More lithium bottom speculation? Go on then. Upward-curving contango spotted by expert
New Aussie study confirms EVs are generally more fuel-efficient than petrol or diesel models
Lithium. For better or worse, or somewhere in between, it’s still the limelight-stealing battery metal – despite a rocky time of it over the past several months for spot prices and many a related stock amid supply overstocking/weaker-than-anticipated demand in the short-mid term.
And also despite salt-based plotlines for emerging battery techs which may or may not end up reducing lithium’s usage in an energy-transformed future.
Speaking of future, or futures, though – here, look at this, from renowned lithium analyst Juan Carlos Zuleta. Well it piqued our interest today anyway…
At market close today (15:00 China time), average futures #lithium carbonate prices increased by 0.71%, exceeding average spot LC prices by CNY 3,513, & maintaining the contango process that has been going on for 20 trading days now w/o interruption. pic.twitter.com/Z3q8SHy0xv
— Juan Carlos Zuleta (@jczuleta) February 5, 2024
Zuleta, by the way, has been a prominent lithium market analyst for many years, is regularly approached by leading global media outlets for his takes on lithium’s trajectory and in 2020 was appointed executive manager of Yacimientos de Litio Bolivianos (YLB), the state lithium company in Bolivia.
Bloke knows his stuff.
According to his analysis, lithium futures appear to be in the midst of “contango effect” trajectory. In fact, he’s been noticing the uptrend for a while – roughly 20 days.
Contango? Whatyoutalkin’boutWillis?
Contango refers to periods where futures contract prices rise above spot prices. The opposite of contango is known as “backwardation”. Guess contango just sounded cooler than forwardation.
In Investopedia’s words:
“Contango usually occurs when an asset’s price is expected to rise over time. That results in an upward-sloping forward curve.”
Chinese Li stock prices reacting positively to the spot #lithium price rebound right now. #BYD‘s stock price improvement is also contributing to this outcome. pic.twitter.com/KtOtucG8MG
— Juan Carlos Zuleta (@jczuleta) February 6, 2024
You heard it here second, then. The bottom is in sight. Okay, with the door left ajar for “backwardation” – no guarantees that won’t make a swift return.
While we’re on the bottom speculation, though, Josh Chiat’s Monsters of Rock has the latest from someone/something prominent – Wilsons Advisory. And it’s worth a read. Here’s a snippet:
Corporate advisory firm Wilsons Advisory suggests we’re reaching a nadir for lithium prices, with new research showing half or more of the hard rock projects under development would not get built at current spot prices.
Wilsons says further downside to pricing is ‘likely limited’.
“Despite all the recent ‘doom and gloom’, we believe the fundamental/structural outlook remains robust, and argue that much of the recent news flow is symptomatic of a cyclical bottom in a typical commodity price cycle (i.e. low prices seeing production cuts and development deferrals); and sowing the seeds of the next price cycle,” the firm’s analysis reads.
Read Josh’s full article for more. It delves, too, into some of Benchmark Mineral Intelligence’s latest battery metal assessments, noting “there is some evidence of further supply cuts across the cobalt and nickel industries even outside of the battered Australian nickel sulphide sector”.
EVs are fuel efficient – yep, thought so
Meanwhile, in case you were in any doubt about the future of EVs, a new Aussie study backs up what most of us probably already knew – pound for pound, EVs are generally more fuel-efficient than petrol or diesel models.
A new study by financial services site MNY reveals insights on the most fuel-efficient cars in Australia, highlighting the importance of low running costs for consumers assessing the overall affordability of a car.
“Hands down, electric cars are the most fuel-efficient, even when taking into account electricity charging costs, which means those drivers will have the lowest annual power costs,” notes MNY in its report.
The 2019 Hyundai Ioniq EV sedan topped the chart with an annual fuel cost of just $491, while the 2023 Tesla Model 3 came in second, with an annual running cost of $554. The BMW i3 EV sedan was third, with $575 in annual power costs. Only one SUV made the top 10 list – the MG ZS EV, in ninth place.
