High Voltage: Trump's 721pc tariffs could see price spike for graphite
Argonaut Research says prices could lift to US$36/kg
Renascor Resources says near-term producers set to benefit
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
The US/China tariff trade war has highlighted the need for Western countries to shore up domestic supply chains, particularly around minerals critical to defence and tech applications like graphite.
Graphite is crucial in lithium-ion batteries, acting as the anode material. In fact, there's more graphite in a lithium-ion battery than there is lithium.
China has a stranglehold on global graphite supply, with 98% of graphite anode material (both natural and synthetic) coming from China.
And the US Department of Commerce (DoC) has recently decided to impose countervailing duty (CVD) tariffs of up to 721% on synthetic and natural graphite anode material imported from China.
It's a preliminary determination, with the final determinations and potential implementation not expected until December this year, but Argonaut Research analyst Jon Scholtz said in a recent note that we could see a jump in prices as a result.
' anode material price US$4-7/kg,' he said.
'So, at US$5/kg and 50kg of graphite anode, this is US$250 worth of graphite in each EV (0.5% of average EV selling price).
'The tariff could lift prices to ~US$36/kg which is ~US$1800 per EV (3.6% of average EV selling price).'
Quickest project to production wins
It's not all doom and gloom, however. The tariff/trade war could present opportunities for ASX stocks with a near-term development projects.
Scholtz pointed to Syrah Resources' (ASX:SYR) 11,250tpa Vidalia active anode materials plant, which is ramping up in the US and has the potential for expansion to 45,000tpa (targeted by 2028) and long term aspirations of >100ktpa. Syrah investors breathed a sigh of relief this week, when the firm allayed concerns an as yet unmet deadline for qualification by key customer Tesla had been put back from May 31 this year to February 9, 2026.
There's also Novonix (ASX:NVX) with its Riverside facility in Chattanooga, Tennessee, which is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. The project is targeting a 3000tpa start-up this year, growing to to 15-20,000tpa by 2030, with long term aspirations of capacity around 150,000tpa.
NVX CEO Michael O'Kronley welcomed the DoC decision. 'This decision is an important step in supporting the United States' goal of developing critical mineral supply domestically for increased energy independence,' he said in recent statement.
Renascor Resources (ASX:RNU) is another player with a stake in the game, with MD David Christensen noting there are opportunities in the sector if a project can get into production quickly.
While not based in the United States itself, the potential tariffs against Chinese exporters could open a window of opportunity to access the US market from its Siviour project in South Australia, the most advanced graphite development in Oz.
'This threatens to change the status quo in the graphite and anode sectors, which have seen China achieve market dominance over the last several years,' he said.
'In particular, it favours the most competitive ex-China projects and those that can quickly move into production.'
Sivious is expected to be one of the world's lowest cost projects, with costs of US$405/t of graphite concentrate in the first 10 years.
Currently, RNU is advancing optimisation studies and is also looking to commission a purified spherical graphite (PSG) demonstration plant later this year.
'From a practical perspective, we expect the impact on the anode market to be a greater advantage for established suppliers who have either underutilised capacity or can quickly bring new capacity online,' Christensen said.
'These groups have already made large capital commitments, so have greater ability to fill ex-China demand.
'We've already seen some significant announcements out of South Korea and Japan from incumbent anode producers.
'We are also seeing tier 1 Chinese anode producers establish production ex-China.'
Other Aussie graphite companies could be poised to benefit if demand from American and European customers who want to excise their operations from Chinese supply chains – subject to dumping accusations – spurs interest in developing new projects in the West.
Kingsland Minerals (ASX:KNG) is among those with its Leliyn project in the Northern Territory, which with an inferred resource of 180.2Mt at 7.2% total graphitic content and indicated resource of 12.3Mt at 7.9% TGC, holds the largest in situ graphite resource in Australia.
An even larger exploration target extends beyond that of 700-1.1Bt at 7-8% TGC, with a recently commissioned scoping study led by GR Engineering Services (ASX:GNG) to focus on just a fraction of the project's massive 12km strike zone.
"This is a crucial step in the development of the Leliyn Graphite Project," Kingsland MD Richard Maddocks said on the commissioning of the study earlier this month.
"We are very pleased to be working with GR Engineering Services to assess the potential of this project. GRES has considerable global experience in the delivery of scoping and feasibility studies and the design and construction of processing facilities.
"They also have particular expertise in the design of graphite processing infrastructure."
Other Aussie graphite proponents include iTech Minerals (ASX:ITM), which boasts the Lacroma, Sugarloaf and Campoona deposits north of Siviour on South Australia's Eyre Peninsula.
It boasts a global mineral resource of 35.2Mt at 6% TGC, with test work already showing the project can produce a 94% graphite concentrate with material suitable for the key battery market.
Over in WA a number of players are looking to potentially commercialise graphite resources including Buxton Resources (ASX:BUX), which owns the 20.7Mt at 10.8% TGC Graphite Bull project, International Graphite (ASX:IG6), which owns the Springdale deposit and proposed Collie plant, and Green Critical Minerals (ASX:GCM), which last year said it had completed a stage 3 earn in that would give the firm 80% of the 1.1Mt McIntosh project.
GCM has caught market interest this year thanks to its acquisition of the breakthrough very high density graphite block tech.
