High Voltage: US graphite stocks gain 40pc advantage thanks to anti-dumping tariff on China
Back in February, the US International Trade Commission (ITC) ruled that China harmed the American graphite industry by exporting graphite at unfairly low prices.
And last week, the Department of Commerce in the US applied 93.5% anti-dumping duties on active anode material (processed graphite). When combined with existing tariffs applied to Chinese imports into the US, the impost now totals 160% for active anode material.
Active anode material (AAM) is graphite refined into coated spherical purified graphite and is the final product used in batteries.
China has a stranglehold on global graphite supply, with 98% of graphite anode material (both natural and synthetic) coming from China.
The significant tariffs at a major import market like the US are expected to impact global prices of graphite and have highlighted the need for Western countries to shore up domestic supply chains - particularly around minerals critical to defence and tech applications.
Benchmark Minerals Intelligence (BMI) says the move will push the cost of Chinese AAM from ~US$3700/t to US$9300/t, making US-made AMM at ~US$5400/t over 40% cheaper.
'This marks an advantage for US anode aspirants looking to onshore production as they are likely to see greater interest from investors and cell makers, give the more balanced cost landscape,' BMI said.
'However, given the current limited availability of commercial-scale domestic AAM, cell makers will likely to absorb these higher associated costs in the near-term, which could dampen demand.'
Near-term US graphite producers
The tariff/trade war could present opportunities for ASX stocks with a near-term development project in the US – and even those further afield (but more on that later).
Syrah Resources' (ASX:SYR) has its 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.
Qualification by key customer Tesla has been extended from May this year to February 9, 2026.
There's also Novonix (ASX:NVX), which owns the 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 15-20,000tpa by 2030, with long term aspirations to expand capacity to around 150,000tpa.
The initial 20,000tpa is already fully accounted for, with long-term offtake agreements with Panasonic Energy, Stellantis, and PowerCo.
Outside of the US, Renascor Resources (ASX:RNU) has the Siviour project in South Australia, the most advanced graphite development in Oz.
Siviour 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. The upstream mine and concentrator has already nabbed a $185m loan under the Australian Government's Critical Minerals Facility, signalling the nation-building value of the project.
RNU is looking downstream as well, planning to commission a purified spherical graphite (PSG) demonstration plant in Q4 this year.
In the Northern Territory, Kingsland Minerals' (ASX:KNG) Leliyn project has an inferred resource of 180.2Mt at 7.2% total graphitic content and indicated resource of 12.3Mt at 7.9% TGC, making it the largest in situ graphite resource in Australia.
A scoping study is expected to be released this quarter, and will focus on just a fraction of the project's 12km strike zone.
iTech Minerals (ASX:ITM) has 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.
Buxton Resources (ASX:BUX) owns the 20.7Mt at 10.8% TGC Graphite Bull project in WA where earlier this month the world's largest anode manufacturer, BTR New Material Group, has qualified the ore for its entire ore-to-anode production process.
International Graphite (ASX:IG6) owns the Springdale deposit and proposed Collie plant, and Green Critical Minerals (ASX:GCM) owns 80% of the 1.1Mt McIntosh project, but has moved into the technology space, beginning production runs of its Very High Density (VHD) graphite block technology, with first revenue expected in H1 CY26.
The tech has thermal management applications in sectors from global electronics, semiconductor and microchip manufacturers, to data centre operators.
