High Voltage: Trump’s 721pc tariffs could see price spike for graphite

Argonaut research says US graphite tariffs will lift prices as near-term projects rush to get up and producing.

The US has imposed tariffs of up to 721% on synthetic and natural graphite anode material imported from China. Pic: Getty Images

• US announces 721% tariff on Chinese natural and synthetic graphite

• Argonaut Research says prices could lift to US$36/kg

• Renascor Resources says near-term producers set to benefit

 

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.

The US/China tariff trade war has highlighted the need for Western countries to shore up domestic supply chains, particularly around minerals critical to defence and tech applications like graphite.

Graphite is crucial in lithium-ion batteries, acting as the anode material. In fact, there’s more graphite in a lithium-ion battery than there is lithium.

China has a stranglehold on global graphite supply, with 98% of graphite anode material (both natural and synthetic) coming from China.

And the US Department of Commerce (DoC) has recently decided to impose countervailing duty (CVD) tariffs of up to 721% on synthetic and natural graphite anode material imported from China.

It’s a preliminary determination, with the final determinations and potential implementation not expected until December this year, but Argonaut Research analyst Jon Scholtz said in a recent note that we could see a jump in prices as a result.

“ anode material price US$4-7/kg,” he said.

“So, at US$5/kg and 50kg of graphite anode, this is US$250 worth of graphite in each EV (0.5% of average EV selling price).

“The tariff could lift prices to ~US$36/kg which is ~US$1800 per EV (3.6% of average EV selling price).”

Long-term natural graphite AAM price assumption. Source: Argonaut Research

Quickest project to production wins

It’s not all doom and gloom, however. The tariff/trade war could present opportunities for ASX stocks with a near-term development projects.

Scholtz pointed to Syrah Resources' (ASX:SYR) 11,250tpa Vidalia active anode materials plant, which is ramping up in the US and has the potential for expansion to 45,000tpa (targeted by 2028) and long term aspirations of >100ktpa. Syrah investors breathed a sigh of relief this week, when the firm allayed concerns an as yet unmet deadline for qualification by key customer Tesla had been put back from May 31 this year to February 9, 2026.

There’s also Novonix (ASX:NVX) with its Riverside facility in Chattanooga, Tennessee, which is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. The project is targeting a 3000tpa start-up this year, growing to to 15-20,000tpa by 2030, with long term aspirations of capacity around 150,000tpa.

NVX CEO Michael O’Kronley welcomed the DoC decision. “This decision is an important step in supporting the United States’ goal of developing critical mineral supply domestically for increased energy independence,” he said in recent statement.

Renascor Resources (ASX:RNU) is another player with a stake in the game, with MD David Christensen noting there are opportunities in the sector if a project can get into production quickly.

While not based in the United States itself, the potential tariffs against Chinese exporters could open a window of opportunity to access the US market from its Siviour project in South Australia, the most advanced graphite development in Oz.

“This threatens to change the status quo in the graphite and anode sectors, which have seen China achieve market dominance over the last several years,” he said.

“In particular, it favours the most competitive ex-China projects and those that can quickly move into production.”

Sivious is expected to be one of the world’s lowest cost projects, with costs of US$405/t of graphite concentrate in the first 10 years.

Currently, RNU is advancing optimisation studies and is also looking to commission a purified spherical graphite (PSG) demonstration plant later this year.

“From a practical perspective, we expect the impact on the anode market to be a greater advantage for established suppliers who have either underutilised capacity or can quickly bring new capacity online,” Christensen said.

“These groups have already made large capital commitments, so have greater ability to fill ex-China demand.

“We’ve already seen some significant announcements out of South Korea and Japan from incumbent anode producers.

“We are also seeing tier 1 Chinese anode producers establish production ex-China.”

Other Aussie graphite companies could be poised to benefit if demand from American and European customers who want to excise their operations from Chinese supply chains – subject to dumping accusations – spurs interest in developing new projects in the West.

Kingsland Minerals (ASX:KNG) is among those with its Leliyn project in the Northern Territory, which with an inferred resource of 180.2Mt at 7.2% total graphitic content and indicated resource of 12.3Mt at 7.9% TGC, holds the largest in situ graphite resource in Australia.

An even larger exploration target extends beyond that of 700-1.1Bt at 7-8% TGC, with a recently commissioned scoping study led by GR Engineering Services (ASX:GNG) to focus on just a fraction of the project's massive 12km strike zone.

"This is a crucial step in the development of the Leliyn Graphite Project," Kingsland MD Richard Maddocks said on the commissioning of the study earlier this month.

