Deal gets US-China trade truce back on track: Trump
A White House official said the 55 per cent represents the sum of a baseline 10 per cent "reciprocal" tariff Trump has imposed on goods imported from nearly all US trading partners; 20 per cent on all Chinese imports because of punitive measures Trump has imposed on China, Mexico and Canada associated with his accusation that the three facilitate the flow of the opioid fentanyl into the US; and finally pre-existing 25 per cent levies on imports from China that were put in place during Trump's first term in the White House.
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News.com.au
17 minutes ago
- News.com.au
Argonaut Algorithm: Lithium stocks are getting cheaper, so you don't need to skimp on quality
Argonaut Funds Management's David Franklyn joins Stockhead to share investing secrets from the high-conviction resource sector investing fund, including his junior stock pick of the month. Lithium prices have tumbled to a fresh four year low of late. After numerous dead cat bounces in the US$800/t range last year, 6% Li2O spodumene – the kind of lithium produced by WA's hard rock miners – is trading at US$620/t according to Fastmarkets. Those are levels that only Greenbushes in WA's South West, the highest grade hard rock lithium mine in the world, is really making money on. Prices last bottomed out at US$375/t in March 2020, before the EV boom that temporarily sent them as high as US$8000/t on the spot market in late 2022. It's impossible to predict if and when that could happen again. But fund manager David Franklyn has an important message. With lithium stocks all off the boil, it's the right time to trade out marginal players for true quality. It's like heading to a McDonalds only to find out the place next door is selling a porterhouse for only a couple bucks extra. "I think the advantage you have where you're looking at a sector where it's near the bottom of the cycle rather than near the top of the cycle, is you don't need to compromise on quality," he said. "What we tend to do is go, do we think we can double our money in the next three years? "You don't really know when that turn in the market is going to happen, whether it happens in the first three months that you own it or whether it happens in two years and nine months. "We're here for a medium-term investment and we're happy to wait and see when that return actually pays off." The turn It's impossible to really say where the top or bottom of any market is. Despite the hype around the battery metal, lithium remains small and immature, with price-setting opaque and futures markets in their infancy. It can make it hard to truly assess the role supply and demand plays in setting prices, especially with two of the market's biggest end users – dominant Chinese battery producer CATL and EV maker BYD stepping upstream into the raw materials space to secure their own supply chains. They operate higher cost lepidolite mines, a lower grade, lower quality form of hard rock lithium, that counts as a major swing factor for lithium supply – a market otherwise dominated by Australian and African spodumene and South American brines. "The industry is dominated by CATL and BYD. They produce about over 55% of global batteries. And therefore they're the biggest buyer of lithium," Franklyn said. "You could argue they're bringing on high cost lepidolite a time the market's slightly oversupplied to force the price down, because ultimately they're a big buyer of lithium and by doing that they're reducing their purchase price. "It reflects the fact that lithium is still a small market, it's dominated by a small number of major players and therefore it is open to some form of manipulation." Yet feedback from lithium suppliers suggests demand remains strong. "You've got a doubling of (demand in) the industry in the next five years and you have prices that are going down," Franklyn said. "I think we're getting near the bottom of the market and the question is do you start to chip away at some of these good quality lithium stocks." There are four serious players in the lithium mining space – Pilbara Minerals (ASX:PLS), IGO (ASX:IGO), which owns ~25% of Greenbushes, Mineral Resources (ASX:MIN) and Liontown Resources (ASX:LTR). MinRes and Liontown are "very good businesses" but still have debt concerns to address. "At this point in the cycle, do you want to take on the additional risk? And our view is, I don't think you need to," Franklyn said. With IGO saddled by two troublesome lithium refining plants and a nickel business that's winding down, that makes the cashed up Pilbara the standout option for Argonaut. "The benefit of Pilbara is it's got net cash of about $700m and it's very well positioned," Franklyn said. "I'd probably put Pilbara slightly ahead of IGO." PLS shares rose a heady 5.6% on Wednesday to $1.425 after a 23% increase in lithium resources at its flagship Pilgangoora mine in WA's North West to 446Mt at 1.28% Li2O. It remains some way of its $5.31 boom time highs. Junior stock of the month Patriot Battery Metals (ASX:PMT) For Franklyn, the Canadian developer led by former PLS MD Ken Brinsden remains the standout junior stock in the lithium market. "At the developer level the benefit you've got is you can focus on quality," Franklynsaid. "It's got a market cap of $420m, it's the largest hard rock lithium asset in the Americas, it's high grade, simple mineralogy, it's got VW's as a strategic partner, it has got 4.8 million tonnes of contained LCE, so it's huge. " It kind of ticks all the boxes as a high-quality emerging player in the lithium space. And being in North America also makes some sense as, as you see what's happenin with the US and Canada, where Canada's making projects easy to get up and running, and the US is really pushing for critical minerals supply coming from areas close by." Argonaut Funds Management is a high conviction resource sector investor managing the Argonaut Natural Resources Fund and the Argonaut Global Gold Fund. David Franklyn is the Fund Manager for the Argonaut Natural Resources Fund. The views, information, or opinions expressed in this article are solely those of the interviewee and do not represent the views of Stockhead. Stockhead does not provide, endorse or otherwise assume responsibility for any financial product advice contained in this article.
