Energy & Critical Metals
Global Lithium Production Could Double Between 2021-2024. It Still Won’t be Enough
Resources and Energy Quarterly doesn’t see spodumene prices slowing down until 2024 World lithium output estimated to reach 691,000 tonnes … Read More
The…
- Resources and Energy Quarterly doesn’t see spodumene prices slowing down until 2024
- World lithium output estimated to reach 691,000 tonnes in 2022 and 1,087,000 tonnes in 2024
- Weekly battery metals standouts: Green Critical Minerals, Pursuit Minerals, Balkan Mining & Minerals
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
No one expects current lithium prices – which are earning producers like Pilbara Minerals (ASX:PLS) and Allkem (ASX:AKE) outrageous super profits — to remain as high over the long term.
The consensus long term price forecast is about ~$22,000/t LCE, a yardstick measure of how ridiculously off-the-charts lithium pricing has been in 2022.
At $US22,000/t, most producers and near-term producers should still be making big profits, based on current and project operating costs.
It’s important to recognise that the prices above $US70,000/t you see bandied about are spot prices, which are only a small part of the lithium market.
Most supply is locked up in long term contracts.
And while, spot prices may be softening ever so slightly right now, contract pricing – which lags spot — isn’t.
In fact, those prices are still going up.
Even the Government’s conservative Resources and Energy Quarterly doesn’t see spodumene prices slowing down until 2024.
“As most Australian producers have historically utilised long-term contracts, prices received take time to adjust to shifts in spot prices,” it says.
“High prices reported by Australian producers confirm spot prices are now flowing more rapidly into contract prices.”
Spodumene prices to keep rising in 2023
Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in 2023, before moderating to US$3,130 in 2024, it says.
Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in 2022 and US$61,200 in 2023, moderating to US$48,500 by 2024.
This will send the value of Aussie lithium exports through the roof.
“Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24,” it says.
“In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24.”
Global lithium production will double between 2021-2024 …
… but it still won’t enough to meet ravenous demand from the EV sector.
World lithium output was 551,000 tonnes LCE in 2021. It is estimated to reach 691,000 tonnes in 2022 and 1,087,000 tonnes in 2024, according to Resources and Energy Quarterly.
This rapid growth – forecast to be met by gains in output in Australia, Chile and Argentina – will be insufficient to meet demand.
“A supply gap is forecast to persist over the outlook period, with total supply from both mine and brine operations currently insufficient to meet demand,” it says.
“With new lithium projects being developed rapidly, the supply gap is expected to reduce over the outlook but will take time to close.
“Lithium stockpiles remain hard to ascertain, with some estimates of 4-8 weeks for spodumene.”
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 |
|---|---|---|---|---|---|---|---|