"We are very pleased to be working with GR Engineering Services to assess the potential of this project. GRES has considerable global experience in the delivery of scoping and feasibility studies and the design and construction of processing facilities.

"They also have particular expertise in the design of graphite processing infrastructure."

Other Aussie graphite proponents include iTech Minerals (ASX:ITM), which boasts the Lacroma, Sugarloaf and Campoona deposits north of Siviour on South Australia's Eyre Peninsula.

It boasts a global mineral resource of 35.2Mt at 6% TGC, with test work already showing the project can produce a 94% graphite concentrate with material suitable for the key battery market.

Over in WA a number of players are looking to potentially commercialise graphite resources including Buxton Resources (ASX:BUX), which owns the 20.7Mt at 10.8% TGC Graphite Bull project, International Graphite (ASX:IG6), which owns the Springdale deposit and proposed Collie plant, and Green Critical Minerals (ASX:GCM), which last year said it had completed a stage 3 earn in that would give the firm 80% of the 1.1Mt McIntosh project.

GCM has caught market interest this year thanks to its acquisition of the breakthrough very high density graphite block tech.

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>

Code	Company	Price	% Week	% Month	% Six Month	% Year	Market Cap
NWC	New World Resources	0.047	68%	88%	135%	18%	$166,440,241
YAR	Yari Minerals Ltd	0.01	67%	150%	233%	150%	$4,437,692
RIL	Redivium Limited	0.004	60%	0%	0%	33%	$13,609,422
CTN	Catalina Resources	0.003	50%	50%	7%	7%	$7,278,057
OB1	Orbminco Limited	0.0015	50%	50%	-10%	-55%	$3,596,352
LLI	Loyal Lithium Ltd	0.13	48%	88%	18%	-46%	$13,095,298
TKL	Traka Resources	0.002	33%	0%	33%	33%	$4,251,580
OM1	Omnia Metals Group	0.013	30%	30%	-83%	-83%	$3,039,284
SLM	Solismineralsltd	0.1	30%	19%	11%	-5%	$12,980,463
COB	Cobalt Blue Ltd	0.07	27%	11%	3%	-24%	$24,688,556
HRE	Heavy Rare Earths	0.038	27%	90%	0%	10%	$7,489,220
STK	Strickland Metals	0.1325	26%	38%	74%	20%	$294,106,774
CNB	Carnaby Resource Ltd	0.35	25%	27%	-13%	-54%	$84,503,878
FRS	Forrestaniaresources	0.085	23%	107%	507%	85%	$26,392,489
BCA	Black Canyon Limited	0.061	22%	2%	5%	-49%	$7,908,692
KM1	Kalimetalslimited	0.1	22%	11%	-17%	-75%	$7,696,094
OD6	Od6Metalsltd	0.034	21%	48%	10%	-46%	$5,455,910
ODE	Odessa Minerals Ltd	0.006	20%	0%	-14%	50%	$11,196,728
EV1	Evolutionenergy	0.012	20%	0%	-57%	-81%	$3,989,155
DEV	Devex Resources Ltd	0.095	19%	10%	-17%	-78%	$41,518,923
MTM	MTM Critical Metals	0.34	17%	51%	400%	656%	$160,537,274
LSR	Lodestar Minerals	0.007	17%	-59%	-65%	-78%	$1,910,543
EFE	Eastern Resources	0.029	16%	12%	-9%	-52%	$3,404,429
FG1	Flynngold	0.029	16%	32%	0%	-3%	$12,130,811
GW1	Greenwing Resources	0.03	15%	0%	-27%	-58%	$8,234,997
GCM	Green Critical Min	0.015	15%	36%	150%	400%	$29,447,674
