Australia needs to fire up its competitive juices as global mining amps up critical minerals strategies
BHP thinks so anyway, as does Australia’s Minecraft-referencing Ressie minister
Weekly ASX battery metal gainers led by: Kula Gold, Green Critical Minerals
Our High Voltage column wraps the news driving ASX stocks with exposure to lithium, graphite, cobalt, nickel, rare earths, manganese, magnesium, and vanadium.
As someone with pointy ears and a serious tone in a Lord of the Rings flick said… “The world is changed… I feel it in the earth…”
And amid our own changed world’s context, the competitiveness of Australia’s world-leading mining sector is under threat, believes BHP, in a newly published study snappily titled the “Recapturing Australia’s Competitiveness report”.
We’ll get to some of the reasons that might be the case in a sec, but the report also sheds battery-powered light on the way forward for Australian mining, and that, it reckons, should include a heavy focus on and commitment to critical minerals, including lithium, nickel, cobalt, copper and more.
Australian resources industry’s ‘moment of truth’
BHP warns that despite Australia’s world-leading mining industry, head-turning economic prosperity per capita on a global scale, and competitiveness within the resources sectors at large, Aussie mining is at something of a crossroads.
In fact, it says, globally, mining industries are together (if not exactly holding hands in the same clapped-out diesel guzzler) at said crossroads – facing new directions on climate policy and mining resources strategies.
In recent decades, Australia has hit it out of the park with iron ore and coal, becoming the world’s leading mining exporter. Nothing’s as precious as a hole in the ground, right Midnight Oil?
Some $218 billion in annual export revenue (equal to 37% of Australia’s total goods and services export revenues) was generated by the Aussie mining sector in 2021-2022.
But… BHP notes that achieving the temperature aims of the Paris Agreement requires something of a shift.
It turns out critical metals are indeed critical
Meeting global government environmental targets (in Australia some critics believe ours are nigh on impossible the way its EV targets are tracking) will require, says BHP, “the rapid and widespread deployment of clean energy technologies like renewable energy, nuclear power, battery storage and electric vehicles”.
“This transformation will only be possible through the scaling up of mineral production – with estimates suggesting up to 140 new copper mines, 60 new nickel mines, 50 new lithium mines and 17 new cobalt mines will be needed [globally, not just in Australia] by 2030 alone,” reads the BHP report.
Easier said than done, obvs. BHP reckons the capital investment required to unlock such momentous production upgrades will come in at about US$100 billion per year.
“The global competition to ensure competing and partnering jurisdictions have the right policy settings and industry actions in place to capture these opportunities is intense and growing,” wrote BHP, adding:
“Seizing an outsized share of critical mineral investment flows will be crucial to Australia’s future economic prosperity – particularly given that the contribution of the country’s existing powerhouses of iron ore, coal and LNG will decline significantly over the next few decades.”
The future is now… but it’s also a little cloudy right now
President of BHP’s Australian operations Geraldine Slattery said the nation must be ready to step up and compete in the global arena.
Something we’re traditionally pretty good at, to be fair.
“Success is not assured. It cannot be taken for granted and the costs of failure will be high and long lasting,” the report said, while emphasising that:
“There are lots of mineral resources scattered across the world. They are not created equal. Some have higher quality ores that are more valuable because they require less processing. Some are nearer the surface, making it easier to extract them. While Australia is well endowed with resource deposits, the fact is there are other competing nations with superior deposits.”
Australia’s current share of global production is lower than its share of global resources in many critical mineral commodities, including stalwarts copper and nickel.
“This will need to change in order to win today’s resources race and the resources race of the future,” according to BHP.
The mining giant believes increasing production will support mining jobs and reel in something like $19 billion in annual investment, which would be a 2X from where things stand.
“Australia has a huge opportunity to capitalise on major change in the world economy driven by the megatrends of decarbonisation, electrification and population growth,” Slattery said.
“Minerals like copper, nickel, lithium and cobalt will be critical to enabling the energy transition. Their extraction and processing also have the potential to be a driver of future economic prosperity,” continued BHP in its report.
“For Australia to seize this opportunity, a constructive partnership between industry and government will be needed.”
And speaking of which…
There’d be no Minecraft without mining… oh the irony
Australia’s Minister for Resources and Minister for Northern Australia, the Hon Madeleine King delivered a speech to the AusIMM Critical Minerals Conference held in Perth this week.