Battery Metals Winners and Losers
Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>
Code Company Price % Week % Month % Six Month % Year Market Cap
NWC New World Resources 0.047 68% 88% 135% 18% $166,440,241
YAR Yari Minerals Ltd 0.01 67% 150% 233% 150% $4,437,692
RIL Redivium Limited 0.004 60% 0% 0% 33% $13,609,422
CTN Catalina Resources 0.003 50% 50% 7% 7% $7,278,057
OB1 Orbminco Limited 0.0015 50% 50% -10% -55% $3,596,352
LLI Loyal Lithium Ltd 0.13 48% 88% 18% -46% $13,095,298
TKL Traka Resources 0.002 33% 0% 33% 33% $4,251,580
OM1 Omnia Metals Group 0.013 30% 30% -83% -83% $3,039,284
SLM Solismineralsltd 0.1 30% 19% 11% -5% $12,980,463
COB Cobalt Blue Ltd 0.07 27% 11% 3% -24% $24,688,556
HRE Heavy Rare Earths 0.038 27% 90% 0% 10% $7,489,220
STK Strickland Metals 0.1325 26% 38% 74% 20% $294,106,774
CNB Carnaby Resource Ltd 0.35 25% 27% -13% -54% $84,503,878
FRS Forrestaniaresources 0.085 23% 107% 507% 85% $26,392,489
BCA Black Canyon Limited 0.061 22% 2% 5% -49% $7,908,692
KM1 Kalimetalslimited 0.1 22% 11% -17% -75% $7,696,094
OD6 Od6Metalsltd 0.034 21% 48% 10% -46% $5,455,910
ODE Odessa Minerals Ltd 0.006 20% 0% -14% 50% $11,196,728
EV1 Evolutionenergy 0.012 20% 0% -57% -81% $3,989,155
DEV Devex Resources Ltd 0.095 19% 10% -17% -78% $41,518,923
MTM MTM Critical Metals 0.34 17% 51% 400% 656% $160,537,274
LSR Lodestar Minerals 0.007 17% -59% -65% -78% $1,910,543
EFE Eastern Resources 0.029 16% 12% -9% -52% $3,404,429
FG1 Flynngold 0.029 16% 32% 0% -3% $12,130,811
GW1 Greenwing Resources 0.03 15% 0% -27% -58% $8,234,997
GCM Green Critical Min 0.015 15% 36% 150% 400% $29,447,674
BKT Black Rock Mining 0.031 15% 55% -21% -50% $47,022,076
PVT Pivotal Metals Ltd 0.008 14% 14% 0% -64% $7,257,807
TKM Trek Metals Ltd 0.065 14% 3% 225% 55% $38,723,709
LOT Lotus Resources Ltd 0.1875 14% 14% -20% -58% $485,793,226
REC Rechargemetals 0.017 13% 21% -37% -56% $4,368,829
AXN Alliance Nickel Ltd 0.035 13% 0% -17% -27% $25,404,387
IMI Infinitymining 0.009 13% -25% -36% -80% $3,384,126
TAR Taruga Minerals 0.009 13% -10% -10% 13% $6,423,787
QPM QPM Energy Limited 0.038 12% 0% -10% -3% $98,486,311
A8G Australasian Metals 0.077 12% 10% 0% -21% $4,457,509
AZI Altamin Limited 0.029 12% 21% 4% -18% $15,511,578
GRL Godolphin Resources 0.01 11% 0% -29% -64% $4,488,733
MEI Meteoric Resources 0.11 11% 5% 18% -44% $245,370,592
AXE Archer Materials 0.31 11% 22% 2% -26% $75,179,869
AQD Ausquest Limited 0.054 10% 8% 391% 249% $77,723,998
ASO Aston Minerals Ltd 0.022 10% 16% 144% 38% $29,786,478
THR Thor Energy PLC 0.011 10% 0% -15% -35% $7,818,688
PBL Parabellumresources 0.045 10% -10% -10% 5% $2,803,500
VMC Venus Metals Cor Ltd 0.115 10% 5% 64% 25% $23,045,120
QEM QEM Limited 0.059 9% 20% 48% -60% $10,305,019
NWM Norwest Minerals 0.012 9% 0% -26% -62% $9,952,225
AR3 Austrare 0.062 9% -44% -34% -43% $13,567,191
WA1 Wa1Resourcesltd 13.275 8% 10% -16% -34% $897,234,032
JMS Jupiter Mines. 0.2 8% 33% 38% -39% $372,597,935
ZNC Zenith Minerals Ltd 0.043 8% -10% 2% -38% $17,519,981
OCN Oceanalithiumlimited 0.058 7% 115% 123% 43% $7,974,790
SRL Sunrise 0.445 7% -25% 85% -20% $40,602,374
STM Sunstone Metals Ltd 0.015 7% 25% 114% 25% $93,576,601
CY5 Cygnus Metals Ltd 0.075 7% -21% -40% -1% $63,834,875
GBR Greatbould Resources 0.066 6% -12% 57% 10% $50,955,703
LIN Lindian Resources 0.13 6% 18% 33% 8% $155,678,252
FBM Future Battery 0.0175 6% -3% -8% -56% $12,038,507
A11 Atlantic Lithium 0.1375 6% -2% -38% -69% $95,307,756
GED Golden Deeps 0.019 6% 0% -30% -54% $3,365,388
LIT Livium Ltd 0.0095 6% 19% -47% -63% $16,905,071
BOA BOA Resources Ltd 0.019 6% 6% -14% -17% $2,220,351
CTM Centaurus Metals Ltd 0.385 5% -1% -10% -25% $181,295,943
PLL Piedmont Lithium Inc 0.1 5% -20% -44% -53% $60,320,207