BKT	Black Rock Mining	0.031	15%	55%	-21%	-50%	$47,022,076
PVT	Pivotal Metals Ltd	0.008	14%	14%	0%	-64%	$7,257,807
TKM	Trek Metals Ltd	0.065	14%	3%	225%	55%	$38,723,709
LOT	Lotus Resources Ltd	0.1875	14%	14%	-20%	-58%	$485,793,226
REC	Rechargemetals	0.017	13%	21%	-37%	-56%	$4,368,829
AXN	Alliance Nickel Ltd	0.035	13%	0%	-17%	-27%	$25,404,387
IMI	Infinitymining	0.009	13%	-25%	-36%	-80%	$3,384,126
TAR	Taruga Minerals	0.009	13%	-10%	-10%	13%	$6,423,787
QPM	QPM Energy Limited	0.038	12%	0%	-10%	-3%	$98,486,311
A8G	Australasian Metals	0.077	12%	10%	0%	-21%	$4,457,509
AZI	Altamin Limited	0.029	12%	21%	4%	-18%	$15,511,578
GRL	Godolphin Resources	0.01	11%	0%	-29%	-64%	$4,488,733
MEI	Meteoric Resources	0.11	11%	5%	18%	-44%	$245,370,592
AXE	Archer Materials	0.31	11%	22%	2%	-26%	$75,179,869
AQD	Ausquest Limited	0.054	10%	8%	391%	249%	$77,723,998
ASO	Aston Minerals Ltd	0.022	10%	16%	144%	38%	$29,786,478
THR	Thor Energy PLC	0.011	10%	0%	-15%	-35%	$7,818,688
PBL	Parabellumresources	0.045	10%	-10%	-10%	5%	$2,803,500
VMC	Venus Metals Cor Ltd	0.115	10%	5%	64%	25%	$23,045,120
QEM	QEM Limited	0.059	9%	20%	48%	-60%	$10,305,019
NWM	Norwest Minerals	0.012	9%	0%	-26%	-62%	$9,952,225
AR3	Austrare	0.062	9%	-44%	-34%	-43%	$13,567,191
WA1	Wa1Resourcesltd	13.275	8%	10%	-16%	-34%	$897,234,032
JMS	Jupiter Mines.	0.2	8%	33%	38%	-39%	$372,597,935
ZNC	Zenith Minerals Ltd	0.043	8%	-10%	2%	-38%	$17,519,981
OCN	Oceanalithiumlimited	0.058	7%	115%	123%	43%	$7,974,790
SRL	Sunrise	0.445	7%	-25%	85%	-20%	$40,602,374
STM	Sunstone Metals Ltd	0.015	7%	25%	114%	25%	$93,576,601
CY5	Cygnus Metals Ltd	0.075	7%	-21%	-40%	-1%	$63,834,875
GBR	Greatbould Resources	0.066	6%	-12%	57%	10%	$50,955,703
LIN	Lindian Resources	0.13	6%	18%	33%	8%	$155,678,252
FBM	Future Battery	0.0175	6%	-3%	-8%	-56%	$12,038,507
A11	Atlantic Lithium	0.1375	6%	-2%	-38%	-69%	$95,307,756
GED	Golden Deeps	0.019	6%	0%	-30%	-54%	$3,365,388
LIT	Livium Ltd	0.0095	6%	19%	-47%	-63%	$16,905,071
BOA	BOA Resources Ltd	0.019	6%	6%	-14%	-17%	$2,220,351
CTM	Centaurus Metals Ltd	0.385	5%	-1%	-10%	-25%	$181,295,943
PLL	Piedmont Lithium Inc	0.1	5%	-20%	-44%	-53%	$60,320,207
DM1	Desert Metals	0.02	5%	5%	-17%	-9%	$8,403,445
NVX	Novonix Limited	0.4525	5%	3%	-34%	-39%	$289,418,875
PGM	Platina Resources	0.021	5%	0%	11%	-25%	$12,463,607
BUX	Buxton Resources Ltd	0.044	5%	38%	-10%	-56%	$12,010,916
ICL	Iceni Gold	0.066	5%	0%	22%	0%	$20,386,442
LPM	Lithium Plus	0.068	5%	10%	-32%	-30%	$9,033,120
GT1	Greentechnology	0.024	4%	-17%	-61%	-75%	$11,404,081
TOR	Torque Met	0.12	4%	26%	173%	-43%	$32,359,671
HAW	Hawthorn Resources	0.05	4%	14%	4%	-29%	$16,750,781
ARR	American Rare Earths	0.26	4%	-5%	-2%	-4%	$134,467,174
NIC	Nickel Industries	0.685	4%	32%	-23%	-29%	$2,907,757,036
PSC	Prospect Res Ltd	0.14	4%	-5%	40%	-32%	$94,975,325
MEK	Meeka Metals Limited	0.14	4%	-3%	94%	289%	$352,163,724
RVT	Richmond Vanadium	0.14	4%	-13%	-46%	-49%	$29,573,789
