• Goldman Sachs bearish on lithium… again
• But the experts (that’s Benchmark Mineral Intelligence) show reason for optimism for high-quality lithium producers
• And the best performing battery metals ASX stocks over the past week were?…
At the risk of focusing too heavily on lithium yet again, let’s… focus on lithium yet again, for a few minutes at least…
Depending on who you believe, the lithium supply and demand outlook is either still overcooked on the supply side for the foreseeable, or it’s actually far more palatable than many might think.
Included among the ‘many’ there, are notable lithium bears Goldman Sachs, who as recently as a few days ago shared another damning take, including these words:
“The recent rally in lithium prices should not be interpreted as the end of the bear market, where further supply rationing is needed to reduce both the 2024E surplus and now larger surplus in 2025E.”
And these:
“While lithium chemicals forward curves remain in contango, we note that lithium chemicals futures have largely been in contango for most of the price decline from early 2023, so far making them a poor predictor of spot pricing.”
That contango, as a reminder of a reminder Stockhead’s Reuben gave the other day, is something we’ve been following a bit here in High Voltage.
‘Contango’ occurs when futures contract (buy later) prices rise above spot (buy now) prices.
We can think of at least one notable lithium analyst who’s been keeping tabs on the lithium futures contango, and continues to do so. Here he is…
Except for seaborne Li2CO3 CIF, all #lithium chemical & ore prices rose today in the Chinese spot market. At midday, average LC futures prices increased by 1.89% surpassing the average LC spot prices by CNY 9,076, resulting in a growing contango for the 6th consecutive day. pic.twitter.com/7PoQNTOjiC
— Juan Carlos Zuleta (@jczuleta) April 10, 2024
It’s not just the likes of Goldman Sachs (and Morgan Stanley, too of late) highlighting the supply glut. Lithium supply glut bears are everywhere.
Here’s Supply Chain Insights forecasting that “the battery market will remain in oversupply until 2030 unless more projects are scaled back or cancelled”:
Based on announced investment decisions and forecast demand growth, battery production capacity will grow by over 350% by 2030.
SC Insights forecast that the battery market will remain in oversupply until 2030 unless more projects are scaled back or cancelled. This leaves China… pic.twitter.com/cASeCYqQ29
— Derrick Allott (@DerrickSCI) April 9, 2024
But as one commenter on the post, er, commented:
“Even if there is all that battery capacity, will there be enough battery grade lithium?”
Which leads us to this:
Benchmark’s more positive take
With information that goes some way to contradicting the bearish bankers’ ongoing lithium supply glut vision, Benchmark Mineral Intelligence attempts to come to lithium hopefuls’ rescue this week.
And that’s probably as you might expect, given the price-reporting agency’s interest in and ties to the global lithium industry.
Nevertheless, here’s some of the crucial gist of one of its latest reports – Benchmark’s Solid-State and Lithium Metal Forecast.
It cites challenges and yet at the same time opportunities for the global lithium industry.
Essentially, Benchmark is seeing a surging global demand for lithium metal batteries, but forecasts that production is on target to fall short of meeting that demand.
Here’s a chart from the Benchmark report that pretty much sums up what they’re seeing.
“The announced capacity expansion for lithium metal production are insufficient to meet the demands of the emerging lithium metal battery market,” writes Benchmark.
If it’s correct, then that’s very much the opposite of bearish factors required to see global lithium pricings remain suppressed.
Putting its thesis into further context, Benchmark analyst Rory McNulty said this:
“To date, battery grade lithium metal demand has been largely driven by the primary battery and aerospace alloy markets.
“The demand growth that we are seeing today is driven by next-generation, rechargeable lithium metal batteries, and the requirements for these applications are much more strict.”
In its report, Benchmark further notes that global lithium metal production capacity was more than 7,500 tonnes per year in 2023, but less than half of it was battery grade.
With that in mind, remember that China utterly dominates the lithium supply chain and there are big question marks over that when it comes to the quality of lithium needed in bulk for next-gen lithium batteries, such as solid-state models.
