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Zawya
01-07-2025
- Automotive
- Zawya
EV Metals Group's lithium chemical plant project receives special recognition
EV Metals Group plc ('EVM' or 'the Company'), a global battery chemicals and technology company, is pleased to announce that it has received a Special Recognition Award in the Best New Project category at the prestigious Fastmarkets Voltas Awards, held in Las Vegas, United States. The Fastmarkets Voltas Awards celebrate outstanding innovation and impact across the global battery raw materials supply chain. The Best New Project category recognises pioneering initiatives in mining, refining or recycling that demonstrate exceptional innovation, measurable outcomes, scalability and long-term benefits to the industry. EVM's flagship Lithium Chemicals Plant (LCP) to be built in Yanbu Industrial City, Kingdom of Saudi Arabia, was one of 14 finalists selected from a highly competitive field of global project submissions. The Special Recognition Award highlights the LCP's strategic importance in developing geopolitically aligned, sustainable supply chains for high-purity lithium chemicals critical to the energy transition. Luke Fitzgerald, Chief Executive Officer of EV Metals Group, commented: 'We're honoured to receive this recognition from Fastmarkets, one of the most respected voices in the global battery materials industry. This award is a testament to the hard work and dedication of our entire team, our partners, and the ongoing support of our shareholders. It also reflects the scale of ambition underway in Saudi Arabia to become a major player in the clean energy value chain. Our Lithium Chemicals Plant in Yanbu is more than just a project – it's part of a broader industrial transformation aligned with Vision 2030.' Abdullah Busfar, Chairman of EV Metals Group, added: 'This award reflects the important role Saudi Arabia is playing in building the industries of the future. Our Lithium Chemicals Plant supports Vision 2030 by helping to localise battery materials supply chains and drive industrial transformation. We're proud to contribute to the Kingdom's progress.' EVM's Lithium Chemicals Plant is being developed as the first-of-its-kind midstream refining hub in the region. Stage 1 will produce 25,000 tonnes per year of battery-grade Lithium Hydroxide Monohydrate, followed by 22,000 tonnes per year of Lithium Carbonate. Designed to serve both domestic and high-growth international markets including Europe, India, and North America, the LCP will help address forecast supply deficits by 2030 while catalysing downstream investment and enabling the localisation of battery materials manufacturing in the Kingdom. By leveraging Saudi Arabia's strategic location, low-cost energy, and world-class infrastructure, the project is set to reshape global battery materials supply chains and contribute meaningfully to the Kingdom's broader economic diversification goals. -Ends- EV Metals Group plc Luke Fitzgerald Chief Executive Officer Mohammed Bajba Managing Director, EV Metals Arabia Garreth Young Marketing Manager About EV Metals Group plc EV Metals Group plc (EVM) is a global battery chemicals and technology business committed to a clean energy future. EVM is focused on the production of high purity chemicals required in rechargeable batteries for electric vehicles and renewable energy storage. Our business model is based on the integration of upstream (mining) and midstream (chemical refining) supply chains for critical minerals from geopolitically aligned sources to produce high purity battery chemicals vital to the global energy transition. Through our mine to refine value proposition, we will offer transparent and stable supplies of high purity battery chemicals to growth markets including the Middle East, Europe and North America. This will involve upstream mining and production of intermediate products via participation and ownership of mining mineral resources, facilitated by joint ventures and long-term offtake agreements for midstream processing at our planned chemical refining plant in the Kingdom of Saudi Arabia (KSA). Our flagship Lithium Chemicals Plant (LCP) in Yanbu Industrial