The speech may not have presented earth-shattering news the Aussie mining-sector didn’t already know, but it shows the government has pretty similar lines of thinking to Aussie mining giants, such as BHP.
Here then, were some highlights…
• “As clean technologies become more sought after, global demand for critical minerals and rare earths will continue to expand. Global electric car sales increased by 60 per cent in 2022, exceeding ten million units.”
• “The International Energy Agency projects that global supply [of lithium, cobalt and nickel] from existing mines and projects under construction will not be enough to meet demand. It will only meet half the world’s projected demand for lithium and cobalt, and 80 per cent of copper by 2030.”
• “This means that there is a need for more exploration and more mining… The global clean energy transition will need more mining, not less.”
• Re battery metals, Western Australia is “the world’s geological Lego box of minerals and elements”.
• “Students are often likely to have a negative view of mining in general, despite all the benefits it brings them, including through their mobile phones.”
• “There is an of irony of playing Minecraft on an iPad, while lacking the understanding that it was actual mining in real life that took place to build the device and the energy needed to re-charge it.”
Here’s a relevant tweet from King…
#CWC23Final #WorldCup2023Final
Thanks to India for such an amazing tournament! and a great performance
Ripper result for Australia https://t.co/SB98NV46UW
— Madeleine King MP (@MadeleineMHKing) November 19, 2023
Oh hang on, that’s the wrong post – that one’s about Australia becoming the ODI men’s cricket world champs for a record sixth time after incredible, crowd-silencing scenes in India.
Ah well, it’s there now, may as well leave it. But here’s this one, too…
It was a pleasure to address the @TheAusIMM AusIMM Critical Minerals Conference to talk about what makes Australia’s #criticalminerals so valuable to the rest of the world! #greenandgoldstandard #resourcesforthefuture pic.twitter.com/jpaFSE4qcB
— Madeleine King MP (@MadeleineMHKing) November 21, 2023
Yes, Minister.
Also making news
• Goldman Sachs says the lithium bear market may not yet be over, as lower spodumene prices see cost support fall for integrated lithium chemical producers in China.
Per Josh’s always superb Ground Breakers column: “Those rapscallions at Goldman Sachs are at it again, pulling a fastie on the Australian lithium sector with a call that prices could yet go lower.
“For anyone playing at home, spot spodumene prices have now fallen over 75% this year and we’re a day out from knowing if the price quoted by Fastmarkets, one of the prices used as a benchmark by Aussie producers, is going to drop again.”
[Update: they did.]
• Kinterra Capital, a prominent Canadian private equity firm focused on critical minerals, this week closed an oversubscribed debut fund – its Critical Minerals Fund – with US$565 million of committed capital, smashing its US$500m target.
Per a press release:
“The structural underinvestment in critical minerals over the past decade has resulted in severely discounted valuations for excellent assets and created a massive need for capital investment, as countries transition to more sustainable energy sources,” said co-founder Cheryl Brandon.
“Kinterra addresses that need by bringing the right combination of active management, financial resources, deep sector knowledge, and cross-functional technical expertise required to identify and develop assets across the value chain.”
The fund attracted commitments from a variety of limited partners, ranging from endowments, foundations, public and private pension plans, consultants, OCIOs, and family offices.
In late 2022 Australia’s Cannon Resources (ASX:CNR) accepted a takeover bid worth $45 million from a division of Kinterra Capital’s Battery Metals Mining Fund.
Battery metals form guide
Here’s a snapshot of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing lately>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected]
(Note: table’s data accurate as of roughly 3pm, Nov 22.)
