High Voltage: Lithium prices beaten up but analysts eye strong, long game

Estimated read time 14 min read

Yes, we know, Goldman Sachs – ‘spot’ lithium prices are in the toilet. But let’s zoom out
RFC Ambrian has done just that with its latest analysis. And there are positive takeaways 
Weekly ASX battery metal gainers led by: RGL, VHM, EMN

 

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

 

At the risk of sounding like a broken record here, the broad update on the most news-hogging of battery metals (that’d be lithium) is as follows:

‘Spot prices’ are still tanking amid a supply glut and slowed demand this year… and yet, a strong long-term future for lithium and other battery metals still appears to be the consensus.

There’s no denying how ugly these two charts look right now, though…

2023-11-29#Lithium Carbonate 99.5% Min China Spot

Price: $18,480.00
1 day: $210.00 (-1.12%)
YTD: -74.92%#Spodumene Concentrate (6%, CIF China)

Price: $1,800.00
1 day: -40 (-2.17%)
YTD: -69.10%

Sponsored by @SiennaResources $SIE $SNNAFhttps://t.co/BEpSjDtUL7

— Lithium Price Bot (@LithiumPriceBot) November 29, 2023

Source: Miner Deck, November 26 2023

Led by Goldman Sachs, bearish outlooks for lithium prices have been dominating the battery metal’s headlines just lately.

Lithium carbonate and spodumene pricing has been on a continuous slide for about a month, with further gloomy forecasting ahead in the near term for the limelight-hogging electric vehicle battery metal.

Per Josh’s Ground Breakers column from the other day:

In a note on Monday, Chinese industry monitor MySteel moved in lockstep with lithium persona non grata Goldman Sachs, predicting [spodumene] prices would head below US$1400/t in 2024. 

Ouch.

And yet, as this column is wont to tell you, it’s the opposite of doom and gloom on a zoomed-out lens according to leading analysts. As a bloke called Axl once said, “all we need, is just a little patience…”

 

The crystal ball reckons… hang in there

One such group of leading analysts is RFC Ambrian – a global investment advisor – and it’s just put out a detailed report on how it views, through a worldwide mining-sector lens, the lithium market now and into the future.

The group based their analysis and benchmarking on 69 global projects, including eight new mines to come onstream this year.

Some key takeaways… 

• “We expect the consolidation of the lithium industry to continue as the larger producers look to acquire the better-quality projects, oil and gas companies seek energy transition opportunities, and junior companies merge to attain critical mass and potential synergies.”

• The report predicts that there will eventually be a supply deficit to demand longer term – by 2030, for example – and that it’s a positive for the mining industry.

• But… that supply deficit “may not be as large as currently indicated by consensus because the pace of new supply is picking up. Nevertheless, the mine supply pipeline beyond 2030 still has plenty of scope for longer-term capacity but will require further encouragement and financing of early-stage exploration projects.”

• “Demand growth is expected to continue with strong forecasts for the next two decades” amid the expected pick-up in electric vehicle uptake globally.

• “The strong long-term demand outlook, recent higher prices, and government support for the lithium supply chain is also driving strong interest and activity in mergers, acquisitions, and consolidation of the lithium industry.”

 

LTR’s Kathleen Valley gets a top 5 project nod

The top five ranked projects in RFC Ambrian’s analysis were:

Grota do Cirilo (Brazil) – Sigma Lithium

Bonnie Claire (USA) – Nevada Lithium

Kathleen Valley (Australia, WA) – Liontown Resources (ASX:LTR)

Zeus (USA) – Noram Lithium

TLC (USA) – American Lithium

 

Here’s the full list of the analyst’s “high profile” lithium projects category, ranked on the following factors…

The report is seriously table and graph-tastic, but here’s another that caught our eyes and is worth a look from an ASX-stock-focused bent…

It’s 15 of the companies it classifies as high profile, ranked by Enterprise Value (EV) – not to be confused with the other EV central to this whole narrative, of course!