City, KSA, is being developed as a midstream hub for diversification and geopolitical alignment of supply chains for electric vehicle and battery cell manufacturers. During its first stage, the LCP will produce 25,000 tonnes per annum (TPA) of battery-grade Lithium Hydroxide Monohydrate, followed by an additional 22,000 TPA of high purity Lithium Carbonate (Stage 1B). The LCP will contribute towards addressing expected global supply deficits while supporting Saudi Arabia's Vision 2030 industrialisation goals. Incorporated in 2014, EVM is a private company with operations in Western Australia and the Kingdom of Saudi Arabia. For further information on EVM please visit
News.com.au
26-06-2025
- Business
- News.com.au
High Voltage: China could knock Australia off top of lithium charts
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. Fastmarkets reckons China could overtake Australia as the top lithium miner as soon as next year. By next year, Chinese miners are expected to extract 8000 to 10,000t more than Australian rivals on an LCE basis, Fastmarkets forecasts. Australia has been the world's largest lithium miner since 2017. But a drop in prices has seen Aussie miners slow expansion plans and China has taken advantage via its low grade lepidolite mines. CATL did briefly pause lepidolite production at a key mine last year – Jianxiawo – but resumed output in February. Lepidolite lithium mining is more expensive and environmentally unfriendly compared to brines, but despite a market lull, China hasn't cut production, weathering low prices in the heavily integrated supply chain. Instead, miners have been subject to government pressure to keep operations open (and jobs alive) so the country can maintain its market share as demand for the metal rises, Fastmarkets head of battery raw materials research, Paul Lusty told Reuters. There's plenty of strong demand drivers (particularly for EVs and battery storage systems) however the market remains in oversupply. Argonaut expects spot spodumene prices to peak at US$1500/t in late 2026, which is likely to trigger a restart of existing capacity. 'A return to a balanced market is then forecast for 2027 before the widening deficit pushes prices higher in the long-term," head of research Hayden Bairstow said. Fastmarkets says by 2025 Chinese miners are likely to extract 900,000t LCE, compared to Australia's 680,000t, Chile's 435,000t and Argentina's 380,000t. 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 VML Vital Metals Limited 0.003 50% 50% 0% 0% $5,895,067 LML Lincoln Minerals 0.006 50% 9% 0% -8% $10,512,849 RLC Reedy Lagoon Corp. 0.002 33% 33% 0% -33% $1,553,413 MOH Moho Resources 0.004 33% -20% 0% 0% $2,981,656 EVR Ev Resources Ltd 0.008 33% 60% 300% 45% $13,900,857 CTN Catalina Resources 0.004 33% 100% 42% 42% $9,704,076 M2R Miramar 0.004 33% 0% -20% -53% $3,488,881 SRN Surefire Rescs NL 0.002 33% -20% -20% -70% $4,972,891 ZNC Zenith Minerals Ltd 0.039 30% -11% -9% -28% $14,824,754 GSM Golden State Mining 0.009 29% 13% 0% -10% $2,234,965 EVG Evion Group NL 0.018 20% 13% -28% 13% $8,263,479 ENT Enterprise Metals 0.003 20% 50% -25% -25% $3,543,952 RBX Resource B 0.03 20% 7% -17% -12% $3,455,535 TOR Torque Met 0.15 20% 25% 188% 7% $76,353,686 TKM Trek Metals Ltd 0.09 17% 58% 246% 173% $50,458,166 LEG Legend Mining 0.007 17% -13% -30% -36% $20,380,340 PBL Parabellumresources 0.052 16% 27% -4% 30% $3,239,600 GL1 Globallith 0.16 14% -6% -11% -41% $37,951,158 TEM Tempest Minerals 0.004 14% 0% 0% -50% $4,407,180 RR1 Reach Resources Ltd 0.008 14% -20% 14% -56% $6,995,451 AVW Avira Resources Ltd 0.008 14% 14% -60% -60% $1,840,000 RR1 Reach Resources Ltd 0.008 14% -20% 14% -56% $6,995,451 NWC New World Resources 0.059 13% 26% 247% 90% $203,677,058 BUR Burleyminerals 0.052 13% 4% -24% -63% $9,420,700 ATM Aneka Tambang 1.11 12% 23% 18% 4% $1,447,050 AUZ Australian Mines Ltd 0.01 11% 11% 0% 25% $15,383,633 MQR Marquee Resource Ltd 0.01 11% 11% -29% -9% $5,583,025 GRL Godolphin Resources 0.01 11% 0% -29% -47% $4,488,733 FLG Flagship Min Ltd 0.054 10% -23% 6% -66% $11,854,866 NH3 Nh3Cleanenergyltd 0.033 10% 43% 83% 175% $18,631,958 SUM Summitminerals 0.034 10% -8% -73% -93% $3,188,739 AXN Alliance Nickel Ltd 0.035 9% 