0.006 20% -40% -50% -67% -60% $ 21,629,518.18
ZNC Zenith Minerals Ltd 0.043 2% 2% -50% -53% -71% $ 13,038,092.67
WC8 Wildcat Resources 0.25 19% -12% -63% -37% -64% $ 306,016,074.50
ASO Aston Minerals Ltd 0.013 -7% 18% -10% -64% -46% $ 16,835,835.50
THR Thor Energy PLC 0.017 0% 6% -29% -62% -43% $ 3,914,645.57
YAR Yari Minerals Ltd 0.004 33% 33% -33% -79% -65% $ 1,929,431.25
IG6 Internationalgraphit 0.073 4% 7% -53% -59% -54% $ 13,742,641.43
LPM Lithium Plus 0.1 -9% 2% -33% -75% -72% $ 12,619,800.00
ODE Odessa Minerals Ltd 0.002 -33% -33% -60% -83% -78% $ 2,086,565.07
KOB Kobaresourceslimited 0.12 14% -17% 14% 50% 71% $ 19,027,393.68
AZI Altamin Limited 0.032 3% -3% -36% -50% -42% $ 14,043,169.09
FTL Firetail Resources 0.099 22% 38% 154% -1% 35% $ 33,124,797.50
LNR Lanthanein Resources 0.003 0% 0% 0% -63% -74% $ 7,330,908.38
CLZ Classic Min Ltd 0.001 0% 0% -93% -98% -98% $ 1,439,025.56
NVX Novonix Limited 0.63 16% 3% -29% -23% -14% $ 274,029,582.23
OCN Oceanalithiumlimited 0.03 -23% -3% -45% -86% -75% $ 2,474,940.00
SUM Summitminerals 0.275 10% 22% 337% 96% 178% $ 23,611,836.64
DVP Develop Global Ltd 2.29 16% 9% -4% -26% -19% $ 562,556,806.58
OD6 Od6Metalsltd 0.041 -9% -5% -53% -76% -71% $ 5,147,606.92
HRE Heavy Rare Earths 0.032 0% 3% -20% -65% -50% $ 2,184,804.80
LIN Lindian Resources 0.105 -5% -5% -13% -57% -28% $ 121,056,834.78
PEK Peak Rare Earths Ltd 0.19 -5% -7% -5% -51% -46% $ 50,621,825.21
ILU Iluka Resources 6.81 16% 17% -6% -13% 3% $ 2,821,787,639.22
ASM Ausstratmaterials 0.53 -4% 3% -64% -65% -58% $ 91,566,416.18
ETM Energy Transition 0.024 -4% 14% -35% -37% -38% $ 38,035,134.31
CRI Criticalim 0.012 -8% -29% -48% 0% 71% $ 32,049,608.51
IDA Indiana Resources 0.097 4% 5% 26% 54% 22% $ 60,265,271.22
VTM Victory Metals Ltd 0.4 -20% 13% 54% 111% 90% $ 41,812,416.98
M2R Miramar 0.007 0% -36% -59% -86% -65% $ 3,174,586.28
WCN White Cliff Min Ltd 0.021 24% 50% 40% 62% 133% $ 30,958,360.87
TAR Taruga Minerals 0.009 13% 0% 29% -10% -18% $ 5,648,214.28
ABX ABX Group Limited 0.041 0% -13% -23% -48% -43% $ 10,751,733.50
MEK Meeka Metals Limited 0.059 5% 2% 69% 23% 48% $ 79,814,688.80
RR1 Reach Resources Ltd 0.014 0% -13% 12% -80% -24% $ 12,242,038.89
DRE Dreadnought Resources Ltd 0.015 0% -17% -17% -72% -50% $ 56,197,687.50
KFM Kingfisher Mining 0.075 10% 25% -18% -59% -50% $ 4,028,625.08
AOA Ausmon Resorces 0.003 0% 0% 0% -14% 0% $ 3,176,998.03
WC1 Westcobarmetals 0.026 -7% -13% -46% -69% -66% $ 4,422,509.60
GRL Godolphin Resources 0.015 -6% 15% -57% -58% -62% $ 3,422,259.54
DM1 Desert Metals 0.024 4% 14% -20% -47% -53% $ 6,370,216.63
PTR Petratherm Ltd 0.051 13% 155% 183% -6% 46% $ 13,582,312.55
ITM Itech Minerals Ltd 0.073 12% 1% -6% -46% -34% $ 11,780,741.77
KTA Krakatoa Resources 0.012 9% 20% 50% -43% -67% $ 5,665,286.64
M24 Mamba Exploration 0.012 -20% 9% -54% -79% -76% $ 2,256,987.31
LNR Lanthanein Resources 0.003 0% 0% 0% -63% -74% $ 7,330,908.38
TKM Trek Metals Ltd 0.031 -6% -24% -11% -43% -23% $ 15,917,658.72
BCA Black Canyon Limited 0.058 12% -22% -42% -52% -59% $ 4,741,816.91