Source: mny.com.au/most-fuel-efficient-cars-in-australia
“The top ten cars for fuel efficiency all have an annual fuel cost of around $500 to $700 per year, which is very low compared to the average vehicle. The savings primarily come from the fact that these cars are purely electric and do not use petrol in any form,” writes the MNY analysts.
The study does caveat the following, however:
“Most of these vehicles are also slightly more expensive than what the typical Australian consumer purchases. Therefore, accessing these fuel savings will often mean paying more money on the front end.
“These cars also trended towards smaller, lighter body styles which require less power to get going.”
Source: mny.com.au/most-fuel-efficient-cars-in-australia
“Overall, the worst performers for fuel efficiency are almost exclusively in the luxury category, wherein these vehicles are simply not built to save fuel but rather for more powerful driving experiences,” notes MNY.
Looking at fuel cost per engine type is perhaps the most relevant encompassing metric, which the study also covered, among several others:
Source: mny.com.au/most-fuel-efficient-cars-in-australia
Check out the full MNY research here.
ASX battery metals form guide:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 4pm Jan 31.)
Stocks missing from this list? Email [email protected]
Code Company Price % Week % Month % Year Market Cap PVW PVW Res Ltd 0.04 -30% -9% -67% $4,563,215 A8G Australasian Metals 0.105 -16% -30% -43% $5,212,049 INF Infinity Lithium 0.07 -21% -28% -50% $36,082,183 LPI Lithium Pwr Int Ltd 0.555 0% -1% 26% $358,696,328 PSC Prospect Res Ltd 0.079 0% -13% -37% $36,834,891 PAM Pan Asia Metals 0.16 0% -9% -56% $26,850,684 CXO Core Lithium 0.18 -5% -22% -84% $395,333,076 LOT Lotus Resources Ltd 0.365 9% 24% 52% $614,338,468 AGY Argosy Minerals Ltd 0.095 -5% -30% -87% $147,462,787 AZS Azure Minerals 3.63 -1% -2% 1017% $1,665,006,857 NWC New World Resources 0.037 0% -14% -38% $90,739,682 QXR Qx Resources Limited 0.016 -6% -33% -66% $15,541,090 GSR Greenstone Resources 0.006 -25% -33% -79% $8,208,681 CAE Cannindah Resources 0.079 -1% -15% -66% $45,668,316 AZL Arizona Lithium Ltd 0.02 -9% -35% -73% $79,515,346 RIL Redivium Limited 0.005 -17% 0% -71% $13,654,274 COB Cobalt Blue Ltd 0.165 0% -31% -70% $60,129,122 ESS Essential Metals Ltd 0 -100% -100% -100% $135,278,382 LPD Lepidico Ltd 0.006 20% -25% -60% $45,829,848 MRD Mount Ridley Mines 0.0015 0% -25% -70% $11,677,324 CZN Corazon Ltd 0.01 -23% -41% -58% $7,387,175 LKE Lake Resources 0.088 -2% -32% -89% $130,998,229 DEV Devex Resources Ltd 0.26 4% -9% -9% $116,915,528 INR Ioneer Ltd 0.13 18% -7% -71% $264,001,518 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.039 -5% -5% -24% $24,014,637 RLC Reedy Lagoon Corp. 0.004 0% -20% -54% $2,478,163 