DM1 Desert Metals 0.02 5% 5% -17% -9% $8,403,445
NVX Novonix Limited 0.4525 5% 3% -34% -39% $289,418,875
PGM Platina Resources 0.021 5% 0% 11% -25% $12,463,607
BUX Buxton Resources Ltd 0.044 5% 38% -10% -56% $12,010,916
ICL Iceni Gold 0.066 5% 0% 22% 0% $20,386,442
LPM Lithium Plus 0.068 5% 10% -32% -30% $9,033,120
GT1 Greentechnology 0.024 4% -17% -61% -75% $11,404,081
TOR Torque Met 0.12 4% 26% 173% -43% $32,359,671
HAW Hawthorn Resources 0.05 4% 14% 4% -29% $16,750,781
ARR American Rare Earths 0.26 4% -5% -2% -4% $134,467,174
NIC Nickel Industries 0.685 4% 32% -23% -29% $2,907,757,036
PSC Prospect Res Ltd 0.14 4% -5% 40% -32% $94,975,325
MEK Meeka Metals Limited 0.14 4% -3% 94% 289% $352,163,724
RVT Richmond Vanadium 0.14 4% -13% -46% -49% $29,573,789
ADV Ardiden Ltd 0.15 3% 3% 15% 0% $9,377,626
WR1 Winsome Resources 0.15 3% -17% -66% -88% $36,584,018
PTR Petratherm Ltd 0.31 3% 29% 88% 1309% $93,315,988
S2R S2 Resources 0.094 3% -15% 34% -22% $43,474,367
SYA Sayona Mining Ltd 0.0165 3% -18% -48% -62% $184,692,736
ASM Ausstratmaterials 0.515 3% -28% 4% -48% $94,297,155
LYC Lynas Rare Earths 7.815 3% -9% 15% 16% $7,436,802,632
PUR Pursuit Minerals 0.041 3% -5% -67% -82% $4,089,092
WIN WIN Metals 0.0205 3% 3% -2% -43% $11,001,162
CHN Chalice Mining Ltd 1.1475 2% 7% -14% -36% $441,545,404
PMT Patriotbatterymetals 0.24 2% -8% -4% -73% $127,464,747
DVP Develop Global Ltd 3.78 2% 39% 96% 61% $1,023,459,567
IGO IGO Limited 4.145 2% 13% -14% -43% $3,104,798,033
FTL Firetail Resources 0.06 2% 0% -26% 31% $22,801,679
PAT Patriot Resourcesltd 0.065 2% -3% 48% -19% $8,090,750
CXO Core Lithium 0.091 1% 30% 1% -35% $192,871,399
ASL Andean Silver 0.935 1% -8% -6% 15% $146,865,723
HAS Hastings Tech Met 0.3175 1% -15% 2% 30% $61,853,659
IPX Iperionx Limited 3.58 0% 10% -18% 48% $1,222,386,668
LPD Lepidico Ltd 0.002 0% 0% 0% -33% $17,178,371
MRD Mount Ridley Mines 0.002 0% -20% -80% -87% $1,556,978
INR Ioneer Ltd 0.125 0% -7% -39% -40% $306,237,427
MAN Mandrake Res Ltd 0.018 0% -14% -25% -47% $11,290,679
RLC Reedy Lagoon Corp. 0.0015 0% -25% -25% -63% $1,165,060
CLA Celsius Resource Ltd 0.007 0% 0% -36% -22% $21,948,419
MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922
SBR Sabre Resources 0.008 0% 0% -27% -56% $3,550,157
SRI Sipa Resources Ltd 0.013 0% 8% 0% -19% $5,413,178
NTU Northern Min Ltd 0.027 0% -27% 35% -23% $225,643,207
CWX Carawine Resources 0.096 0% 2% -13% -4% $22,668,043
ARN Aldoro Resources 0.315 0% -39% 254% 314% $55,168,277
JRV Jervois Global Ltd 0.011 0% 0% 0% -27% $29,730,402
ADD Adavale Resource Ltd 0.002 0% 0% -20% -60% $4,574,558
ALY Alchemy Resource Ltd 0.006 0% 20% -14% -14% $7,068,458
LEL Lithenergy 0.37 0% 0% 0% -9% $41,440,581
RMX Red Mount Min Ltd 0.008 0% 0% -20% -20% $3,952,141
LML Lincoln Minerals 0.005 0% 0% -17% -29% $10,512,849
MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288
BMM Bayanminingandmin 0.029 0% -9% -42% -48% $2,985,707
LEG Legend Mining 0.008 0% 0% -27% -47% $23,291,817
G88 Golden Mile Res Ltd 0.014 0% 40% 40% 8% $7,619,470
WKT Walkabout Resources 0.095 0% 0% 0% -24% $63,769,838
CNJ Conico Ltd 0.007 0% 0% -30% -30% $1,662,411
VR8 Vanadium Resources 0.014 0% -18% -46% -76% $7,617,940
SLZ Sultan Resources Ltd 0.006 0% -14% -14% -45% $1,388,819
MLS Metals Australia 0.018 0% -14% -28% -18% $13,845,671
MQR Marquee Resource Ltd 0.008 0% -27% -38% -47% $4,466,420
EVR Ev Resources Ltd 0.005 0% 25% 67% -32% $9,929,183
AS2 Askarimetalslimited 0.008 0% -11% -38% -86% $3,233,365
EMS Eastern Metals 0.01 0% 0% -23% -73% $1,394,262
RAG Ragnar Metals Ltd 0.018 0% -10% -14% 13% $8,531,748
TEM Tempest Minerals 0.004 0% 0% -20% -53% $2,203,590
KOR Korab Resources 0.008 0% 0% 0% 14% $2,936,400