News.com.au
17 minutes ago
- News.com.au
High Voltage: What the trade tariff truce means for rare earths
US and China call a 90-day truce on trade tariffs for critical minerals China's rare earths tariffs saw prices jump for dysprosium and terbium How US will secure future supply for permanent magnets remains to be seen Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. After four months of retaliatory tariffs and imbroglio, Chinese and US officials agreed to a trade war truce on Wednesday, and the world breathed a collective sigh of relief. While the details are thin, Reuters reports the two countries have agreed on a framework to remove export restrictions and boost trade volumes. 'We have reached a framework to implement the Geneva consensus and the call between the two presidents,' US Commerce Secretary Howard Lutnick said. 'The idea is we're going to go back and speak to President Trump and make sure he approves it. They're going to go back and speak to President Xi and make sure he approves it, and if that is approved, we will then implement the framework.' While generally good news, it could be a bit of a blow for gold, rare earths and uranium stocks who were angling to become the new strategic – and western (ish) – sources of energy and critical minerals outside of China. Despite the 90-day truce, the export restrictions on rare earths especially saw prices jump, due to the US scrambling to source these essential minerals for its defence sector, energy and automotive technologies. China issued controls on the export of heavy rare earths, essential to the manufacture of permanent magnets and other high-tech items used in those critical industries that saw shipments slow to a crawl post "Liberation Day". That promised disaster for western factories with close to all of the refined samarium, dysprosium, terbium and more from the heavy end of the spectrum finished in China. Benchmark Minerals Intelligence research manager Neha Mukherjee said not just the US but all global EV manufacturers or anyone using permeant rare earth magnets containing dysprosium and terbium and medium and heavy rare earths were affected by the tariffs. 'Military organisations were affected the most, not just US but even Europeans as well,' she said. 'The basket value of terbium, which was around $700/kg in March, shot up to more than $1000/kg in mid-April, which is a huge spike, a more than 25% spike. 'Dysprosium saw a little bit of muted impact. There was a deficit in the market but there's enough stockpile in the market to meet demand for now.' What the truce will mean for rare earth stocks remains to be seen because there's no guarantee it will last beyond August – it's simply a pause. And if we've learnt anything from the previous Trump Administration, it's that he loves to change his mind and keep you guessing. So, time will tell if we're looking at a resumption of trade or a rekindling of rivalry. 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 EV1 Evolutionenergy 0.013 63% 44% -46% -68% $4,714,456 NH3 Nh3Cleanenergyltd 0.037 61% 37% 68% 131% $20,325,772 ADD Adavale Resource Ltd 0.0015 50% -25% -40% -63% $2,287,279 ASM Ausstratmaterials 0.71 43% 7% 41% -20% $128,751,884 KGD Kula Gold Limited 0.01 43% 25% 51% -12% $8,291,283 EVR Ev Resources Ltd 0.007 40% 40% 250% 17% $11,915,020 WC1 Westcobarmetals 0.021 40% 40% 62% -58% $4,375,969 CZN Corazon Ltd 0.002 33% 0% -33% -71% $2,369,145 RLC Reedy Lagoon Corp. 0.002 33% 33% 0% -50% $1,165,060 LSR Lodestar Minerals 0.008 33% -56% -50% -75% $2,228,967 AOA Ausmon Resorces 0.002 33% 0% 0% -33% $2,622,427 EMN Euromanganese 0.225 29% 5% 15% -41% $14,211,434 YAR Yari Minerals Ltd 0.009 29% 29% 125% 125% $4,992,403 BSX Blackstone Ltd 0.096 26% 37% 256% 93% $66,569,788 TMB Tambourahmetals 0.025 25% 0% -11% -65% $3,677,251 RGL Riversgold 0.005 25% 11% 67% -17% $8,418,563 WSR Westar Resources 0.005 25% 0% -38% -50% $1,993,624 MIN Mineral Resources. 