| GCM | Green Critical Min | 56% | 47% | 65% | 88% | 0.025 | $23,315,487 |
| PUR | Pursuit Minerals | 33% | 45% | -11% | -43% | 0.016 | $16,969,046 |
| BMM | Balkanminingandmin | 25% | 19% | 95% | -8% | 0.37 | $16,344,087 |
| PGD | Peregrine Gold | 21% | -6% | 30% | 6% | 0.46 | $20,538,501 |
| KZR | Kalamazoo Resources | 18% | -2% | -10% | -39% | 0.225 | $34,228,456 |
| THR | Thor Mining PLC | 17% | -22% | -22% | -50% | 0.007 | $10,095,490 |
| ETM | Energy Transition | 15% | 12% | 12% | -33% | 0.055 | $71,854,433 |
| TKL | Traka Resources | 14% | 60% | 0% | -38% | 0.008 | $5,510,196 |
| GRE | Greentechmetals | 14% | 7% | -43% | 0% | 0.16 | $5,327,850 |
| CNJ | Conico Ltd | 13% | -10% | -67% | -75% | 0.009 | $11,639,745 |
| FRS | Forrestaniaresources | 12% | -26% | -10% | -52% | 0.14 | $7,601,413 |
| AR3 | Austrare | 11% | 11% | 1% | -55% | 0.395 | $37,604,613 |
| MRD | Mount Ridley Mines | 11% | 0% | -17% | -38% | 0.005 | $35,031,973 |
| BOA | Boadicea Resources | 10% | 16% | -19% | -44% | 0.11 | $8,935,488 |
| LSR | Lodestar Minerals | 10% | 10% | -21% | -42% | 0.0055 | $9,561,405 |
| LEG | Legend Mining | 9% | 0% | -32% | -38% | 0.036 | $99,184,886 |
| WC1 | Westcobarmetals | 9% | 0% | 50% | 29% | 0.18 | $16,108,910 |
| SRZ | Stellar Resources | 8% | -7% | -32% | -43% | 0.013 | $13,060,202 |
| CMO | Cosmometalslimited | 8% | -4% | 13% | 0% | 0.135 | $3,571,400 |
| NWM | Norwest Minerals | 8% | -17% | 80% | -18% | 0.054 | $11,549,584 |
| PTR | Petratherm Ltd | 8% | -7% | -43% | 23% | 0.054 | $12,136,562 |
| KOR | Korab Resources | 7% | -12% | 38% | -48% | 0.029 | $10,644,450 |
| LMG | Latrobe Magnesium | 7% | -8% | 36% | -18% | 0.076 | $115,124,711 |
| GME | GME Resources Ltd | 7% | 17% | -4% | 68% | 0.096 | $61,038,097 |
| TMT | Technology Metals | 6% | 0% | 13% | 17% | 0.35 | $73,438,595 |
| SCN | Scorpion Minerals | 6% | -4% | 3% | 0% | 0.074 | $26,696,495 |
| HNR | Hannans Ltd | 6% | -10% | -10% | -44% | 0.019 | $49,042,887 |
| WML | Woomera Mining Ltd | 6% | 27% | 7% | 13% | 0.019 | $19,123,224 |
| AML | Aeon Metals Ltd. | 5% | -2% | 28% | -26% | 0.0295 | $31,795,618 |
| GRL | Godolphin Resources | 5% | 1% | -20% | -40% | 0.084 | $9,943,034 |
| JMS | Jupiter Mines. | 5% | 13% | 10% | 5% | 0.215 | $430,978,027 |
| BC8 | Black Cat Syndicate | 5% | -7% | -11% | -35% | 0.325 | $69,855,232 |
| VML | Vital Metals Limited | 4% | -14% | -44% | -51% | 0.024 | $122,041,444 |
| CDT | Castle Minerals | 4% | 14% | -7% | 0% | 0.025 | $22,988,339 |
| ODE | Odessa Minerals Ltd | 4% | -9% | 32% | 190% | 0.0145 | $8,411,248 |
| PRL | Province Resources | 3% | -19% | 5% | -56% | 0.062 | $72,071,082 |
| GBR | Greatbould Resources | 3% | 1% | 34% | -27% | 0.095 | $38,808,312 |
| RXL | Rox Resources | 3% | 0% | -42% | -51% | 0.17 | $36,923,634 |
| NC1 | Nicoresourceslimited | 3% | 22% | -6% | 0% | 0.73 | $64,185,251 |
| POS | Poseidon Nick Ltd | 3% | -12% | -19% | -58% | 0.038 | $119,606,288 |
| NTU | Northern Min Ltd | 3% | 0% | 3% | -20% | 0.04 | $192,950,545 |
| CNB | Carnaby Resource Ltd | 3% | -2% | 3% | 79% | 0.805 | $115,648,715 |
| WKT | Walkabout Resources | 2% | -38% | -38% | -30% | 0.1075 | $66,350,262 |
| QPM | Queensland Pacific | 2% | -38% | 7% | -32% | 0.1125 | $200,830,011 |