“The table shows the market capitalisation and Enterprise Value (EV) of these companies and a crude comparative valuation based on EV/t LCE resources, and EV/NPV of the projects.”

 

What’s hot, what’s not this week?

Battery metals weekly gains and falls, circa ASX closing bell, November 29.

 

Charged up

Riversgold (ASX:RGL) +55%

VHM (ASX:VHM) +36% 

Euro Manganese (ASX:EMN) +33% (See Wednesday’s Resources Top 4)

Aeon Metals (ASX:AML) +33%

Westar Resources (ASX:WSR) +26% 

 

Low on juice

Ardiden (ASX:ADV) -30%

Arizona Lithium (ASX:AZL) -24%

GreenTech Metals (ASX:GRE) -24%

Core Lithium (ASX:CXO) -22%

Zenith Minerals (ASX:ZNC) -21%

 

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 5pm, Nov 29.)

Code Company Price % Week % Month % Year % YTD Market Cap PVW PVW Res Ltd 0.049 -11% -14% -57% -5% $4,968,834 A8G Australasian Metals 0.175 3% 6% -30% -2% $9,121,086 INF Infinity Lithium 0.105 -9% 24% -42% -2% $46,259,209 LPI Lithium Pwr Int Ltd 0.545 2% 3% 7% 11% $344,270,646 PSC Prospect Res Ltd 0.089 -6% 0% -46% -3% $45,869,864 PAM Pan Asia Metals 0.155 3% 3% -66% -26% $25,888,322 CXO Core Lithium 0.29 -22% -18% -78% -74% $673,134,696 LOT Lotus Resources Ltd 0.3 -2% 30% 50% 10% $482,868,651 AGY Argosy Minerals Ltd 0.185 12% 9% -67% -39% $280,881,500 AZS Azure Minerals 3.95 -4% 13% 1363% 373% $1,816,371,117 NWC New World Resources 0.039 3% 39% 5% 1% $90,469,682 QXR Qx Resources Limited 0.026 -13% 13% -52% -2% $30,960,380 GSR Greenstone Resources 0.009 13% 13% -65% -2% $10,944,908 CAE Cannindah Resources 0.093 -2% 2% -60% -15% $53,761,436 AZL Arizona Lithium Ltd 0.038 -24% 153% -48% -2% $137,125,091 HNR Hannans Ltd 0.007 0% -13% -67% -1% $21,846,838 COB Cobalt Blue Ltd 0.285 4% 14% -55% -30% $106,983,896 LPD Lepidico Ltd 0.008 -11% 0% -50% -1% $61,106,464 MRD Mount Ridley Mines 0.002 0% 0% -60% 0% $15,569,766 CZN Corazon Ltd 0.018 -5% 20% 9% 0% $11,080,762 LKE Lake Resources 0.14 -13% -18% -85% -66% $213,366,706 DEV Devex Resources Ltd 0.25 -4% -14% -17% -3% $110,297,668 INR Ioneer Ltd 0.17 6% 17% -68% -21% $380,054,186 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.039 5% 11% -5% 0% $25,861,917 RLC Reedy Lagoon Corp. 0.007 0% 75% -40% 0% $4,316,785 GBR Greatbould Resources 0.064 10% 0% -25% -3% $28,939,569 FRS Forrestaniaresources 0.031 15% 3% -81% -11% $4,530,001 STK Strickland Metals 0.18 9% 80% 329% 14% $293,175,022 MLX Metals X Limited 0.265 -7% -7% 6% -12% $240,425,508 CLA Celsius Resource Ltd 0.014 17% 27% -18% 0% $24,706,568 FGR First Graphene Ltd 0.067 -4% -13% -46% -5% $39,873,411 HXG Hexagon Energy 0.01 11% 25% -41% -1% $5,129,159 TLG Talga Group Ltd 0.99 -11% -10% -31% -41% $360,754,172 MNS Magnis Energy Tech 0.054 -8% -27% -85% -32% $69,570,893 PLL Piedmont Lithium Inc 0.4 -10% -11% -51% -25% $147,054,720 