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 >>>
Battery metals stocks missing from our list? Shoot a n e mail to emma.davies@stockhead.com.au
Code Company Price % Week % Month % Six Month % Year Market Cap
XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272
LMG Latrobe Magnesium 0.018 125% 125% 6% -59% $42,108,350
AS2 Askarimetalslimited 0.016 100% 167% 45% -64% $6,466,731
HLX Helix Resources 0.002 100% 33% -33% -33% $5,046,291
VR8 Vanadium Resources 0.041 86% 105% 32% -18% $23,135,967
GTE Great Western Exp. 0.019 58% 111% -21% -37% $11,355,159
GRE Greentechmetals 0.078 56% 81% 16% -35% $7,824,264
SLZ Sultan Resources Ltd 0.006 50% 20% -25% -14% $1,388,819
PGD Peregrine Gold 0.265 47% 71% 77% 83% $22,060,413
IG6 Internationalgraphit 0.072 47% 41% 20% -17% $13,936,200
EVG Evion Group NL 0.033 43% 106% 32% 65% $13,917,439
PMT Patriotbatterymetals 0.475 42% 116% 32% -4% $267,688,695
IXR Ionic Rare Earths 0.0255 42% 132% 264% 155% $124,813,852
IPT Impact Minerals 0.009 38% 50% -13% -36% $31,946,640
LKE Lake Resources 0.044 38% 57% 7% 22% $84,748,040
AR3 Austrare 0.12 36% 140% 43% 38% $24,378,547
SYR Syrah Resources 0.395 34% 58% 72% 32% $432,531,598
SYR Syrah Resources 0.395 34% 58% 72% 32% $432,531,598
AGY Argosy Minerals Ltd 0.032 33% 113% 10% -60% $50,685,391
RLC Reedy Lagoon Corp. 0.002 33% 33% -33% -33% $1,553,413
SMX Strata Minerals 0.016 33% 33% -48% -38% $3,672,783
EMT Emetals Limited 0.004 33% 33% -20% -20% $3,400,000
TOR Torque Met 0.24 33% 85% 314% 85% $105,315,429
FIN FIN Resources Ltd 0.004 33% 0% 0% -33% $2,779,554
EG1 Evergreenlithium 0.033 32% 6% -60% -44% $7,058,030
BKT Black Rock Mining 0.034 31% 36% 0% -44% $51,553,236
EUR European Lithium Ltd 0.096 30% 68% 39% 104% $127,175,969
PVW PVW Res Ltd 0.018 29% 50% 29% -31% $3,779,191
FGR First Graphene Ltd 0.036 29% 33% -35% -29% $23,962,258
KGD Kula Gold Limited 0.009 29% 13% 125% -27% $6,448,776
INF Infinity Lithium 0.019 27% 36% -34% -64% $8,979,250
INR Ioneer Ltd 0.1325 26% 39% -30% -9% $346,030,860
QXR Qx Resources Limited 0.005 25% 67% 25% -38% $6,551,644
CTN Catalina Resources 0.005 25% 67% 52% 113% $10,917,086
GT1 Greentechnology 0.031 24% 63% -52% -55% $12,829,591
TVN Tivan Limited 0.105 24% 15% -13% 91% $203,871,395
MLS Metals Australia 0.021 24% 24% -5% 11% $14,574,390
KOB Kobaresourceslimited 0.039 22% 15% -47% -72% $7,313,342
SYA Sayona Mining Ltd 0.023 21% 53% 0% -30% $265,495,808
PLL Piedmont Lithium Inc 0.1325 20% 52% 2% -20% $65,170,700
TLG Talga Group Ltd 0.48 20% 20% 5% 9% $218,382,574
ALY Alchemy Resource Ltd 0.006 20% 20% -14% -14% $7,068,458
TON Triton Min Ltd 0.006 20% 20% -25% -40% $10,978,721
PVT Pivotal Metals Ltd 0.012 20% 33% 50% -45% $9,979,485
AKN Auking Mining Ltd 0.006 20% -14% 50% -65% $4,128,698
WSR Westar Resources 0.006 20% 20% -25% -25% $2,392,349
KZR Kalamazoo Resources 0.11 20% 22% 41% 51% $23,036,319
VUL Vulcan Energy 4.23 19% 21% -21% -2% $984,602,560
TMB Tambourahmetals 0.025 19% 14% 0% -43% $3,805,949
RR1 Reach Resources Ltd 0.0095 19% 19% 36% -21% $7,869,882
RR1 Reach Resources Ltd 0.0095 19% 19% 36% -21% $7,869,882
FRB Firebird Metals 0.13 18% 76% 31% 0% $18,506,982
KTA Krakatoa Resources 0.013 18% 0% 18% 44% $10,076,742
TKM Trek Metals Ltd 0.099 18% 8% 313% 209% $56,670,152
PLS Pilbara Min Ltd 1.815 17% 51% -22% -37% $5,888,919,118
BCA Black Canyon Limited 0.27 17% 170% 303% 225% $35,800,202
WMG Western Mines 0.28 17% 115% 87% 14% $27,100,736