McNulty added:
“The question that hangs over that Chinese capacity is whether it can deliver for the requirements of next generation battery technologies.”
Meeting the requirements for evolving lithium battery tech will be no easy feat, suggests Benchmark.
If solid-state batteries are indeed the way forward for EVs, then this will place further demand on high-grade lithium. And who are go-to countries for the high-grade, hard rock stuff? Canada and very much Australia.
#Chinese solid-state #battery producers rally after IM Motors launched “first mass-produced car with ultra-fast-charging solid-state battery”https://t.co/haGgRmRhhd pic.twitter.com/21vyr2J6Yf
— YUAN TALKS (@YuanTalks) April 9, 2024
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 5pm April 10.)
Stocks missing from this list? Email [email protected]
Code Company Price % Week % Month % Year Market Cap PVW PVW Res Ltd 0.025 -7% -7% -67% $2,535,119 A8G Australasian Metals 0.063 -2% -11% -63% $3,335,712 INF Infinity Lithium 0.066 2% -13% -51% $30,531,078 LPI Lithium Pwr Int Ltd 0 -100% -100% -100% $361,898,974 PSC Prospect Res Ltd 0.13 63% 78% -13% $40,309,881 PAM Pan Asia Metals 0.16 0% 0% -50% $26,850,684 CXO Core Lithium 0.155 0% -26% -82% $331,225,009 LOT Lotus Resources Ltd 0.42 1% 6% 110% $769,110,765 AGY Argosy Minerals Ltd 0.14 8% -10% -65% $196,617,050 AZS Azure Minerals 3.46 -4% -4% 714% $1,582,444,534 NWC New World Resources 0.045 5% 22% -6% $104,350,634 QXR Qx Resources Limited 0.016 -6% -16% -56% $17,761,246 GSR Greenstone Resources 0.009 13% 29% -59% $12,313,021 CAE Cannindah Resources 0.055 -8% -19% -69% $30,060,158 AZL Arizona Lithium Ltd 0.027 13% 13% -45% $96,043,638 RIL Redivium Limited 0.003 0% 0% -75% $10,923,419 COB Cobalt Blue Ltd 0.15 -6% -3% -59% $56,739,503 ESS Essential Metals Ltd 0 -100% -100% -100% $135,278,382 LPD Lepidico Ltd 0.004 5% -30% -65% $30,553,232 MRD Mount Ridley Mines 0.002 0% 33% -43% $11,677,324 CZN Corazon Ltd 0.01 0% 0% -33% $6,463,778 LKE Lake Resources 0.063 -5% -45% -86% $103,176,271 DEV Devex Resources Ltd 0.305 3% -5% 11% $127,945,295 INR Ioneer Ltd 0.2 25% 33% -31% $432,962,490 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.034 -3% -8% -21% $21,551,597 RLC Reedy Lagoon Corp. 0.004 0% 0% -48% $2,478,163 GBR Greatbould Resources 0.062 5% -3% -31% $37,233,594 FRS Forrestaniaresources 0.029 107% 45% -67% $2,265,000 STK Strickland Metals 0.12 9% 40% 233% $199,534,010 MLX Metals X Limited 0.45 22% 23% 67% $408,269,730 CLA Celsius Resource Ltd 0.014 0% 8% -13% $31,444,723 FGR First Graphene Ltd 0.06 7% 3% -25% $40,873,607 HXG Hexagon Energy 0.021 -13% 24% 75% $11,284,150 TLG Talga Group Ltd 0.74 