EUR European Lithium Ltd 0.076 -7% 10% -10% 0% $111,539,134 BKT Black Rock Mining 0.094 -6% -15% -39% -4% $105,342,686 QEM QEM Limited 0.18 -5% -5% 3% 0% $28,764,425 LYC Lynas Rare Earths 6.62 -4% -7% -21% -123% $6,168,982,618 ESR Estrella Res Ltd 0.006 20% 0% -50% -1% $10,554,431 ARL Ardea Resources Ltd 0.46 -3% -13% -53% -25% $86,624,552 GLN Galan Lithium Ltd 0.615 -15% -6% -54% -46% $211,933,368 JRL Jindalee Resources 1.015 -6% -25% -53% -87% $57,299,361 VUL Vulcan Energy 2.69 5% 21% -62% -364% $426,741,060 SBR Sabre Resources 0.036 -18% -25% -10% 0% $13,759,373 CHN Chalice Mining Ltd 1.49 -6% -19% -71% -481% $583,444,956 VRC Volt Resources Ltd 0.007 17% -7% -56% -1% $28,910,747 NMT Neometals Ltd 0.2 -18% -35% -79% -58% $130,329,175 AXN Alliance Nickel Ltd 0.052 -5% -15% -43% -4% $39,921,179 PNN Power Minerals Ltd 0.24 -4% 0% -58% -29% $21,804,328 IGO IGO Limited 8.53 -7% -20% -41% -493% $6,376,194,985 GED Golden Deeps 0.052 0% 4% -48% -4% $6,122,684 ADVDB Ardiden Ltd 0.18 -30% -16% -53% -12% $13,128,676 SRI Sipa Resources Ltd 0.025 25% 4% -38% -1% $5,703,953 NTU Northern Min Ltd 0.035 21% 13% -17% -1% $212,795,253 AXE Archer Materials 0.395 -5% -7% -40% -22% $104,487,275 PGM Platina Resources 0.0245 -13% 7% 23% 1% $15,579,508 AAJ Aruma Resources Ltd 0.033 -6% -3% -56% -2% $6,300,528 IXR Ionic Rare Earths 0.02 -13% 0% -47% -1% $84,360,194 NIC Nickel Industries 0.72 -11% -8% -23% -25% $3,064,354,064 EVG Evion Group NL 0.033 -6% -18% -63% -4% $11,416,653 CWX Carawine Resources 0.11 5% -7% 23% 1% $25,973,799 PLS Pilbara Min Ltd 3.56 -3% -9% -19% -19% $10,773,876,323 HAS Hastings Tech Met 0.685 -11% -11% -81% -284% $90,556,656 BUX Buxton Resources Ltd 0.185 -8% -14% 89% 7% $33,636,894 ARR American Rare Earths 0.17 10% 21% -15% -2% $75,891,961 SGQ St George Min Ltd 0.033 -6% -20% -57% -4% $33,458,943 TKL Traka Resources 0.004 0% -20% -33% 0% $3,501,317 PAN Panoramic Resources 0.035 0% -3% -79% -14% $103,937,992 PRL Province Resources 0.041 0% 0% -38% -2% $48,441,219 IPT Impact Minerals 0.0105 -5% 17% 5% 0% $28,647,039 LIT Lithium Australia 0.03 -6% -3% -40% -2% $37,887,942 AKE Allkem Limited 8.5 -9% -16% -35% -274% $5,389,478,500 ARN Aldoro Resources 0.083 -2% -16% -75% -8% $11,308,394 JRV Jervois Global Ltd 0.038 -21% 27% -89% -23% $108,100,827 MCR Mincor Resources NL 0 -100% -100% -100% -151% $751,215,521 SYR Syrah Resources 0.64 -9% -9% -72% -142% $439,333,525 FBM Future Battery 0.072 -9% -28% 29% 2% $39,262,761 ADD Adavale Resource Ltd 0.009 13% 13% -68% -1% $6,208,139 LTR Liontown Resources 1.345 -12% -20% -27% 3% $3,285,526,258 CTM Centaurus Metals Ltd 0.475 -9% -2% -57% -65% $240,005,952 VML Vital Metals Limited 0.01 0% 0% -63% -1% $53,061,498 BSX Blackstone Ltd 0.092 -1% -12% -43% -4% $43,579,380 POS Poseidon Nick Ltd 0.017 0% 