24.89 23% 18% -32% -63% $5,052,493,309 AAJ Aruma Resources Ltd 0.011 22% 10% -15% -31% $2,775,727 PGM Platina Resources 0.023 21% 10% 28% 0% $14,333,148 IPT Impact Minerals 0.006 20% 0% -42% -67% $23,731,980 ALY Alchemy Resource Ltd 0.006 20% 0% 0% -14% $7,068,458 TON Triton Min Ltd 0.006 20% 20% -25% -50% $9,410,332 AM7 Arcadia Minerals 0.018 20% 0% -18% -67% $2,112,902 KTA Krakatoa Resources 0.012 20% 20% 20% -20% $7,441,608 PMT Patriotbatterymetals 0.28 19% 14% -7% -63% $142,916,339 SRL Sunrise 0.5 19% -5% 117% 19% $44,662,612 TLG Talga Group Ltd 0.46 18% 8% 5% -17% $181,837,210 A11 Atlantic Lithium 0.135 17% -4% -44% -70% $83,177,678 MEI Meteoric Resources 0.135 17% 36% 53% -25% $303,792,162 PBL Parabellumresources 0.055 17% 10% 8% 31% $3,426,500 SRI Sipa Resources Ltd 0.014 17% 17% 0% -7% $5,829,577 TKM Trek Metals Ltd 0.073 16% 11% 181% 128% $42,830,769 CHN Chalice Mining Ltd 1.435 15% 27% 14% -3% $566,033,977 PLS Pilbara Min Ltd 1.3825 15% -6% -39% -61% $4,585,550,259 PUR Pursuit Minerals 0.049 14% 32% -66% -76% $4,388,294 PGD Peregrine Gold 0.17 13% 13% 31% -21% $13,151,400 BMM Bayanminingandmin 0.035 13% 13% -36% -39% $3,603,439 MEK Meeka Metals Limited 0.175 13% 21% 122% 447% $402,512,827 IPX Iperionx Limited 4.18 13% 18% -8% 96% $1,356,434,293 SBR Sabre Resources 0.009 13% 29% -10% -47% $3,550,157 EVG Evion Group NL 0.018 13% 6% -14% -10% $7,828,559 ENV Enova Mining Limited 0.009 13% 0% 29% -47% $11,308,006 LCY Legacy Iron Ore 0.009 13% 13% 0% -33% $87,858,383 SGQ St George Min Ltd 0.028 12% 8% 12% 12% $74,839,028 FBM Future Battery 0.019 12% -14% 6% -46% $12,038,507 LIT Livium Ltd 0.01 11% 25% -38% -61% $16,905,071 MQR Marquee Resource Ltd 0.01 11% 11% -41% -23% $5,024,723 MRR Minrex Resources Ltd 0.01 11% 18% 25% -5% $10,848,675 IMI Infinitymining 0.01 11% 25% -38% -64% $4,230,158 DVP Develop Global Ltd 4.52 11% 31% 88% 111% $1,242,968,322 AQD Ausquest Limited 0.061 11% 15% 578% 294% $83,356,713 EGR Ecograf Limited 0.33 10% 20% 255% 136% $149,863,500 LTR Liontown Resources 0.67 10% 6% 12% -38% $1,737,024,561 NWM Norwest Minerals 0.012 9% -8% -33% -42% $12,588,661 GAL Galileo Mining Ltd 0.125 9% 4% 9% -53% $24,703,116 IGO IGO Limited 4.29 8% 3% -16% -34% $3,309,260,343 SMX Strata Minerals 0.013 8% -13% -38% -43% $3,183,078 MTM MTM Critical Metals 0.49 8% 92% 158% 1224% $235,022,242 WR1 Winsome Resources 0.145 7% -9% -69% -85% $34,145,083 CXO Core Lithium 0.089 7% 27% 1% -11% $195,014,415 PSC Prospect Res Ltd 0.15 7% 0% 55% 7% $101,759,277 BYH Bryah Resources Ltd 0.015 7% 200% 275% 88% $13,049,303 NTU Northern Min Ltd 0.031 7% -6% 35% -28% $250,714,675 EFE Eastern Resources 0.031 7% 15% -6% -48% $3,908,788 MHK Metalhawk. 