CMX Chemxmaterials 0.026 0% 0% -26% -46% $3,354,580
NC1 Nicoresourceslimited 0.073 0% -3% -25% -51% $8,008,142
CMO Cosmometalslimited 0.016 0% -14% 2% -51% $5,476,306
CRR Critical Resources 0.003 0% 0% -40% -73% $7,842,664
ENT Enterprise Metals 0.002 0% 0% -50% -60% $2,356,635
ENV Enova Mining Limited 0.008 0% 14% 23% -64% $12,014,757
RBX Resource B 0.028 0% -20% -33% -26% $3,225,166
AKN Auking Mining Ltd 0.007 0% -13% 40% -67% $3,448,673
EMT Emetals Limited 0.003 0% -25% -40% -40% $2,975,000
PNT Panthermetalsltd 0.013 0% 0% -24% -69% $3,911,759
RAS Ragusa Minerals Ltd 0.015 0% -29% 15% -21% $2,138,982
RGL Riversgold 0.004 0% 0% 33% -47% $6,734,850
CLZ Classic Min Ltd 0.001 0% 0% 0% -80% $1,544,026
XTC XTC Lithium Limited 0.2 0% 19900% 0% 19900% $17,528,272
M2R Miramar 0.003 0% -25% -40% -71% $2,990,470
KTA Krakatoa Resources 0.01 0% 11% 0% -41% $6,821,474
DLI Delta Lithium 0.185 0% 6% 0% -37% $136,142,940
KNI Kunikolimited 0.13 0% -24% -38% -42% $10,865,534
BUR Burleyminerals 0.046 0% -8% -19% -65% $8,333,696
L1M Lightning Minerals 0.06 0% 2% -22% -29% $6,199,699
1AE Auroraenergymetals 0.069 0% 50% 23% -22% $12,713,525
LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047
LU7 Lithium Universe Ltd 0.005 0% -17% -38% -70% $4,715,878
DYM Dynamicmetalslimited 0.3 0% -17% 50% 76% $13,743,615
TMX Terrain Minerals 0.003 0% 50% 0% 0% $6,745,670
ANX Anax Metals Ltd 0.008 0% 60% -20% -81% $7,062,461
FIN FIN Resources Ltd 0.006 0% 0% 20% -54% $4,169,331
LCY Legacy Iron Ore 0.009 0% 0% -18% -38% $87,858,383
ASR Asra Minerals Ltd 0.002 0% 0% -33% -71% $5,533,072
PFE Pantera Lithium 0.014 0% -13% -30% -70% $6,632,972
KNG Kingsland Minerals 0.105 0% -16% -36% -49% $7,618,896
ILU Iluka Resources 3.81 -1% -5% -31% -47% $1,628,419,181
BHP BHP Group Limited 38.29 -1% 2% -4% -15% $195,171,901,436
S32 South32 Limited 3.05 -1% 13% -18% -22% $13,841,052,714
CDT Castle Minerals 0.095 -1% 70% 27% -47% $10,788,890
E25 Element 25 Ltd 0.2225 -1% -3% -18% -16% $53,723,914
KZR Kalamazoo Resources 0.086 -1% 2% 4% -18% $18,867,842
ARL Ardea Resources Ltd 0.4 -1% -4% 14% -34% $84,165,166
BSX Blackstone Ltd 0.07 -1% 4% 150% 24% $48,040,053
ARU Arafura Rare Earths 0.1625 -2% -21% 35% -14% $406,614,234
LKE Lake Resources 0.0315 -2% -7% -28% -49% $55,897,643
PNN Power Minerals Ltd 0.059 -2% -18% -36% -58% $7,641,764
CHR Charger Metals 0.045 -2% 5% -37% -51% $3,096,810
WMG Western Mines 0.195 -3% 56% 3% -50% $18,070,669
SUM Summitminerals 0.039 -3% -17% -79% -81% $3,454,467
IDA Indiana Resources 0.077 -3% 1% 28% 81% $51,418,597
FLG Flagship Min Ltd 0.07 -3% 4% 13% -56% $14,251,595
PEK Peak Rare Earths Ltd 0.2575 -3% 96% 145% 13% $89,789,736
PEK Peak Rare Earths Ltd 0.2575 -3% 96% 145% 13% $89,789,736
NVA Nova Minerals Ltd 0.315 -3% -3% 37% 37% $103,359,173
MHK Metalhawk. 0.45 -3% 14% 55% 650% $56,563,792
EMC Everest Metals Corp 0.145 -3% -3% 16% 16% $32,499,032
TLG Talga Group Ltd 0.4 -4% -10% -15% -43% $178,408,813
MIN Mineral Resources. 22.66 -4% 25% -32% -70% $4,411,842,660
KAI Kairos Minerals Ltd 0.026 -4% 30% 73% 136% $71,034,629
LTR Liontown Resources 0.63 -4% 17% -15% -54% $1,468,618,583
ESR Estrella Res Ltd 0.0355 -4% 18% 122% 689% $67,714,577
NH3 Nh3Cleanenergyltd 0.023 -4% -8% 10% 21% $13,550,515
KFM Kingfisher Mining 0.046 -4% -4% -16% -28% $2,470,890
RXL Rox Resources 0.2825 -4% -17% 88% 77% $212,426,063
RNU Renascor Res Ltd 0.064 -4% -6% -2% -42% $165,302,508
LMG Latrobe Magnesium 0.0105 -5% -5% -58% -81% $27,579,195
PLS Pilbara Min Ltd 1.3025 -5% -10% -46% -67% $4,247,667,608
VUL Vulcan Energy 4.03 -5% -15% -43% -16% $900,759,755
TVN Tivan Limited 0.1 -5% -13% 92% 96% $211,951,587
INF Infinity Lithium 0.019 -5% -24% -34% -65% $9,451,842