VHM Vhmlimited 0.22 16% 13% -35% -62% $55,785,389
STK Strickland Metals 0.1675 16% 20% 112% 73% $361,977,568
L1M Lightning Minerals 0.045 15% -25% -48% -31% $5,466,068
IPX Iperionx Limited 5.925 15% 38% 44% 165% $1,762,802,476
LPM Lithium Plus 0.069 15% 13% -14% -37% $11,689,920
SGQ St George Min Ltd 0.039 15% 22% 50% 26% $104,240,075
ASN Anson Resources Ltd 0.11 15% 144% 80% -12% $152,541,019
AZL Arizona Lithium Ltd 0.008 14% 33% -27% -58% $37,662,201
AM7 Arcadia Minerals 0.024 14% 50% 20% -37% $2,817,202
CDT Castle Minerals 0.08 14% 8% 33% -33% $9,048,746
MHC Manhattan Corp Ltd 0.024 14% 20% 0% -4% $5,637,574
BMG BMG Resources Ltd 0.008 14% 14% -20% 14% $5,910,780
TLM Talisman Mining 0.16 14% 23% -22% -38% $29,189,654
LIN Lindian Resources 0.099 14% -6% -6% -14% $124,259,335
MIN Mineral Resources. 31.17 14% 52% -12% -43% $6,025,260,399
NVX Novonix Limited 0.54 14% 44% -8% -20% $372,320,697
WCN White Cliff Min Ltd 0.025 14% 25% 25% 56% $60,334,654
RBX Resource B 0.034 13% 36% 6% -15% $3,916,272
RAS Ragusa Minerals Ltd 0.017 13% 21% 42% 6% $3,029,379
RNU Renascor Res Ltd 0.069 13% 23% 21% -22% $180,563,960
CTM Centaurus Metals Ltd 0.395 13% 20% -2% 10% $191,229,967
NVA Nova Minerals Ltd 0.265 13% -18% -22% 23% $104,390,368
VRC Volt Resources Ltd 0.0045 13% 13% 50% -10% $23,424,247
GSM Golden State Mining 0.009 13% 20% 13% -25% $2,514,336
RIE Riedel Resources Ltd 0.036 13% 38% 9% -40% $3,077,225
PNN Power Minerals Ltd 0.065 12% 12% -29% -38% $9,239,642
E25 Element 25 Ltd 0.2575 12% 20% -11% 7% $59,439,224
LTR Liontown Resources 0.9225 12% 41% 40% -6% $2,259,346,631
ZEU Zeus Resources Ltd 0.019 12% 58% 171% 111% $14,348,733
LOT Lotus Resources Ltd 0.195 11% 0% -22% -33% $438,423,546
IGO IGO Limited 5.265 11% 36% 1% -6% $3,945,365,306
G88 Golden Mile Res Ltd 0.01 11% -23% 0% -9% $4,898,231
NC1 Nicoresourceslimited 0.1 11% 14% 11% -29% $12,345,058
WC1 Westcobarmetals 0.02 11% 5% -9% -35% $4,375,969
CY5 Cygnus Metals Ltd 0.1 11% 16% -29% 64% $106,326,218
GCM Green Critical Min 0.031 11% 29% 63% 933% $76,317,142
SCN Scorpion Minerals 0.021 11% 11% 0% 24% $9,957,068
ADD Adavale Resource Ltd 0.022 10% 10% -45% -73% $4,203,970
GL1 Globallith 0.22 10% 54% 22% -24% $54,963,746
STM Sunstone Metals Ltd 0.0165 10% 10% 136% 83% $92,353,480
YAR Yari Minerals Ltd 0.011 10% 0% 267% 267% $6,894,638
ITM Itech Minerals Ltd 0.033 10% 3% -40% -59% $5,637,568
ARV Artemis Resources 0.0055 10% 10% -39% -45% $12,678,361
OCN Oceanalithiumlimited 0.068 10% 3% 152% 79% $11,621,877
ILU Iluka Resources 5.35 10% 56% 16% -14% $2,315,878,466
VTM Victory Metals Ltd 1.26 10% 52% 245% 260% $136,381,295
S32 South32 Limited 3.14 9% 10% -11% 5% $14,141,414,280
MEK Meeka Metals Limited 0.1525 9% 2% 39% 301% $437,355,776
RIO Rio Tinto Limited 120.02 9% 18% 2% 5% $44,349,201,087
REC Rechargemetals 0.013 8% -7% -32% -58% $3,340,870
HAV Havilah Resources 0.195 8% 11% -11% -5% $66,154,978
PAT Patriot Resourcesltd 0.055 8% 0% 25% 8% $9,076,235
GLN Galan Lithium Ltd 0.145 7% 53% 21% -4% $139,772,833
JLL Jindalee Lithium Ltd 0.45 7% 14% 120% 53% $38,338,006
LM1 Leeuwin Metals Ltd 0.15 7% 15% 25% 83% $15,120,958
NIC Nickel Industries 0.7925 7% 14% -5% 1% $3,407,634,662
BHP BHP Group Limited 41.87 7% 17% 7% 1% $212,430,275,035
DLI Delta Lithium 0.165 6% -8% -3% -23% $121,812,105
GAL Galileo Mining Ltd 0.17 6% 62% 10% -6% $33,596,238
EMH European Metals Hldg 0.17 6% -3% 26% -35% $33,191,153