5% -15% -57% $277,220,546 MNS Magnis Energy Tech 0.042 0% 0% -82% $50,378,922 OZL OZ Minerals 0 -100% -100% -100% $8,918,404,433 PLL Piedmont Lithium Inc 0.21 11% 0% -73% $76,766,500 EUR European Lithium Ltd 0.063 -3% -9% -11% $90,827,410 BKT Black Rock Mining 0.066 2% 2% -56% $81,335,706 QEM QEM Limited 0.16 3% 0% -16% $24,979,632 LYC Lynas Rare Earths 5.96 5% -1% -2% $5,570,920,383 ESR Estrella Res Ltd 0.005 -17% 43% -58% $8,796,859 ARL Ardea Resources Ltd 0.71 6% 30% 61% $139,882,010 GLN Galan Lithium Ltd 0.39 -7% -5% -62% $151,256,718 JLL Jindalee Lithium Ltd 0.65 -4% -16% -72% $42,343,082 VUL Vulcan Energy 2.86 4% 7% -50% $433,623,980 SBR Sabre Resources 0.019 6% 6% -22% $7,485,239 CHN Chalice Mining Ltd 1.42 31% 10% -81% $486,204,130 VRC Volt Resources Ltd 0.006 20% 20% -45% $20,650,533 NMT Neometals Ltd 0.135 0% -16% -78% $80,965,341 AXN Alliance Nickel Ltd 0.034 0% -8% -66% $27,581,905 PNN Power Minerals Ltd 0.155 7% -26% -64% $13,543,296 IGO IGO Limited 7.5 5% -4% -39% $5,770,380,735 GED Golden Deeps 0.045 -8% 7% -44% $5,198,506 ADV Ardiden Ltd 0.165 3% 14% -52% $9,690,213 SRI Sipa Resources Ltd 0.019 12% 12% -27% $4,335,005 NTU Northern Min Ltd 0.032 3% 10% -18% $189,151,336 AXE Archer Materials 0.53 2% 36% 33% $128,697,742 PGM Platina Resources 0.025 25% 4% 14% $13,086,787 AAJ Aruma Resources Ltd 0.02 11% 11% -72% $3,937,830 IXR Ionic Rare Earths 0.017 -6% -11% -26% $75,593,657 NIC Nickel Industries 0.875 5% 6% 4% $3,771,512,694 EVG Evion Group NL 0.027 23% 23% -56% $8,303,020 CWX Carawine Resources 0.11 2% -12% 20% $25,973,799 PLS Pilbara Min Ltd 3.92 4% -2% 9% $11,646,640,947 HAS Hastings Tech Met 0.37 -5% -33% -83% $48,934,961 BUX Buxton Resources Ltd 0.11 5% -12% -45% $19,923,393 ARR American Rare Earths 0.285 27% 0% 33% $133,224,291 SGQ St George Min Ltd 0.018 0% -14% -66% $18,287,998 TKL Traka Resources 0.0015 -25% 0% -68% $3,501,317 PAN Panoramic Resources 0.035 0% 0% -75% $103,937,992 PRL Province Resources 0.041 0% 0% 0% $48,441,219 IPT Impact Minerals 0.014 -7% 0% 40% $40,105,854 LIT Lithium Australia 0.03 3% 11% -9% $36,668,750 AKE Allkem Limited 0 -100% -100% -100% $6,304,350,967 ARN Aldoro Resources 0.075 4% -9% -58% $10,096,781 JRV Jervois Global Ltd 0.023 -8% -4% -66% $62,157,976 MCR Mincor Resources NL 0 -100% -100% -100% $751,215,521 SYR Syrah Resources 0.545 4% -19% -64% $434,339,082 FBM Future Battery 0.053 -7% -21% -29% $34,486,932 ADD Adavale Resource Ltd 0.005 -17% 0% -73% $5,079,898 LTR Liontown Resources 1.35 17% 4% -48% $3,139,725,587 CTM Centaurus Metals Ltd 0.33 6% 22% -63% $168,299,095 VML Vital Metals Limited 0.005 25% 0% -69% $35,370,402 BSX Blackstone Ltd 0.064 