CDT Castle Minerals 0.003 -25% -25% -54% -67% -68% $ 4,118,442.32
DLI Delta Lithium 0.24 12% 9% -23% -68% -49% $ 167,650,678.37
A11 Atlantic Lithium 0.235 -6% -16% -36% -49% -41% $ 155,920,572.72
KNI Kunikolimited 0.17 6% 6% -37% -48% -43% $ 14,750,775.56
CY5 Cygnus Metals Ltd 0.075 -1% 14% 53% -59% -44% $ 29,623,221.42
WR1 Winsome Resources 0.51 2% -11% -40% -65% -51% $ 109,248,767.47
LLI Loyal Lithium Ltd 0.13 8% -7% -55% -82% -58% $ 11,127,967.56
BC8 Black Cat Syndicate 0.445 20% 20% 107% 75% 78% $ 190,734,961.11
BUR Burleyminerals 0.053 -34% -56% -18% -71% -68% $ 7,518,547.20
PBL Parabellumresources 0.055 -2% 45% -21% -84% -21% $ 3,426,500.06
L1M Lightning Minerals 0.065 -10% -19% -4% -52% -54% $ 6,698,254.43
WA1 Wa1Resourcesltd 15.01 4% -9% 31% 185% 21% $ 969,094,693.44
EV1 Evolutionenergy 0.03 25% 3% -71% -82% -79% $ 12,619,850.01
1AE Auroraenergymetals 0.048 14% -11% -54% -64% -58% $ 8,236,931.90
RVT Richmond Vanadium 0.3 -2% 15% -13% -21% 7% $ 25,862,341.80
PMT Patriotbatterymetals 0.395 4% -22% -56% -69% -65% $ 232,425,847.50
PAT Patriot Lithium 0.036 3% -23% -61% -81% -80% $ 3,725,296.74
BM8 Battery Age Minerals 0.115 -8% -4% 15% -57% -39% $ 10,697,776.10
OM1 Omnia Metals Group 0.078 0% 0% 0% -6% 0% $ 4,550,567.66
VHM Vhmlimited 0.565 3% 13% 12% 7% -20% $ 91,892,820.32
LLL Leolithiumlimited 0.505 0% 0% 0% 0% 0% $ 605,458,341.55
SRN Surefire Rescs NL 0.006 0% 0% -40% -60% -29% $ 11,917,846.88
SRL Sunrise 0.43 1% 2% -34% -45% -5% $ 42,406,924.06
SYR Syrah Resources 0.255 19% 16% -50% -45% -60% $ 263,897,400.33
EG1 Evergreenlithium 0.041 3% -11% -63% -86% -78% $ 2,305,430.00
WSR Westar Resources 0.008 -11% 14% -29% -61% -55% $ 3,588,523.32
LU7 Lithium Universe Ltd 0.0105 -13% -19% -48% -80% -69% $ 6,236,092.42
MEI Meteoric Resources 0.11 18% 5% -53% -52% -58% $ 240,577,177.37
REC Rechargemetals 0.024 0% -27% -53% -88% -75% $ 3,352,559.21
SLM Solismineralsltd 0.093 -1% -7% -7% -67% -36% $ 7,273,936.11
DYM Dynamicmetalslimited 0.185 -10% 19% -5% -14% 32% $ 6,660,000.00
TOR Torque Met 0.085 -15% -26% -39% -77% -61% $ 15,075,114.08
ICL Iceni Gold 0.04 14% 3% 67% -52% -23% $ 9,819,397.87
TMX Terrain Minerals 0.004 0% 33% 0% 0% -20% $ 7,064,115.21
MHC Manhattan Corp Ltd 0.001 0% 0% -52% -85% -70% $ 3,092,533.34
MHK Metalhawk. 0.17 21% 81% 162% 48% 26% $ 16,610,550.33
ANX Anax Metals Ltd 0.022 5% 0% -4% -45% -27% $ 14,586,659.93
FIN FIN Resources Ltd 0.005 0% -17% -72% -50% -77% $ 3,895,612.20
LM1 Leeuwin Metals Ltd 0.085 0% 8% 10% -67% -39% $ 3,982,392.04
HAW Hawthorn Resources 0.058 5% -5% -23% -42% -38% $ 19,095,889.94
LCY Legacy Iron Ore 0.013 0% -7% -13% -13% -24% $ 100,276,127.41
RON Roninresourcesltd 0.105 0% 0% -13% -25% -43% $ 3,866,626.05
ASR Asra Minerals Ltd 0.005 -17% -17% 11% -38% -29% $ 11,157,789.99
PFE Panteraminerals 0.027 4% 29% -37% -48% -48% $ 8,717,614.35
KM1 Kalimetalslimited 0.115 -8% -28% -73% 0% 0% $ 9,219,314.88
LTM Arcadium Lithium PLC 3.93 10% -2% -42% 0% -65% $ 1,335,267,221.26
KNG Kingsland Minerals 0.205 24% 8% -28% -18% -28% $ 12,289,960.00