ADV	Ardiden Ltd	0.15	3%	3%	15%	0%	$9,377,626
WR1	Winsome Resources	0.15	3%	-17%	-66%	-88%	$36,584,018
PTR	Petratherm Ltd	0.31	3%	29%	88%	1309%	$93,315,988
S2R	S2 Resources	0.094	3%	-15%	34%	-22%	$43,474,367
SYA	Sayona Mining Ltd	0.0165	3%	-18%	-48%	-62%	$184,692,736
ASM	Ausstratmaterials	0.515	3%	-28%	4%	-48%	$94,297,155
LYC	Lynas Rare Earths	7.815	3%	-9%	15%	16%	$7,436,802,632
PUR	Pursuit Minerals	0.041	3%	-5%	-67%	-82%	$4,089,092
WIN	WIN Metals	0.0205	3%	3%	-2%	-43%	$11,001,162
CHN	Chalice Mining Ltd	1.1475	2%	7%	-14%	-36%	$441,545,404
PMT	Patriotbatterymetals	0.24	2%	-8%	-4%	-73%	$127,464,747
DVP	Develop Global Ltd	3.78	2%	39%	96%	61%	$1,023,459,567
IGO	IGO Limited	4.145	2%	13%	-14%	-43%	$3,104,798,033
FTL	Firetail Resources	0.06	2%	0%	-26%	31%	$22,801,679
PAT	Patriot Resourcesltd	0.065	2%	-3%	48%	-19%	$8,090,750
CXO	Core Lithium	0.091	1%	30%	1%	-35%	$192,871,399
ASL	Andean Silver	0.935	1%	-8%	-6%	15%	$146,865,723
HAS	Hastings Tech Met	0.3175	1%	-15%	2%	30%	$61,853,659
IPX	Iperionx Limited	3.58	0%	10%	-18%	48%	$1,222,386,668
LPD	Lepidico Ltd	0.002	0%	0%	0%	-33%	$17,178,371
MRD	Mount Ridley Mines	0.002	0%	-20%	-80%	-87%	$1,556,978
INR	Ioneer Ltd	0.125	0%	-7%	-39%	-40%	$306,237,427
MAN	Mandrake Res Ltd	0.018	0%	-14%	-25%	-47%	$11,290,679
RLC	Reedy Lagoon Corp.	0.0015	0%	-25%	-25%	-63%	$1,165,060
CLA	Celsius Resource Ltd	0.007	0%	0%	-36%	-22%	$21,948,419
MNS	Magnis Energy Tech	0.042	0%	0%	0%	0%	$50,378,922
SBR	Sabre Resources	0.008	0%	0%	-27%	-56%	$3,550,157
SRI	Sipa Resources Ltd	0.013	0%	8%	0%	-19%	$5,413,178
NTU	Northern Min Ltd	0.027	0%	-27%	35%	-23%	$225,643,207
CWX	Carawine Resources	0.096	0%	2%	-13%	-4%	$22,668,043
ARN	Aldoro Resources	0.315	0%	-39%	254%	314%	$55,168,277
JRV	Jervois Global Ltd	0.011	0%	0%	0%	-27%	$29,730,402
ADD	Adavale Resource Ltd	0.002	0%	0%	-20%	-60%	$4,574,558
ALY	Alchemy Resource Ltd	0.006	0%	20%	-14%	-14%	$7,068,458
LEL	Lithenergy	0.37	0%	0%	0%	-9%	$41,440,581
RMX	Red Mount Min Ltd	0.008	0%	0%	-20%	-20%	$3,952,141
LML	Lincoln Minerals	0.005	0%	0%	-17%	-29%	$10,512,849
MRC	Mineral Commodities	0.026	0%	0%	0%	0%	$25,596,288
BMM	Bayanminingandmin	0.029	0%	-9%	-42%	-48%	$2,985,707
LEG	Legend Mining	0.008	0%	0%	-27%	-47%	$23,291,817
G88	Golden Mile Res Ltd	0.014	0%	40%	40%	8%	$7,619,470
WKT	Walkabout Resources	0.095	0%	0%	0%	-24%	$63,769,838
CNJ	Conico Ltd	0.007	0%	0%	-30%	-30%	$1,662,411
VR8	Vanadium Resources	0.014	0%	-18%	-46%	-76%	$7,617,940
SLZ	Sultan Resources Ltd	0.006	0%	-14%	-14%	-45%	$1,388,819
MLS	Metals Australia	0.018	0%	-14%	-28%	-18%	$13,845,671
MQR	Marquee Resource Ltd	0.008	0%	-27%	-38%	-47%	$4,466,420
EVR	Ev Resources Ltd	0.005	0%	25%	67%	-32%	$9,929,183
AS2	Askarimetalslimited	0.008	0%	-11%	-38%	-86%	$3,233,365
EMS	Eastern Metals	0.01	0%	0%	-23%	-73%	$1,394,262
RAG	Ragnar Metals Ltd	0.018	0%	-10%	-14%	13%	$8,531,748
TEM	Tempest Minerals	0.004	0%	0%	-20%	-53%	$2,203,590