Code Company Price % Week % Month % Year % YTD Market Cap VIA Viagold Rare Earth 0 -100% -100% -100% -200% $166,624,808 PVW PVW Res Ltd 0.053 -4% -18% -56% -5% $5,577,263 A8G Australasian Metals 0.16 -11% -20% -29% -3% $8,860,484 INF Infinity Lithium 0.115 -4% 35% -38% -1% $53,198,091 LPI Lithium Pwr Int Ltd 0.54 2% 2% 3% 10% $340,272,554 PSC Prospect Res Ltd 0.096 5% 8% -26% -2% $44,016,536 PAM Pan Asia Metals 0.155 0% -23% -64% -26% $25,053,215 CXO Core Lithium 0.355 -5% 3% -75% -67% $790,666,151 LOT Lotus Resources Ltd 0.285 2% 33% 27% 8% $525,979,544 AGY Argosy Minerals Ltd 0.1725 19% -1% -73% -40% $231,727,237 AZS Azure Minerals 4.06 0% 66% 1376% 384% $1,885,173,053 NWC New World Resources 0.039 18% 39% 18% 1% $85,946,198 QXR Qx Resources Limited 0.029 -9% 21% -54% -1% $33,171,836 GSR Greenstone Resources 0.007 0% -13% -72% -3% $10,944,908 CAE Cannindah Resources 0.098 0% 2% -62% -14% $54,917,596 AZL Arizona Lithium Ltd 0.047 2% 236% -39% -2% $165,939,301 HNR Hannans Ltd 0.007 0% 0% -67% -1% $19,115,984 COB Cobalt Blue Ltd 0.285 6% 27% -57% -30% $103,230,075 ESS Essential Metals Ltd 0 -100% -100% -100% -33% $135,278,382 LPD Lepidico Ltd 0.009 -10% -10% -50% -1% $68,744,772 MRD Mount Ridley Mines 0.002 0% 0% -56% 0% $15,569,766 CZN Corazon Ltd 0.02 25% 67% 25% 0% $11,696,360 LKE Lake Resources 0.16 -6% -9% -85% -64% $227,591,153 DEV Devex Resources Ltd 0.255 0% -4% -2% -3% $114,709,574 INR Ioneer Ltd 0.1475 2% -11% -72% -23% $337,825,944 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.036 0% 6% -11% 0% $22,154,117 RLC Reedy Lagoon Corp. 0.007 40% 40% -44% 0% $4,316,785 GBR Greatbould Resources 0.058 -8% -11% -36% -3% $29,447,280 FRS Forrestaniaresources 0.03 3% -14% -83% -11% $4,368,215 STK Strickland Metals 0.1925 24% 83% 328% 15% $268,743,770 MLX Metals X Limited 0.285 0% 6% 4% -10% $258,570,829 CLA Celsius Resource Ltd 0.012 9% 0% -25% 0% $26,952,620 FGR First Graphene Ltd 0.066 -6% -19% -47% -5% $42,940,597 HXG Hexagon Energy 0.009 -10% 13% -47% -1% $4,616,243 TLG Talga Group Ltd 1.085 -4% 10% -17% -32% $402,240,902 MNS Magnis Energy Tech 0.058 14% -22% -85% -31% $70,770,391 OZL OZ Minerals 0 -100% -100% -100% -2617% $8,918,404,433 PLL Piedmont Lithium Inc 0.4275 3% -15% -49% -22% $163,598,376 EUR European Lithium Ltd 0.081 3% 17% -16% 1% $114,327,612 BKT Black Rock Mining 0.1025 3% 7% -36% -3% $109,731,964 QEM QEM Limited 0.18 -5% -11% 0% 0% $27,250,508 LYC Lynas Rare Earths 6.81 -3% 8% -19% -104% $6,421,350,088 ESR Estrella Res Ltd 0.006 0% -25% -50% -1% $8,795,359 ARL Ardea Resources Ltd 0.46 -13% -7% -57% -25% $92,464,410 GLN Galan Lithium Ltd 0.685 15% -9% -53% -39% $254,320,042 JRL Jindalee Resources 1.04 4% -25% -54% -85% $65,140,326 VUL Vulcan Energy 2.41 -2% 1% -67% -392% $430,938,371 SBR Sabre Resources 0.048 2% 37% 20% 1% $15,716,306 CHN Chalice Mining Ltd 1.5225 -7% -18% -67% -478% $618,451,653 VRC Volt Resources Ltd 0.007 0% -13% -59% -1% $28,507,967 NMT Neometals Ltd 0.25 -4% -14% -76% -55% $138,326,984 AXN Alliance Nickel Ltd 0.057 2% -3% -30% -3% $39,921,179 PNN Power Minerals Ltd 0.25 2% 2% -53% -28% $22,144,780 IGO IGO Limited 8.94 0% -20% -42% -452% $6,951,718,523 GED Golden Deeps 0.051 -4% 0% -49% -4% $6,007,162 ADV Ardiden Ltd 0.005 -17% 25% -50% 0% $16,130,012 SRI Sipa Resources Ltd 0.02 -5% -9% -55% -1% $4,563,163 NTU Northern Min Ltd 0.031 0% 0% -23% -1% $171,418,398 AXE Archer Materials 0.41 3% 5% -37% -21% $105,761,510 PGM Platina Resources 0.028 8% 22% 33% 1% $17,449,049 AAJ Aruma Resources Ltd 0.033 0% 3% -57% -2% $6,891,203 IXR Ionic Rare Earths 0.0205 -21% -21% -46% -1% $90,990,413 NIC Nickel Industries 0.7675 -3% -2% -18% -20% $3,450,076,953 EVG Evion Group NL 0.035 -3% 3% -61% -4% $12,108,572 CWX Carawine Resources 0.105 0% -3% 20% 1% $24,793,172 PLS Pilbara Min Ltd 3.53 1% -9% -26% -22% $11,074,822,589 HAS Hastings Tech Met 0.77 -5% 10% -78% -275% $99,612,322 BUX Buxton Resources Ltd 0.19 3% -3% 73% 8% $32,774,409 ARR American Rare Earths 0.155 3% 19% -21% -4% $69,195,611 SGQ St George Min Ltd 0.034 -13% -8% -55% -3% $34,443,030 TKL Traka Resources 0.004 0% -20% -20% 0% $3,501,317 PAN Panoramic Resources 0.035 0% -8% -80% -14% $103,937,992 PRL Province Resources 0.041 0% 0% -45% -2% $48,441,219 IPT Impact Minerals 0.011 -8% 10% 22% 0% $31,511,743 LIT Lithium Australia 0.033 0% 5% -39% -1% $39,110,134 AKE Allkem Limited 8.89 3% -17% -38% -235% $5,939,294,812 ARN Aldoro Resources 0.084 1% -5% -79% -8% $11,443,018 JRV Jervois Global Ltd 0.044 29% 33% -88% -23% $129,720,993 MCR Mincor Resources NL 0 -100% -100% -100% -151% $751,215,521 SYR Syrah Resources 0.66 -10% 25% -72% -140% $473,128,411 FBM Future Battery 0.081 -9% -19% 35% 3% $40,282,573 ADD Adavale Resource Ltd 0.008 0% -27% -71% -1% $5,842,954 LTR Liontown Resources 1.4425 -4% -24% -29% 12% $3,657,741,391 CTM Centaurus Metals Ltd 0.505 5% -3% -57% -62% $256,316,518 VML Vital Metals Limited 0.01 0% 0% -63% -1% $53,061,498 BSX Blackstone Ltd 0.095 1% -14% -46% -4% $44,053,068 POS Poseidon Nick Ltd 0.018 6% 6% -59% -2% $63,039,020 CHR Charger Metals 0.275 -19% 96% -53% -17% $17,081,451 AVL Aust Vanadium Ltd 0.0225 -6% -13% -22% 0% $114,277,956 AUZ Australian Mines Ltd 0.013 -10% 0% -81% -4% $11,318,773 TMT Technology Metals 0.225 0% -6% -35% -13% $57,214,346 RXL Rox Resources 0.2 -5% -11% 18% 3% $73,806,572 RNU Renascor Res Ltd 0.145 -9% 32% -52% -7% $380,911,125 GL1 Globallith 1.215 -5% -4% -50% -63% $330,254,863 BRB Breaker Res NL 0 -100% -100% -100% -32% $158,126,031 ASN Anson Resources Ltd 0.1525 -13% 5% -35% -3% $199,289,571 SYA Sayona Mining Ltd 0.075 -6% -10% -64% -12% $792,583,793 FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.2 -2% 74% -37% -2% $90,806,364 ATM Aneka Tambang 1.18 0% -1% 18% 28% $1,538,306 TVN Tivan Limited 0.075 1% 9% -17% 0% $114,666,850 ALY Alchemy Resource Ltd 0.011 0% 0% -59% -1% $11,780,763 GAL Galileo Mining Ltd 0.28 -8% -11% -73% -60% $55,334,980 BHP BHP Group Limited 47.84 4% 8% 11% 