| EMH | European Metals Hldg | 2% | -8% | -5% | -50% | 0.685 | $83,672,939 |
| CAE | Cannindah Resources | 2% | 2% | 39% | 43% | 0.25 | $137,057,488 |
| IDA | Indiana Resources | 2% | -5% | 2% | -15% | 0.053 | $24,440,241 |
| BRB | Breaker Res NL | 2% | 5% | 54% | 7% | 0.315 | $107,627,685 |
| OMH | OM Holdings Limited | 1% | 0% | -11% | -16% | 0.715 | $539,195,036 |
| CWX | Carawine Resources | 1% | 7% | -25% | -48% | 0.094 | $18,500,842 |
| OZL | OZ Minerals | 1% | 1% | 37% | 1% | 27.62 | $9,172,014,069 |
| ARU | Arafura Rare Earths | 1% | -3% | 44% | 149% | 0.4475 | $953,549,634 |
| E25 | Element 25 Ltd | 0% | -10% | 97% | -18% | 1.045 | $203,079,103 |
| VIA | Viagold Rare Earth | 0% | 0% | 0% | 0% | 2 | $166,624,808 |
| PAM | Pan Asia Metals | 0% | -11% | -14% | -6% | 0.42 | $61,679,348 |
| GSR | Greenstone Resources | 0% | 8% | -44% | 4% | 0.027 | $27,939,053 |
| LPD | Lepidico Ltd | 0% | -18% | -48% | -62% | 0.014 | $99,291,026 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | 0% | 8% | 0.78 | $2,752,409,203 |
| CLA | Celsius Resource Ltd | 0% | 7% | -11% | -11% | 0.016 | $24,045,265 |
| QEM | QEM Limited | 0% | 0% | -8% | 0% | 0.18 | $24,325,842 |
| GED | Golden Deeps | 0% | 0% | -29% | -17% | 0.01 | $11,552,267 |
| LIT | Lithium Australia | 0% | -13% | -34% | -56% | 0.046 | $54,953,625 |
| FFX | Firefinch Ltd | 0% | 0% | -13% | -20% | 0.2 | $236,248,644 |
| LML | Lincoln Minerals | 0% | 0% | 0% | 0% | 0.006854 | $3,941,168 |
| S2R | S2 Resources | 0% | 0% | 14% | -8% | 0.165 | $58,884,351 |
| CTN | Catalina Resources | 0% | -11% | 0% | -11% | 0.008 | $11,146,382 |
| CMX | Chemxmaterials | 0% | 15% | 12% | 0% | 0.19 | $8,904,564 |
| ENT | Enterprise Metals | 0% | -10% | -18% | -30% | 0.009 | $6,345,726 |
| RR1 | Reach Resources Ltd | 0% | 25% | 0% | -38% | 0.005 | $9,550,253 |
| AVW | Avira Resources Ltd | 0% | 0% | -14% | -45% | 0.003 | $6,401,370 |
| ZNC | Zenith Minerals Ltd | 0% | -19% | -17% | 16% | 0.25 | $86,072,072 |
| KOB | Kobaresourceslimited | 0% | -14% | 3% | 0% | 0.15 | $9,750,000 |
| VMS | Venture Minerals | 0% | -14% | -23% | -37% | 0.024 | $42,298,982 |
| WCN | White Cliff Min Ltd | 0% | -12% | -21% | -12% | 0.015 | $10,545,993 |
| MEK | Meeka Metals Limited | 0% | -4% | 33% | 62% | 0.068 | $73,665,016 |
| RR1 | Reach Resources Ltd | 0% | 25% | 0% | -38% | 0.005 | $9,550,253 |
| S32 | South32 Limited | 0% | 4% | -2% | 5% | 4.08 | $18,898,697,892 |
| HAS | Hastings Tech Met | -1% | 1% | -14% | -22% | 3.6 | $454,766,352 |
| IPX | Iperionx Limited | -1% | -5% | -11% | -19% | 0.71 | $120,713,972 |
| DRE | Dreadnought Resources Ltd | -1% | -4% | 114% | 137% | 0.09 | $283,318,129 |
| RDT | Red Dirt Metals Ltd | -1% | -28% | 19% | -25% | 0.435 | $187,256,620 |
| EVG | Evion Group NL | -1% | -19% | 4% | -36% | 0.074 | $21,215,113 |
| EMN | Euromanganese | -1% | -8% | 45% | -24% | 0.34 | $80,967,290 |
| OD6 | Od6Metalsltd | -2% | -30% | 0% | 0% | 0.315 | $16,035,661 |
| LYC | Lynas Rare Earths | -2% | -4% | -6% | -10% | 8.13 | $7,448,749,226 |
| DVP | Develop Global Ltd | -2% | -5% | 30% | -34% | 2.78 | $474,999,610 |
| NVX | Novonix Limited | -2% | -29% | -31% | -81% | 1.735 | $861,423,430 |