6% -17% -13% $25,404,387 BCA Black Canyon Limited 0.105 9% 75% 59% 24% $13,613,323 VTM Victory Metals Ltd 0.895 9% 4% 124% 171% $98,187,944 IDA Indiana Resources 0.084 9% 5% 38% 95% $53,989,526 CHN Chalice Mining Ltd 1.67 8% 36% 53% 19% $620,497,727 YAR Yari Minerals Ltd 0.014 8% 133% 367% 367% $7,765,961 WC8 Wildcat Resources 0.145 7% -9% -38% -55% $181,516,739 WCN White Cliff Min Ltd 0.0225 7% -17% 32% 50% $57,921,268 INF Infinity Lithium 0.016 7% -20% -41% -69% $7,088,881 CMO Cosmometalslimited 0.017 6% -6% -2% -58% $5,798,441 WA1 Wa1Resourcesltd 15.48 6% 17% 22% -8% $986,618,856 LTR Liontown Resources 0.71 6% 12% 29% -21% $1,651,995,386 SRL Sunrise 0.9 5% 117% 319% 150% $98,102,473 RAG Ragnar Metals Ltd 0.021 5% 17% 11% 17% $9,005,734 GRE Greentechmetals 0.042 5% -14% -40% -68% $4,762,596 KFM Kingfisher Mining 0.048 4% 4% 20% -21% $2,578,320 PUR Pursuit Minerals 0.039 4% -3% -61% -74% $3,789,891 VUL Vulcan Energy 3.73 4% -13% -31% -3% $787,222,361 PLS Pilbara Min Ltd 1.35 4% -2% -38% -57% $4,006,322,857 STK Strickland Metals 0.14 4% 17% 75% 33% $316,730,372 A11 Atlantic Lithium 0.16 3% 14% -46% -56% $107,437,834 GLN Galan Lithium Ltd 0.098 3% -2% -22% -41% $90,049,970 CWX Carawine Resources 0.098 3% 2% -2% 4% $23,140,294 SGQ St George Min Ltd 0.033 3% 22% 32% 32% $82,857,495 BMM Bayanminingandmin 0.035 3% 25% -29% -33% $3,603,439 FRS Forrestaniaresources 0.075 3% -10% 477% 114% $22,978,660 FRB Firebird Metals 0.08 3% 0% -27% -52% $11,104,189 AQD Ausquest Limited 0.056 2% 10% 600% 426% $76,551,945 NIC Nickel Industries 0.7275 1% 8% -12% -11% $3,059,654,792 IPX Iperionx Limited 4.595 0% 29% -10% 135% $1,452,182,596 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% -33% -80% $1,556,978 CLA Celsius Resource Ltd 0.007 0% 0% -36% -46% $18,812,931 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 QEM QEM Limited 0.038 0% -30% -22% -69% $8,746,813 SBR Sabre Resources 0.008 0% -11% -20% -56% $3,155,695 VRC Volt Resources Ltd 0.004 0% -20% 33% -20% $18,739,112 NMT Neometals Ltd 0.073 0% -16% 3% -18% $53,090,331 PNN Power Minerals Ltd 0.058 0% -9% -39% -57% $7,514,401 SRI Sipa Resources Ltd 0.015 0% 25% -17% 15% $5,829,577 BUX Buxton Resources Ltd 0.038 0% -19% -5% -43% $13,006,734 LIT Livium Ltd 0.009 0% -10% -49% -55% $15,214,564 ARN Aldoro Resources 0.31 0% -7% 3% 319% $56,785,536 JRV Jervois Global Ltd 0.011 0% 0% 0% -39% $29,730,402 SYR Syrah Resources 0.26 0% -17% 44% -24% $260,561,204 ALY Alchemy Resource Ltd 0.005 0% -17% -29% -17% $7,068,458 LEL Lithenergy 0.37 0% 0% 0% -4% $41,440,581 MRC Mineral Commodities 0.026 0% 0% 0% 24% $25,596,288 PEK Peak Rare Earths Ltd 0.28 0% 4% 197% 73% $100,353,234 WKT Walkabout Resources 0.095 0% 0% 0% -14% $63,769,838 TON Triton Min Ltd 0.005 0% -17% -44% -58% $7,057,749 CNJ Conico Ltd 0.007 0% 0% -30% -30% $1,905,020 BOA BOA Resources Ltd 0.02 0% 18% 0% -20% $2,467,057 SLZ Sultan Resources Ltd 0.005 0% -17% -29% -38% $1,157,350 SMX Strata Minerals 0.012 0% -8% -48% -48% $2,938,226 MLS Metals Australia 0.018 0% -10% -18% -10% $13,116,951 EFE Eastern Resources 0.029 0% 7% 4% -42% $3,656,608 AX8 Accelerate Resources 0.007 0% -13% 8% -82% $4,903,132 AM7 Arcadia Minerals 0.016 0% -16% -16% -61% $1,878,135 BYH Bryah Resources Ltd 0.012 0% 200% 300% 71% $10,439,442 DTM Dart Mining NL 0.003 0% 0% -67% -84% $3,594,167 EMS Eastern Metals 0.01 0% 0% -33% -68% $1,394,262 LSR Lodestar Minerals 0.006 0% -14% -60% -80% $1,910,543 TMB Tambourahmetals 0.022 0% -8% -4% -56% $3,088,891 OB1 Orbminco Limited 0.001 0% 0% -40% -52% $3,197,568 KZR Kalamazoo Resources 0.088 0% 4% 7% 4% $19,306,629 KOR Korab Resources 0.008 0% 0% 0% 14% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -47% $3,354,580 KGD Kula Gold Limited 0.007 0% 0% 24% -26% $6,448,776 ENV Enova Mining Limited 0.007 0% -13% 40% -42% $11,660,801 EMT Emetals Limited 0.003 0% 0% -25% -25% $2,550,000 PGD Peregrine Gold 0.16 0% 14% 45% -30% $13,575,639 RAS Ragusa Minerals Ltd 0.014 0% -7% 40% -18% $1,996,383 RGL Riversgold 0.004 0% 0% 33% -33% $6,734,850 IG6 Internationalgraphit 0.051 0% -2% 13% -14% $9,871,475 ODE Odessa Minerals Ltd 0.006 0% 20% 0% 50% $9,597,195 CLZ Classic Min Ltd 0.001 0% 0% 0% -50% $3,017,699 OD6 Od6Metalsltd 0.026 0% -4% -38% -43% $4,172,167 