LSR Lodestar Minerals 0.017 6% 183% 21% -15% $6,759,038
A4N Alpha Hpa Ltd 0.94 6% 18% 7% 18% $1,074,467,171
SRK Strike Resources 0.035 6% 0% 17% 0% $9,931,250
EMN Euromanganese 0.185 6% -3% 12% -45% $9,413,767
WC8 Wildcat Resources 0.185 6% 42% -21% -27% $260,630,845
AVL Aust Vanadium Ltd 0.0095 6% 19% -32% -41% $86,346,581
BM8 Battery Age Minerals 0.062 5% 7% -37% -52% $9,411,713
MAN Mandrake Res Ltd 0.021 5% 11% -5% -22% $13,172,458
LIT Livium Ltd 0.0105 5% 17% -38% -50% $16,909,071
VML Vital Metals Limited 0.105 5% 5% -30% -40% $12,968,919
RXL Rox Resources 0.315 5% 15% 43% 117% $238,911,961
WIN WIN Metals 0.021 5% 17% 0% -13% $10,451,110
LYC Lynas Rare Earths 10.505 5% 15% 58% 75% $9,485,431,282
VRX VRX Silica Ltd 0.085 5% 6% 85% 130% $65,762,689
GED Golden Deeps 0.022 5% 5% -8% -35% $4,073,891
KM1 Kalimetalslimited 0.11 5% 45% -12% -42% $9,113,220
BC8 Black Cat Syndicate 0.8525 5% 5% 24% 154% $608,543,633
NTU Northern Min Ltd 0.0345 5% 11% 64% 15% $292,500,454
CAE Cannindah Resources 0.024 4% 0% -38% -56% $16,745,839
FML Focus Minerals Ltd 0.395 4% 5% 88% 182% $116,056,251
PBL Parabellumresources 0.053 4% 4% -4% 33% $3,301,900
FRS Forrestaniaresources 0.145 4% 107% 1350% 326% $37,322,691
GW1 Greenwing Resources 0.029 4% 21% -17% -40% $8,564,078
FTL Firetail Resources 0.088 4% 17% 22% 47% $32,682,406
KNG Kingsland Minerals 0.15 3% 92% 15% -25% $10,521,332
JMS Jupiter Mines. 0.2275 3% 14% 57% -11% $441,234,396
ADV Ardiden Ltd 0.155 3% 7% 7% 15% $10,315,388
NWC New World Resources 0.067 3% 18% 319% 131% $239,570,336
CHN Chalice Mining Ltd 1.8575 3% 20% 55% 71% $729,425,228
DM1 Desert Metals 0.0215 2% 2% -7% -28% $9,730,305
SUM Summitminerals 0.044 2% 29% -66% -78% $4,517,380
ALK Alkane Resources Ltd 0.69 2% -5% 31% 37% $417,823,905
CWX Carawine Resources 0.097 2% -1% -8% 13% $22,904,169
HAW Hawthorn Resources 0.055 2% -5% 20% -20% $18,425,859
OMH OM Holdings Limited 0.325 2% 12% -7% -25% $241,370,892
MEI Meteoric Resources 0.1625 2% 30% 93% 35% $362,291,231
NMT Neometals Ltd 0.069 1% 10% -14% -4% $53,859,756
BSX Blackstone Ltd 0.074 1% -14% 174% 76% $129,891,858
SFR Sandfire Resources 11.17 1% 1% 13% 33% $5,173,739,862
ASM Ausstratmaterials 0.72 1% 35% 47% 5% $130,565,291
PTR Petratherm Ltd 0.3725 1% 33% -10% 2091% $131,713,613
IDA Indiana Resources 0.086 1% 10% 32% 85% $56,560,456
CXO Core Lithium 0.11 0% 31% 18% 12% $246,446,788
RIL Redivium Limited 0.004 0% 0% 0% 100% $13,609,422
COB Cobalt Blue Ltd 0.054 0% -5% -16% -33% $24,021,298
LPD Lepidico Ltd 0.002 0% 0% 0% 0% $17,178,371
MRD Mount Ridley Mines 0.0025 0% 25% -17% -75% $1,946,223
CZN Corazon Ltd 0.002 0% 0% 0% -60% $2,369,145
CLA Celsius Resource Ltd 0.007 0% 0% -30% -46% $20,380,675
MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922
AXN Alliance Nickel Ltd 0.034 0% -3% -8% -11% $24,678,547
AAJ Aruma Resources Ltd 0.008 0% -11% -20% -27% $2,623,524
TKL Traka Resources 0.001 0% -50% 0% 0% $2,125,790
ATM Aneka Tambang 1.105 0% 0% 24% 3% $1,440,532
LEL Lithenergy 0.37 0% 0% 0% 1% $41,440,581
MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288
PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467
WKT Walkabout Resources 0.095 0% 0% 0% -10% $63,769,838
CNJ Conico Ltd 0.007 0% 0% -22% -30% $1,905,020
BOA BOA Resources Ltd 0.018 0% -10% -18% -10% $2,220,351
MQR Marquee Resource Ltd 0.009 0% 0% -18% -18% $5,024,723
MRR Minrex Resources Ltd 0.008 0% 0% 0% -11% $8,678,940
DTM Dart Mining NL 0.003 0% 0% -70% -84% $4,792,222