| STK | Strickland Metals | -2% | -9% | -41% | -42% | 0.04 | $57,476,080 |
| NKL | Nickelxltd | -2% | -25% | -34% | -31% | 0.079 | $6,301,567 |
| BHP | BHP Group Limited | -3% | 4% | 7% | 24% | 45.6 | $232,977,087,370 |
| MRC | Mineral Commodities | -3% | -8% | -25% | -30% | 0.069 | $37,440,897 |
| TLG | Talga Group Ltd | -3% | 9% | 31% | -7% | 1.43 | $483,103,555 |
| GW1 | Greenwing Resources | -3% | -10% | 37% | -14% | 0.315 | $39,765,815 |
| AKN | Auking Mining Ltd | -3% | -11% | 22% | -33% | 0.093 | $10,320,730 |
| FTL | Firetail Resources | -3% | -12% | -51% | 0% | 0.15 | $10,725,000 |
| ESR | Estrella Res Ltd | -3% | 4% | -31% | -37% | 0.0145 | $22,253,578 |
| EMC | Everest Metals Corp | -3% | 16% | -17% | -38% | 0.087 | $8,514,649 |
| M24 | Mamba Exploration | -3% | 32% | 99% | -24% | 0.145 | $5,482,750 |
| MLX | Metals X Limited | -3% | -2% | -28% | -40% | 0.285 | $254,034,499 |
| AX8 | Accelerate Resources | -3% | 0% | -10% | -24% | 0.028 | $8,708,777 |
| VMC | Venus Metals Cor Ltd | -4% | -7% | -28% | -21% | 0.13 | $23,150,229 |
| VUL | Vulcan Energy | -4% | -13% | 19% | -48% | 6.39 | $935,979,516 |
| AOU | Auroch Minerals Ltd | -4% | -12% | -24% | -59% | 0.051 | $21,742,327 |
| AVL | Aust Vanadium Ltd | -4% | -14% | -26% | -14% | 0.025 | $102,926,347 |
| TEM | Tempest Minerals | -4% | -14% | -32% | 14% | 0.025 | $12,114,388 |
| CHN | Chalice Mining Ltd | -4% | 34% | 51% | -27% | 6.2 | $2,389,487,182 |
| IGO | IGO Limited | -4% | -9% | 32% | 29% | 14.04 | $10,654,758,129 |
| A8G | Australasian Metals | -4% | -2% | 7% | -58% | 0.225 | $9,263,361 |
| CRR | Critical Resources | -4% | -15% | -2% | 15% | 0.045 | $71,002,723 |
| FGR | First Graphene Ltd | -4% | -12% | -12% | -48% | 0.11 | $63,944,803 |
| G88 | Golden Mile Res Ltd | -4% | -4% | -45% | -57% | 0.022 | $4,500,975 |
| PEK | Peak Rare Earths Ltd | -4% | -6% | 12% | -49% | 0.435 | $89,381,062 |
| RBX | Resource B | -4% | -3% | -40% | -54% | 0.087 | $4,281,436 |
| PEK | Peak Rare Earths Ltd | -4% | -6% | 12% | -49% | 0.435 | $89,381,062 |
| NIC | Nickel Industries | -4% | 3% | -8% | -29% | 0.965 | $2,703,960,762 |
| AGY | Argosy Minerals Ltd | -5% | -11% | 70% | 103% | 0.5775 | $814,556,349 |
| NWC | New World Resources | -5% | -5% | -2% | -53% | 0.0315 | $61,224,142 |
| SYA | Sayona Mining Ltd | -5% | -5% | 50% | 68% | 0.21 | $1,823,646,623 |
| MOH | Moho Resources | -5% | -16% | -22% | -66% | 0.021 | $4,568,568 |
| DTM | Dart Mining NL | -5% | -13% | 5% | -24% | 0.062 | $9,470,870 |
| PNT | Panthermetalsltd | -5% | 8% | 5% | 14% | 0.2 | $5,996,250 |
| SLZ | Sultan Resources Ltd | -5% | -17% | -21% | -54% | 0.079 | $6,662,751 |
| SUM | Summitminerals | -5% | -18% | 0% | 0% | 0.1475 | $3,709,133 |
| MAN | Mandrake Res Ltd | -5% | -3% | 0% | -11% | 0.039 | $22,099,997 |
| EMS | Eastern Metals | -5% | -30% | -41% | -59% | 0.077 | $3,007,960 |
| PGM | Platina Resources | -5% | 0% | -41% | -63% | 0.019 | $11,217,246 |
| ARR | American Rare Earths | -5% | 0% | -28% | 12% | 0.19 | $87,044,256 |
| VR8 | Vanadium Resources | -5% | -5% | -25% | -14% | 0.057 | $28,095,918 |
| TON | Triton Min Ltd | -5% | 48% | 54% | 23% | 0.037 | $48,397,446 |
| NVA | Nova Minerals Ltd | -5% | -24% | 6% | -41% | 0.635 | $132,086,602 |