KOR	Korab Resources	0.008	0%	0%	0%	14%	$2,936,400
CMX	Chemxmaterials	0.026	0%	0%	-26%	-46%	$3,354,580
NC1	Nicoresourceslimited	0.073	0%	-3%	-25%	-51%	$8,008,142
CMO	Cosmometalslimited	0.016	0%	-14%	2%	-51%	$5,476,306
CRR	Critical Resources	0.003	0%	0%	-40%	-73%	$7,842,664
ENT	Enterprise Metals	0.002	0%	0%	-50%	-60%	$2,356,635
ENV	Enova Mining Limited	0.008	0%	14%	23%	-64%	$12,014,757
RBX	Resource B	0.028	0%	-20%	-33%	-26%	$3,225,166
AKN	Auking Mining Ltd	0.007	0%	-13%	40%	-67%	$3,448,673
EMT	Emetals Limited	0.003	0%	-25%	-40%	-40%	$2,975,000
PNT	Panthermetalsltd	0.013	0%	0%	-24%	-69%	$3,911,759
RAS	Ragusa Minerals Ltd	0.015	0%	-29%	15%	-21%	$2,138,982
RGL	Riversgold	0.004	0%	0%	33%	-47%	$6,734,850
CLZ	Classic Min Ltd	0.001	0%	0%	0%	-80%	$1,544,026
XTC	XTC Lithium Limited	0.2	0%	19900%	0%	19900%	$17,528,272
M2R	Miramar	0.003	0%	-25%	-40%	-71%	$2,990,470
KTA	Krakatoa Resources	0.01	0%	11%	0%	-41%	$6,821,474
DLI	Delta Lithium	0.185	0%	6%	0%	-37%	$136,142,940
KNI	Kunikolimited	0.13	0%	-24%	-38%	-42%	$10,865,534
BUR	Burleyminerals	0.046	0%	-8%	-19%	-65%	$8,333,696
L1M	Lightning Minerals	0.06	0%	2%	-22%	-29%	$6,199,699
1AE	Auroraenergymetals	0.069	0%	50%	23%	-22%	$12,713,525
LLL	Leolithiumlimited	0.332997	0%	0%	0%	0%	$401,204,047
LU7	Lithium Universe Ltd	0.005	0%	-17%	-38%	-70%	$4,715,878
DYM	Dynamicmetalslimited	0.3	0%	-17%	50%	76%	$13,743,615
TMX	Terrain Minerals	0.003	0%	50%	0%	0%	$6,745,670
ANX	Anax Metals Ltd	0.008	0%	60%	-20%	-81%	$7,062,461
FIN	FIN Resources Ltd	0.006	0%	0%	20%	-54%	$4,169,331
LCY	Legacy Iron Ore	0.009	0%	0%	-18%	-38%	$87,858,383
ASR	Asra Minerals Ltd	0.002	0%	0%	-33%	-71%	$5,533,072
PFE	Pantera Lithium	0.014	0%	-13%	-30%	-70%	$6,632,972
KNG	Kingsland Minerals	0.105	0%	-16%	-36%	-49%	$7,618,896
ILU	Iluka Resources	3.81	-1%	-5%	-31%	-47%	$1,628,419,181
BHP	BHP Group Limited	38.29	-1%	2%	-4%	-15%	$195,171,901,436
S32	South32 Limited	3.05	-1%	13%	-18%	-22%	$13,841,052,714
CDT	Castle Minerals	0.095	-1%	70%	27%	-47%	$10,788,890
E25	Element 25 Ltd	0.2225	-1%	-3%	-18%	-16%	$53,723,914
KZR	Kalamazoo Resources	0.086	-1%	2%	4%	-18%	$18,867,842
ARL	Ardea Resources Ltd	0.4	-1%	-4%	14%	-34%	$84,165,166
BSX	Blackstone Ltd	0.07	-1%	4%	150%	24%	$48,040,053
ARU	Arafura Rare Earths	0.1625	-2%	-21%	35%	-14%	$406,614,234
LKE	Lake Resources	0.0315	-2%	-7%	-28%	-49%	$55,897,643
PNN	Power Minerals Ltd	0.059	-2%	-18%	-36%	-58%	$7,641,764
CHR	Charger Metals	0.045	-2%	5%	-37%	-51%	$3,096,810
WMG	Western Mines	0.195	-3%	56%	3%	-50%	$18,070,669
SUM	Summitminerals	0.039	-3%	-17%	-79%	-81%	$3,454,467
IDA	Indiana Resources	0.077	-3%	1%	28%	81%	$51,418,597
FLG	Flagship Min Ltd	0.07	-3%	4%	13%	-56%	$14,251,595
PEK	Peak Rare Earths Ltd	0.2575	-3%	96%	145%	13%	$89,789,736
PEK	Peak Rare Earths Ltd	0.2575	-3%	96%	145%	13%	$89,789,736
NVA	Nova Minerals Ltd	0.315	-3%	-3%	37%	37%	$103,359,173
MHK	Metalhawk.	0.45	-3%	14%	55%	650%	$56,563,792