PEK Peak Rare Earths Ltd 0.28 0% 4% 197% 73% $100,353,234 KTA Krakatoa Resources 0.011 0% 0% 22% -8% $7,441,608 M24 Mamba Exploration 0.014 0% 0% 17% -13% $4,132,319 LLM Loyal Metals Ltd 0.13 0% 30% 30% -30% $13,095,298 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SYR Syrah Resources 0.26 0% -17% 44% -24% $260,561,204 WSR Westar Resources 0.005 0% 11% -29% -44% $1,993,624 DYM Dynamicmetalslimited 0.255 0% -9% -9% 65% $12,516,506 TMX Terrain Minerals 0.002 0% -33% -33% -33% $5,063,629 FIN FIN Resources Ltd 0.004 0% -33% -20% -56% $2,779,554 HAW Hawthorn Resources 0.055 0% 10% 34% -11% $18,425,859 LCY Legacy Iron Ore 0.009 0% 0% 0% -28% $82,977,362 IGO IGO Limited 4.08 -1% -3% -15% -29% $2,983,635,183 CXO Core Lithium 0.09 -1% -2% 10% 5% $186,442,352 ARU Arafura Rare Earths 0.1675 -1% -1% 46% -7% $406,614,234 S2R S2 Resources 0.067 -1% -26% 3% -28% $32,537,794 A8G Australasian Metals 0.066 -1% -13% -15% -18% $3,820,722 INR Ioneer Ltd 0.0985 -2% -21% -36% -32% $252,992,734 RXL Rox Resources 0.285 -2% -7% 50% 138% $201,507,675 BM8 Battery Age Minerals 0.054 -2% 2% -46% -58% $6,460,267 DVP Develop Global Ltd 4.735 -2% 29% 115% 112% $1,309,294,241 PMT Patriotbatterymetals 0.245 -2% 2% -41% -56% $124,040,596 BHP BHP Group Limited 36.11 -2% -6% -9% -17% $183,294,079,606 ETM Energy Transition 0.045 -2% -8% 45% 114% $72,916,208 NC1 Nicoresourceslimited 0.088 -2% 21% -3% -30% $10,863,651 E25 Element 25 Ltd 0.22 -2% 5% -15% -2% $48,008,604 CHR Charger Metals 0.042 -2% -2% -34% -37% $3,174,230 JLL Jindalee Lithium Ltd 0.415 -2% -17% 77% 33% $30,677,184 PGM Platina Resources 0.0195 -3% -7% 8% -15% $12,463,607 JMS Jupiter Mines. 0.195 -3% 3% 39% -39% $382,403,143 HRE Heavy Rare Earths 0.036 -3% -5% 20% 14% $7,489,220 FG1 Flynngold 0.032 -3% 39% 19% 33% $12,522,127 SRZ Stellar Resources 0.0155 -3% -3% 3% -18% $31,196,259 LRV Larvottoresources 0.6 -3% -10% 28% 500% $235,018,106 EG1 Evergreenlithium 0.03 -3% -12% -53% -51% $6,806,927 PLL Piedmont Lithium Inc 0.088 -3% -9% -35% -37% $49,425,420 ADV Ardiden Ltd 0.145 -3% 0% 4% 16% $9,065,038 WMG Western Mines 0.145 -3% -31% -3% -61% $12,582,485 S32 South32 Limited 2.88 -3% -5% -16% -23% $12,800,639,958 PTR Petratherm Ltd 0.275 -4% -5% -8% 1428% $91,587,914 ILU Iluka Resources 3.635 -4% -7% -28% -45% $1,499,520,565 LOT Lotus Resources Ltd 0.1975 -4% 7% 7% -41% $450,272,832 AR3 Austrare 0.052 -4% -7% -44% -27% $11,023,343 FGR First Graphene Ltd 0.025 -4% -19% -7% -55% $18,720,339 LM1 Leeuwin Metals Ltd 0.125 -4% -11% 4% 178% $12,600,798 KM1 Kalimetalslimited 0.075 -4% -17% -29% -72% $6,213,559 LYC Lynas Rare Earths 9.175 -4% 13% 42% 51% $8,484,503,129 CTM Centaurus Metals Ltd 0.345 -4% -10% -4% -24% $173,845,425 GED Golden Deeps 0.021 -5% 17% -16% -40% $3,542,514 KAI Kairos Minerals Ltd 0.0305 -5% 9% 154% 205% $76,296,453 REE Rarex Limited 0.02 -5% 11% 150% 43% $18,403,280 DM1 Desert Metals 0.02 -5% 0% -13% 0% $9,288,018 ARL Ardea Resources Ltd 0.38 -5% -8% 23% -22% $76,800,714 AAJ Aruma Resources Ltd 0.0095 -5% -5% -14% -21% $2,951,465 EMN Euromanganese 0.19 -5% 0% 12% -42% $12,048,824 NVX Novonix Limited 0.38 -5% -22% -40% -49% $235,368,974 KNG Kingsland Minerals 0.076 -5% -28% -48% -62% $5,514,629 COB Cobalt Blue Ltd 0.056 -5% 0% -17% -24% $24,021,298 LKE Lake Resources 0.0275 -5% -14% -31% -35% $46,881,895 EGR Ecograf Limited 0.275 -5% -24% 206% 150% $133,968,887 OMH OM Holdings Limited 0.275 -5% -17% -23% -39% $218,383,188 MAN Mandrake Res Ltd 0.018 -5% 0% -18% -40% $11,290,679 QPM QPM Energy Limited 0.036 -5% -5% -29% 6% $90,910,441 SCN Scorpion Minerals 0.018 -5% 0% 38% 20% $9,957,068 WIN WIN Metals 0.018 -5% -5% 6% -25% $9,901,051 GT1 Greentechnology 0.018 -5% -28% -71% -77% $8,553,061 DEV Devex Resources Ltd 0.071 -5% -13% -24% -75% $32,243,419 BSX Blackstone Ltd 0.087 -5% 34% 200% 98% $63,138,355 WR1 Winsome Resources 0.13 -5% -13% -69% -82% $31,706,149 HAS Hastings Tech Met 0.255 -6% -19% -19% -7% $48,160,864 MRR Minrex Resources Ltd 0.0085 -6% -23% 6% -6% $9,221,374 EMH European Metals Hldg 0.165 -6% -25% -6% -34% $33,191,153 KOB Kobaresourceslimited 0.033 -6% -12% -56% -78% $5,782,533 ESR Estrella Res Ltd 0.049 -6% 32% 133% 1125% $98,493,929 PSC Prospect Res Ltd 0.16 -6% 14% 74% 0% $112,093,948 ASL Andean Silver 0.995 -6% 5% 24% 14% $152,422,805 FTL Firetail Resources 0.076 -6% 27% -5% 0% $29,262,154 EUR European Lithium Ltd 0.06 -6% 15% 76% 20% $70,813,892 NTU Northern Min Ltd 0.03 -6% 11% 50% -6% $259,071,830 CRI Criticaltd 0.015 -6% 7% 15% -29% $43,159,178 MEI Meteoric Resources 0.1125 -6% 7% 31% -30% $257,054,906 ASN Anson Resources Ltd 0.044 -6% -17% -21% -56% $61,016,408 MIN Mineral Resources. 