| SGQ | St George Min Ltd | -5% | -4% | 115% | 13% | 0.071 | $57,611,837 |
| PAN | Panoramic Resources | -5% | 3% | -19% | -31% | 0.175 | $369,164,521 |
| NMT | Neometals Ltd | -5% | -20% | -12% | -17% | 0.86 | $483,648,529 |
| AQD | Ausquest Limited | -6% | 0% | -35% | -6% | 0.017 | $14,852,686 |
| FRB | Firebird Metals | -6% | -15% | -39% | -56% | 0.17 | $12,067,927 |
| ILU | Iluka Resources | -6% | -4% | 9% | -2% | 9.6 | $4,113,343,222 |
| HXG | Hexagon Energy | -6% | -11% | -24% | -77% | 0.016 | $8,206,654 |
| AZI | Altamin Limited | -6% | -14% | -16% | 18% | 0.08 | $32,512,490 |
| EV1 | Evolutionenergy | -6% | -8% | -23% | -41% | 0.24 | $37,656,250 |
| ADV | Ardiden Ltd | -6% | -6% | -6% | -32% | 0.0075 | $21,506,683 |
| 1MC | Morella Corporation | -6% | -17% | -12% | 50% | 0.015 | $89,273,337 |
| PVT | Pivotal Metals Ltd | -6% | 5% | 32% | -34% | 0.045 | $18,750,640 |
| EVR | Ev Resources Ltd | -6% | -25% | -42% | -72% | 0.015 | $13,934,761 |
| AM7 | Arcadia Minerals | -6% | -10% | 29% | 15% | 0.225 | $10,273,536 |
| LIN | Lindian Resources | -6% | -38% | 108% | 384% | 0.15 | $146,664,273 |
| LPI | Lithium Pwr Int Ltd | -6% | -19% | 14% | 9% | 0.44 | $177,996,512 |
| GSM | Golden State Mining | -6% | -8% | 7% | -47% | 0.044 | $5,265,639 |
| INF | Infinity Lithium | -7% | -24% | 4% | -15% | 0.14 | $67,075,853 |
| WMG | Western Mines | -7% | 8% | -7% | -13% | 0.14 | $5,949,713 |
| AS2 | Askarimetalslimited | -7% | -21% | 33% | 86% | 0.345 | $16,281,910 |
| IPT | Impact Minerals | -7% | -28% | -19% | -52% | 0.0065 | $17,369,594 |
| MMC | Mitremining | -7% | 53% | 117% | 41% | 0.26 | $7,312,977 |
| LOT | Lotus Resources Ltd | -8% | -18% | -20% | -36% | 0.185 | $245,517,803 |
| JRL | Jindalee Resources | -8% | -18% | -36% | -13% | 1.8175 | $107,872,456 |
| AKE | Allkem Limited | -8% | -14% | 22% | 33% | 12.05 | $7,830,441,296 |
| COB | Cobalt Blue Ltd | -8% | -22% | -13% | 42% | 0.54 | $202,990,289 |
| BYH | Bryah Resources Ltd | -8% | -8% | -29% | -52% | 0.024 | $7,031,337 |
| BCA | Black Canyon Limited | -8% | -6% | -11% | -4% | 0.24 | $10,762,194 |
| BUX | Buxton Resources Ltd | -8% | -12% | 37% | 15% | 0.092 | $14,625,795 |
| MCR | Mincor Resources NL | -8% | -9% | -16% | 5% | 1.4575 | $729,323,202 |
| AUZ | Australian Mines Ltd | -8% | -17% | -32% | -71% | 0.057 | $27,650,215 |
| AZS | Azure Minerals | -8% | -24% | -17% | -34% | 0.22 | $71,812,413 |
| BKT | Black Rock Mining | -8% | -14% | -14% | -33% | 0.1375 | $132,656,945 |
| ASO | Aston Minerals Ltd | -8% | 28% | -7% | -23% | 0.088 | $97,990,722 |
| XTC | Xantippe Res Ltd | -8% | -21% | -39% | 10% | 0.0055 | $56,730,208 |
| MNS | Magnis Energy Tech | -9% | -3% | 27% | -14% | 0.375 | $373,577,621 |
| KNI | Kunikolimited | -9% | -21% | -23% | -56% | 0.475 | $23,752,405 |
| ITM | Itech Minerals Ltd | -9% | 2% | -16% | 21% | 0.26 | $29,792,558 |
| AZL | Arizona Lithium Ltd | -9% | -21% | -38% | -30% | 0.062 | $149,415,385 |
| ASM | Ausstratmaterials | -9% | -17% | -62% | -87% | 1.445 | $249,224,314 |
| GL1 | Globallith | -9% | -19% | 59% | 206% | 1.94 | $406,253,669 |
| PVW | PVW Res Ltd | -9% | -13% | -60% | -74% | 0.1 | $9,209,166 |
| IG6 | Internationalgraphit | -9% | -18% | -18% | 0% | 0.245 | $21,557,087 |
