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15 hours ago
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- 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."
ABC News
16 hours ago
- Business
- ABC News
US dollar hits multi-year low as analysts warn of dangers of Trump policies
The US dollar is on the slide with seemingly no end in sight to the sell-off. Investors are shying away from the world's reserve currency as traders grow increasingly uncertain about United States' economic policy. From a geo-political perspective, two days of high-level talks in London between China and the US have yielded little fruit. The talks were to resolve conflicts that had emerged since a 90-day pause was placed on US-imposed trade tariffs. The two countries first met in Geneva, and the talks this week in London helped to wrap up those discussions. US President Donald Trump took to his social media platform Truth Social and said: "Our deal with China is done, subject to final approval from President Xi and me." But officials from both sides said the London agreement would not alter the broad outlines of the May truce, which lowered — but did not eliminate — new tariffs announced by the two countries since Trump launched a new trade war earlier this year. Financial markets are becoming somewhat numb to the ongoing trade war dramas, with the exception of currency markets. The drawn-out trade discussions, and the lack of any binding trade deal with the US's major trading partners, have led to an exodus out of the US dollar "The US dollar is under renewed pressure, probing multi-year lows," InTouch senior FX analyst Sean Callow told the ABC. "[The US dollar] started 2025 with strong momentum as investors priced in a 'Trump trade' of dollar gains, backed by loose fiscal policy supporting growth and making the Fed reluctant to cut rates. "Things started to unravel in March as Trump's tariff campaign proved more aggressive than expected and administration officials said they were willing to tolerate a weaker economy in the short term. "Recession fears surged on the April 2 tariff announcement, hurting the dollar's yield support." This dynamic also led to an enormous US Treasury bond sell-off as global investors began to question the durability of the United States' fiscal position. This pushed investors, Mr Callow said, into the euro. "Moreover, the sell-off in long-term Treasuries raised fears of a 'Sell America' trade, largely benefiting the euro," he said. "USD weakness has helped the Aussie [dollar] push above 65 cents, reaching highs since November." The US Dollar Index (DXY) tracks the value of the US dollar against a basket of countries. It hit its lowest level since January 2022 on Thursday at 97.8 at 9pm AEST. While the US dollar's slide is supporting the Australian dollar, it's not created as much of an updraft for the local currency as expected. "It is clear that the Aussie [dollar] is not investors' preferred alternative to the US dollar," Mr Callow said. Further US dollar weakness and Australian dollar strength may depend on how currency traders view the credibility of the Trump administration's policies. University of Michigan professor Justin Wolfers says Donald Trump's recent intervention in the Los Angeles riots is another sign for the financial markets that his policies are unpredictable and unorthodox. "That this is a White House, not given to respecting the usual guardrails of civil society, [which] was clear on January 6th," he said. Professor Wolfers told the ABC there was a sense in the US that Trump was leading the US down a dangerous policy path. "The sense of things fraying is, I think, very dangerous," he said. "There's a deep fear among a lot of people over here. "How far does [Trump's interventions in state affairs] go? "You can't rule out anything. "There are hushed conversations in the hallways everywhere with people saying how far does this go? "Or maybe he does what emerging autocrats always do, which is just skate close enough, where you're not quite sure where the law is meant to be." The direction of US interest rates, as determined by the US Federal Reserve, will also hold sway in terms of the direction of both the US and Australian dollars. As for the tariff war, US Treasury Secretary Scott Bessent said he expected the US would extend the existing 90-day pause on some of its most aggressive tariffs to allow trade talks with other countries to continue. The Australian dollar continues to trade around 65 US cents, up 4.5 per cent since the start of the year.
Bloomberg
a day ago
- Politics
- Bloomberg
China Scores a Week of Wins in Its US Standoff
Welcome to Balance of Power, bringing you the latest in global politics. If you haven't yet, sign up here. It's been a very good week for President Xi Jinping.