21.14 -6% -11% -38% -62% $3,965,745,429 BNR Bulletin Res Ltd 0.058 -6% -15% 49% 26% $17,616,799 ITM Itech Minerals Ltd 0.029 -6% -15% -43% -44% $5,125,062 MLX Metals X Limited 0.5425 -6% 2% 36% 34% $474,219,473 AGY Argosy Minerals Ltd 0.014 -7% -22% -50% -81% $21,838,814 SYA Sayona Mining Ltd 0.014 -7% -13% -46% -60% $161,606,144 EMC Everest Metals Corp 0.14 -7% -7% 4% 17% $31,378,376 1AE Auroraenergymetals 0.055 -7% -28% 25% -14% $9,311,314 ABX ABX Group Limited 0.038 -7% -10% 19% -19% $9,067,734 BKT Black Rock Mining 0.025 -7% -4% -29% -54% $35,338,557 CY5 Cygnus Metals Ltd 0.087 -7% 13% -8% 93% $74,048,455 CDT Castle Minerals 0.074 -8% -20% -1% -38% $8,584,708 IPT Impact Minerals 0.006 -8% 0% -39% -58% $23,731,980 GW1 Greenwing Resources 0.024 -8% -20% -31% -45% $7,032,638 NWM Norwest Minerals 0.012 -8% 0% -12% -56% $11,620,303 OM1 Omnia Metals Group 0.012 -8% 9% -85% -85% $2,605,100 GCM Green Critical Min 0.023 -8% 64% 156% 475% $53,997,423 MTM MTM Critical Metals 0.62 -8% 80% 235% 1532% $293,260,733 RNU Renascor Res Ltd 0.056 -8% -16% -2% -40% $137,330,335 PVW PVW Res Ltd 0.011 -8% 0% -15% -48% $2,386,857 AZL Arizona Lithium Ltd 0.0055 -8% -8% -54% -71% $26,351,572 VMC Venus Metals Cor Ltd 0.105 -9% -5% 67% 50% $20,593,512 TLG Talga Group Ltd 0.4 -9% -4% -6% -35% $181,837,210 GAL Galileo Mining Ltd 0.1 -9% -20% -13% -50% $19,762,493 VHM Vhmlimited 0.2 -9% -17% -52% -52% $48,178,291 MHC Manhattan Corp Ltd 0.02 -9% -17% -5% -20% $4,463,079 CNB Carnaby Resource Ltd 0.345 -9% 17% -1% -34% $82,219,989 ARR American Rare Earths 0.245 -9% 0% -8% 0% $126,855,825 LPM Lithium Plus 0.058 -9% -11% -31% -61% $7,704,720 VR8 Vanadium Resources 0.019 -10% 27% -41% -69% $10,157,254 WC1 Westcobarmetals 0.019 -10% 19% 19% -47% $3,542,451 NVA Nova Minerals Ltd 0.32 -10% 0% -9% 68% $108,204,135 FBM Future Battery 0.018 -10% 6% -5% -45% $12,453,479 IMI Infinitymining 0.009 -10% 0% -18% -40% $3,807,142 THR Thor Energy PLC 0.009 -10% -18% -31% -40% $7,107,898 SLM Solismineralsltd 0.081 -11% -10% 14% 1% $11,163,198 RMX Red Mount Min Ltd 0.008 -11% 0% -20% -20% $4,184,620 MHK Metalhawk. 0.39 -11% -17% 39% 696% $52,306,302 1MC Morella Corporation 0.015 -12% -21% -46% -80% $5,467,604 L1M Lightning Minerals 0.06 -12% 0% -19% -17% $6,199,699 PAT Patriot Resourcesltd 0.052 -12% -19% 21% -13% $8,321,168 DLI Delta Lithium 0.165 -12% -11% 0% -25% $118,229,396 TVN Tivan Limited 0.092 -12% -12% 2% 23% $190,239,473 GBR Greatbould Resources 0.063 -13% -3% 50% 9% $47,928,684 IXR Ionic Rare Earths 0.0105 -13% 50% 75% 5% $52,674,258 AKN Auking Mining Ltd 0.007 -13% 0% 40% -68% $4,023,451 REC Rechargemetals 0.013 -13% -32% -28% -55% $3,340,870 AXE Archer Materials 0.225 -13% -15% -46% -31% $58,614,813 ASM Ausstratmaterials 0.535 -14% 6% 9% -30% $94,297,155 BC8 Black Cat Syndicate 0.77 -14% -8% 33% 157% $558,926,958 ICL Iceni Gold 0.055 -14% -8% -15% -14% $18,538,275 CRR Critical Resources 0.003 -14% 0% -50% -63% $7,842,664 EV1 Evolutionenergy 0.012 -14% 20% -48% -64% $4,351,806 AVL Aust Vanadium Ltd 0.0085 -15% -15% -29% -39% $77,711,923 RON Roninresourcesltd 0.14 -15% -30% -18% 17% $5,652,501 CAE Cannindah Resources 0.022 -15% -39% -45% -57% $16,017,759 G88 Golden Mile Res Ltd 0.011 -15% -27% 38% 0% $6,530,974 LMG Latrobe Magnesium 0.008 -16% -33% -60% -83% $21,012,720 AS2 Askarimetalslimited 0.005 -17% -29% -58% -89% $2,020,853 LIN Lindian Resources 0.1 -17% -17% 25% -9% $116,342,224 KNI Kunikolimited 0.1 -17% -23% -47% -57% $8,170,881 STM Sunstone Metals Ltd 0.014 -18% -7% 100% 47% $84,976,633 PFE Pantera Lithium 0.011 -19% -21% -35% -67% $4,737,837 MEK Meeka Metals Limited 0.1425 -19% 2% 90% 319% $451,934,301 OCN Oceanalithiumlimited 0.056 -19% -5% 115% 58% $9,297,502 DRE Dreadnought Resources Ltd 0.0095 -21% -21% -14% -59% $45,715,500 AZI Altamin Limited 0.018 -22% -33% -28% -48% $10,915,555 