| CTM | Centaurus Metals Ltd | -9% | -11% | 13% | -7% | 1.07 | $465,545,838 |
| MIN | Mineral Resources. | -9% | -4% | 55% | 62% | 80.06 | $15,508,846,116 |
| ASN | Anson Resources Ltd | -10% | -19% | 81% | 73% | 0.19 | $229,759,710 |
| IMI | Infinitymining | -10% | -14% | 98% | 0% | 0.2575 | $19,876,563 |
| TNG | TNG Limited | -10% | -20% | 20% | -6% | 0.073 | $108,296,621 |
| ADD | Adavale Resource Ltd | -10% | -33% | -34% | -57% | 0.018 | $9,692,768 |
| BSX | Blackstone Ltd | -10% | -25% | -31% | -77% | 0.135 | $63,906,994 |
| RMX | Red Mount Min Ltd | -10% | -10% | -10% | -50% | 0.0045 | $8,947,570 |
| RGL | Riversgold | -10% | -31% | -7% | 75% | 0.027 | $26,473,096 |
| HRE | Heavy Rare Earths | -10% | -13% | 0% | 0% | 0.135 | $8,030,871 |
| MTM | Mtmongerresources | -10% | -30% | -30% | -41% | 0.08 | $4,561,938 |
| LPM | Lithium Plus | -10% | -34% | 4% | 0% | 0.395 | $19,059,280 |
| SRI | Sipa Resources Ltd | -10% | -20% | 0% | -17% | 0.035 | $7,944,507 |
| 1AE | Auroraenergymetals | -10% | -22% | -27% | 0% | 0.175 | $21,635,447 |
| ARL | Ardea Resources Ltd | -10% | -24% | -12% | 63% | 0.78 | $138,059,731 |
| EGR | Ecograf Limited | -10% | -34% | -30% | -66% | 0.215 | $99,073,361 |
| INR | Ioneer Ltd | -11% | -23% | 12% | -47% | 0.425 | $996,710,677 |
| WIN | Widgienickellimited | -11% | -17% | 28% | 70% | 0.34 | $85,344,362 |
| WC8 | Wildcat Resources | -11% | -17% | -17% | -49% | 0.025 | $17,874,614 |
| A11 | Atlantic Lithium | -11% | -26% | 0% | 0% | 0.61 | $381,617,246 |
| CXO | Core Lithium | -11% | -26% | -11% | 102% | 1.0325 | $1,985,384,973 |
| PNN | Power Minerals Ltd | -11% | -10% | 7% | 24% | 0.485 | $34,677,515 |
| M2R | Miramar | -11% | -17% | -2% | -64% | 0.08 | $5,725,221 |
| BNR | Bulletin Res Ltd | -11% | -28% | -33% | 21% | 0.087 | $28,088,746 |
| TKM | Trek Metals Ltd | -11% | -19% | 13% | -29% | 0.071 | $25,840,101 |
| REE | Rarex Limited | -11% | 8% | -11% | -45% | 0.054 | $32,445,648 |
| ABX | ABX Group Limited | -12% | -21% | -12% | 15% | 0.115 | $26,830,898 |
| JRV | Jervois Global Ltd | -12% | -27% | -47% | -49% | 0.2725 | $561,400,460 |
| EUR | European Lithium Ltd | -12% | -25% | 26% | -35% | 0.072 | $104,345,221 |
| DM1 | Desert Metals | -12% | -30% | 2% | -9% | 0.215 | $15,574,832 |
| SYR | Syrah Resources | -12% | -6% | 83% | 75% | 2.225 | $1,535,606,926 |
| SBRDA | Sabre Resources | -13% | -13% | -22% | -30% | 0.035 | $11,076,453 |
| VRC | Volt Resources Ltd | -13% | -22% | -22% | -44% | 0.014 | $58,191,358 |
| LRS | Latin Resources Ltd | -13% | -9% | 59% | 239% | 0.105 | $228,241,474 |
| CY5 | Cygnus Gold Limited | -13% | -13% | 148% | 114% | 0.385 | $68,033,458 |
| AXE | Archer Materials | -13% | -15% | -9% | -50% | 0.575 | $151,869,996 |
| CZN | Corazon Ltd | -13% | 25% | -9% | -37% | 0.02 | $12,206,611 |
| PLS | Pilbara Min Ltd | -13% | -17% | 87% | 43% | 3.935 | $12,081,378,468 |
| L1M | Lightning Minerals | -13% | 0% | 0% | 0% | 0.165 | $5,963,400 |
| GLN | Galan Lithium Ltd | -13% | -31% | -4% | -44% | 1.04 | $324,442,729 |
| CAI | Calidus Resources | -13% | -33% | -62% | -57% | 0.26 | $116,051,902 |
| DEV | Devex Resources Ltd | -13% | 12% | 16% | -46% | 0.29 | $105,671,894 |