13% -59% -2% $59,330,842 CHR Charger Metals 0.265 -4% 47% -51% -18% $15,218,020 AVL Aust Vanadium Ltd 0.022 -4% -15% -15% 0% $109,309,349 AUZ Australian Mines Ltd 0.013 -13% 8% -78% -4% $9,809,604 TMT Technology Metals 0.22 -2% -8% -38% -13% $57,214,346 RXL Rox Resources 0.19 -7% -16% 12% 2% $68,406,091 RNU Renascor Res Ltd 0.15 0% -6% -52% -7% $368,214,087 GL1 Globallith 1.32 4% 6% -43% -53% $345,857,455 ASN Anson Resources Ltd 0.145 -6% -9% -36% -4% $186,432,180 SYA Sayona Mining Ltd 0.065 -16% -21% -68% -13% $689,650,833 FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.175 -13% 0% -43% -5% $77,185,409 ATM Aneka Tambang 1.18 0% 0% 12% 28% $1,538,306 TVN Tivan Limited 0.075 3% 12% -21% 0% $125,773,413 ALY Alchemy Resource Ltd 0.01 0% -9% -63% -1% $11,780,763 GAL Galileo Mining Ltd 0.28 0% -16% -72% -60% $55,334,980 BHP BHP Group Limited 46.19 -3% 3% 5% 56% $235,341,588,310 LEL Lithenergy 0.6025 10% -10% -33% -17% $57,685,600 MMC Mitremining 0.205 -16% -11% -11% -8% $9,296,771 RMX Red Mount Min Ltd 0.004 0% 0% -11% 0% $10,694,304 GW1 Greenwing Resources 0.11 -19% -21% -69% -17% $18,296,406 LML Lincoln Minerals 0.006 -14% -33% -12% 0% $10,163,072 1MC Morella Corporation 0.006 -14% 9% -65% -1% $36,981,556 REE Rarex Limited 0.028 -10% -15% -40% -3% $19,818,211 MRC Mineral Commodities 0.03 0% -16% -56% -3% $25,809,186 PUR Pursuit Minerals 0.009 -5% -10% -18% -1% $26,495,743 QPM Queensland Pacific 0.054 -5% -8% -57% -6% $108,677,177 EMH European Metals Hldg 0.59 -5% -6% -21% -5% $79,296,075 BMM Balkanminingandmin 0.14 -10% 4% -53% -19% $9,977,040 PEK Peak Rare Earths Ltd 0.375 0% -9% -20% -8% $97,917,342 LEG Legend Mining 0.019 -10% -17% -47% -2% $49,376,112 MOH Moho Resources 0.01 25% 43% -60% -1% $5,100,666 AML Aeon Metals Ltd. 0.012 33% 0% -60% -2% $12,060,407 G88 Golden Mile Res Ltd 0.023 -4% 15% 3% 0% $6,587,790 WKT Walkabout Resources 0.14 -3% 12% -19% 0% $95,264,603 TON Triton Min Ltd 0.023 -8% -12% -18% -1% $35,911,271 AR3 Austrare 0.155 -21% -18% -52% -25% $24,666,554 ARU Arafura Rare Earths 0.225 15% 7% -44% -24% $422,672,938 MIN Mineral Resources. 61.23 -7% 1% -25% -1597% $12,019,580,236 VMC Venus Metals Cor Ltd 0.11 22% 10% 26% 3% $20,870,155 S2R S2 Resources 0.17 3% -11% 13% 0% $71,766,016 CNJ Conico Ltd 0.005 25% 0% -50% 0% $7,850,475 VR8 Vanadium Resources 0.045 7% 10% -20% -1% $24,756,104 PVT Pivotal Metals Ltd 0.017 6% -11% -54% -3% $9,313,761 BOA Boadicea Resources 0.039 -3% -7% -59% -6% $5,415,973 IPX Iperionx Limited 1.35 -6% 8% 85% 66% $290,896,390 SLZ Sultan Resources Ltd 0.016 0% -11% -82% -7% $2,371,041 NKL Nickelxltd 0.06 0% 3% -40% -2% $5,093,280 NVA Nova Minerals Ltd 0.26 2% 2% -63% -42% $53,776,940 MLS Metals Australia 0.037 0% 12% -18% -1% $22,465,303 MQR Marquee Resource Ltd 0.029 -3% 12% -47% -1% $11,988,147 