AUZ Australian Mines Ltd 0.009 -5% -25% -18% 0% $13,285,865
1MC Morella Corporation 0.018 -5% -5% -38% -76% $6,897,131
REE Rarex Limited 0.018 -5% -40% 80% -10% $16,562,952
NMT Neometals Ltd 0.088 -5% 44% 0% -19% $67,709,407
MLX Metals X Limited 0.525 -5% -3% 31% 11% $474,219,473
AGY Argosy Minerals Ltd 0.017 -6% -6% -45% -87% $24,750,656
LRV Larvottoresources 0.6275 -6% -29% 14% 534% $252,905,917
FGR First Graphene Ltd 0.032 -6% -20% 10% -44% $21,715,593
EUR European Lithium Ltd 0.048 -6% -9% 45% -4% $72,259,073
GL1 Globallith 0.16 -6% -9% -20% -57% $43,185,800
SRZ Stellar Resources 0.016 -6% -6% -16% -27% $35,355,760
WC1 Westcobarmetals 0.016 -6% 23% 0% -70% $3,110,692
EMH European Metals Hldg 0.1975 -6% -12% 36% -49% $41,488,941
OMH OM Holdings Limited 0.31 -6% -6% -7% -38% $237,539,608
GRE Greentechmetals 0.046 -6% -6% -46% -79% $5,158,554
AX8 Accelerate Resources 0.0075 -6% 7% -17% -86% $4,783,132
VHM Vhmlimited 0.225 -6% -32% -42% -52% $56,733,739
WC8 Wildcat Resources 0.145 -6% -26% -40% -70% $194,962,424
BC8 Black Cat Syndicate 0.785 -7% -19% 9% 131% $572,963,607
ASN Anson Resources Ltd 0.0495 -7% -7% -23% -62% $69,336,827
M24 Mamba Exploration 0.014 -7% 8% 27% -33% $4,132,319
ABX ABX Group Limited 0.041 -7% -2% 3% -18% $10,288,257
GLN Galan Lithium Ltd 0.093 -7% -11% -26% -58% $88,808,766
KOB Kobaresourceslimited 0.039 -7% -9% -51% -76% $6,183,903
ETM Energy Transition 0.0455 -7% -34% 82% 38% $71,364,799
PGD Peregrine Gold 0.125 -7% -22% -14% -57% $11,030,206
AZL Arizona Lithium Ltd 0.006 -8% 0% -54% -74% $31,621,887
DRE Dreadnought Resources Ltd 0.012 -8% -20% -20% -29% $60,954,000
BM8 Battery Age Minerals 0.047 -8% -20% -48% -71% $5,972,699
ATM Aneka Tambang 0.9 -8% -5% 0% -17% $1,173,284
PVW PVW Res Ltd 0.011 -8% -21% -31% -59% $2,187,953
IPT Impact Minerals 0.0055 -8% 10% -47% -69% $23,731,980
GAL Galileo Mining Ltd 0.11 -8% -4% -4% -58% $20,750,617
MHC Manhattan Corp Ltd 0.022 -8% 29% -45% -34% $5,167,776
FRB Firebird Metals 0.073 -9% -18% -27% -59% $10,392,382
SYR Syrah Resources 0.305 -9% 24% 39% -36% $323,095,892
SYR Syrah Resources 0.305 -9% 24% 39% -36% $323,095,892
AAJ Aruma Resources Ltd 0.01 -9% 5% -33% -47% $2,775,727
AVL Aust Vanadium Ltd 0.01 -9% -9% -29% -38% $86,346,581
MRR Minrex Resources Ltd 0.01 -9% 25% 25% -9% $10,848,675
RR1 Reach Resources Ltd 0.01 -9% 11% 18% -23% $7,869,882
RR1 Reach Resources Ltd 0.01 -9% 11% 18% -23% $7,869,882
EG1 Evergreenlithium 0.03 -9% -33% -63% -67% $6,587,349
LM1 Leeuwin Metals Ltd 0.135 -10% -31% 85% 80% $13,608,862
VTM Victory Metals Ltd 0.92 -10% 90% 142% 268% $98,552,443
EVG Evion Group NL 0.017 -11% -6% -45% -29% $7,393,640
SGQ St George Min Ltd 0.024 -11% -4% -4% 20% $64,147,738
GSM Golden State Mining 0.008 -11% -11% 0% -27% $2,234,965
WSR Westar Resources 0.004 -11% -20% -50% -60% $1,594,899
ITM Itech Minerals Ltd 0.03 -12% -35% -55% -61% $5,295,897
QXR Qx Resources Limited 0.0035 -13% 17% -13% -68% $5,241,315
IXR Ionic Rare Earths 0.007 -13% -13% 0% -46% $36,871,980
AVW Avira Resources Ltd 0.007 -13% -13% -65% -65% $1,535,000
EGR Ecograf Limited 0.32 -14% 8% 300% 121% $145,322,182
JLL Jindalee Lithium Ltd 0.42 -14% 24% 83% -20% $33,046,086
SMX Strata Minerals 0.012 -14% -60% -43% -43% $2,938,226
IG6 Internationalgraphit 0.048 -14% 2% 0% -58% $9,484,358
AM7 Arcadia Minerals 0.017 -15% 6% -26% -76% $1,995,518
SCN Scorpion Minerals 0.017 -15% 0% 55% -15% $8,908,955
TMB Tambourahmetals 0.021 -16% -34% -25% -73% $2,586,981
CAE Cannindah Resources 0.031 -16% -47% -38% -43% $22,570,479
TON Triton Min Ltd 0.005 -17% -29% -38% -64% $7,841,944
WCN White Cliff Min Ltd 0.025 -17% 32% 56% 56% $58,084,654
RON Roninresourcesltd 0.165 -18% -8% -3% 27% $6,661,877