221% ############# LEL Lithenergy 0.54 -7% -5% -40% -23% $56,655,500 MMC Mitremining 0.245 2% 14% 44% -4% $11,110,775 RMX Red Mount Min Ltd 0.0035 -13% -13% -13% 0% $10,694,304 GW1 Greenwing Resources 0.12 -14% 0% -66% -16% $23,523,950 AQD Ausquest Limited 0.013 18% 0% -13% 0% $9,901,791 LML Lincoln Minerals 0.006 -14% -14% -12% 0% $10,163,072 1MC Morella Corporation 0.007 17% 27% -59% -1% $43,145,149 REE Rarex Limited 0.03 0% 0% -39% -2% $21,184,984 MRC Mineral Commodities 0.031 -5% 2% -52% -3% $25,809,186 PUR Pursuit Minerals 0.01 0% 18% -9% -1% $27,967,728 QPM Queensland Pacific 0.0545 -1% -9% -69% -6% $114,714,798 EMH European Metals Hldg 0.62 2% -14% -20% -2% $78,661,706 BMM Balkanminingandmin 0.16 10% 3% -45% -17% $11,009,148 PEK Peak Rare Earths Ltd 0.37 -8% -5% -21% -8% $99,240,550 LEG Legend Mining 0.0205 -2% -7% -43% -2% $60,994,021 MOH Moho Resources 0.011 38% 57% -54% -1% $2,931,153 AML Aeon Metals Ltd. 0.009 0% -25% -70% -2% $9,867,606 G88 Golden Mile Res Ltd 0.022 -15% 5% -1% 0% $7,905,348 WKT Walkabout Resources 0.14 -3% 27% -19% 0% $98,666,765 TON Triton Min Ltd 0.024 4% 20% -4% -1% $39,033,990 AR3 Austrare 0.195 3% 0% -44% -21% $30,447,777 ARU Arafura Rare Earths 0.195 3% 0% -56% -27% $412,106,115 MIN Mineral Resources. 64.29 7% 8% -23% -1291% $12,841,315,098 VMC Venus Metals Cor Ltd 0.1 0% 0% 15% 2% $17,075,581 S2R S2 Resources 0.17 -3% -15% 0% 0% $67,665,101 CNJ Conico Ltd 0.005 25% 0% -50% 0% $7,065,427 VR8 Vanadium Resources 0.042 0% -5% -28% -2% $22,603,399 PVT Pivotal Metals Ltd 0.018 -14% -10% -58% -3% $9,313,761 BOA Boadicea Resources 0.041 -11% 3% -54% -6% $5,046,702 IPX Iperionx Limited 1.425 -5% 20% 91% 74% $314,955,490 SLZ Sultan Resources Ltd 0.016 7% -11% -83% -7% $2,371,041 NKL Nickelxltd 0.058 -8% 7% -41% -2% $5,268,910 NVA Nova Minerals Ltd 0.245 -2% -8% -68% -44% $53,776,940 MLS Metals Australia 0.038 3% 15% -25% -1% $23,089,339 MQR Marquee Resource Ltd 0.03 3% 15% -42% -1% $12,401,531 MRR Minrex Resources Ltd 0.024 60% 50% -44% -1% $22,782,218 EVR Ev Resources Ltd 0.011 0% 0% -48% 0% $10,977,766 EFE Eastern Resources 0.01 -9% 25% -77% -2% $13,661,411 CNB Carnaby Resource Ltd 0.615 -4% -29% -24% -32% $100,150,497 BNR Bulletin Res Ltd 0.155 -6% 48% 24% 6% $48,442,532 AX8 Accelerate Resources 0.057 14% 104% 111% 3% $28,320,132 AM7 Arcadia Minerals 0.09 1% -1% -64% -12% $9,814,509 AS2 Askarimetalslimited 0.175 -8% -13% -61% -26% $14,639,540 BYH Bryah Resources Ltd 0.015 -21% 7% -44% -1% $6,096,290 DTM Dart Mining NL 0.017 -15% -14% -75% -4% $3,892,273 EMS Eastern Metals 0.04 21% 33% -63% -3% $3,297,050 FG1 Flynngold 0.083 4% 22% -31% -2% $11,592,520 GSM Golden State Mining 0.019 -10% -47% -62% -2% $4,538,345 IMI Infinitymining 0.15 36% 25% -50% -13% $10,900,361 LRV Larvottoresources 0.105 -13% -9% -45% -6% $8,070,567 LSR Lodestar Minerals 0.005 25% 0% 0% 0% $8,093,589 RAG Ragnar Metals Ltd 0.023 -4% -8% 51% 1% $10,901,562 CTN Catalina Resources 0.0035 0% -13% -61% -1% $4,334,704 TMB