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Element 25 (ASX:E25)

In a massive windfall for the junior, E25 snapped up a US$166m ($243m) grant from the US Department of Energy for the construction of its battery-grade, high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana.

The awarding of the grant comes on the back of US$115m already committed by automaker offtake partners General Motors and Stellantis.

In mid-2023, E25 secured a US$85 million loan with GM, whereby E25 will supply up to 32,500t of manganese sulphate annually for GM’s Ultium battery plant requirements.

From Stellantis, it’s signed take-or-pay offtake commitments for 45ktpa of HPMSM over five years and U$30 million of project funding.

Feedstock for the US plant will come from E25’s 260Mt Butcherbird manganese mine south of Newman in WA.

It came alongside the announcement of an identical grant for a manganese plant at South32’s (ASX:S32) Hermosa project in Arizona.

Around 96% of the world’s HPMSM is manufactured in China and while only a small portion of overall manganese demand, that poses a critical issue for US carmakers hoping to produce IRA compliant electric vehicles.

 

Estrella Resources (ASX:ESR)

Speaking of manganese, Estrella shares have surged this week as it puts the final touches on the acquisition of a manganese project in Timor-Leste.

The one-time WA nickel and lithium explorer, which has pottered around the small end of the ASX for years, has seen a sudden spike in interest in recent days.

It’s now in a trading halt. How interesting.

The $30 million minnow has called for the halt “pending an announcement regarding the outcome of the grant ceremony in Laga for its TimorLeste mineral concession applications and announcement regarding exploration results.”

 

Neometals (ASX:NMT)

Chris Reed’s Neometals has worn plenty of hats over its time.

After making a motsa with the well-timed trade of its 13.8% stake in the Mt Marion lithium mine to MinRes and Ganfeng for $104 million in 2019, immediately before a big dive in lithium prices, the company has focused on the European market for battery metals recycling.

It has also retained the massive Barrambie titanium and vanadium resource in WA.

This week, however, it seems like gold is behind the company’s gains, with an exploration target on tenements within 40km of Barrambie announced on Monday of 8Mt at an average grade of 1.3g/t Au and 10.5Mt at an average grade of 2.3g/t Au, for an implied 335,000 ounces to 775,000 ounces gold.

Gold prices hit a fresh record on Wednesday of US$2661/oz in London, no doubt turning the heads of explorers who have seen battery metals prices remain in the doldrums for the past 18 months.

The post High Voltage: Lithium sentiment is up but prices are still under pressure appeared first on Stockhead.

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