| CLZ | Classic Min Ltd | -14% | -21% | -93% | -93% | 0.0095 | $7,886,028 |
| KAI | Kairos Minerals Ltd | -14% | -26% | 8% | -20% | 0.0215 | $44,192,104 |
| LKE | Lake Resources | -14% | -24% | -49% | -14% | 0.8025 | $1,175,943,159 |
| PSC | Prospect Res Ltd | -14% | -14% | 150% | 249% | 0.12 | $53,159,838 |
| ATM | Aneka Tambang | -14% | -10% | -28% | -18% | 0.9 | $1,173,284 |
| RAS | Ragusa Minerals Ltd | -14% | -33% | 26% | 62% | 0.12 | $15,561,587 |
| AOA | Ausmon Resorces | -14% | 0% | 0% | -8% | 0.006 | $5,143,736 |
| LEL | Lithenergy | -14% | -20% | -9% | -1% | 0.74 | $46,315,500 |
| GT1 | Greentechnology | -14% | -30% | 3% | 114% | 0.74 | $144,961,179 |
| PLL | Piedmont Lithium Inc | -14% | -15% | 1% | -5% | 0.71 | $316,792,624 |
| STM | Sunstone Metals Ltd | -15% | 8% | -3% | -59% | 0.039 | $99,576,964 |
| PBL | Parabellumresources | -15% | -25% | 105% | 95% | 0.39 | $21,889,000 |
| QXR | Qx Resources Limited | -15% | -33% | 52% | 120% | 0.044 | $37,920,080 |
| LRV | Larvottoresources | -15% | -8% | -31% | 18% | 0.165 | $9,544,414 |
| ENV | Enova Mining Limited | -15% | 0% | -31% | -50% | 0.011 | $4,691,152 |
| VTM | Victory Metals Ltd | -16% | -21% | 73% | -3% | 0.19 | $9,950,052 |
| EFE | Eastern Resources | -16% | -40% | 13% | -54% | 0.026 | $29,992,341 |
| IXR | Ionic Rare Earths | -16% | -23% | -26% | -26% | 0.031 | $137,991,172 |
| MRR | Minrex Resources Ltd | -16% | -28% | -16% | -16% | 0.031 | $33,630,893 |
| OCN | Oceanalithiumlimited | -16% | -37% | 0% | 0% | 0.36 | $13,776,750 |
| GAL | Galileo Mining Ltd | -17% | -26% | -54% | 271% | 0.78 | $158,099,942 |
| RLC | Reedy Lagoon Corp. | -17% | -23% | -44% | -66% | 0.01 | $5,667,196 |
| MLS | Metals Australia | -17% | -17% | -12% | 13% | 0.045 | $27,923,665 |
| RAG | Ragnar Metals Ltd | -17% | -12% | -63% | -50% | 0.015 | $5,687,773 |
| EMT | Emetals Limited | -17% | -44% | 0% | -44% | 0.01 | $8,500,000 |
| TMB | Tambourahmetals | -17% | -23% | -20% | -48% | 0.12 | $4,737,149 |
| KTA | Krakatoa Resources | -17% | -17% | -11% | -6% | 0.048 | $16,201,366 |
| KFM | Kingfisher Mining | -19% | -26% | 63% | 129% | 0.39 | $21,586,500 |
| CZL | Cons Zinc Ltd | -19% | -23% | -15% | -43% | 0.017 | $7,869,665 |
| LTR | Liontown Resources | -19% | -29% | 36% | -10% | 1.405 | $3,305,635,202 |
| LLI | Loyal Lithium Ltd | -20% | -45% | 22% | 49% | 0.305 | $15,484,550 |
| CHR | Charger Metals | -20% | -23% | 24% | 28% | 0.46 | $21,803,018 |
| LNR | Lanthanein Resources | -20% | -29% | 41% | 20% | 0.024 | $21,594,663 |
| ESS | Essential Metals Ltd | -21% | -29% | -16% | 77% | 0.31 | $93,473,343 |
| ALY | Alchemy Resource Ltd | -22% | -25% | 11% | 91% | 0.021 | $25,917,678 |
| MQR | Marquee Resource Ltd | -23% | -39% | -51% | -73% | 0.033 | $12,106,678 |
| RNU | Renascor Res Ltd | -23% | -23% | 48% | 93% | 0.2225 | $571,781,890 |
| AAJ | Aruma Resources Ltd | -24% | -28% | -18% | -21% | 0.055 | $10,202,498 |
| KGD | Kula Gold Limited | -25% | -29% | 1% | -44% | 0.024 | $8,669,086 |
| BUR | Burleyminerals | -25% | -32% | 116% | 20% | 0.21 | $7,207,840 |
| WR1 | Winsome Resources | -25% | -5% | 359% | 267% | 1.01 | $144,063,742 |
| FG1 | Flynngold | -28% | -16% | -19% | -38% | 0.105 | $6,831,410 |