EMS Eastern Metals 0.01 0% 0% -33% -68% $1,394,262
IMI Infinitymining 0.009 0% 0% -10% -44% $3,807,142
TEM Tempest Minerals 0.005 0% 25% 0% -44% $5,508,975
EMC Everest Metals Corp 0.135 0% 4% -7% 8% $32,499,032
OB1 Orbminco Limited 0.001 0% 0% -40% -60% $3,402,568
KOR Korab Resources 0.008 0% 0% 0% 0% $2,936,400
CMX Chemxmaterials 0.026 0% 0% 0% -42% $3,354,580
ENV Enova Mining Limited 0.006 0% -25% 20% -40% $8,745,600
AVW Avira Resources Ltd 0.007 0% 0% -65% -65% $1,610,000
NWM Norwest Minerals 0.014 0% 17% 9% -44% $14,525,378
RGL Riversgold 0.004 0% 0% 33% -33% $6,734,850
THR Thor Energy PLC 0.009 0% 0% -22% -44% $6,397,109
ODE Odessa Minerals Ltd 0.006 0% -14% -8% 140% $9,597,195
AZI Altamin Limited 0.019 0% -10% -14% -42% $10,915,555
LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182
CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $3,017,699
PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467
TAR Taruga Minerals 0.008 0% 14% -11% -11% $5,710,032
DRE Dreadnought Resources Ltd 0.011 0% 10% -8% -52% $55,874,500
KFM Kingfisher Mining 0.047 0% -6% 31% -33% $2,524,605
GRL Godolphin Resources 0.011 0% 22% -21% -21% $5,386,480
LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182
EV1 Evolutionenergy 0.016 0% 33% -16% -48% $5,802,408
OM1 Omnia Metals Group 0.012 0% 0% -85% -85% $2,605,100
LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047
SRN Surefire Rescs NL 0.002 0% 0% -40% -66% $6,457,219
LU7 Lithium Universe Ltd 0.007 0% 17% -30% -55% $6,551,857
TMX Terrain Minerals 0.0025 0% 25% -38% -17% $6,329,536
ANX Anax Metals Ltd 0.007 0% 0% -30% -73% $6,179,653
RON Roninresourcesltd 0.15 0% -9% -23% 25% $6,056,252
ASR Asra Minerals Ltd 0.002 0% 0% -33% -67% $8,000,396
AEE Aura Energy 0.165 0% 6% 6% 18% $151,427,524
AMD Arrow Minerals 0.02 0% 0% -55% -67% $17,555,332
CUL Cullen Resources 0.005 0% 67% 0% -33% $3,467,009
HWK Hawk Resources. 0.02 0% 33% -9% -44% $5,418,589
ORN Orion Minerals Ltd 0.01 0% 0% -33% -41% $72,816,361
SER Strategic Energy 0.006 0% -8% -25% -60% $4,697,233
SVY Stavely Minerals Ltd 0.019 0% 73% 6% -30% $10,336,800
SVM Sovereign Metals 0.74 -1% 13% -2% 13% $488,438,721
NST Northern Star 16.305 -1% -18% -6% 16% $23,813,905,145
QGL Quantum Graphite 0.49 -1% 2% 5% -15% $165,594,537
KNI Kunikolimited 0.093 -1% -19% -44% -54% $8,083,957
DEV Devex Resources Ltd 0.086 -1% 9% -10% -66% $38,868,779
ASL Andean Silver 1.365 -1% 31% 41% 80% $221,489,388
HAS Hastings Tech Met 0.29 -2% 9% -5% -15% $59,073,040
DVP Develop Global Ltd 4.6 -2% -4% 107% 145% $1,530,301,137
CHR Charger Metals 0.05 -2% 14% -25% -18% $3,948,433
SLM Solismineralsltd 0.081 -2% -8% 21% -40% $11,427,494
BUR Burleyminerals 0.04 -2% -13% -49% -61% $7,366,692
WA1 Wa1Resourcesltd 17.34 -3% 21% 31% 16% $1,167,687,454
ABX ABX Group Limited 0.038 -3% -5% -16% -31% $9,571,497
RVT Richmond Vanadium 0.073 -3% -26% -56% -76% $15,772,687
PSC Prospect Res Ltd 0.18 -3% 16% 87% 44% $129,608,628
PFE Pantera Lithium 0.018 -3% 50% 6% -39% $8,764,998
QPM QPM Energy Limited 0.035 -3% 0% -50% 0% $102,523,345
EFE Eastern Resources 0.031 -3% 0% -3% -38% $3,908,788
A11 Atlantic Lithium 0.155 -3% -3% -38% -59% $103,972,097
FG1 Flynngold 0.029 -3% -9% 16% 0% $11,348,178
HMX Hammer Metals Ltd 0.029 -3% -9% -6% -28% $26,632,761
SFM Santa Fe Minerals 0.27 -4% 671% 694% 744% $21,117,449
OD6 Od6Metalsltd 0.026 -4% 0% -61% -47% $4,172,167
1AE Auroraenergymetals 0.049 -4% -11% -18% -25% $8,774,123