Tambourahmetals 0.13 -13% 13% -10% 3% $10,782,246 TEM Tempest Minerals 0.009 0% 20% -67% -1% $4,602,451 EMC Everest Metals Corp 0.09 -8% -18% -10% 1% $14,858,763 WML Woomera Mining Ltd 0.027 23% 170% 93% 1% $32,229,753 KZR Kalamazoo Resources 0.115 -4% 21% -54% -10% $18,850,642 LMG Latrobe Magnesium 0.064 23% 52% -19% -1% $126,011,871 KOR Korab Resources 0.018 13% 0% -44% -1% $6,606,900 CMX Chemxmaterials 0.075 -7% -1% -55% -11% $4,045,674 NC1 Nicoresourceslimited 0.36 13% 9% -40% -25% $35,677,693 GRE Greentechmetals 0.65 -10% 136% 333% 51% $44,045,866 CMO Cosmometalslimited 0.049 -2% -6% -62% -9% $1,700,137 FRB Firebird Metals 0.165 -6% 6% -15% 1% $14,754,400 S32 South32 Limited 3.215 1% -5% -16% -79% $14,674,797,760 OMH OM Holdings Limited 0.485 9% 3% -34% -21% $343,459,852 JMS Jupiter Mines. 0.175 -3% -8% -8% -5% $333,028,476 E25 Element 25 Ltd 0.46 3% 28% -59% -42% $102,239,257 EMN Euromanganese 0.1 -9% -23% -71% -26% $25,810,625 KGD Kula Gold Limited 0.04 208% 233% 18% 2% $13,808,841 LRS Latin Resources Ltd 0.1875 -17% -29% 63% 9% $582,226,302 CRR Critical Resources 0.026 -16% -16% -50% -2% $51,557,658 ENT Enterprise Metals 0.004 0% 33% -60% -1% $3,197,884 SCN Scorpion Minerals 0.049 -9% -13% -40% -2% $21,148,722 GCM Green Critical Min 0.011 69% 83% -27% -1% $10,229,265 ENV Enova Mining Limited 0.009 29% 29% -25% -1% $5,768,364 RBX Resource B 0.082 -25% -25% -9% 0% $6,780,128 AKN Auking Mining Ltd 0.062 59% 22% -38% -3% $13,360,515 EMT Emetals Limited 0.008 14% 0% -56% 0% $6,800,000 PNT Panthermetalsltd 0.06 -20% -17% -67% -13% $4,219,350 WIN Widgienickellimited 0.15 -8% -21% -65% -18% $44,691,758 WMG Western Mines 0.24 -14% -24% 85% 8% $17,343,702 AVW Avira Resources Ltd 0.0015 -25% 50% -50% 0% $3,200,685 CAI Calidus Resources 0.18 6% 38% -51% -9% $109,842,661 GT1 Greentechnology 0.39 -7% -6% -61% -44% $109,077,588 KAI Kairos Minerals Ltd 0.016 -6% -20% -41% 0% $44,555,507 MTM MTM Critical Metals 0.025 9% 14% -75% -5% $2,682,101 NWM Norwest Minerals 0.033 10% 6% -46% -2% $9,489,794 PGD Peregrine Gold 0.29 4% 9% -38% -10% $16,127,181 RAS Ragusa Minerals Ltd 0.05 0% 43% -62% -7% $7,129,939 RGL Riversgold 0.011 -15% -8% -69% -2% $10,463,876 SRZ Stellar Resources 0.009 0% 0% -25% 0% $9,883,678 STM Sunstone Metals Ltd 0.015 -9% 0% -59% -2% $49,311,758 ZNC Zenith Minerals Ltd 0.165 -3% 74% -45% -10% $58,142,846 WC8 Wildcat Resources 0.86 10% 87% 2767% 84% $1,069,438,149 ASO Aston Minerals Ltd 0.031 -11% -11% -56% -5% $42,737,121 THR Thor Energy PLC 0.03 15% 20% -67% -3% $5,594,769 YAR Yari Minerals Ltd 0.014 -18% 8% -39% 0% $6,753,009 IG6 Internationalgraphit 0.18 -5% 20% -39% -9% $16,017,860 LPM Lithium Plus 0.455 -11% 36% -25% 9% $39,554,572 ODE Odessa Minerals Ltd 0.009 13% 20% -47% -1% $8,524,006 KOB Kobaresourceslimited 0.08 -5% 21% -53% -6% $8,433,333 AZI Altamin Limited 0.048 -17% -21% -47% -3% $19,977,554 FTL Firetail Resources 0.095 -5% 3% -42% -7% $13,997,122 LNR Lanthanein Resources 0.007 0% 