| RVT | Richmond Vanadium | -29% | 0% | 0% | 0% | 0.285 | $24,569,225 |
| WA1 | Wa1Resourcesltd | -31% | -48% | 671% | 0% | 1.195 | $45,553,070 |
| TAR | Taruga Minerals | -31% | -35% | 9% | -38% | 0.024 | $16,751,786 |
| ARN | Aldoro Resources | -34% | -51% | 31% | -50% | 0.19 | $23,147,025 |
Weekly Small Cap Standouts
GREEN CRITICAL MINERALS (ASX:GCM)
The junior explorer formerly known as Chase Mining is focused on building a vertically integrated battery graphite business.
The lynchpin is its recently acquired stake in the 1.1Mt McIntosh graphite deposit in northern WA, progressed for many years by Hexagon Energy Materials (ASX:HXG).
GCM can acquire up to 80% of the project, where over $14m has already been spent on drilling and metallurgical testwork.
“McIntosh graphite is a unique, graphite project with extremely low impurities and exceptional “low cost and high yield” downstream processing attributes with the potential to produce high quality graphite products into a diverse range of premium end-use markets,” the company says.
Pursuit entered an agreement to acquire Argentina-focused lithium company, Trilogy Minerals.
Trilogy holds the rights to acquire over 9,233ha at the Rio Grande Sur Project, which hosts a resource of 2.1Mt LCE at an average grade of 370mg/Li to a depth of 100m.
Surveys have identified lithium enriched brines to a depth of 500m, and planned drilling to this depth is expected to significantly increase the resource, the company says.
The next steps for the project are to carry out a Bankable Feasibility Study.
“The acquisition of Trilogy will see Pursuit expand its operations to become an emerging lithium exploration company with resources in a highly prospective lithium-rich region,” managing director Bob Affleck says.
“The Board feels that the acquisition creates a clear de-risked pathway to potential project development for the Company and we look forward to combining with the Trilogy team to grow the Company for all shareholders.”
BALKAN MINING AND MINERALS (ASX:BMM)
Sandfire Resources (ASX:SFR) legend Karl Simich has joined the board of BMM as director in charge of “strategy, corporate development and growth”.
Simich stepped down as Managing Director of Sandfire at the end of September 2022, after 15 years at the company’s helm, having overseen its transformational growth from a junior micro-cap to a successful mid-tier copper producer with a global footprint.
Shares also caught some wind after BMM staked two licences, Corvette North and Corvette Northwest in James Bay, Canada.
BMM, which continues to diversify outside the troubled jurisdiction of Serbia, says the licences in the upper James Bay area are a stone’s throw from some notable lithium deposits.
This comes only two short months after Balkan Mining secured an option to buy the Tango Lithium Project – also in Canada, covering 8.64km in Ontario’s Thunder Bay North mining district known for the multiple albite-spodumene type pegmatites. The largely under-explored project consists of 41 claims.
The post High Voltage: Global lithium production could double between 2021-2024. It still won’t be enough appeared first on Stockhead.
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