EMC	Everest Metals Corp	0.145	-3%	-3%	16%	16%	$32,499,032
TLG	Talga Group Ltd	0.4	-4%	-10%	-15%	-43%	$178,408,813
MIN	Mineral Resources.	22.66	-4%	25%	-32%	-70%	$4,411,842,660
KAI	Kairos Minerals Ltd	0.026	-4%	30%	73%	136%	$71,034,629
LTR	Liontown Resources	0.63	-4%	17%	-15%	-54%	$1,468,618,583
ESR	Estrella Res Ltd	0.0355	-4%	18%	122%	689%	$67,714,577
NH3	Nh3Cleanenergyltd	0.023	-4%	-8%	10%	21%	$13,550,515
KFM	Kingfisher Mining	0.046	-4%	-4%	-16%	-28%	$2,470,890
RXL	Rox Resources	0.2825	-4%	-17%	88%	77%	$212,426,063
RNU	Renascor Res Ltd	0.064	-4%	-6%	-2%	-42%	$165,302,508
LMG	Latrobe Magnesium	0.0105	-5%	-5%	-58%	-81%	$27,579,195
PLS	Pilbara Min Ltd	1.3025	-5%	-10%	-46%	-67%	$4,247,667,608
VUL	Vulcan Energy	4.03	-5%	-15%	-43%	-16%	$900,759,755
TVN	Tivan Limited	0.1	-5%	-13%	92%	96%	$211,951,587
INF	Infinity Lithium	0.019	-5%	-24%	-34%	-65%	$9,451,842
AUZ	Australian Mines Ltd	0.009	-5%	-25%	-18%	0%	$13,285,865
1MC	Morella Corporation	0.018	-5%	-5%	-38%	-76%	$6,897,131
REE	Rarex Limited	0.018	-5%	-40%	80%	-10%	$16,562,952
NMT	Neometals Ltd	0.088	-5%	44%	0%	-19%	$67,709,407
MLX	Metals X Limited	0.525	-5%	-3%	31%	11%	$474,219,473
AGY	Argosy Minerals Ltd	0.017	-6%	-6%	-45%	-87%	$24,750,656
LRV	Larvottoresources	0.6275	-6%	-29%	14%	534%	$252,905,917
FGR	First Graphene Ltd	0.032	-6%	-20%	10%	-44%	$21,715,593
EUR	European Lithium Ltd	0.048	-6%	-9%	45%	-4%	$72,259,073
GL1	Globallith	0.16	-6%	-9%	-20%	-57%	$43,185,800
SRZ	Stellar Resources	0.016	-6%	-6%	-16%	-27%	$35,355,760
WC1	Westcobarmetals	0.016	-6%	23%	0%	-70%	$3,110,692
EMH	European Metals Hldg	0.1975	-6%	-12%	36%	-49%	$41,488,941
OMH	OM Holdings Limited	0.31	-6%	-6%	-7%	-38%	$237,539,608
GRE	Greentechmetals	0.046	-6%	-6%	-46%	-79%	$5,158,554
AX8	Accelerate Resources	0.0075	-6%	7%	-17%	-86%	$4,783,132
VHM	Vhmlimited	0.225	-6%	-32%	-42%	-52%	$56,733,739
WC8	Wildcat Resources	0.145	-6%	-26%	-40%	-70%	$194,962,424
BC8	Black Cat Syndicate	0.785	-7%	-19%	9%	131%	$572,963,607
ASN	Anson Resources Ltd	0.0495	-7%	-7%	-23%	-62%	$69,336,827
M24	Mamba Exploration	0.014	-7%	8%	27%	-33%	$4,132,319
ABX	ABX Group Limited	0.041	-7%	-2%	3%	-18%	$10,288,257
GLN	Galan Lithium Ltd	0.093	-7%	-11%	-26%	-58%	$88,808,766
KOB	Kobaresourceslimited	0.039	-7%	-9%	-51%	-76%	$6,183,903
ETM	Energy Transition	0.0455	-7%	-34%	82%	38%	$71,364,799
PGD	Peregrine Gold	0.125	-7%	-22%	-14%	-57%	$11,030,206
AZL	Arizona Lithium Ltd	0.006	-8%	0%	-54%	-74%	$31,621,887
DRE	Dreadnought Resources Ltd	0.012	-8%	-20%	-20%	-29%	$60,954,000
BM8	Battery Age Minerals	0.047	-8%	-20%	-48%	-71%	$5,972,699
ATM	Aneka Tambang	0.9	-8%	-5%	0%	-17%	$1,173,284
PVW	PVW Res Ltd	0.011	-8%	-21%	-31%	-59%	$2,187,953
IPT	Impact Minerals	0.0055	-8%	10%	-47%	-69%	$23,731,980
GAL	Galileo Mining Ltd	0.11	-8%	-4%	-4%	-58%	$20,750,617
MHC	Manhattan Corp Ltd	0.022	-8%	29%	-45%	-34%	$5,167,776
FRB	Firebird Metals	0.073	-9%	-18%	-27%	-59%	$10,392,382