PNT Panthermetalsltd 0.013 -24% -13% 8% -29% $3,911,759 PVT Pivotal Metals Ltd 0.009 -25% 50% 13% -36% $8,165,033 RVT Richmond Vanadium 0.09 -25% -36% -57% -65% $17,963,338 ASR Asra Minerals Ltd 0.0015 -25% -25% -50% -63% $5,987,547 ANX Anax Metals Ltd 0.005 -29% -38% -55% -78% $3,531,230 TAR Taruga Minerals 0.007 -30% -13% -30% 0% $4,996,278 QXR Qx Resources Limited 0.002 -33% -50% -50% -71% $3,930,987 LNR Lanthanein Resources 0.001 -33% 0% -67% -71% $2,810,182 LNR Lanthanein Resources 0.001 -33% 0% -67% -71% $2,810,182 LU7 Lithium Universe Ltd 0.006 -40% 0% -29% -57% $5,501,857 CZN Corazon Ltd 0.001 -50% -50% -60% -83% $1,776,858 TKL Traka Resources 0.001 -50% -33% 0% -33% $2,125,790 ADD Adavale Resource Ltd 0.001 -50% -50% -50% -80% $2,287,279 AOA Ausmon Resorces 0.001 -50% -50% -33% -50% $2,622,427 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 ASO Aston Minerals Ltd 0 -100% -100% -100% -100% $28,491,414 LTM Arcadium Lithium PLC 0 -100% -100% -100% -100% $1,994,929,982 EV Resources (ASX:EVR) The company has appointed Miguel Barahona as President of Stibcorp, a fully owned Mexican subsidiary that holds its 70% interest in the Los Lirios antimony joint venture. The project consists of four licences covering 1652ha (16.52km2), three open pits, and several underground workings on a 7km trend that date back several generations. And the company is eyeing a restart of the open pit Mexican mine. It could be perfect timing, with the antimony price more quadrupling in the past year, rising from around US$13,000 to US$60,000 per tonne following China's export restrictions, then complete ban, of the mineral's sale to the US. It's used in a swathe of applications from weapons and flame retardants to solar panels, making it essential for national security and energy reliability. EVR is currently preparing for a work program at Los Lirios that includes examining sites for a pilot processing plant, and clearing and sorting broken material in the two past producing pits. 'We welcome Miguel to the EVR team, and are delighted to have his leadership as we prepare to advance the Los Lirios project,' MD Hugh Callaghan said. Catalina Resources is gearing up to start initial RC drilling within the Central Yilgarn project in H2 2025. The company acquired the Yerilgee and Evanston greenstone belts back in January from a wholly owned subsidiary of Dreadnought Resources (ASX:DRE). The project area covers an area of over 650km2, and over approximately 65km of strike, along the Yerilgee and Evanston greenstone belts. Catalina says the tenements present a rare exploration play over multiple greenstone belts with proven mineralisation potential for gold, iron ore, lithium, nickel and copper-zinc-silver massive sulphides. The drilling will focus on seven walk-up targets. Evion Group (ASX:EVG) Vertically integrated graphite developer Evion Group has reached an agreement to supply expandable graphite from its Indian joint venture to a leading US graphite supply chain company with its shares rising as high as 1.9c on Thursday. The maiden US order represents around 80 tonnes of expandable graphite shipped from the 50/50 JV Panthera graphite facility near Pune, India. About $400,000 in revenue will be generated from the order, which follows the maiden shipment for the JV in the March 2025 quarter. 'This shipment signals a broader shift in the global supply landscape, with growing demand from US industries for high-quality, non-Chinese sources of critical minerals like expandable graphite,' Evion managing director David Round said. 'Our Panthera Graphite facility has demonstrated its ability to deliver at scale, and we hope this is the first step in establishing a strong, long-term, strategic partnership with the US market. 'We believe this is likely to be the first of many future orders and we look forward to updating the market shortly around our planned, substantial growth and development plans in India.' Negotiations continue to regularly supply the US and other global buyers in Europe and Asia. Expandable graphite is essential for thermal management and fire retardancy across the aerospace, EV, energy storage, military applications and electronics sectors.