17% -79% -1% $7,851,029 CLZ Classic Min Ltd 0.001 0% 0% -92% -1% $12,357,082 NVX Novonix Limited 0.715 0% 9% -69% -76% $356,685,442 OCN Oceanalithiumlimited 0.14 12% -3% -75% -21% $7,696,093 SUM Summitminerals 0.12 4% 30% -31% -3% $5,957,141 DVP Develop Global Ltd 3.085 8% 2% 3% -10% $730,039,347 XTC Xantippe Res Ltd 0.001 0% 0% -72% 0% $17,528,005 OD6 Od6Metalsltd 0.17 -11% -15% -69% -17% $9,352,634 HRE Heavy Rare Earths 0.087 -5% 53% -42% -3% $4,839,034 LIN Lindian Resources 0.175 6% -13% -26% 2% $195,826,780 PEK Peak Rare Earths Ltd 0.37 -8% -5% -21% -8% $99,240,550 ILU Iluka Resources 7.13 0% 2% -27% -240% $3,110,035,805 ASM Ausstratmaterials 1.56 -5% 11% -10% 13% $272,677,511 ETM Energy Transition 0.037 9% 0% -24% -3% $53,202,272 VMS Venture Minerals 0.01 -9% 0% -60% -1% $21,450,143 IDA Indiana Resources 0.06 0% 9% 5% 1% $36,133,787 VTM Victory Metals Ltd 0.25 11% 11% -12% 3% $20,224,914 M2R Miramar 0.023 5% -34% -75% -5% $3,572,869 WCN White Cliff Min Ltd 0.012 9% 0% -31% 0% $15,318,712 TAR Taruga Minerals 0.01 0% 0% -76% -1% $7,060,268 ABX ABX Group Limited 0.072 -4% -4% -50% -4% $17,448,539 MEK Meeka Metals Limited 0.04 11% -5% -42% -3% $43,880,480 RR1 Reach Resources Ltd 0.006 0% -45% 50% 0% $19,261,783 DRE Dreadnought Resources Ltd 0.032 -6% -26% -67% -7% $110,622,250 KFM Kingfisher Mining 0.17 10% 17% -67% -31% $9,400,125 AOA Ausmon Resorces 0.003 0% 0% -50% 0% $3,020,998 WC1 Westcobarmetals 0.065 0% -16% -63% -11% $5,973,720 GRL Godolphin Resources 0.036 3% -5% -55% -5% $6,092,713 DM1 Desert Metals 0.04 0% -2% -88% -16% $3,001,643 PTR Petratherm Ltd 0.051 2% 0% -7% -1% $11,237,557 ITM Itech Minerals Ltd 0.15 -6% 61% -48% -12% $19,549,370 KTA Krakatoa Resources 0.042 0% 147% -30% 0% $18,700,610 M24 Mamba Exploration 0.035 17% 0% -68% -11% $2,134,417 LNR Lanthanein Resources 0.007 0% 17% -79% -1% $7,851,029 TKM Trek Metals Ltd 0.049 -6% 58% -48% -3% $23,886,724 BCA Black Canyon Limited 0.14 0% -7% -42% -10% $9,239,212 CDT Castle Minerals 0.011 0% 22% -50% -1% $12,857,176 DLI Delta Lithium 0.495 -2% -23% -9% 3% $312,275,659 A11 Atlantic Lithium 0.51 32% 4% -40% -11% $321,426,872 KNI Kunikolimited 0.27 2% -4% -54% -24% $22,765,161 CY5 Cygnus Metals Ltd 0.155 -3% 15% -66% -23% $45,145,167 WR1 Winsome Resources 1.135 -8% -7% 0% -10% $206,898,226 LLI Loyal Lithium Ltd 0.39 -8% -9% -28% 10% $33,789,764 BC8 Black Cat Syndicate 0.25 -11% 32% -25% -11% $82,016,643 BUR Burleyminerals 0.165 -21% -8% -34% -6% $17,220,449 PBL Parabellumresources 0.345 0% 0% -36% 1% $18,879,263 L1M Lightning Minerals 0.135 -4% -7% -33% -3% $5,497,884 WA1 Wa1Resourcesltd 8.23 -20% 68% 286% 684% $356,356,986 EV1 Evolutionenergy 0.14 0% 0% -45% -9% $31,813,284 1AE Auroraenergymetals 0.075 -24% -35% -67% -8% $12,418,140 RVT Richmond Vanadium 0.285 -21% -21% 0% 5% $31,034,810 PMT Patriotbatterymetals 1.115 7% -8% 0% 37% $414,611,097 PAT Patriot Lithium 0.21 -7% 24% 0% -6% $14,388,598 BM8 Battery Age Minerals 0.25 25% 19% -50% -25% $20,947,169 OM1 