5% -3% -62% $31,450,267 POS Poseidon Nick Ltd 0.0065 8% -7% -82% $25,994,743 CHR Charger Metals 0.105 5% -5% -66% $7,742,025 AVL Aust Vanadium Ltd 0.015 -6% 0% -62% $146,378,554 AUZ Australian Mines Ltd 0.012 20% -25% -57% $14,393,631 TMT Technology Metals 0 -100% -100% -100% $67,134,856 RXL Rox Resources 0.22 19% 38% -41% $83,104,709 RNU Renascor Res Ltd 0.088 10% 2% -63% $203,152,600 GL1 Globallith 0.505 2% -19% -64% $127,529,997 BRB Breaker Res NL 0 -100% -100% -100% $158,126,031 ASN Anson Resources Ltd 0.105 -5% -5% -36% $135,106,462 SYA Sayona Mining Ltd 0.04 5% -2% -79% $401,438,545 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.18 9% -3% 3% $81,725,727 ATM Aneka Tambang 1.1 0% 0% 0% $1,434,014 TVN Tivan Limited 0.052 2% -13% -38% $91,926,087 ALY Alchemy Resource Ltd 0.007 -13% -13% -56% $8,246,534 GAL Galileo Mining Ltd 0.245 -11% -4% -67% $49,406,232 BHP BHP Group Limited 45.46 1% 3% 1% $228,878,185,771 LEL Lithenergy 0.54 13% -8% -12% $58,320,847 MMC Mitremining 0.52 8% 70% 79% $48,149,054 RMX Red Mount Min Ltd 0.0015 -14% -14% -57% $5,347,152 GW1 Greenwing Resources 0.067 0% -3% -65% $11,962,598 AQD Ausquest Limited 0.011 0% 0% -35% $9,076,641 LML Lincoln Minerals 0.007 17% 8% -56% $11,928,317 1MC Morella Corporation 0.003 -25% -14% -67% $24,715,198 REE Rarex Limited 0.016 0% -16% -71% $11,617,572 MRC Mineral Commodities 0.023 0% -4% -57% $22,642,870 PUR Pursuit Minerals 0.005 0% 0% -69% $14,719,857 QPM Queensland Pacific 0.038 -3% -10% -72% $76,476,532 EMH European Metals Hldg 0.3 11% 3% -48% $32,753,496 BMM Balkanminingandmin 0.056 -10% -19% -76% $4,404,512 PEK Peak Rare Earths Ltd 0.19 -3% -12% -60% $53,188,352 LEG Legend Mining 0.013 0% -13% -75% $43,567,158 MOH Moho Resources 0.006 0% 0% -63% $3,235,069 AML Aeon Metals Ltd. 0.005 -17% -17% -78% $6,030,203 G88 Golden Mile Res Ltd 0.013 8% 8% -35% $5,757,120 WKT Walkabout Resources 0.13 8% 18% 24% $77,195,067 TON Triton Min Ltd 0.013 -7% -13% -65% $20,298,105 AR3 Austrare 0.125 4% 14% -50% $17,931,017 ARU Arafura Rare Earths 0.195 -3% 26% -59% $450,508,927 MIN Mineral Resources. 71.61 2% 7% -6% $13,916,765,425 VMC Venus Metals Cor Ltd 0.1 8% 10% -9% $18,972,868 S2R S2 Resources 0.13 -7% -16% -4% $63,400,119 CNJ Conico Ltd 0.0015 0% -50% -83% $1,805,095 VR8 Vanadium Resources 0.046 5% 18% -46% $25,213,509 PVT Pivotal Metals Ltd 0.022 0% 57% -37% $15,490,602 BOA Boadicea Resources 0.03 30% 15% -64% $4,193,997 IPX Iperionx Limited 2.29 1% 1% 186% $519,130,189 SLZ Sultan Resources Ltd 0.011 0% -58% -71% $2,371,038 NKL Nickelxltd 0.026 -4% -30% -61% $2,283,194 NVA Nova Minerals Ltd 0.255 2% -9% -45% $55,885,866 MLS Metals Australia 0.022 -8% -12% -45% $15,562,130 