GBR Greatbould Resources 0.059 2% -6% -33% $35,322,545 FRS Forrestaniaresources 0.024 -17% -20% -85% $3,721,072 STK Strickland Metals 0.095 -5% -24% 164% $151,087,554 MLX Metals X Limited 0.28 -2% 4% -25% $263,107,159 CLA Celsius Resource Ltd 0.011 0% -15% -39% $26,952,620 FGR First Graphene Ltd 0.063 13% -3% -36% $40,855,007 HXG Hexagon Energy 0.012 0% 0% -33% $6,154,991 TLG Talga Group Ltd 0.58 -7% -20% -66% $222,156,191 MNS Magnis Energy Tech 0.042 0% 0% -90% $50,378,922 OZL OZ Minerals 0 -100% -100% -100% $8,918,404,433 PLL Piedmont Lithium Inc 0.185 -29% -52% -81% $77,181,700 EUR European Lithium Ltd 0.086 2% -4% 5% $119,904,569 BKT Black Rock Mining 0.065 3% -21% -61% $70,238,234 QEM QEM Limited 0.18 -5% -10% -14% $27,250,508 LYC Lynas Rare Earths 5.84 -2% -13% -38% $5,309,063,828 ESR Estrella Res Ltd 0.005 0% 0% -67% $7,037,487 ARL Ardea Resources Ltd 0.395 8% -16% -46% $80,776,935 GLN Galan Lithium Ltd 0.295 -45% -56% -74% $116,645,852 JLL Jindalee Lithium Ltd 0.955 -5% -1% -59% $55,046,006 VUL Vulcan Energy 2.01 -7% -19% -72% $345,866,746 SBR Sabre Resources 0.02 -26% -31% -55% $7,859,501 CHN Chalice Mining Ltd 0.88 -13% -38% -86% $344,232,524 VRC Volt Resources Ltd 0.005 -17% -17% -58% $20,650,533 NMT Neometals Ltd 0.125 -17% -32% -84% $84,063,193 AXN Alliance Nickel Ltd 0.03 0% -29% -71% $23,952,707 PNN Power Minerals Ltd 0.15 -3% -27% -71% $13,980,176 IGO IGO Limited 6.78 -11% -21% -54% $5,217,575,232 GED Golden Deeps 0.037 0% -18% -69% $4,274,327 ADV Ardiden Ltd 0.18 13% -3% -40% $11,253,151 SRI Sipa Resources Ltd 0.022 10% -15% -29% $4,791,321 NTU Northern Min Ltd 0.027 4% -10% -34% $153,685,460 AXE Archer Materials 0.335 5% -15% -46% $87,922,219 PGM Platina Resources 0.02 5% 0% -13% $11,217,246 AAJ Aruma Resources Ltd 0.021 0% -22% -73% $3,937,830 IXR Ionic Rare Earths 0.019 -5% -17% -46% $86,165,747 NIC Nickel Industries 0.68 13% 3% -39% $3,021,495,965 EVG Evion Group NL 0.03 -6% -14% -56% $10,724,735 CWX Carawine Resources 0.115 10% 5% 6% $27,154,427 PLS Pilbara Min Ltd 3.38 -6% -14% -31% $10,322,475,051 HAS Hastings Tech Met 0.565 -5% -21% -83% $72,445,325 BUX Buxton Resources Ltd 0.125 -14% -26% -14% $22,522,096 ARR American Rare Earths 0.13 0% -16% -55% $58,035,029 SGQ St George Min Ltd 0.022 -21% -37% -72% $23,724,970 TKL Traka Resources 0.002 0% -33% -64% $3,501,317 PAN Panoramic Resources 0.035 0% 0% -80% $103,937,992 PRL Province Resources 0.041 0% 0% -31% $48,441,219 IPT Impact Minerals 0.012 -8% 0% 20% $34,376,447 LIT Lithium Australia 0.029 7% -3% -38% $34,221,367 AKE Allkem Limited 0 -100% -100% -100% $6,304,350,967 ARN Aldoro Resources 0.093 -11% -19% -60% $12,116,137 JRV Jervois Global Ltd 0.028 -3% -33% -89% $75,670,579 MCR Mincor Resources NL 0 -100% -100% -100% $751,215,521 SYR Syrah Resources 0.45 