Omnia Metals Group 0.078 0% 4% -50% -8% $3,786,192 VHM Vhmlimited 0.55 8% 18% 0% 0% $84,653,869 LLL Leolithiumlimited 0.505 0% 0% -6% 2% $498,553,663 SRN Surefire Rescs NL 0.0095 -5% -32% -21% 0% $16,530,778 SRL Sunrise 0.565 -18% -25% -75% -136% $56,843,324 SYR Syrah Resources 0.66 -10% 25% -72% -140% $473,128,411 EG1 Evergreenlithium 0.19 6% -16% 0% 0% $10,683,700 WSR Westar Resources 0.027 35% 29% -41% -2% $3,521,793 LU7 Lithium Universe Ltd 0.037 -3% -16% -8% 1% $14,763,832 MEI Meteoric Resources 0.225 -6% 5% 1400% 17% $437,421,853 REC Rechargemetals 0.115 -15% -23% -26% -2% $13,918,997 SLM Solismineralsltd 0.17 -19% -28% 139% 10% $15,569,741 DYM Dynamicmetalslimited 0.2 11% 18% 0% 0% $7,000,000 TOR Torque Met 0.18 3% 13% 13% 0% $22,911,714 ICL Iceni Gold 0.061 2% -6% -59% -2% $13,911,714 TMX Terrain Minerals 0.004 -11% 0% -33% 0% $6,090,425 MHC Manhattan Corp Ltd 0.0035 -13% -30% -42% 0% $11,747,919 MHK Metalhawk. 0.225 25% 145% -10% 6% $17,825,750 ANX Anax Metals Ltd 0.028 -15% -20% -59% -3% $12,984,776 FIN FIN Resources Ltd 0.028 -15% 47% 22% 1% $16,878,386 LM1 Leeuwin Metals Ltd 0.235 -23% -22% 0% 0% $10,076,625 HAW Hawthorn Resources 0.093 -6% 2% 1% -2% $31,156,452 LCY Legacy Iron Ore 0.018 13% 0% 0% 0% $115,322,872 RON Roninresourcesltd 0.2 8% 38% 8% 4% $6,839,619 PFE Pantera Minerals 0.061 3% -2% -51% -44% $6,530,000 ASR Asra Minerals Ltd 0.009 -36% 13% -53% -1% $14,562,056
WordPress Tables Plugin
Charged up:
Biggest gainers, past seven days (per table above)
Kula Gold (ASX:KGD) +208%
Green Critical Minerals (ASX:GCM) +69%
MinRex Resources (ASX:MRR) +60%
Bryah Resources (ASX:BYH) +58%
Auking Mining (ASX:AKN) +59%
Low on juice:
Biggest dippers, past seven days (per table above)
Asra Minerals (ASX:ASR) -36%
Avira Resources (ASX:AVW) -25%
Resource Base (ASX:RBX)3-25%
Leeuwin Metals (ASX:LM1) -23%
Aurora Energy Metals (ASX:1AE) -24%
Plugged in elsewhere
Meanwhile, seen around the traps on the head of Tesla’s social media platform…
“W/all the #EV, #battery & #cathode plants being built in the #US & the #IRA…there’s a great incentive by customers to have local supplies,” @PLLKeith on @BloombergTV, discussing $PLL’s unique position as a US #lithium company. #American #EnergySecurity https://t.co/Hat6N8Z7YJ
— Piedmont Lithium (@PiedmontLithium) November 21, 2023
China’s state-backed miners are on the move for copper.
China’s MMG purchased the Khoemacau operation in Botswana for $1.9 billion.
This is one of the biggest copper deals of the year…
— Gold Telegraph (@GoldTelegraph_) November 21, 2023
And… lastly, don’t get salty on this one, but… things that make you go hmm?
Without a doubt this is significant news for the na-ion market
But…50%, I have trouble agreeing with.. 15-25% perhaps
— BatteryMiner (@thelithiumminer) November 20, 2023
The post High Voltage: Battery metals more critical than ever… you down with that, Minecrafters? appeared first on Stockhead.
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