MQR Marquee Resource Ltd 0.015 -12% -25% -21% $6,614,150 MRR Minrex Resources Ltd 0.013 -7% 0% -28% $13,560,844 EVR Ev Resources Ltd 0.01 11% -9% -38% $11,891,443 EFE Eastern Resources 0.009 29% 29% -22% $9,935,572 CNB Carnaby Resource Ltd 0.635 7% 43% -51% $105,035,887 BNR Bulletin Res Ltd 0.048 -31% -31% -45% $14,387,053 AX8 Accelerate Resources 0.039 0% 34% 50% $24,398,853 AM7 Arcadia Minerals 0.095 12% 36% -49% $10,250,709 AS2 Askarimetalslimited 0.05 -4% -42% -88% $5,079,926 BYH Bryah Resources Ltd 0.009 -10% 13% -64% $4,354,535 DTM Dart Mining NL 0.04 3% 186% -40% $8,648,026 EMS Eastern Metals 0.034 17% 26% -44% $2,802,492 FG1 Flynngold 0.051 19% 39% -39% $7,550,482 GSM Golden State Mining 0.012 0% 9% -65% $3,352,448 IMI Infinitymining 0.06 -12% -15% -65% $7,125,203 LRV Larvottoresources 0.091 5% 40% -33% $20,348,660 LSR Lodestar Minerals 0.002 33% 0% -60% $4,046,795 RAG Ragnar Metals Ltd 0.019 -5% -5% 17% $8,531,657 CTN Catalina Resources 0.003 -25% -40% -40% $3,715,461 TMB Tambourahmetals 0.072 -4% -14% -15% $6,054,646 TEM Tempest Minerals 0.01 11% 25% -47% $4,672,120 EMC Everest Metals Corp 0.11 33% 41% 53% $16,428,311 WML Woomera Mining Ltd 0.005 0% 25% -50% $5,481,625 KZR Kalamazoo Resources 0.1 4% 4% -38% $17,130,747 LMG Latrobe Magnesium 0.051 2% 2% -28% $102,622,171 KOR Korab Resources 0.008 -20% 33% -56% $2,936,400 CMX Chemxmaterials 0.044 -12% -27% -60% $5,187,631 NC1 Nicoresourceslimited 0.145 4% -17% -71% $15,323,081 GRE Greentechmetals 0.25 6% -4% 187% $21,600,794 CMO Cosmometalslimited 0.042 11% 5% -66% $5,308,567 FRB Firebird Metals 0.12 -4% 4% -20% $17,083,368 S32 South32 Limited 3.33 10% 11% -21% $14,720,090,346 OMH OM Holdings Limited 0.455 6% 11% -40% $337,152,992 JMS Jupiter Mines. 0.255 19% 50% 13% $460,483,750 E25 Element 25 Ltd 0.235 18% 24% -66% $56,557,887 EMN Euromanganese 0.092 6% 8% -59% $18,773,391 KGD Kula Gold Limited 0.009 29% 13% -44% $4,378,157 LRS Latin Resources Ltd 0.2 14% -5% 90% $489,898,406 CRR Critical Resources 0.014 0% -15% -65% $24,889,904 ENT Enterprise Metals 0.002 -33% -33% -78% $1,603,942 SCN Scorpion Minerals 0.025 -4% -22% -60% $10,645,861 GCM Green Critical Min 0.004 0% -20% -73% $4,546,340 ENV Enova Mining Limited 0.018 -18% -56% 64% $11,638,132 RBX Resource B 0.039 -9% -5% -71% $3,224,695 AKN Auking Mining Ltd 0.02 -9% -9% -68% $4,707,074 RR1 Reach Resources Ltd 0.003 0% 31% -18% $9,836,169 EMT Emetals Limited 0.005 -17% 0% -38% $4,250,000 PNT Panthermetalsltd 0.033 10% -13% -69% $2,876,483 WIN Widgienickellimited 0.052 0% 2% -83% $14,301,363 WMG Western Mines 0.15 -3% -9% -63% $11,637,893 AVW Avira Resources Ltd 0.001 0% 0% -50% $2,133,790 