MRR Minrex Resources Ltd 0.019 -10% 36% -54% -1% $19,527,615 EVR Ev Resources Ltd 0.01 -13% -9% -50% 0% $9,545,883 EFE Eastern Resources 0.01 -9% 25% -76% -2% $12,419,465 CNB Carnaby Resource Ltd 0.665 8% -8% -21% -27% $97,707,802 BNR Bulletin Res Ltd 0.175 6% 3% 52% 8% $52,846,398 AX8 Accelerate Resources 0.05 -17% 22% 72% 3% $27,376,127 AM7 Arcadia Minerals 0.085 -6% -6% -69% -12% $9,269,259 AS2 Askarimetalslimited 0.185 -3% 9% -55% -25% $14,309,789 BYH Bryah Resources Ltd 0.014 -18% 0% -43% -1% $6,065,602 DTM Dart Mining NL 0.017 -6% -6% -75% -4% $3,641,274 EMS Eastern Metals 0.032 -20% 3% -66% -4% $2,637,640 FG1 Flynngold 0.081 -5% 25% -35% -2% $11,456,137 GSM Golden State Mining 0.018 -5% -10% -67% -3% $4,299,485 IMI Infinitymining 0.13 -7% 8% -61% -15% $9,732,465 LRV Larvottoresources 0.1 8% 14% -33% -4% $6,501,379 LSR Lodestar Minerals 0.004 0% -20% -20% 0% $9,105,288 RAG Ragnar Metals Ltd 0.023 0% 0% 34% 1% $10,901,562 CTN Catalina Resources 0.004 14% 0% -58% -1% $4,953,948 TMB Tambourahmetals 0.15 7% 25% 0% 5% $12,441,053 TEM Tempest Minerals 0.009 0% 50% -68% -1% $4,602,451 EMC Everest Metals Corp 0.085 -8% -15% 70% 1% $13,715,781 WML Woomera Mining Ltd 0.026 -4% 189% 86% 1% $27,454,975 KZR Kalamazoo Resources 0.11 -8% 17% -51% -10% $21,421,184 LMG Latrobe Magnesium 0.058 -17% 35% -24% -2% $107,749,281 KOR Korab Resources 0.017 -6% 6% -37% -1% $6,606,900 CMX Chemxmaterials 0.073 -4% 0% -59% -11% $3,832,744 NC1 Nicoresourceslimited 0.305 -9% 2% -59% -31% $31,950,173 GRE Greentechmetals 0.52 -24% 30% 259% 38% $35,139,600 CMO Cosmometalslimited 0.049 0% -2% -65% -9% $1,700,137 FRB Firebird Metals 0.155 -3% 3% -16% 0% $14,293,325 S32 South32 Limited 3.06 -6% -8% -23% -94% $14,040,701,561 OMH OM Holdings Limited 0.465 0% 6% -37% -23% $343,459,852 JMS Jupiter Mines. 0.175 3% -8% -8% -5% $333,028,476 E25 Element 25 Ltd 0.555 18% 42% -49% -33% $108,765,168 EMN Euromanganese 0.14 33% 17% -60% -22% $24,581,548 KGD Kula Gold Limited 0.033 -11% 144% -6% 1% $12,161,607 LRS Latin Resources Ltd 0.19 -10% -25% 58% 9% $485,188,585 CRR Critical Resources 0.024 -17% -14% -58% -2% $44,446,257 ENT Enterprise Metals 0.003 -25% -25% -67% -1% $2,398,413 SCN Scorpion Minerals 0.045 -13% -22% -39% -3% $18,301,779 GCM Green Critical Min 0.01 11% 25% -38% -1% $11,365,850 ENV Enova Mining Limited 0.009 0% 29% -18% -1% $5,768,364 RBX Resource B 0.084 2% -27% -5% 0% $6,945,497 AKN Auking Mining Ltd 0.06 3% 62% -36% -4% $13,130,161 RR1 Reach Resources Ltd 0.0055 -8% -54% 22% 0% $16,051,486 EMT Emetals Limited 0.008 0% 14% -38% 0% $6,800,000 PNT Panthermetalsltd 0.057 -17% -24% -67% -13% $3,485,550 WIN Widgienickellimited 0.135 -10% -25% -73% -20% $40,222,582 WMG Western Mines 0.215 -17% -26% 72% 6% $15,031,473 AVW Avira Resources Ltd 0.0015 -25% 0% -50% 