KGD Kula Gold Limited 0.0065 -19% -7% -2% -31% $5,988,149
BNR Bulletin Res Ltd 0.055 -19% -20% 38% 15% $18,204,026
VRC Volt Resources Ltd 0.004 -20% -11% 33% -20% $18,739,112
BYH Bryah Resources Ltd 0.004 -20% -20% 0% -50% $4,349,768
SRN Surefire Rescs NL 0.002 -20% -40% -20% -75% $4,972,891
EMN Euromanganese 0.17 -23% -32% -23% -58% $11,999,560
CRI Criticalim 0.013 -24% -19% 18% -52% $37,638,280
CZN Corazon Ltd 0.0015 -25% -25% -25% -83% $1,776,858
DTM Dart Mining NL 0.003 -25% -25% -73% -87% $4,792,222
VML Vital Metals Limited 0.002 -33% -33% -33% -50% $11,790,134
MOH Moho Resources 0.004 -33% 33% -20% 0% $2,981,656
LNR Lanthanein Resources 0.001 -33% -50% -67% -80% $2,443,636
LNR Lanthanein Resources 0.001 -33% -50% -67% -80% $2,443,636
AOA Ausmon Resorces 0.001 -50% -50% -50% -60% $1,311,213
PRL Province Resources 0 -100% -100% -100% -100% $0
POS Poseidon Nick Ltd 0 -100% -100% -100% -100% $23,380,727
AML Aeon Metals Ltd. 0 -100% -100% -100% -100% $5,482,003
LRS Latin Resources Ltd 0 -100% -100% -100% -100% $477,661,711
CAI Calidus Resources 0 -100% -100% -100% -100% $93,678,206
LTM Arcadium Lithium PLC 0 -100% -100% -100% -100% $1,994,929,982
Weekly Small Cap Standouts
Cobalt Blue Holdings (ASX:COB)
COB has announced a contract for Glencore to provide cobalt hydroxide feedstock from its Kamoto Copper Company SA (KCC) and Mutanda Mining SARL (Mutanda) operations in the Democratic Republic of Congo (DRC) to the company's Kwinana Cobalt Refinery (KCR).
The contract guarantees supply of a minimum of 3750 tonnes of cobalt hydroxide (750t in year one, 1500t in years two and three), representing 50% of KCR's initial feedstock requirements.
"We are thrilled to formalise a relationship with Glencore,' COB CEO Andrew Tong said.
'Locking in at least 50% of KCR's feedstock requirements is a significant step in derisking the project that brings us closer to FID.
'Developing a commercial partnership with one of the world's largest diversified miners helps solidify COB's position as a participant in the global cobalt industry.
'This relationship will also enable COB to play a strategically important role in building new battery and critical minerals supply chains among like-minded countries.'
Greenwing Resources (ASX:GW1)
The company's call option granted to NIO Inc subsidiary Blue Northstar to acquire a significant stake in Andes Litio SA has lapsed.
Andes Litio SA holds rights to the San Jorge lithium brine project in Argentina, which covers 36,000ha in one of world's premier lithium jurisdictions.
Initial drilling last year resulted in a resource estimate of 1.07Mt of lithium carbonate equivalent (LCE) with 670,000t indicated (62.7% of resource) and 400,000t inferred.
Greenwing is now looking to a cap raise to review exploration data and optimise future drilling, and funding options to advance the project.
Black Rock Mining (ASX:BKT)
Tanzanian graphite developer Black Rock Mining and its 84%-owned Tanzanian subsidiary, Faru Graphite Corporation (Faru) have secured credit approval for a US$25m increase in available funding under the Facilities Agreement signed last year with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation of South Africa (IDC), and Tanzanian lender CRDB Bank (CRDB).
The additional funding will be provided by CRDB in the construction term loan, and this increases the total facilities available to US$204m to develop the Mahenge graphite project.
CEO John de Vries said it brings the company one step closer to developing the construction-ready project.
'The additional commitment should give all investors great confidence in Mahenge's development and outlook as an operating entity within the global supply chain,' he said.