0% -24% -78% $280,497,558 FBM Future Battery 0.052 -9% -30% -16% $27,755,311 ADD Adavale Resource Ltd 0.0065 -19% -7% -70% $4,867,033 LTR Liontown Resources 0.9 -6% -43% -42% $2,168,769,345 CTM Centaurus Metals Ltd 0.29 -3% -44% -74% $143,508,714 VML Vital Metals Limited 0.004 -20% -33% -83% $29,475,335 BSX Blackstone Ltd 0.051 -19% -25% -69% $28,635,957 POS Poseidon Nick Ltd 0.007 -13% -42% -82% $25,994,743 CHR Charger Metals 0.13 4% -24% -70% $9,677,531 AVL Aust Vanadium Ltd 0.018 -8% -22% -50% $154,703,007 AUZ Australian Mines Ltd 0.009 -10% -10% -84% $9,591,784 TMT Technology Metals 0.26 0% 11% -17% $67,134,856 RXL Rox Resources 0.175 9% -5% -5% $64,636,996 RNU Renascor Res Ltd 0.077 -5% -36% -70% $200,613,192 GL1 Globallith 0.45 -15% -60% -79% $113,215,405 BRB Breaker Res NL 0 -100% -100% -100% $158,126,031 ASN Anson Resources Ltd 0.077 -19% -41% -72% $102,859,134 SYA Sayona Mining Ltd 0.04 3% -34% -85% $401,438,545 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.145 7% -3% -41% $63,564,455 ATM Aneka Tambang 1.1 -6% -7% 0% $1,434,014 TVN Tivan Limited 0.056 -2% -11% -33% $89,620,121 ALY Alchemy Resource Ltd 0.009 13% -10% -50% $9,424,610 GAL Galileo Mining Ltd 0.21 0% -24% -76% $41,501,235 BHP BHP Group Limited 45.96 -2% -6% -4% $235,442,963,106 LEL Lithenergy 0.3375 -22% -40% -63% $36,053,500 MMC Mitremining 0.225 2% -6% -30% $13,605,030 RMX Red Mount Min Ltd 0.002 -33% -33% -67% $6,683,940 GW1 Greenwing Resources 0.085 -11% -35% -73% $15,159,879 AQD Ausquest Limited 0.011 -8% 10% -35% $9,076,641 LML Lincoln Minerals 0.005 -17% -17% -89% $8,520,226 1MC Morella Corporation 0.004 -20% -27% -71% $24,715,198 REE Rarex Limited 0.016 -24% -41% -75% $12,984,345 MRC Mineral Commodities 0.026 0% -21% -56% $24,611,815 PUR Pursuit Minerals 0.0045 -25% -44% -80% $13,247,871 QPM Queensland Pacific 0.036 -10% -31% -67% $78,489,072 EMH European Metals Hldg 0.305 2% -24% -55% $38,501,832 BMM Balkanminingandmin 0.072 -20% -35% -84% $5,114,917 PEK Peak Rare Earths Ltd 0.205 -15% -44% -53% $57,177,478 LEG Legend Mining 0.016 14% 14% -69% $49,376,112 MOH Moho Resources 0.008 -11% -20% -62% $4,287,529 AML Aeon Metals Ltd. 0.009 0% -10% -68% $10,964,006 G88 Golden Mile Res Ltd 0.012 -20% -33% -41% $3,623,285 WKT Walkabout Resources 0.12 0% -14% 20% $83,907,681 TON Triton Min Ltd 0.017 -11% -23% -58% $26,543,675 AR3 Austrare 0.125 0% -14% -60% $16,958,256 ARU Arafura Rare Earths 0.125 4% -22% -80% $288,787,774 MIN Mineral Resources. 