SYR	Syrah Resources	0.305	-9%	24%	39%	-36%	$323,095,892
SYR	Syrah Resources	0.305	-9%	24%	39%	-36%	$323,095,892
AAJ	Aruma Resources Ltd	0.01	-9%	5%	-33%	-47%	$2,775,727
AVL	Aust Vanadium Ltd	0.01	-9%	-9%	-29%	-38%	$86,346,581
MRR	Minrex Resources Ltd	0.01	-9%	25%	25%	-9%	$10,848,675
RR1	Reach Resources Ltd	0.01	-9%	11%	18%	-23%	$7,869,882
RR1	Reach Resources Ltd	0.01	-9%	11%	18%	-23%	$7,869,882
EG1	Evergreenlithium	0.03	-9%	-33%	-63%	-67%	$6,587,349
LM1	Leeuwin Metals Ltd	0.135	-10%	-31%	85%	80%	$13,608,862
VTM	Victory Metals Ltd	0.92	-10%	90%	142%	268%	$98,552,443
EVG	Evion Group NL	0.017	-11%	-6%	-45%	-29%	$7,393,640
SGQ	St George Min Ltd	0.024	-11%	-4%	-4%	20%	$64,147,738
GSM	Golden State Mining	0.008	-11%	-11%	0%	-27%	$2,234,965
WSR	Westar Resources	0.004	-11%	-20%	-50%	-60%	$1,594,899
ITM	Itech Minerals Ltd	0.03	-12%	-35%	-55%	-61%	$5,295,897
QXR	Qx Resources Limited	0.0035	-13%	17%	-13%	-68%	$5,241,315
IXR	Ionic Rare Earths	0.007	-13%	-13%	0%	-46%	$36,871,980
AVW	Avira Resources Ltd	0.007	-13%	-13%	-65%	-65%	$1,535,000
EGR	Ecograf Limited	0.32	-14%	8%	300%	121%	$145,322,182
JLL	Jindalee Lithium Ltd	0.42	-14%	24%	83%	-20%	$33,046,086
SMX	Strata Minerals	0.012	-14%	-60%	-43%	-43%	$2,938,226
IG6	Internationalgraphit	0.048	-14%	2%	0%	-58%	$9,484,358
AM7	Arcadia Minerals	0.017	-15%	6%	-26%	-76%	$1,995,518
SCN	Scorpion Minerals	0.017	-15%	0%	55%	-15%	$8,908,955
TMB	Tambourahmetals	0.021	-16%	-34%	-25%	-73%	$2,586,981
CAE	Cannindah Resources	0.031	-16%	-47%	-38%	-43%	$22,570,479
TON	Triton Min Ltd	0.005	-17%	-29%	-38%	-64%	$7,841,944
WCN	White Cliff Min Ltd	0.025	-17%	32%	56%	56%	$58,084,654
RON	Roninresourcesltd	0.165	-18%	-8%	-3%	27%	$6,661,877
KGD	Kula Gold Limited	0.0065	-19%	-7%	-2%	-31%	$5,988,149
BNR	Bulletin Res Ltd	0.055	-19%	-20%	38%	15%	$18,204,026
VRC	Volt Resources Ltd	0.004	-20%	-11%	33%	-20%	$18,739,112
BYH	Bryah Resources Ltd	0.004	-20%	-20%	0%	-50%	$4,349,768
SRN	Surefire Rescs NL	0.002	-20%	-40%	-20%	-75%	$4,972,891
EMN	Euromanganese	0.17	-23%	-32%	-23%	-58%	$11,999,560
CRI	Criticalim	0.013	-24%	-19%	18%	-52%	$37,638,280
CZN	Corazon Ltd	0.0015	-25%	-25%	-25%	-83%	$1,776,858
DTM	Dart Mining NL	0.003	-25%	-25%	-73%	-87%	$4,792,222
VML	Vital Metals Limited	0.002	-33%	-33%	-33%	-50%	$11,790,134
MOH	Moho Resources	0.004	-33%	33%	-20%	0%	$2,981,656
LNR	Lanthanein Resources	0.001	-33%	-50%	-67%	-80%	$2,443,636
LNR	Lanthanein Resources	0.001	-33%	-50%	-67%	-80%	$2,443,636
AOA	Ausmon Resorces	0.001	-50%	-50%	-50%	-60%	$1,311,213
PRL	Province Resources	0	-100%	-100%	-100%	-100%	$0
POS	Poseidon Nick Ltd	0	-100%	-100%	-100%	-100%	$23,380,727
AML	Aeon Metals Ltd.	0	-100%	-100%	-100%	-100%	$5,482,003
LRS	Latin Resources Ltd	0	-100%	-100%	-100%	-100%	$477,661,711
CAI	Calidus Resources	0	-100%	-100%	-100%	-100%	$93,678,206
LTM	Arcadium Lithium PLC	0	-100%	-100%	-100%	-100%	$1,994,929,982