0.495 6% 14% 48% 800% $60,821,282 SYA Sayona Mining Ltd 0.017 6% -6% -45% -54% $196,236,032 REE Rarex Limited 0.019 6% -37% 81% 19% $16,562,952 SCN Scorpion Minerals 0.019 6% 12% 46% 6% $9,957,068 CRI Criticalim 0.019 6% 6% 46% -27% $51,251,523 HRE Heavy Rare Earths 0.04 5% 38% 25% 65% $8,321,355 ABX ABX Group Limited 0.044 5% 10% 16% -12% $10,790,123 DM1 Desert Metals 0.022 5% 22% -4% 10% $9,730,305 A8G Australasian Metals 0.069 5% -1% -14% -14% $3,994,391 ESR Estrella Res Ltd 0.046 5% 28% 109% 1050% $90,286,102 GT1 Greentechnology 0.024 4% -11% -61% -68% $11,404,081 ETM Energy Transition 0.048 4% -13% 78% 66% $72,916,208 GLN Galan Lithium Ltd 0.097 4% -8% -19% -49% $92,628,498 LIN Lindian Resources 0.125 4% 9% 42% 14% $144,177,780 TOR Torque Met 0.125 4% 26% 155% -43% $64,854,956 BCA Black Canyon Limited 0.08 4% 38% 16% -20% $10,372,056 ARL Ardea Resources Ltd 0.405 4% -4% 29% -27% $84,691,198 KAI Kairos Minerals Ltd 0.027 4% 29% 108% 200% $68,403,717 ATM Aneka Tambang 0.83 4% -13% -12% -22% $1,082,029 BKT Black Rock Mining 0.028 4% 40% -10% -53% $41,144,317 VTM Victory Metals Ltd 0.845 4% 32% 106% 219% $94,742,753 FGR First Graphene Ltd 0.029 4% -28% 0% -45% $20,217,966 RNU Renascor Res Ltd 0.059 4% -13% 0% -44% $150,043,815 LYC Lynas Rare Earths 8.515 3% 11% 22% 30% $8,044,843,099 ARU Arafura Rare Earths 0.165 3% -11% 38% -8% $406,614,234 AXN Alliance Nickel Ltd 0.035 3% 9% -17% -8% $26,130,226 NIC Nickel Industries 0.705 3% 14% -22% -23% $3,103,054,151 RON Roninresourcesltd 0.195 3% -11% 18% 56% $7,873,127 CHR Charger Metals 0.043 2% 13% -39% -43% $3,251,651 KZR Kalamazoo Resources 0.086 2% -3% -2% -5% $18,867,842 VHM Vhmlimited 0.24 2% -23% -48% -46% $60,515,988 HAW Hawthorn Resources 0.049 2% -9% 23% -30% $16,415,765 CY5 Cygnus Metals Ltd 0.1 2% 19% -13% 96% $85,113,167 BHP BHP Group Limited 38.67 2% 3% -8% -12% $198,217,496,777 ARR American Rare Earths 0.27 2% 0% 2% 17% $139,541,407 SYR Syrah Resources 0.285 2% -10% 8% -34% $297,039,772 AR3 Austrare 0.057 2% -16% -48% -40% $12,295,267 SYR Syrah Resources 0.285 2% -10% 8% -34% $297,039,772 PTR Petratherm Ltd 0.295 2% -2% -6% 1635% $100,228,283 L1M Lightning Minerals 0.06 2% -6% -18% -29% $6,199,699 PAT Patriot Resourcesltd 0.065 2% 8% 51% -3% $10,401,460 OCN Oceanalithiumlimited 0.066 2% 120% 144% 70% $10,957,770 MLX Metals X Limited 0.5375 1% 2% 30% 34% $487,515,346 NVX Novonix Limited 0.415 1% -17% -32% -38% $263,990,441 NWC New World Resources 0.048 1% 60% 129% 37% $169,981,523 VUL Vulcan Energy 3.92 1% -16% -41% -20% $903,118,986 QXR Qx Resources Limited 0.003 0% -14% -25% -63% $3,930,987 AZL Arizona Lithium Ltd 0.006 0% -40% -50% -75% $31,621,887 RIL Redivium Limited 0.004 0% 0% 0% 33% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% -33% $17,178,371 MRD Mount Ridley Mines 0.002 0% 0% -80% -80% $1,556,978 LKE Lake Resources 0.031 0% 0% -24% -43% $55,897,643 INR Ioneer Ltd 0.115 0% -18% -32% -32% $270,902,339 MAN Mandrake Res Ltd 0.019 0% 6% -17% -39% $11,917,938 CLA Celsius Resource Ltd 0.007 0% -13% -36% -30% $21,948,419 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 VRC Volt Resources Ltd 0.004 0% -20% 33% -20% $18,739,112 PNN Power Minerals Ltd 0.058 0% -8% -34% -60% $7,387,039 AXE Archer Materials 0.28 0% 6% -2% -24% $68,808,694 ARN Aldoro Resources 0.31 0% -15% 22% 392% $55,422,216 JRV Jervois Global Ltd 0.011 0% 0% 0% -27% $29,730,402 CTM Centaurus Metals Ltd 0.39 0% 13% -6% -15% $183,779,449 VML Vital Metals Limited 0.002 0% -33% -20% -50% $11,790,134 AVL Aust Vanadium Ltd 0.01 0% -9% -17% -38% $86,346,581 LEL Lithenergy 0.37 0% 0% 0% -8% $41,440,581 RMX Red Mount Min Ltd 0.009 0% 13% -10% -10% $4,649,578 LML Lincoln Minerals 0.0045 0% 13% -25% -44% $9,461,564 MRC