Yahoo
26-06-2025
- Business
- Yahoo
Lithium industry bemoans 'paradox' of low prices, rising demand
By Ernest Scheyder LAS VEGAS (Reuters) -An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating "paradox" not likely to be resolved before at least 2030, the world's largest producers told a major industry conference this week. Once a niche metal used primarily in greases, ceramics and pharmaceuticals, lithium's use in electric vehicles, large-scale battery storage and other electronic applications has grown rapidly, with demand up 24% last year and likely to grow 12% annually for the next decade, according to data from consultancy Fastmarkets. Oversupply from China, however, has dragged prices down more than 90% in the past two years, fueling layoffs, corporate buyouts and project delays across the globe. "We've got market pain, but on the other side is the strategic gain. That is the lithium paradox," Dale Henderson, CEO of Australian lithium miner Pilbara Minerals, told the Fastmarkets Lithium and Battery Raw Materials Conference in Las Vegas. One long-time conference attendee described the mood at this year's conference using the stages of grief as a metaphor. Last year's conference reflected denial, with the sentiment in 2025 one of acceptance, he said. Despite the price drop, attendance at the conference - considered the world's largest annual gathering of lithium investors, executives and consumers - fell only 9% from last year to roughly 1,000, according to organizers. "It's quite hard to imagine a future where lithium doesn't play a central role in the global economy," said Paul Lusty, head of battery raw materials research at Fastmarkets. Chinese miners have stockpiled supply that likely will only come down later this decade and lessen the market imbalance, he added. Others have seen an even longer timeframe. Project Blue, another minerals consultancy, does not expect lithium demand to exceed supply until 2033 at the earliest. "Lithium has no chill mode. It really is more volatile than a lot of other markets out there," said Peter Hannah, head of pricing at Albemarle, the world's largest lithium producer, which has cut staff and delayed expansion projects in response to the price drop. Much of the conference side chatter focused on efforts to curb spending, with various lithium projects - especially direct lithium extraction (DLE) projects - touting efforts to lower costs. "The issues with lithium are which mines can produce the highest quality product at the lowest cost," said Ken Hoffman, a commodity strategist with mining investment bank Red Cloud Securities. EnergyX, a DLE developer backed by General Motors, unveiled a study showing it could produce the metal in northern Chile with operating costs below $3,000 per metric ton. The estimates are preliminary, but underscore the industry's push to spend less. "Innovation is the solution to building a resilient battery supply chain," said Chris Doornbos, CEO of E3 Lithium, which is developing a DLE project in Alberta. Adding to the market tension, SQM - the world's second-largest lithium producer - laid off 5% of its workforce this week. "We do have other factors impacting the behavior of the market participants than just pure economics," Andres Fontannaz, commercial vice president of SQM's international lithium division, told the conference, a reference to how electric vehicles have become a political target in some countries. The tension is even higher for lithium projects under construction and hoping prices rise by the time they open. "This is a really tough industry to be in," said Jon Evans, CEO of Lithium Americas, which is building North America's largest lithium mine in Nevada. "It's periods of euphoria followed by periods of pain and suffering, which we're in now." Sign in to access your portfolio
Reuters
26-06-2025
- Business
- Reuters
Lithium industry bemoans 'paradox' of low prices, rising demand
LAS VEGAS, June 26 (Reuters) - An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating "paradox" not likely to be resolved before at least 2030, the world's largest producers told a major industry conference this week. Once a niche metal used primarily in greases, ceramics and pharmaceuticals, lithium's use in electric vehicles, large-scale battery storage and other electronic applications has grown rapidly, with demand up 24% last year and likely to grow 12% annually for the next decade, according to data from consultancy Fastmarkets. Oversupply from China, however, has dragged prices down more than 90% in the past two years, fueling layoffs, corporate buyouts and project delays across the globe. "We've got market pain, but on the other side is the strategic gain. That is the lithium paradox," Dale Henderson, CEO of Australian lithium miner Pilbara Minerals ( opens new tab, told the Fastmarkets Lithium and Battery Raw Materials Conference in Las Vegas. One long-time conference attendee described the mood at this year's conference using the stages of grief as a metaphor. Last year's conference reflected denial, with the sentiment in 2025 one of acceptance, he said. Despite the price drop, attendance at the conference - considered the world's largest annual gathering of lithium investors, executives and consumers - fell only 9% from last year to roughly 1,000, according to organizers. "It's quite hard to imagine a future where lithium doesn't play a central role in the global economy," said Paul Lusty, head of battery raw materials research at Fastmarkets. Chinese miners have stockpiled supply that likely will only come down later this decade and lessen the market imbalance, he added. Others have seen an even longer timeframe. Project Blue, another minerals consultancy, does not expect lithium demand to exceed supply until 2033 