0% $3,200,685 CAI Calidus Resources 0.19 6% -3% -46% -8% $109,842,661 GT1 Greentechnology 0.335 -15% -16% -64% -49% $99,412,485 KAI Kairos Minerals Ltd 0.016 -6% -20% -39% 0% $41,934,595 MTM MTM Critical Metals 0.028 4% 27% -75% -5% $2,880,775 NWM Norwest Minerals 0.03 -9% -17% -42% -2% $8,627,085 PGD Peregrine Gold 0.305 9% 13% -34% -8% $17,587,976 RAS Ragusa Minerals Ltd 0.042 -16% 5% -68% -7% $5,989,149 RGL Riversgold 0.017 55% 42% -51% -1% $16,171,445 SRZ Stellar Resources 0.008 -11% 0% -38% -1% $9,334,585 STM Sunstone Metals Ltd 0.017 6% 6% -54% -2% $49,311,758 ZNC Zenith Minerals Ltd 0.13 -21% 46% -60% -14% $52,857,132 WC8 Wildcat Resources 0.775 -13% 0% 2572% 75% $1,003,718,486 ASO Aston Minerals Ltd 0.03 -9% -6% -63% -5% $41,442,057 THR Thor Energy PLC 0.028 -7% 4% -69% -3% $5,594,769 YAR Yari Minerals Ltd 0.014 0% -18% -30% 0% $7,717,725 IG6 Internationalgraphit 0.17 -6% 0% -42% -10% $16,017,860 LPM Lithium Plus 0.425 -8% -13% -24% 6% $34,825,221 ODE Odessa Minerals Ltd 0.008 -11% 14% -43% -1% $7,576,895 KOB Kobaresourceslimited 0.077 -4% 13% -52% -6% $8,117,083 AZI Altamin Limited 0.053 4% -9% -43% -3% $20,760,988 FTL Firetail Resources 0.09 -4% -14% -51% -7% $13,401,500 CLZ Classic Min Ltd 0.001 0% 0% -92% -1% $12,357,082 NVX Novonix Limited 0.685 -6% -6% -69% -79% $337,146,227 OCN Oceanalithiumlimited 0.13 -10% -4% -74% -22% $7,165,328 SUM Summitminerals 0.11 -12% 22% -39% -4% $5,957,141 DVP Develop Global Ltd 2.99 -1% -8% 9% -19% $732,464,727 XTC Xantippe Res Ltd 0.001 0% 0% -72% 0% $17,528,005 OD6 Od6Metalsltd 0.195 15% 26% -67% -14% $10,177,867 HRE Heavy Rare Earths 0.085 6% -11% -39% -3% $5,141,474 LIN Lindian Resources 0.16 -6% -11% -33% 1% $190,067,169 PEK Peak Rare Earths Ltd 0.375 0% -9% -20% -8% $97,917,342 ILU Iluka Resources 6.95 -5% -7% -31% -258% $2,956,664,176 ASM Ausstratmaterials 1.4 -14% 5% -18% -4% $244,350,254 ETM Energy Transition 0.041 8% 17% -16% -2% $58,802,512 VMS Venture Minerals 0.011 0% 10% -58% -1% $21,450,143 IDA Indiana Resources 0.062 5% 24% 10% 1% $34,908,912 VTM Victory Metals Ltd 0.23 -8% 2% -10% 1% $18,606,921 M2R Miramar 0.019 -21% -27% -80% -6% $2,828,521 WCN White Cliff Min Ltd 0.011 0% -8% -37% 0% $14,042,153 TAR Taruga Minerals 0.01 0% 0% -73% -1% $7,060,268 ABX ABX Group Limited 0.072 0% 1% -47% -4% $17,933,220 MEK Meeka Metals Limited 0.04 8% -5% -40% -3% $45,066,439 RR1 Reach Resources Ltd 0.0055 -8% -54% 22% 0% $16,051,486 DRE Dreadnought Resources Ltd 0.033 3% 6% -66% -7% $114,079,195 KFM Kingfisher Mining 0.175 0% 30% -68% -30% $8,594,400 AOA Ausmon Resorces 0.003 0% -14% -57% 0% $3,020,998 WC1 Westcobarmetals 0.059 -4% -16% -68% -11% $5,925,154 GRL Godolphin Resources 0.04 11% 5% -51% -4% $6,261,955 DM1 Desert Metals 0.04 0% 0% -87% -16% $3,001,643 PTR Petratherm Ltd 0.049 -2% 