MLX Metals X Limited 0.655 -4% 24% 44% 49% $571,722,542
BMM Bayanminingandmin 0.063 -5% 80% 26% -7% $6,879,941
ARL Ardea Resources Ltd 0.41 -5% 3% 15% -15% $85,217,231
RAG Ragnar Metals Ltd 0.02 -5% 0% 3% 0% $9,479,720
AXE Archer Materials 0.285 -5% 24% -35% -8% $72,631,399
S2R S2 Resources 0.0665 -5% 2% -11% -40% $32,996,123
EVR Ev Resources Ltd 0.0095 -5% 36% 280% 88% $20,047,530
ARN Aldoro Resources 0.35 -5% 8% 23% 332% $64,182,702
SRZ Stellar Resources 0.017 -6% 13% 21% -15% $35,355,760
PUR Pursuit Minerals 0.067 -6% 81% -18% -55% $6,682,176
ICL Iceni Gold 0.066 -6% 12% -6% 0% $22,657,892
RMX Red Mount Min Ltd 0.008 -6% -11% 0% -20% $4,658,367
AX8 Accelerate Resources 0.008 -6% 33% -27% -33% $6,537,510
ZNC Zenith Minerals Ltd 0.032 -6% -14% -29% -40% $16,942,576
CRI Critica ltd 0.016 -6% -6% -16% -11% $45,869,097
1MC Morella Corporation 0.015 -6% -12% -38% -65% $5,526,435
M24 Mamba Exploration 0.015 -6% 20% -12% 25% $4,722,650
AUZ Australian Mines Ltd 0.007 -7% -22% -42% -22% $12,832,591
ETM Energy Transition 0.0475 -7% 10% -40% 138% $71,364,799
MTC Metalstech Ltd 0.135 -7% -4% 0% -40% $29,977,420
EGR Ecograf Limited 0.335 -7% 20% 264% 191% $154,438,818
ESR Estrella Res Ltd 0.04 -7% -23% 54% 900% $84,306,531
LLM Loyal Metals Ltd 0.2 -7% 54% 111% 60% $21,573,943
FBM Future Battery 0.026 -7% 44% 0% 4% $14,809,543
LML Lincoln Minerals 0.0065 -7% 30% 8% 8% $13,666,703
A8G Australasian Metals 0.062 -7% -6% -17% -23% $3,589,163
FLG Flagship Min Ltd 0.055 -8% 22% 28% -32% $13,196,926
NH3 Nh3Cleanenergyltd 0.055 -8% 112% 206% 323% $34,366,799
PGM Platina Resources 0.021 -9% 5% 11% -16% $13,086,787
LRV Larvottoresources 0.725 -9% 33% 8% 504% $299,001,368
CNB Carnaby Resource Ltd 0.41 -9% 12% 19% -23% $95,923,321
SBR Sabre Resources 0.009 -10% 13% 6% -36% $3,550,157
SRI Sipa Resources Ltd 0.018 -10% 29% 29% 0% $7,495,170
WR1 Winsome Resources 0.18 -10% 44% -63% -70% $47,573,848
LCY Legacy Iron Ore 0.009 -10% 0% 0% -48% $87,858,383
MNB Minbos Resources Ltd 0.045 -10% 7% -18% -32% $44,852,282
GBR Greatbould Resources 0.06 -10% -5% 28% 11% $58,927,864
ARU Arafura Rare Earths 0.1925 -10% 17% 54% 1% $492,865,738
BUX Buxton Resources Ltd 0.042 -11% 8% 5% -48% $13,744,236
MHK Metalhawk. 0.37 -11% -20% 12% 612% $46,272,211
LEG Legend Mining 0.008 -11% 33% -20% -38% $23,315,817
M2R Miramar 0.004 -11% 33% 0% -64% $2,990,470
SRL Sunrise 1.32 -12% 103% 313% 207% $147,101,074
VMC Venus Metals Cor Ltd 0.105 -13% -5% 62% 21% $21,574,155
PNT Panthermetalsltd 0.0095 -14% -27% 6% -62% $3,009,045
QEM QEM Limited 0.029 -15% -24% -59% -78% $6,855,610
DYM Dynamicmetalslimited 0.23 -15% -10% -15% 35% $9,816,868
MTM Metallium Ltd 0.74 -15% 17% 190% 1847% $380,883,366
KAI Kairos Minerals Ltd 0.025 -17% -22% 79% 194% $67,088,261
HRE Heavy Rare Earths 0.046 -18% 35% 53% 60% $9,361,525
AQD Ausquest Limited 0.044 -19% -24% 83% 313% $61,242,106
MOH Moho Resources 0.004 -20% 0% -20% -20% $3,727,070
CRR Critical Resources 0.004 -20% 14% -33% -56% $13,850,427
ARR American Rare Earths 0.345 -21% 41% 21% 28% $206,518,936
CMO Cosmometalslimited 0.018 -22% 6% 21% -60% $5,798,441
REE Rarex Limited 0.0205 -24% 8% 156% 37% $18,403,280
BNR Bulletin Res Ltd 0.046 -25% -19% 28% -6% $17,029,573
BYH Bryah Resources Ltd 0.006 -25% -50% 50% 33% $6,001,195
AOA Ausmon Resorces 0.0015 -25% -25% 0% -50% $2,622,427
ENT Enterprise Metals 0.002 -33% -33% -33% -33% $3,428,293
AYM Australia United Min 0.002 -33% 0% 0% -33% $3,685,155