Mineral Commodities 0.026 0% 0% 0% 8% $25,596,288 QPM QPM Energy Limited 0.039 0% -11% -25% 22% $98,486,311 MOH Moho Resources 0.004 0% 0% -11% 0% $2,981,656 WKT Walkabout Resources 0.095 0% 0% 0% -21% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -30% -30% $1,905,017 BOA BOA Resources Ltd 0.02 0% 18% -13% -5% $2,467,057 SLZ Sultan Resources Ltd 0.005 0% -17% -29% -50% $1,157,350 MLS Metals Australia 0.018 0% -8% -25% -18% $13,116,951 AS2 Askarimetalslimited 0.007 0% -30% -42% -87% $2,829,195 EMS Eastern Metals 0.01 0% 0% -9% -73% $1,394,262 FG1 Flynngold 0.032 0% 28% 14% 14% $12,913,444 GSM Golden State Mining 0.007 0% 0% -22% -30% $1,955,594 LRV Larvottoresources 0.645 0% -15% 34% 659% $263,879,979 CTN Catalina Resources 0.004 0% 60% 42% 22% $9,704,076 TEM Tempest Minerals 0.004 0% -20% -20% -56% $3,511,212 OB1 Orbminco Limited 0.0015 0% 50% -28% -40% $4,796,352 LMG Latrobe Magnesium 0.009 0% -31% -64% -80% $23,639,310 KOR Korab Resources 0.008 0% 0% 0% 60% $2,936,400 CMX Chemxmaterials 0.026 0% 0% -16% -46% $3,354,580 NC1 Nicoresourceslimited 0.1 0% 37% 0% -20% $12,345,058 CMO Cosmometalslimited 0.016 0% -6% 7% -61% $5,154,170 ENT Enterprise Metals 0.002 0% 0% -50% -33% $2,362,635 AKN Auking Mining Ltd 0.008 0% 14% 60% -62% $4,598,230 EMT Emetals Limited 0.003 0% 0% -40% -40% $2,550,000 WIN WIN Metals 0.021 0% -9% 5% -40% $11,551,220 STM Sunstone Metals Ltd 0.017 0% 31% 113% 70% $96,934,781 WC8 Wildcat Resources 0.14 0% -26% -40% -59% $181,516,739 ASO Aston Minerals Ltd 0.022 0% 29% 144% 69% $28,491,414 ODE Odessa Minerals Ltd 0.006 0% 20% 20% 100% $9,597,195 LNR Lanthanein Resources 0.001 0% -50% -67% -75% $2,443,636 CLZ Classic Min Ltd 0.001 0% 0% 0% -67% $2,790,942 ILU Iluka Resources 3.66 0% -10% -29% -47% $1,619,825,940 IDA Indiana Resources 0.075 0% -6% 19% 76% $49,490,399 TAR Taruga Minerals 0.008 0% -11% -30% 33% $6,423,787 GRL Godolphin Resources 0.01 0% 11% -29% -55% $4,488,733 LNR Lanthanein Resources 0.001 0% -50% -67% -75% $2,443,636 KNI Kunikolimited 0.12 0% -8% -31% -43% $10,430,912 LLM Loyal Metals Ltd 0.13 0% 59% 8% -32% $13,095,298 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.002 0% -20% -40% -70% $3,729,668 EG1 Evergreenlithium 0.03 0% -19% -57% -62% $6,587,349 LU7 Lithium Universe Ltd 0.006 0% 20% -33% -62% $4,715,878 TMX Terrain Minerals 0.0025 0% -17% -17% -17% $5,621,392 MHC Manhattan Corp Ltd 0.022 0% 29% -4% -34% $5,167,776 FIN FIN Resources Ltd 0.005 0% -29% 25% -50% $3,474,442 ASR Asra Minerals Ltd 0.002 0% -20% -43% -56% $5,533,072 WA1 Wa1Resourcesltd 14.04 0% 21% -13% -16% $987,973,172 S32 South32 Limited 3 -1% 8% -15% -18% $13,792,238,828 PLL Piedmont Lithium Inc 0.094 -1% -18% -49% -48% $52,795,335 KM1 Kalimetalslimited 0.082 -1% -9% -37% -76% $6,876,339 ASL Andean Silver 1.135 -1% 16% 5% 63% $184,177,556 OMH OM Holdings Limited 0.305 -2% -3% -12% -34% $229,877,040 PEK Peak Rare Earths Ltd 0.27 -2% 157% 168% 31% $95,071,485 PEK Peak Rare Earths Ltd 0.27 -2% 157% 168% 31% $95,071,485 GRE Greentechmetals 0.043 -2% -12% -43% -77% $4,822,126 ZNC Zenith Minerals Ltd 0.039 -3% -11% -5% -37% $15,890,215 EMH European Metals Hldg 0.19 -3% -12% 36% -42% $39,414,494 RXL Rox Resources 0.2825 -3% -10% 49% 82% $208,774,927 SUM Summitminerals 0.035 -3% -8% -76% -90% $3,100,163 SRZ Stellar Resources 0.0165 -3% -8% 10% -8% $34,315,884 HAS Hastings Tech Met 0.3 -3% -6% 0% 7% $54,771,179 ADV Ardiden Ltd 0.145 -3% 4% 12% 0% $9,065,038 GL1 Globallith 0.145 -3% -15% -28% -53% $37,951,158 EMC Everest Metals Corp 0.145 -3% 0% 7% 38% $32,499,032 ITM Itech Minerals Ltd 0.028 -3% -29% -47% -61% $4,612,555 OD6 Od6Metalsltd 0.026 -4% -16% -10% -55% $4,172,167 RVT Richmond Vanadium 0.13 -4% -10% -48% -57% $28,478,463 DRE Dreadnought Resources Ltd 0.0125 -4% -11% 9% -38% $60,954,000 VMC Venus Metals Cor Ltd 0.12 -4% 9% 114% 40% $22,554,799 GED Golden Deeps 0.023 -4% 15% -18% -53% $4,073,891 BUR Burleyminerals 0.041 -5% 0% -25% -65% $7,427,860 COB Cobalt Blue Ltd 0.06 -5% 7% -13% -25% $26,245,492 JMS Jupiter Mines. 0.2 -5% 33% 48% -35% $382,403,143 ICL Iceni Gold 0.08 -5% 43% 25% 3% $24,845,444 CWX Carawine Resources 0.093 -5% -4% -4% -11% $21,959,667 INF Infinity Lithium 0.018 -5% -14% -22% -65% $8,506,658 1MC Morella Corporation 0.017 -6% -11% -45% -77% $6,561,124 E25 Element 25 Ltd 0.21 -6% -9% -19% -18% $48,008,604 JLL Jindalee Lithium Ltd 0.3775 -6% -1% 89% -14% $29,119,927 CAE Cannindah Resources 0.032 -6% -26% -24% -48% $22,570,479 DEV Devex Resources Ltd 0.078 -6% -6% -22% -79% $34,451,872 BNR Bulletin Res Ltd 0.062 -6% -18% 59% 48% $18,204,026 GBR Greatbould Resources 0.061 -6% -12% 36% -3% $46,407,138 AGY Argosy Minerals Ltd 0.015 -6% -25% -46% -85% $21,838,814 IXR Ionic Rare Earths 0.0075 -6% 0% 7% -38% $42,139,406 LEG Legend Mining 0.0075 -6% 7% -25% -42% $23,291,817 PNT Panthermetalsltd 0.015 -6% 0% 7% -52% $4,513,568 CDT Castle Minerals 0.089 -6% 25% 48% -41% $10,324,852 BC8 Black Cat Syndicate 0.83 -7% -14% 19% 181% $587,227,057 GW1 Greenwing Resources 0.027 -7% -10% -33% -52% $7,411,497 VR8 Vanadium Resources 0.013 -7% -7% -58% -78% $7,335,794 RAS Ragusa Minerals Ltd 0.013 -7% -32% 8% -38% $1,853,784 PFE Pantera Lithium 0.013 -7% -7% -28% -70% $6,159,188 KFM Kingfisher Mining 0.051 -7% 4% 16% -22% $2,739,465 ASN Anson Resources Ltd 0.05 -7% -6% -18% -55% $69,336,827 PVW PVW Res Ltd 0.012 -8% 0% -25% -48% $2,386,857 M24 Mamba Exploration 0.012 -8% 0% 0% -40% $3,541,987 OM1 Omnia Metals Group 0.012 -8% 33% -85% -85% $2,605,100 DLI Delta Lithium 0.17 -8% -19% -8% -32% $121,812,105 LOT Lotus Resources Ltd 0.165 -8% -11% -23% -58% $379,155,689 DYM Dynamicmetalslimited 0.27 -8% 26% 20% 64% $13,252,772 EUR European Lithium Ltd 0.042 -9% -19% -2% -21% $59,252,440 NMT Neometals Ltd 0.082 -9% 4% 1% -21% $63,862,282 SLM Solismineralsltd 0.091 -9% 14% 8% -9% $11,812,221 BUX Buxton Resources Ltd 0.04 -9% 33% -5% -44% $13,349,016 THR Thor Energy PLC 0.01 -9% -9% -23% -44% $7,107,898 LPM Lithium Plus 0.06 -9% 3% -40% -64% $8,103,240 KOB Kobaresourceslimited 0.035 -9% -9% -49% -77% $5,708,218 TVN Tivan Limited 0.095 -10% -14% 2% 44% $198,510,754 CNB Carnaby Resource Ltd 0.32 -10% 3% -4% -36% $71,942,491 AUZ Australian Mines Ltd 0.009 -10% -10% -18% 0% $13,285,865 BM8 Battery Age Minerals 0.054 -10% 2% -55% -66% $6,582,158 WMG Western Mines 0.175 -10% 3% 25% -58% $16,937,960 IG6 Internationalgraphit 0.052 -10% -17% 0% -41% $10,065,033 NVA Nova Minerals Ltd 0.335 -11% 3% 20% 63% $114,664,083 FLG Flagship Min Ltd 0.049 -11% -35% -16% -69% $10,858,075 RR1 Reach Resources Ltd 0.008 -11% -27% 7% -33% $6,995,451 FTL Firetail Resources 0.08 -11% 29% -13% 2% $30,022,210 RR1 Reach Resources Ltd 0.008 -11% -27% 7% -33% $6,995,451 ANX Anax Metals Ltd 0.008 -11% 14% -20% -79% $7,062,461 FRS Forrestaniaresources 0.07 -11% 49% 367% 30% $21,736,570 KNG Kingsland Minerals 0.084 -12% -24% -33% -51% $6,095,117 PVT Pivotal Metals Ltd 0.007 -13% 17% -22% -59% $6,350,581 