9% -18% -1% $11,237,557 ITM Itech Minerals Ltd 0.13 -19% 4% -55% -14% $17,105,699 KTA Krakatoa Resources 0.044 2% 100% -20% 0% $21,309,998 M24 Mamba Exploration 0.032 -9% 7% -74% -11% $1,890,483 LNR Lanthanein Resources 0.007 0% 17% -80% -1% $6,729,453 TKM Trek Metals Ltd 0.046 -4% -8% -46% -3% $22,891,444 BCA Black Canyon Limited 0.14 0% -7% -40% -10% $9,239,212 CDT Castle Minerals 0.0105 0% -13% -64% -1% $12,857,176 DLI Delta Lithium 0.47 -6% -22% -12% 1% $290,517,113 A11 Atlantic Lithium 0.515 -2% 27% -33% -11% $321,426,872 KNI Kunikolimited 0.27 2% 6% -50% -24% $23,194,692 CY5 Cygnus Metals Ltd 0.13 -19% -19% -73% -25% $37,863,688 WR1 Winsome Resources 1.065 -9% -24% -3% -17% $190,026,697 LLI Loyal Lithium Ltd 0.33 -20% -32% -34% 4% $29,311,602 BC8 Black Cat Syndicate 0.265 -2% 26% -16% -9% $72,903,682 BUR Burleyminerals 0.17 0% -21% -28% -5% $16,207,481 PBL Parabellumresources 0.345 0% 0% -24% 1% $18,879,263 L1M Lightning Minerals 0.155 15% 19% -23% -1% $6,544,885 WA1 Wa1Resourcesltd 8.24 -2% 9% 355% 685% $355,081,245 EV1 Evolutionenergy 0.14 0% -22% -42% -9% $31,813,284 1AE Auroraenergymetals 0.08 3% -19% -61% -7% $12,736,554 RVT Richmond Vanadium 0.315 -13% -17% 0% 8% $27,155,459 PMT Patriotbatterymetals 1.04 -1% -20% 0% 29% $392,996,300 PAT Patriot Lithium 0.195 -7% 5% 0% -7% $13,703,426 BM8 Battery Age Minerals 0.235 0% -2% -53% -27% $20,501,484 OM1 Omnia Metals Group 0.078 0% 0% -46% -8% $3,786,192 VHM Vhmlimited 0.75 36% 53% 0% 0% $104,662,965 LLL Leolithiumlimited 0.505 0% 0% 5% 2% $498,553,663 SRN Surefire Rescs NL 0.0095 6% -37% -27% 0% $16,530,778 SRL Sunrise 0.58 -8% -24% -72% -134% $55,038,774 SYR Syrah Resources 0.64 -9% -9% -72% -142% $439,333,525 EG1 Evergreenlithium 0.17 -11% -26% 0% 0% $9,840,250 WSR Westar Resources 0.024 26% 26% -52% -3% $4,448,580 LU7 Lithium Universe Ltd 0.033 -13% -13% -18% 0% $14,375,310 MEI Meteoric Resources 0.205 -9% -15% 1364% 15% $408,260,396 REC Rechargemetals 0.11 -12% -21% -21% -3% $12,248,717 SLM Solismineralsltd 0.17 -15% -24% 115% 10% $12,845,036 DYM Dynamicmetalslimited 0.175 -13% 6% 0% 0% $5,600,000 TOR Torque Met 0.19 9% -14% 3% 1% $24,875,575 ICL Iceni Gold 0.061 5% 5% -56% -2% $14,631,286 TMX Terrain Minerals 0.004 -11% 0% -43% 0% $6,090,425 MHC Manhattan Corp Ltd 0.004 0% -33% -33% 0% $11,747,919 MHK Metalhawk. 0.18 -20% 80% -27% 2% $14,841,728 ANX Anax Metals Ltd 0.027 0% -23% -55% -3% $13,465,694 FIN FIN Resources Ltd 0.026 0% 0% 18% 1% $15,580,049 LM1 Leeuwin Metals Ltd 0.19 -16% -36% 0% 0% $10,076,625 HAW Hawthorn Resources 0.09 -3% -5% -22% -3% $31,826,483 LCY Legacy Iron Ore 0.017 -6% 0% -15% 0% $108,916,045 RON Roninresourcesltd 0.2 0% 38% 8% 4% $7,010,610 ASR Asra Minerals Ltd 0.008 -20% 33% -53% -1% $11,649,645 PFE Panteraminerals 0.061 0% -5% -49% -5% $6,424,353