Weekly Small Cap Standouts
Helix Resources (ASX:HLX)
HLX is zeroing in on two distinct copper-gold systems at the White Hills project in Arizona, US, with a combination of geophysical, geological and geochemical results.
Two geological formations meet on the project's tenure. Management reckons there's evidence of copper at the northern end of the Arizona Arc formation, while a fault-style gold system sits at the southern end of the Walker Lane gold trend, both within the project area.
"With growing interest and policy support for domestic copper production in the U.S., the project is ideally positioned to benefit from this momentum,' executive chairman Mike Povey said.
While prices are not soaring the same as gold, the red metal is currently fetching between US$4.50-5.50/lb at the time of writing, reflecting a big arbitrage weighted to the US market, with tariffs on the horizon.
Vanadium Resources (ASX:VR8)
The company has signed an offtake agreement for the supply of 100,000 tonnes of vanadium-rich magnetite direct shipping ore (DSO) each month from the world-class Steelpoortdrift vanadium project in South Africa.
The offtake positions VR8 to transition from developer to producer and is a fillip as the company advances its near-term cash flow strategy aimed at unlocking value from Steelpoortdrift's vast JORC resource, while preserving the flexibility to pursue full-scale development as market conditions improve.
Due to the absence of a standard spot price for the DSO product, the agreement, which is valid for two years, is also conditional on subsidiary VanRes finalising pricing terms with CPAL by August 30, 2025.
Executive chairman Jurie Wessels said alongside this negotiations with other potential offtakers are also progressing.
'These may lead to the staged or full-scale development of beneficiation through concentration capacity, enabling the production of higher-grade ore,' he said.
'Concurrently, we are assessing commercialisation opportunities with entities that possess downstream processing capabilities.'
Patriot Battery Metals (ASX:PMT)
This week the company confirmed that the Shaakichiuwaanaan project in Canada hosts the world's largest pollucite-hosted caesium pegmatite deposit.
PMT declared a maiden Caesium Zone resource estimate of 163,000t at 10.25% caesium, 1.78% lithium, and 646 ppm tantalum (indicated) at the Rigel zone, and 530,000t at 2.61% caesium, 2.23% lithium, and 172 ppm tantalum (indicated) at the Vega zone.
President, CEO and managing director Ken Brinsden said what's particularly existing for investors is that the addressable market for caesium appears to be at a key inflexion point, 'with its ability to improve the efficiency and stability of next generation terrestrial solar technologies having the potential to drive a massive increase in global demand.'
'Shaakichiuwaanaan stands to play a driving role in the growth of this exciting new market,' he said.
'As we finalise the maiden lithium-only Feasibility Study for the CV5 Pegmatite, we are excited to start work on unlocking the enormous potential of the caesium resource.'
Shaakichiuwaanaan is already North America's largest hard rock spodumene hosted lithium resource.
At Stockhead, we tell it like it is. While Renascor Resources, Kingsland Minerals, iTech Minerals, Buxton Resources and Green Critical Minerals are Stockhead advertisers, they did not sponsor this article.