at the earliest. "Lithium has no chill mode. It really is more volatile than a lot of other markets out there," said Peter Hannah, head of pricing at Albemarle (ALB.N), opens new tab, the world's largest lithium producer, which has cut staff and delayed expansion projects in response to the price drop. Much of the conference side chatter focused on efforts to curb spending, with various lithium projects - especially direct lithium extraction (DLE) projects - touting efforts to lower costs. "The issues with lithium are which mines can produce the highest quality product at the lowest cost," said Ken Hoffman, a commodity strategist with mining investment bank Red Cloud Securities. EnergyX, a DLE developer backed by General Motors (GM.N), opens new tab, unveiled a study showing it could produce the metal in northern Chile with operating costs below $3,000 per metric ton. The estimates are preliminary, but underscore the industry's push to spend less. "Innovation is the solution to building a resilient battery supply chain," said Chris Doornbos, CEO of E3 Lithium (ETL.V), opens new tab, which is developing a DLE project in Alberta. Adding to the market tension, SQM ( opens new tab - the world's second-largest lithium producer - laid off 5% of its workforce this week. "We do have other factors impacting the behavior of the market participants than just pure economics," Andres Fontannaz, commercial vice president of SQM's international lithium division, told the conference, a reference to how electric vehicles have become a political target in some countries. The tension is even higher for lithium projects under construction and hoping prices rise by the time they open. "This is a really tough industry to be in," said Jon Evans, CEO of Lithium Americas ( opens new tab, which is building North America's largest lithium mine in Nevada. "It's periods of euphoria followed by periods of pain and suffering, which we're in now."
Yahoo
26-06-2025
- Business
- Yahoo
Lithium industry bemoans 'paradox' of low prices, rising demand
By Ernest Scheyder LAS VEGAS (Reuters) -An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating "paradox" not likely to be resolved before at least 2030, the world's largest producers told a major industry conference this week. Once a niche metal used primarily in greases, ceramics and pharmaceuticals, lithium's use in electric vehicles, large-scale battery storage and other electronic applications has grown rapidly, with demand up 24% last year and likely to grow 12% annually for the next decade, according to data from consultancy Fastmarkets. Oversupply from China, however, has dragged prices down more than 90% in the past two years, fueling layoffs, corporate buyouts and project delays across the globe. "We've got market pain, but on the other side is the strategic gain. That is the lithium paradox," Dale Henderson, CEO of Australian lithium miner Pilbara Minerals, told the Fastmarkets Lithium and Battery Raw Materials Conference in Las Vegas. One long-time conference attendee described the mood at this year's conference using the stages of grief as a metaphor. Last year's conference reflected denial, with the sentiment in 2025 one of acceptance, he said. Despite the price drop, attendance at the conference - considered the world's largest annual gathering of lithium investors, executives and consumers - fell only 9% from last year to roughly 1,000, according to organizers. "It's quite hard to imagine a future where lithium doesn't play a central role in the global economy," said Paul Lusty, head of battery raw materials research at Fastmarkets. Chinese miners have stockpiled supply that likely will only come down later this decade and lessen the market imbalance, he added. Others have seen an even longer timeframe. Project Blue, another minerals consultancy, does not expect lithium demand to exceed supply until 2033 at the earliest. "Lithium has no chill mode. It really is more volatile than a lot of other markets out there," said Peter Hannah, head of pricing at Albemarle, the world's largest lithium producer, which has cut staff and delayed expansion projects in response to the price drop. Much of the conference side chatter focused on efforts to curb spending, with various lithium projects - especially direct lithium extraction (DLE) projects - touting efforts to lower costs. "The issues with lithium are which mines can produce the highest quality product at the lowest cost," said Ken Hoffman, a commodity strategist with mining investment bank Red Cloud Securities. EnergyX, a DLE developer backed by General Motors, unveiled a study showing it could produce the metal in northern Chile with operating costs below $3,000 per metric ton. The estimates are preliminary, but underscore the industry's push to spend less. "Innovation is the solution to building a resilient battery supply chain," said Chris Doornbos, CEO of E3 Lithium, which is developing a DLE project in Alberta. Adding to the market tension, SQM - the world's second-largest lithium producer - laid off 5% of its workforce this week. "We do have other factors impacting the behavior of the market participants than just pure economics," Andres Fontannaz, commercial vice president of SQM's international lithium division, told the conference, a reference to how electric vehicles have become a political target in some countries. The tension is even higher for lithium projects under construction and hoping prices rise by the time they open. "This is a really tough industry to be in," said Jon Evans, CEO of Lithium Americas, which is building North America's largest lithium mine in Nevada. "It's periods of euphoria followed by periods of pain and suffering, which we're in now." Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