AX8 Accelerate Resources 0.007 -13% -22% 0% -87% $5,580,321 RAG Ragnar Metals Ltd 0.021 -13% 17% 5% 24% $9,953,706 AVW Avira Resources Ltd 0.007 -13% 0% -65% -65% $1,610,000 FRB Firebird Metals 0.075 -13% -3% -32% -61% $11,246,551 STK Strickland Metals 0.135 -13% 29% 53% 17% $305,418,573 RBX Resource B 0.025 -14% -32% -31% -29% $2,879,612 DTM Dart Mining NL 0.003 -14% 0% -73% -84% $3,594,167 CRR Critical Resources 0.003 -14% 0% -50% -63% $9,149,774 M2R Miramar 0.003 -14% 0% -25% -68% $2,990,470 WCN White Cliff Min Ltd 0.022 -15% -35% 29% 5% $53,094,495 LM1 Leeuwin Metals Ltd 0.135 -16% -21% 125% 121% $13,608,862 1AE Auroraenergymetals 0.06 -17% 9% 30% -20% $10,743,824 AZI Altamin Limited 0.024 -17% -8% 0% -29% $13,788,069 S2R S2 Resources 0.07 -18% -26% 13% -42% $33,964,349 GCM Green Critical Min 0.0175 -20% 17% 150% 483% $42,952,495 REC Rechargemetals 0.015 -21% -6% -35% -58% $3,854,850 TKL Traka Resources 0.0015 -25% 50% 0% 0% $3,188,685 QEM QEM Limited 0.042 -30% -13% 27% -71% $9,928,815 G88 Golden Mile Res Ltd 0.012 -33% 9% 33% 0% $6,530,974 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 Code Company Price % Week % Month % Six Month % Year Market Cap Weekly Small Cap Standouts Alchemy Resources (ASX:ALY) The explorer has spotted 'compelling' new lithium targets at its Roe Hills farm-in with Japan Organization for Metals & Energy Security (JOGMEC) in WA. Recent detailed structural mapping in tandem with the extensive geochemical and geophysical dataset completed in the previous quarter, has returned three high priority areas for immediate follow-up which include pegmatite occurrences. 'A significant number of pegmatite areas have been identified in all three target areas, and with geologists in the field this week, we hope to further refine these areas to enable drill planning to commence as soon as possible,' CEO James Wilson said. JOGMEC can earn 51% interest by spending $6m on the project by 31 March 2029. Patriot Battery Metals (ASX:PMT) The company has found potential high-value by-products – such as caesium - within the existing lithium resource at its Shaakichiuwaanaan project in Canada. Widespread pollucite mineralisation – the optimal host mineral for caesium – has been confirmed at the Vega and Rigel zones. 'The presence of significant caesium mineralisation at Shaakichiuwaanaan, in addition to lithium and tantalum, reinforces the amazing endowment of the geology and the potential for other critical and strategic metals to further enhance and diversify future project economics,' president, CEO and managing director Ken Brinsden said. 'We are very keen to explore these value-add opportunities on top of what is already recognised as a world-class lithium pegmatite in its own right.' PMT expects to announce a maiden resource for caesium before the end of third-quarter 2025. Talga Group (ASX:TLG) Talga has secured a key mine permit in Sweden, after all appeals against the Nunasvaara South natural graphite mine Exploitation Concession, were dismissed by the Swedish Government. This means the Exploitation Concession granted by the Mining Inspectorate of Sweden (Bergsstaten) is now in force for the mine, which is part of Europe's largest and highest grade JORC classified natural graphite resource. The mine is vertically integrated with Talga's fully permitted Luleå anode refinery, set to produce 19,500 tonnes of sustainable high-performance Li-ion battery anode annually for EV, BESS and defence markets. 