High Voltage: China could knock Australia off top of lithium charts

China could steal Australia’s lithium crown, with subsidised lepidolite production growing while Aussie rivals paused expansion plans.

Fastmarkets says China will take top spot in 2026, mining 8000-10,000t more than Aussie rivals. Pic: Getty Images

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 according to a report on the sector released by Argonaut last week (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
Code	Company	Price	% Week	% Month	% Six Month	% Year	Market Cap

WordPress Table

Weekly Small Cap Standouts

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 (ASX:CTN)

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.

Originally published as High Voltage: China could knock Australia off top of lithium charts