CAI Calidus Resources 0.135 13% -7% -41% $98,924,051 GT1 Greentechnology 0.13 0% -30% -80% $41,827,773 KAI Kairos Minerals Ltd 0.013 0% 0% -29% $32,761,402 MTM MTM Critical Metals 0.055 -11% -31% -48% $14,898,663 NWM Norwest Minerals 0.044 47% 38% 2% $12,419,824 PGD Peregrine Gold 0.225 2% 2% -42% $16,290,821 RAS Ragusa Minerals Ltd 0.023 -12% -26% -77% $3,422,371 RGL Riversgold 0.007 0% -13% -53% $7,741,292 SRZ Stellar Resources 0.016 23% 23% 60% $20,107,963 STM Sunstone Metals Ltd 0.016 7% 45% -50% $56,010,425 ZNC Zenith Minerals Ltd 0.098 7% 9% -35% $34,885,707 WC8 Wildcat Resources 0.635 -2% -12% 2017% $778,233,972 ASO Aston Minerals Ltd 0.012 -14% -25% -89% $15,540,771 THR Thor Energy PLC 0.022 0% -12% -45% $4,038,185 YAR Yari Minerals Ltd 0.005 -17% -17% -72% $2,894,147 IG6 Internationalgraphit 0.16 -6% 52% -27% $13,793,157 LPM Lithium Plus 0.14 -7% -22% -46% $11,178,466 ODE Odessa Minerals Ltd 0.005 0% -17% -38% $5,216,413 KOB Kobaresourceslimited 0.099 -10% -10% -27% $12,780,833 AZI Altamin Limited 0.05 0% -9% -31% $21,503,603 FTL Firetail Resources 0.04 0% -31% -60% $5,956,222 LNR Lanthanein Resources 0.003 0% 0% -83% $5,864,727 CLZ Classic Min Ltd 0.01 -20% -80% -80% $2,835,935 NVX Novonix Limited 1.1 22% 18% -1% $491,313,980 OCN Oceanalithiumlimited 0.052 -9% -16% -85% $2,811,978 SUM Summitminerals 0.068 8% 1% -48% $3,193,028 DVP Develop Global Ltd 2.27 -4% -9% -29% $528,984,807 OD6 Od6Metalsltd 0.07 -3% -25% -77% $5,710,669 HRE Heavy Rare Earths 0.035 -5% -19% -65% $2,117,078 LIN Lindian Resources 0.145 21% 7% -45% $143,990,280 PEK Peak Rare Earths Ltd 0.19 -3% -12% -60% $53,188,352 ILU Iluka Resources 7.25 0% 4% -35% $3,085,404,356 ASM Ausstratmaterials 1.45 6% 53% 19% $232,674,815 ETM Energy Transition 0.037 -5% 9% -16% $51,802,213 VMS Venture Minerals 0.023 5% 0% 35% $47,600,274 IDA Indiana Resources 0.078 1% 0% 63% $47,534,954 VTM Victory Metals Ltd 0.27 8% -2% 20% $21,977,907 M2R Miramar 0.013 -28% -13% -69% $1,935,304 WCN White Cliff Min Ltd 0.017 21% 6% 143% $24,365,811 TAR Taruga Minerals 0.006 -14% -14% -63% $4,236,161 ABX ABX Group Limited 0.0665 19% 2% -37% $15,002,419 MEK Meeka Metals Limited 0.035 -5% -3% -27% $45,684,230 RR1 Reach Resources Ltd 0.003 0% 31% -18% $9,836,169 DRE Dreadnought Resources Ltd 0.019 6% -10% -72% $59,722,240 KFM Kingfisher Mining 0.078 -7% -5% -65% $4,189,770 AOA Ausmon Resorces 0.0025 25% -17% -38% $2,647,498 WC1 Westcobarmetals 0.047 -8% 7% -53% $5,748,116 GRL Godolphin Resources 0.033 -8% 3% -49% $5,584,987 DM1 Desert Metals 0.023 -26% -18% -79% $6,370,217 PTR Petratherm Ltd 0.024 0% 26% -64% $4,944,525 ITM Itech Minerals Ltd 0.075 -3% -10% -69% $9,048,984 