55.21 -8% -19% -38% $10,967,525,389 VMC Venus Metals Cor Ltd 0.1 4% 0% 19% $20,870,155 S2R S2 Resources 0.145 7% -6% -9% $65,664,409 CNJ Conico Ltd 0.003 -25% -33% -77% $4,710,285 VR8 Vanadium Resources 0.035 -17% -36% -61% $19,050,207 PVT Pivotal Metals Ltd 0.017 -11% -19% -53% $12,674,129 BOA Boadicea Resources 0.028 -3% -18% -72% $3,569,619 IPX Iperionx Limited 1.84 6% 23% 122% $407,702,416 SLZ Sultan Resources Ltd 0.015 0% -21% -76% $2,371,041 NKL Nickelxltd 0.039 -5% -15% -47% $3,424,792 NVA Nova Minerals Ltd 0.295 -19% -18% -55% $66,430,338 MLS Metals Australia 0.03 -9% -17% -43% $19,345,122 MQR Marquee Resource Ltd 0.019 -7% -32% -42% $8,267,688 MRR Minrex Resources Ltd 0.011 -21% -31% -70% $13,560,844 EVR Ev Resources Ltd 0.0115 15% -4% -23% $10,995,883 EFE Eastern Resources 0.008 14% -11% -53% $8,693,625 CNB Carnaby Resource Ltd 0.64 -2% -16% -46% $104,221,656 BNR Bulletin Res Ltd 0.085 2% -41% -32% $23,782,679 AX8 Accelerate Resources 0.022 -15% -44% -24% $12,630,239 AM7 Arcadia Minerals 0.067 -4% -3% -68% $7,306,357 AS2 Askarimetalslimited 0.097 -22% -45% -84% $7,405,270 BYH Bryah Resources Ltd 0.01 0% -29% -54% $4,336,073 DTM Dart Mining NL 0.012 -14% -25% -76% $2,958,535 EMS Eastern Metals 0.033 -8% -8% -57% $2,720,066 FG1 Flynngold 0.055 -5% 10% -42% $9,027,750 GSM Golden State Mining 0.011 -15% -27% -77% $3,073,077 IMI Infinitymining 0.1 -9% -23% -57% $13,062,873 LRV Larvottoresources 0.066 -6% -6% -58% $14,758,369 LSR Lodestar Minerals 0.002 -33% -50% -60% $4,046,795 RAG Ragnar Metals Ltd 0.021 -5% -9% 22% $10,427,581 CTN Catalina Resources 0.005 67% 25% -57% $6,192,434 TMB Tambourahmetals 0.086 0% -25% -25% $7,215,811 TEM Tempest Minerals 0.007 -13% -13% -73% $3,633,871 EMC Everest Metals Corp 0.08 5% 1% -12% $12,321,233 WML Woomera Mining Ltd 0.006 20% -76% -63% $6,090,695 KZR Kalamazoo Resources 0.1 5% -35% -52% $16,090,658 LMG Latrobe Magnesium 0.057 0% -7% -27% $107,196,900 KOR Korab Resources 0.008 -47% -56% -65% $2,936,400 CMX Chemxmaterials 0.078 3% -5% -48% $7,280,767 NC1 Nicoresourceslimited 0.205 -15% -40% -66% $25,116,132 GRE Greentechmetals 0.205 -16% -51% 78% $18,917,994 CMO Cosmometalslimited 0.05 -19% -23% -63% $3,284,833 FRB Firebird Metals 0.12 4% -11% -29% $16,371,561 S32 South32 Limited 3.14 -7% -4% -33% $14,629,505,175 OMH OM Holdings Limited 0.47 -2% -4% -43% $363,971,980 JMS Jupiter Mines. 0.18 3% 3% -22% $352,710,957 E25 Element 25 Ltd 0.245 -22% -40% -71% $59,820,842 EMN Euromanganese 0.083 -9% -14% -73% $18,997,908 KGD Kula Gold Limited 0.0065 -19% -62% -76% $2,750,877 LRS Latin Resources Ltd 0.14 -13% -40% 22% $377,494,587 CRR Critical Resources 0.015 7% -25% -74% $23,112,054 ENT Enterprise Metals 0.004 0% 0% -60% $3,207,884 SCN Scorpion Minerals 0.02 -29% -39% -75% $10,236,405 GCM Green Critical Min 0.005 -29% -44% -75% $6,819,510 ENV Enova Mining Limited 0.027 29% 29% 125% $14,100,445 RBX Resource B 0.056 -25% -23% -53% $4,630,331 AKN Auking Mining Ltd 0.029 -17% -34% -74% $6,449,904 RR1 Reach Resources Ltd 0.003 0% -33% -25% $8,025,743 EMT Emetals Limited 0.006 0% -14% -45% $5,100,000 PNT Panthermetalsltd 0.04 -20% -33% -78% $3,486,646 