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Plugged in

Seen around the traps on the head of Tesla’s social media platform…

Congrats @GoldmanSachs winner of the @globallithium 2023 “Clueless #lithium analysis” award. According to GS, China becomes the world’s largest producer from domestic resources in 2027. I will take that bet. pic.twitter.com/8ekQjQUSyO

— Joe Lowry (@globallithium) November 28, 2023

Over the course of human history, we’ve produced 700M tons of copper.

To reach Net Zero by 2050, we’d need to produce 1.4B tons of copper over the next 27 years.

Doubling all of human history production in < 3 decades.

Lol. pic.twitter.com/Yz09FodiAX

— Brandon Beylo (@marketplunger1) November 26, 2023

IMO, Rock God Chris Ellison sees spodumene like iron ore where BHP, Rio, FMG, Vale market power enables persistently higher margins than other commodities. MIN will have big seat at spodumene oligopoly table which will target software margins w/o causing demand destruction

— Howard Klein (@LithiumIonBull) November 27, 2023

Benchmark launches sustainable #lithium price – CIF Asia, spot @benchmarkmin

The lithium industry is evolving its pricing to a number of different mechanisms demanded by end users.

“this is the first step in identifying price trends within the Sustainability Index’s Industry… pic.twitter.com/wCAM44HkGp

— Simon Moores (@sdmoores) November 26, 2023

The post High Voltage: Lithium prices beaten up but analysts eye strong, long game appeared first on Stockhead.

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