KTA Krakatoa Resources 0.008 0% -27% -71% $3,776,858 M24 Mamba Exploration 0.027 8% -4% -75% $4,970,221 LNR Lanthanein Resources 0.003 0% 0% -83% $5,864,727 TKM Trek Metals Ltd 0.049 40% 26% -29% $22,592,806 BCA Black Canyon Limited 0.099 -10% -6% -59% $7,715,561 CDT Castle Minerals 0.006 0% 0% -68% $7,346,958 DLI Delta Lithium 0.3 7% -6% -13% $199,754,000 A11 Atlantic Lithium 0.375 3% -1% -28% $243,625,895 KNI Kunikolimited 0.29 18% 29% -39% $23,393,952 CY5 Cygnus Metals Ltd 0.063 29% 11% -75% $16,618,871 WR1 Winsome Resources 1.26 43% 40% -10% $234,665,613 LLI Loyal Lithium Ltd 0.3 -2% 15% -6% $25,850,069 BC8 Black Cat Syndicate 0.25 6% 0% -45% $79,982,093 BUR Burleyminerals 0.051 -27% -9% -78% $6,153,509 PBL Parabellumresources 0.056 -7% -10% -84% $3,488,800 L1M Lightning Minerals 0.07 -3% -3% -55% $3,378,005 WA1 Wa1Resourcesltd 14.99 19% 16% 886% $901,644,551 EV1 Evolutionenergy 0.0865 -10% -8% -64% $22,725,891 1AE Auroraenergymetals 0.098 -7% -22% -11% $17,114,745 RVT Richmond Vanadium 0.315 -3% 3% -21% $29,310,654 PMT Patriotbatterymetals 0.85 -2% -7% -38% $507,022,829 PAT Patriot Lithium 0.099 15% 36% -63% $6,404,776 BM8 Battery Age Minerals 0.097 -3% -31% -74% $8,258,429 OM1 Omnia Metals Group 0.078 0% 0% -66% $4,408,998 VHM Vhmlimited 0.52 4% -3% -35% $80,036,385 LLL Leolithiumlimited 0.505 0% 0% 7% $498,553,663 SRN Surefire Rescs NL 0.01 11% -23% -55% $19,863,078 SRL Sunrise 0.9 50% 131% -47% $66,768,349 SYR Syrah Resources 0.545 4% -19% -64% $434,339,082 EG1 Evergreenlithium 0.091 -13% -21% -64% $5,341,850 WSR Westar Resources 0.014 27% 8% -52% $2,595,005 LU7 Lithium Universe Ltd 0.02 11% -9% -33% $7,381,916 MEI Meteoric Resources 0.24 9% 12% 109% $477,628,763 REC Rechargemetals 0.045 -10% -29% -67% $6,286,049 SLM Solismineralsltd 0.115 10% -4% 10% $8,533,057 DYM Dynamicmetalslimited 0.18 -5% -10% -5% $6,480,000 TOR Torque Met 0.145 21% -6% 26% $26,375,453 ICL Iceni Gold 0.026 18% 4% -61% $6,410,587 TMX Terrain Minerals 0.004 0% 0% -27% $5,726,683 MHC Manhattan Corp Ltd 0.003 20% 20% -40% $8,810,939 MHK Metalhawk. 0.062 -11% -6% -38% $6,342,210 ANX Anax Metals Ltd 0.029 7% 45% -59% $13,289,975 FIN FIN Resources Ltd 0.017 6% -11% 0% $9,739,031 LM1 Leeuwin Metals Ltd 0.07 1% -13% -72% $3,279,617 HAW Hawthorn Resources 0.071 1% -8% 1% $25,126,171 LCY Legacy Iron Ore 0.015 0% -6% -12% $107,989,676 RON Roninresourcesltd 0.11 -12% 5% -15% $4,050,751 ASR Asra Minerals Ltd 0.008 14% 60% -20% $11,647,970 PFE Panteraminerals 0.04 5% -22% -56% $10,419,283 KM1 Kalimetalslimited 0.42 -1% -8% 0% $32,063,680 LTM Arcadium Lithium PLC 6.62 4% -13% 0% $2,587,248,820
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