New York Times
2 days ago
- Business
- New York Times
Thursday Briefing: A Look at the U.S.-China Trade Deal
Trump said U.S.-China trade deal is 'done' After two days of talks in London, President Trump said yesterday that the U.S. and China had struck a deal to roll back some of the punitive measures they had taken against each other's economies in recent months. Under the agreement, China would relax its restrictions on shipments of rare earth minerals and magnets critical for some U.S. manufacturers. In return, the U.S. would not impose visa restrictions on Chinese students and would relax limits it had placed on some U.S. exports. The full details of the agreement were not immediately released. 'OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME,' Trump wrote on social media. 'RELATIONSHIP IS EXCELLENT!' Context: Economic tensions between the U.S. and China spiraled after Trump announced expansive tariffs in April. The escalation threatened businesses in both countries and risked empty shelves in American stores later this year. Tariffs: The levies between the two countries will remain unchanged, and a 90-day pause in implementing some of the tariffs will expire in August. The U.S. trade representative said that the two sides would remain in contact but that another meeting had not yet been scheduled. Analysis: 'From what we know of the agreement, it appears to merely unwind the damage and escalation from the president's own trade war,' my colleague Ana Swanson, who covers trade and international economics, told me. 'They haven't yet made any progress toward a new trade deal.' Want all of The Times? Subscribe.
Daily Mail
2 days ago
- Business
- Daily Mail
Trump says China trade deal is 'done'
By President Donald Trump declared a trade deal between the U.S. and China 'done' and announced new rare earth minerals he said would be coming into the U.S. from its top trade competitor. 'Our deal with China is done, subject to final approval with President Xi and me,' Trump posted Wednesday morning. 'Full magnets, and any necessary rare earths, will be supplied, up front, by China.' He also said Chinese students would continue 'using our colleges and universities,' something he said has 'always been good with me' despite his administration's crackdown on foreign students at top universities. The president said the U.S. is 'getting a total of 55 percent tariffs from China,' without further explanation, and that the U.S. would face a 10 percent tariff from Beijing . That keeps in place tariffs between the two countries that are at historically high levels, an indication that the matter is still not settled. Trump's morning post came before markets opened in New York, and followed trade negotiators announcing they had agreed on a framework following multi-day talks in London . The initial trading response was muted, on a day when new inflation data came in lower than expected. The Dow Jones Industrial Average had ticked up by less than a quarter of a percent, while the broader S&P was up about a tenth of a percent. The markets have already been on a tear, with the S&P rising for six out of the last seven trading days. 'First we had to get sort of the negativity out and now we can go forward,' Commerce Secretary Howard Lutnick told reporters. Trump even declared: 'relationship is excellent!' That comes despite years of reports of Chinese hacking and corporate espionage activities in the U.S., along with moves to supplant U.S. influence around the globe and partnering with Russia shortly before Moscow invaded Ukraine. The 55 percent U.S. tariff incorporates the 10 percent baseline tariff Trump imposed on imports from around the world. It also adds in 25 percent tariffs on China from his first term and another 20 percent he slapped on this year after accusing China of flooding the U.S. with deadly fentanyl. The U.S. and China clashed in a trade war in Trump's first term. Tensions rose again when a Chinese spy balloon traversed North America. After months of strain President Joe Biden sat down with Xi Jinping in Woodside, California in 2024 in an effort to get relations on a more stable path. Negotiators for the two countries met in Geneva in May to negotiate a pause in new tariffs Trump had imposed, prompting retaliation from Beijing and rattling markets. The prospect of new trade structure for the world's top two economic powers was expected to send markets soaring, although Wall Street traders have been honing their ways to gauge responses to Trump's topsy-turvy pronouncements on trade and tariffs. Weeks ago Trump exploded at a reporter who asked him about the 'TACO trade,' which stands for 'Trump Always Chickens Out.' In the case of what he announced on China, it appears Trump secured access for rare earth minerals he prizes – although some have been identified as being extracted through forced labor of oppressed minorities in China's far-western Xinjiang province. Titanium, lithium – which is critical to batteries – beryllium, and magnesium are among the products considered vital to manufacturing and products. Trump's announcement came on a day when the government announced the Consumer Price Index rose 2.4 percent in May, following a 2.3 percent increase in April. The numbers reflected the inflationary impact of Trump's tariffs, which are a tax on imports, but analysts aren't seeing the signs of runaway inflation that could rock the markets. So-called 'core' inflation, which excludes volatile commodities, was at 2.8 percent. Trump's post that he was 'always good' with Chinese students clashes with a crackdown in his administration. Under a policy announced by Secretary of State Marco Rubio, the administration announced an 'aggressive' move against Chinese students, 'including those with connections to the Chinese Communist Party or studying in critical fields.' 'We will also revise visa criteria to enhance scrutiny of all future visa applications from the People's Republic of China and Hong Kong,' Rubio said.