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The Advertiser
an hour ago
- The Advertiser
US and China set for new trade talks in London
Three of US President Donald Trump's top aides are set to meet with their Chinese counterparts in London for talks aimed at resolving a trade dispute between the governments of the world's two largest economies that has kept global markets on edge. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent the United States in the talks on Monday, Trump announced in a post on his Truth Social platform. China's foreign ministry said on Saturday that Vice Premier He Lifeng will be in the United Kingdom between Sunday and Friday, adding that the first meeting of the China-US economic and trade consultation mechanism would be held during this visit. "The meeting should go very well," Trump wrote. The first meeting of the China-US economic and trade consultation mechanism will be held with the United States during He's visit, Chinese authorities said. He led the Chinese side in the first round of trade talks that took place in Switzerland in May. Trump spoke to Chinese President Xi Jinping on Thursday in a rare leader-to-leader call amid weeks of brewing trade tensions and a dispute over critical minerals. Trump and Xi agreed to visit one another and asked their staffs to hold talks in the meantime. Both countries are under pressure to relieve tensions, with the global economy under pressure over Chinese control over the rare earth mineral exports of which it is the dominant producer and investors more broadly anxious about Trump's wider effort to impose tariffs on goods from most US trading partners. China, meanwhile, has seen its own supply of key US imports like chip-design software and nuclear plant parts curtailed. The countries struck a 90-day deal on May 12 in Switzerland to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump returned to the presidency in January. That preliminary deal sparked a global relief rally in stock markets, and US indexes that had been in or near bear market levels have recouped the lion's share of their losses. The S&P 500 stock index, which at its lowest point in early April was down nearly 18 per cent after Trump unveiled his sweeping "Liberation Day" tariffs on goods from across the globe, is now only about 2 per cent below its record high from mid-February. The final third of that rally followed the US-China truce struck in Geneva. Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated export-driven economic model. Three of US President Donald Trump's top aides are set to meet with their Chinese counterparts in London for talks aimed at resolving a trade dispute between the governments of the world's two largest economies that has kept global markets on edge. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent the United States in the talks on Monday, Trump announced in a post on his Truth Social platform. China's foreign ministry said on Saturday that Vice Premier He Lifeng will be in the United Kingdom between Sunday and Friday, adding that the first meeting of the China-US economic and trade consultation mechanism would be held during this visit. "The meeting should go very well," Trump wrote. The first meeting of the China-US economic and trade consultation mechanism will be held with the United States during He's visit, Chinese authorities said. He led the Chinese side in the first round of trade talks that took place in Switzerland in May. Trump spoke to Chinese President Xi Jinping on Thursday in a rare leader-to-leader call amid weeks of brewing trade tensions and a dispute over critical minerals. Trump and Xi agreed to visit one another and asked their staffs to hold talks in the meantime. Both countries are under pressure to relieve tensions, with the global economy under pressure over Chinese control over the rare earth mineral exports of which it is the dominant producer and investors more broadly anxious about Trump's wider effort to impose tariffs on goods from most US trading partners. China, meanwhile, has seen its own supply of key US imports like chip-design software and nuclear plant parts curtailed. The countries struck a 90-day deal on May 12 in Switzerland to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump returned to the presidency in January. That preliminary deal sparked a global relief rally in stock markets, and US indexes that had been in or near bear market levels have recouped the lion's share of their losses. The S&P 500 stock index, which at its lowest point in early April was down nearly 18 per cent after Trump unveiled his sweeping "Liberation Day" tariffs on goods from across the globe, is now only about 2 per cent below its record high from mid-February. The final third of that rally followed the US-China truce struck in Geneva. Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated export-driven economic model. Three of US President Donald Trump's top aides are set to meet with their Chinese counterparts in London for talks aimed at resolving a trade dispute between the governments of the world's two largest economies that has kept global markets on edge. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent the United States in the talks on Monday, Trump announced in a post on his Truth Social platform. China's foreign ministry said on Saturday that Vice Premier He Lifeng will be in the United Kingdom between Sunday and Friday, adding that the first meeting of the China-US economic and trade consultation mechanism would be held during this visit. "The meeting should go very well," Trump wrote. The first meeting of the China-US economic and trade consultation mechanism will be held with the United States during He's visit, Chinese authorities said. He led the Chinese side in the first round of trade talks that took place in Switzerland in May. Trump spoke to Chinese President Xi Jinping on Thursday in a rare leader-to-leader call amid weeks of brewing trade tensions and a dispute over critical minerals. Trump and Xi agreed to visit one another and asked their staffs to hold talks in the meantime. Both countries are under pressure to relieve tensions, with the global economy under pressure over Chinese control over the rare earth mineral exports of which it is the dominant producer and investors more broadly anxious about Trump's wider effort to impose tariffs on goods from most US trading partners. China, meanwhile, has seen its own supply of key US imports like chip-design software and nuclear plant parts curtailed. The countries struck a 90-day deal on May 12 in Switzerland to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump returned to the presidency in January. That preliminary deal sparked a global relief rally in stock markets, and US indexes that had been in or near bear market levels have recouped the lion's share of their losses. The S&P 500 stock index, which at its lowest point in early April was down nearly 18 per cent after Trump unveiled his sweeping "Liberation Day" tariffs on goods from across the globe, is now only about 2 per cent below its record high from mid-February. The final third of that rally followed the US-China truce struck in Geneva. Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated export-driven economic model. Three of US President Donald Trump's top aides are set to meet with their Chinese counterparts in London for talks aimed at resolving a trade dispute between the governments of the world's two largest economies that has kept global markets on edge. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent the United States in the talks on Monday, Trump announced in a post on his Truth Social platform. China's foreign ministry said on Saturday that Vice Premier He Lifeng will be in the United Kingdom between Sunday and Friday, adding that the first meeting of the China-US economic and trade consultation mechanism would be held during this visit. "The meeting should go very well," Trump wrote. The first meeting of the China-US economic and trade consultation mechanism will be held with the United States during He's visit, Chinese authorities said. He led the Chinese side in the first round of trade talks that took place in Switzerland in May. Trump spoke to Chinese President Xi Jinping on Thursday in a rare leader-to-leader call amid weeks of brewing trade tensions and a dispute over critical minerals. Trump and Xi agreed to visit one another and asked their staffs to hold talks in the meantime. Both countries are under pressure to relieve tensions, with the global economy under pressure over Chinese control over the rare earth mineral exports of which it is the dominant producer and investors more broadly anxious about Trump's wider effort to impose tariffs on goods from most US trading partners. China, meanwhile, has seen its own supply of key US imports like chip-design software and nuclear plant parts curtailed. The countries struck a 90-day deal on May 12 in Switzerland to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump returned to the presidency in January. That preliminary deal sparked a global relief rally in stock markets, and US indexes that had been in or near bear market levels have recouped the lion's share of their losses. The S&P 500 stock index, which at its lowest point in early April was down nearly 18 per cent after Trump unveiled his sweeping "Liberation Day" tariffs on goods from across the globe, is now only about 2 per cent below its record high from mid-February. The final third of that rally followed the US-China truce struck in Geneva. Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated export-driven economic model.