WIN Widgienickellimited 0.048 -44% -46% -85% $16,982,868 WMG Western Mines 0.18 -5% -27% 9% $12,161,978 AVW Avira Resources Ltd 0.002 0% 33% -33% $4,267,580 CAI Calidus Resources 0.175 0% -15% -35% $107,187,975 GT1 Greentechnology 0.12 -23% -56% -86% $42,829,033 KAI Kairos Minerals Ltd 0.013 -13% -7% -35% $35,382,315 MTM MTM Critical Metals 0.068 -9% -43% -12% $8,079,263 NWM Norwest Minerals 0.026 8% -19% -61% $7,476,807 PGD Peregrine Gold 0.29 0% -3% -41% $19,428,979 RAS Ragusa Minerals Ltd 0.027 -13% -33% -75% $4,135,365 RGL Riversgold 0.009 -5% -31% -67% $9,676,615 SRZ Stellar Resources 0.007 0% -13% -46% $8,043,185 STM Sunstone Metals Ltd 0.01 -17% -29% -69% $34,877,349 ZNC Zenith Minerals Ltd 0.12 -17% -11% -50% $44,047,610 WC8 Wildcat Resources 0.435 10% -37% 1454% $502,252,012 ASO Aston Minerals Ltd 0.019 12% -14% -80% $23,311,157 THR Thor Energy PLC 0.032 -16% 7% -47% $6,139,199 YAR Yari Minerals Ltd 0.008 -20% -27% -56% $4,341,220 IG6 Internationalgraphit 0.135 4% -7% -46% $12,903,276 LPM Lithium Plus 0.165 -28% -49% -61% $17,197,640 ODE Odessa Minerals Ltd 0.006 -14% -25% -54% $6,259,695 KOB Kobaresourceslimited 0.15 7% 111% -14% $22,170,833 AZI Altamin Limited 0.05 -2% -7% -36% $21,834,219 FTL Firetail Resources 0.05 -17% -33% -64% $8,636,522 LNR Lanthanein Resources 0.005 -23% -55% -76% $6,449,060 CLZ Classic Min Ltd 0.001 0% 0% -88% $12,357,085 NVX Novonix Limited 0.58 -5% -15% -69% $271,316,557 OCN Oceanalithiumlimited 0.062 -11% -44% -83% $3,352,743 SUM Summitminerals 0.076 7% -22% -48% $3,335,999 DVP Develop Global Ltd 2.21 -9% -17% -37% $536,264,414 OD6 Od6Metalsltd 0.11 -27% -21% -67% $7,427,092 HRE Heavy Rare Earths 0.05 -2% -22% -67% $3,024,397 LIN Lindian Resources 0.125 -14% -19% -47% $155,509,502 PEK Peak Rare Earths Ltd 0.205 -15% -44% -53% $57,177,478 ILU Iluka Resources 6.88 -5% 9% -39% $2,935,362,561 ASM Ausstratmaterials 1.01 1% -18% -57% $169,293,862 ETM Energy Transition 0.035 -8% -19% -31% $49,002,093 VMS Venture Minerals 0.009 13% 29% -65% $17,680,104 IDA Indiana Resources 0.082 0% -4% 39% $50,449,439 VTM Victory Metals Ltd 0.2 -13% 3% 3% $16,686,929 M2R Miramar 0.02 -17% -13% -74% $3,275,130 WCN White Cliff Min Ltd 0.016 0% 78% 45% $21,373,749 TAR Taruga Minerals 0.008 0% -33% -56% $6,354,241 ABX ABX Group Limited 0.07 -3% -1% -48% $17,502,822 MEK Meeka Metals Limited 0.037 3% 0% -36% $46,918,939 RR1 Reach Resources Ltd 0.003 0% -33% -25% $8,025,743 DRE Dreadnought Resources Ltd 0.017 -23% -41% -85% $62,623,313 KFM Kingfisher Mining 0.099 -14% -34% -81% $5,640,075 AOA Ausmon Resorces 0.002 -33% -33% -67% $2,647,498 WC1 Westcobarmetals 0.042 -24% -43% -74% $6,644,018 GRL Godolphin Resources 0.039 -9% -3% -56% $6,600,439 DM1 Desert Metals 0.031 3% -35% -85% $8,228,196 PTR Petratherm Ltd 0.027 8% -21% -63% $5,843,530 