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The Advertiser
an hour ago
- The Advertiser
Trump fires jobs data commissioner after dismal report
US President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent US market indexes about 1.5 per cent lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted US government economic data as free from political manipulation. US President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent US market indexes about 1.5 per cent lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted US government economic data as free from political manipulation. US President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent US market indexes about 1.5 per cent lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted US government economic data as free from political manipulation. US President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent US market indexes about 1.5 per cent lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted US government economic data as free from political manipulation.
Perth Now
2 hours ago
- Perth Now
Trump fires jobs data commissioner after dismal report
US President Donald Trump has removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes." The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent US market indexes about 1.5 per cent lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted US government economic data as free from political manipulation.
ABC News
3 hours ago
- ABC News
'Perfect storm' points to US recession and RBA interest rate cut
Global financial markets have responded swiftly to much-worse-than-expected US economic data. Total non-farm payroll employment rose by 73,000 in July, which was well below expectations of over 100,000 jobs. However, combined with "shocking" revisions to employment data from May and June, there were 258,000 fewer jobs than previously expected. The weak data followed another round of changes to reciprocal tariffs. US President Donald Trump signed an executive order on Friday, Australian time, that adjusted so-called reciprocal tariffs on many countries, with new levies ranging from 10 per cent to 41 per cent. Mr Trump told NBC News in a phone interview that he was open to more compelling offers, but it was "too late" for some nations to avoid duties as of next week. "It was a perfect storm," Marcus Today senior portfolio manager Henry Jennings said. "Weak revisions weighed more than the actual [July data]. "[The employment data for July] could have been explained away." Analysts said there was head-scratching among financial market participants around how the employment data for May and June could have been so inaccurate. Mr Trump responded by sacking Bureau of Labor Statistics commissioner Erika McEntarfer. "Trump blames the messenger, but uncertainty and tariffs are the real cause," Mr Jennings said. "[There has been] too much complacency [in financial markets] and reliance on technology [stocks] which is not the real world or economy. "Chickens coming home to do their thing." Wall Street's benchmark index, the S&P 500, closed down 101 points, or 1.6 per cent. France's CAC fell close to 3 per cent, while Germany's DAX fell 639 points, or 2.7 per cent. Investors sold equities or shares and bought US government bonds, sending their yields sharply down. Bond yields move inversely to their prices. The 10-Year US Treasury bond fell 0.15 per cent to 4.225 per cent. "Bond markets had their biggest one-day drop in yields after a very soft jobs number and big downward revisions to prior months," Jamieson Coote Bond's James Wilson said. "Bond markets are pricing in further economic slowdown and questioning whether the Federal Reserve will now need to cut more aggressively or put the US into recession." FNArena finance commentator, Danielle Ecuyer, said the news of tariffs and disappointing US economic data hit global stock markets that had been flirting with record highs. "US markets went into Friday's disappointing job report at record levels," she said. "When combined with higher than expected global tariffs, including on major trading partners like Canada, and a poor earnings outlook from tech giant Amazon, it was enough for profit taking and sellers to move in. "August is a typically weak and volatile month for equity markets as the northern hemisphere goes on holiday. Wilson Asset Management owner Geoff Wilson told the ABC that global financial markets were now pricing in a serious downturn for the US economy. "Markets are reacting to noise in the data as if a hidden recession has emerged, while the core indicators still align with a resilient economy." He said the latest US jobs report supports the case for an interest rate cut from the Federal Reserve at its next meeting. But that would be a mistake, he argued, if the disappointing jobs data was not reflective of the health of the US economy. "If the Federal Reserve cuts [interest rates] now, it risks undermining its credibility," Mr Wilson said. Mr Trump said on early Saturday morning, Australian time, that the Federal Reserve Board should "… assume control and do what everyone knows has to be done." He later wrote on social media, "Jerome 'Too Late' Powell, a stubborn moron, must substantially lower interest rates, now." Australia's Reserve Bank has previously said it was watching US economic developments, and the interactions between Jerome Powell and Donald Trump, closely. "I can't speak to what goes through Mr Trump's mind," RBA governor Michele Bullock told journalists at the bank's July press conference. "I'm not sure anyone can. "Obviously, I think as we all know, Jay Powell's term is coming to an end. "It's going to be interesting to see what happens from here. "But I would say that generally, the general principle around the world of central bank independence still remains a very firm guiding light," she said. For Australians, overnight developments could be positive. The news saw the Australian dollar climb over 1 per cent to near 65 US cents, which would be welcomed by travellers. It has since edged back slightly. As for mortgage borrowers, analysts say a US recession would force the Federal Reserve to slash borrowing costs. Based on movement in Australian money markets overnight, there could be similar downward pressure on local interest rates. Australia's 3-Year Bond plummeted overnight, down 0.118 points to 3.331. "[The RBA] may be thinking about cutting interest rates by 0.5 percentage points at its next meeting," Mr Wilson told the ABC.