News.com.au
2 hours ago
- News.com.au
Porsche 963 RSP will make millionaires beg
Like toddlers all clamouring for the same toy, Porsche is expecting to be flooded with calls from billionaire car collectors from around the world after revealing its latest one-of-a-kind creation. The Porsche 963 RSP is a road-legal (although, they use that term loosely) version of the brand's prototype racing sports car that will compete at next week's Le Mans 24 Hours. It was built and named for Roger Searle Penske, the billionaire businessman and race team owner who oversees Porsche's on-track activities; as well as running successful NASCAR and IndyCar teams. The 963 RSP project was inspired by a one-off road-legal version of Porsche's iconic 917 race car that it built in 1975 for Gregorio Rossi di Montelera, the heir to the Martini & Rossi company. But whereas that car was built specifically for 'Count Rossi' this new race-car-for-the-road began as a top secret project and found its obvious owner once the multimillion-dollar project was underway. Timo Resch, President and chief executive of Porsche Cars North America, oversaw the project with the car being built both in Germany and the USA, with influence from the factory racing department and Porsche Penske Motorsport personnel. 'I think it's fair to say that we started this without having one specific person in mind,' Resch admitted. 'But at the very, very early stage … when we started figuring out 'can this be done or are we taking too much on ourselves?' And in this conversation with Roger, at the very early stage, we realised that the customer can only be Roger. So that was kind of very early on where we realised he would be the perfect customer, number one, and also the only customer for such a car because it's a one-off. 'Who knows what the future brings. But this particular car is a one-off.' That open-ended answer will no doubt have other car collectors from around the world calling Porsche asking for their own custom-made road-legal race car. No price was put on the 963 RSP, which required a lot of specialised work to make it suitable for the road, but Porsche reportedly sells the racing versions of the 963 to race teams for US$2.9 million (approx. $4.4m). Angus Fitton, vice president of public relations for Porsche North America, said the company had already started receiving calls, as soon as a shadowy teaser image was revealed in April. ' We have received questions, yes, I can tell that I know that Urs [Kuratle, Director of Factor Racing Porsche Motorsport] and JD [Jonathan Diuguid, Managing Director Porsche Penske Motorsport] have had [questions too],' Fitton said. 'Whether that translates into anything more serious, that'll need to wait for another day,' 'But certainly people are asking the questions of us, because inevitably you look at the teaser and look at some of the speculation and press [and people say] 'Hey, you guys working on something?' and that conversation. It'll be interesting to see what comes out after June 6th, when this is revealed, what the feedback is. 'But no, there is no harm in asking. We'll always listen and as Urs said earlier, you know, never say never, but for now, this is a one-of-one this car.' Key technical changes for the 963 RSP compared to the racing version include new bodywork that encloses the wheels (and is painted silver to match the Count Rossi 917), higher and softer suspension, wet weather tyres and a detuned twin-turbo V8 engine and hybrid system to make it more manageable at road speeds. The 2025 24 Hours of Le Mans will be held in France on June 14-15. Australia's Matt Campbell will be competing for outright victory with Porsche Penske Motorsport in a racing version of the 963.
News.com.au
2 hours ago
- News.com.au
Stock Tips: Never mind the alpha, what's the Sigma play this week?
It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Sean Conlan – Leyland Private Asset Management BUY Sigma Healthcare (ASX:SIG) We believe SIG will grow into its current PE multiple by refurbishing existing Chemist Warehouse stores, opening 20 new stores per annum across Australia and by exporting the brand offshore. Judo Capital Holdings (ASX:JDO) Improved funding costs give us more comfort on the near-term margin outlook. With forecast a~34% earnings CAGR over the next three years, and trading at only 12x FY26 P/E we think the valuation is attractive. HOLD Treasury Wine Estates (ASX:TWE) TWE has trimmed guidance for FY25 earnings growth, citing lower-than-expected wine sales in the US where economic uncertainty is hurting consumer demand. Austal (ASX:ASB) We remain positive on the long-term outlook for ASB, considering the macro tailwinds and attractive growth profile, however, we are conscious of its current valuation. SELL Bank of Queensland (ASX:BOQ) While BOQ's simplification strategy and pivot towards business is bearing fruit, we think it will continue to struggle to make returns above the cost of capital over the medium term. Lovisa Holdings (ASX:LOV) We are concerned about the quality of stores recently opened and think that higher-than-normal rates of discounting may be driving strong LFL sales. Chris Watt – Bell Potter Securities BUY CAR Group (CAR) Resilient RV sales, solid international operations and strong earnings momentum support continued growth. The company continues to benefit from a scalable global expansion strategy that allows it to replicate its model across international markets. Treasury Wine Estates (ASX:TWE) While the US premium wine market is weak, core luxury brands remain strong. DAOU Vineyards synergies and broader international opportunities provide upside despite recent downgrades. HOLD Technology One (ASX:TNE) A strong first-half result confirms the business is executing well, with growing recurring revenue and cash flow. However, recent share price gains limit short-term upside. James Hardie (ASX:JHX) Strategy execution in US new construction is on track, particularly in the southern states. That said, macro softness and affordability challenges persist. SELL IDP Education (ASX:IEL) Deteriorating student volumes and shifting global immigration policy have led to significant earnings downgrades. Visibility remains poor, and risks are elevated. Cettire (ASX:CTT) Weak margins, US tariff headwinds, and a soft cash position point to a challenging outlook. The path to profitability appears longer and riskier.