ITM Itech Minerals Ltd 0.086 4% -25% -75% $9,774,685 KTA Krakatoa Resources 0.018 -5% -54% -57% $8,970,037 M24 Mamba Exploration 0.052 -5% -20% -74% $3,396,361 LNR Lanthanein Resources 0.005 -23% -55% -76% $6,449,060 TKM Trek Metals Ltd 0.031 -23% -21% -58% $18,470,767 BCA Black Canyon Limited 0.12 14% -14% -51% $7,364,854 CDT Castle Minerals 0.007 0% -22% -68% $9,795,944 DLI Delta Lithium 0.27 -4% -36% -46% $199,309,500 A11 Atlantic Lithium 0.37 -1% -13% -50% $243,625,895 KNI Kunikolimited 0.21 -7% -28% -57% $18,153,296 CY5 Cygnus Metals Ltd 0.066 -3% -47% -87% $19,534,462 WR1 Winsome Resources 0.55 -4% -43% -75% $102,070,002 LLI Loyal Lithium Ltd 0.215 0% -52% -56% $18,323,210 BC8 Black Cat Syndicate 0.21 -13% -13% -48% $70,375,775 BUR Burleyminerals 0.088 -12% -47% -71% $9,296,708 PBL Parabellumresources 0.066 2% 10% -87% $4,111,800 L1M Lightning Minerals 0.074 -22% -41% -62% $3,124,655 WA1 Wa1Resourcesltd 9.88 -7% -26% 485% $442,449,897 EV1 Evolutionenergy 0.105 -22% -22% -67% $24,712,500 1AE Auroraenergymetals 0.155 15% 24% 0% $22,288,970 RVT Richmond Vanadium 0.38 15% 31% -5% $32,758,966 PMT Patriotbatterymetals 0.66 -18% -37% -60% $335,160,106 PAT Patriot Lithium 0.13 0% -28% -70% $9,398,313 BM8 Battery Age Minerals 0.14 -15% -36% -72% $13,305,246 OM1 Omnia Metals Group 0.078 0% 0% -54% $3,786,192 VHM Vhmlimited 0.6 2% -12% -39% $92,349,675 LLL Leolithiumlimited 0.505 0% 0% -18% $498,553,663 SRN Surefire Rescs NL 0.012 20% 33% -14% $21,594,736 SRL Sunrise 0.335 -16% -27% -81% $31,579,624 SYR Syrah Resources 0.45 0% -24% -78% $280,497,558 EG1 Evergreenlithium 0.099 -10% -42% 0% $7,028,750 WSR Westar Resources 0.019 6% -5% -60% $3,521,793 LU7 Lithium Universe Ltd 0.023 5% -26% -23% $8,936,004 MEI Meteoric Resources 0.16 -24% -45% 23% $318,419,175 REC Rechargemetals 0.066 -13% -37% -49% $7,015,174 SLM Solismineralsltd 0.12 0% -17% 9% $9,418,650 DYM Dynamicmetalslimited 0.16 7% -16% -18% $5,760,000 TOR Torque Met 0.205 5% -9% 14% $31,375,972 ICL Iceni Gold 0.039 -6% -40% -65% $9,862,442 TMX Terrain Minerals 0.004 -20% -20% -38% $6,442,518 MHC Manhattan Corp Ltd 0.0035 17% 17% -61% $8,810,939 MHK Metalhawk. 0.081 -23% -38% -44% $8,450,228 ANX Anax Metals Ltd 0.021 0% -30% -71% $11,120,906 FIN FIN Resources Ltd 0.017 6% -26% 21% $11,037,568 LM1 Leeuwin Metals Ltd 0.092 -12% -34% 0% $4,450,909 HAW Hawthorn Resources 0.091 1% -13% -13% $27,806,296 LCY Legacy Iron Ore 0.015 -12% -12% -12% $105,712,632 RON Roninresourcesltd 0.12 -14% -33% -31% $4,419,001 ASR Asra Minerals Ltd 0.006 0% 0% -60% $9,818,974 PFE Panteraminerals 0.055 -4% 10% -59% $7,294,240 KM1 Kalimetalslimited 0.39 -25% 56% 0% $32,445,390
The post High Voltage: A lithium rhapsody – will it do the contango? appeared first on Stockhead.
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