WordPress Table

Weekly Small Cap Standouts

Cobalt Blue Holdings (ASX:COB)

COB has announced a contract for Glencore to provide cobalt hydroxide feedstock from its Kamoto Copper Company SA (KCC) and Mutanda Mining SARL (Mutanda) operations in the Democratic Republic of Congo (DRC) to the company’s Kwinana Cobalt Refinery (KCR).

The contract guarantees supply of a minimum of 3750 tonnes of cobalt hydroxide (750t in year one, 1500t in years two and three), representing 50% of KCR’s initial feedstock requirements.

"We are thrilled to formalise a relationship with Glencore,” COB CEO Andrew Tong said.

“Locking in at least 50% of KCR’s feedstock requirements is a significant step in derisking the project that brings us closer to FID.

“Developing a commercial partnership with one of the world’s largest diversified miners helps solidify COB’s position as a participant in the global cobalt industry.

“This relationship will also enable COB to play a strategically important role in building new battery and critical minerals supply chains among like-minded countries.”

Greenwing Resources (ASX:GW1)

The company’s call option granted to NIO Inc subsidiary Blue Northstar to acquire a significant stake in Andes Litio SA has lapsed.

Andes Litio SA holds rights to the San Jorge lithium brine project in Argentina, which covers 36,000ha in one of world’s premier lithium jurisdictions.

Initial drilling last year resulted in a resource estimate of 1.07Mt of lithium carbonate equivalent (LCE) with 670,000t indicated (62.7% of resource) and 400,000t inferred.

Greenwing is now looking to a cap raise to review exploration data and optimise future drilling, and funding options to advance the project.

Black Rock Mining (ASX:BKT)

Tanzanian graphite developer Black Rock Mining and its 84%-owned Tanzanian subsidiary, Faru Graphite Corporation (Faru) have secured credit approval for a US$25m increase in available funding under the Facilities Agreement signed last year with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation of South Africa (IDC), and Tanzanian lender CRDB Bank (CRDB).

The additional funding will be provided by CRDB in the construction term loan, and this increases the total facilities available to US$204m to develop the Mahenge graphite project.

CEO John de Vries said it brings the company one step closer to developing the construction-ready project.

“The additional commitment should give all investors great confidence in Mahenge’s development and outlook as an operating entity within the global supply chain,” he said.

At Stockhead, we tell it like it is. While Renascor Resources, iTech Minerals, Buxton Resources, Kingsland Minerals and Green Critical Metals are Stockhead advertisers, they did not sponsor this article.

Originally published as High Voltage: Trump’s 721pc tariffs could see price spike for graphite