'This milestone showcases Talga's commitment to responsible resource development and the Swedish Government's positive decision means we now have all major permits in place for both the mine and refinery,' CEO Martin Phillips said. Pilbara Minerals (ASX:PLS) The miner has increased the resource at its Pilgangoora operations in WA to 446Mt an increased grade of 1.28% Li2O for 5.7Mt of lithia. That represents a 10% increase in total tonnage and 23% increase in contained lithium oxide compared with the June 30, 2024 mineral resource statement. 'The significant uplift in the mineral resource reaffirms our 100% owned Pilgangoora operation as one of the world's largest and highest-quality hard rock lithium assets,' managing director and CEO Dale Henderson said. 'This outcome is aligned with our strategy to optimise the operating base and unlock the full potential of this world-class asset, driving long-term value for our shareholders. 'The upgrade further consolidates PLS' position as a leading global lithium supplier. 'It reflects the fundamental strengths of our business – large-scale, high-quality assets, disciplined operations, a diversified supply chain, and a strong balance sheet. 'These strengths provide the resilience to navigate current market conditions, while preserving the flexibility to scale as the lithium market transitions to its next phase.' Argonaut's Hayden Bairstow, who has a $3.50 price target on PLS, said the higher grade and larger deposit will likely add to the Pilgangoora mine life. "The improvement in the average grade is a positive for PLS and should provide scope for extensions to the current mine life beyond the reserve," he said in a note. "Incorporating the higher-grade resource into our longer-term forecasts is largely offset by delaying the development timing of Salinas and factoring in the weaker spot spodumene price."
AU Financial Review
27 minutes ago
- AU Financial Review
US senator pushed to ground, handcuffed at LA briefing
Lawyers for Harvard University urged a federal judge to reinforce her block on the Trump administration's effort to bar the college from enrolling foreign students. In a filing in federal court in Boston on Thursday (Friday AEST), the university said the judge should do more to ensure the administrating is complying with her previous order. Harvard cited concerns that the administration would impose alternative restrictions on its ability to enroll foreign students. The filing is the latest salvo in the high-stakes battle between President Donald Trump and the US's oldest and richest university. Earlier, a Russian scientist at Harvard was freed on bail by a federal judge after spending four months in detention for failing to declare biological material she brought into the US for research. After winning release on Thursday, Kseniia Petrova is scheduled to reappear in court on June 18 for a hearing over whether the government will proceed with a criminal charge for smuggling, which carries a maximum sentence of 20 years in prison and a $US250,000 fine. In February, US customs agents detained the Russia-born researcher and revoked her visa because she didn't declare frog embryos that she brought on a flight into Boston's Logan Airport. After the Trump administration called Petrova a threat to national security, and she challenged efforts to deport her, she was charged in May with illegal smuggling.
