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Lithium

Yesterday

PLS will receive at least $US1000 for each tonne of its lithium, underpinning hopes of a revival across the beleaguered sector.

Lithium boss urges West to instate price floor after landmark deal

Lithium miners have been buoyed by a deal with a guaranteed price of US$1000 per tonne, the first agreement of its kind by a local critical minerals producer.

This Month

Ex-Pilbara Minerals boss Ken Brinsden is chairman of Patriot Battery Metals.

Critical minerals play PMET Resources launches $110m capital call

Euroz Hartleys and Canaccord Genuity were joint lead managers and joint book runners to the offer.

Critical minerals stocks are expected to have a growing presence on the ASX Small Ordinaries.

Gold miners rush to join the large caps, pushing out blue chip names

At least four gold producers are set to reach the ASX 100 next month, forcing large and small-cap fund managers to revisit their portfolios.

Lowell Resources fund manager John Forwood.

This fundie struck gold last year. Now he’s after the next 10-bagger

Lowell Resources Funds’ John Forwood won big on commodities in 2025. Now he’s got an eye on rare earths hopefuls as he tries to replicate those outsize gains.

January

Gold miners, and lithium ones have dominated follow-on raises on the ASX so far in 2026.

Gold play Brightstar Resources in $150m cash call

Sole lead manager and bookrunner Canaccord Genuity was offering new shares at 50¢ a piece, a 20.6 per cent discount to the last close.

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Ioneer managing director Bernard Rowe at The Australian Financial Review Mining Summit in Perth in 2023.

Lithium miner Ioneer launches $72m capital raising

Joint lead managers Bell Potter and Canaccord Genuity were offering new shares at 18¢ per share – a 14.3 per cent discount to the last traded price.

Mineral Resources has stepped up production guidance at its Wodgina lithium mine.

MinRes considers lithium mine restart after prices rebound

The miner upgraded the amount of the key battery metal it expected to produce by 30 per cent and said it could reopen its mothballed Bald Hill operations.

Galan Lithium’s Argentinan projects are next to tenements owned by Rio Tinto.

Galan seeks $40m cash as lithium prices rally

Galan Lithium, capitalised at $541 million on the ASX, has more than tripled in size since rejecting a $150 million bid for its key assets last April.

PLS’s Pilgangoora Lithium Operation.

Lithium rebound fuels hope for mothballed mines’ revival

The supply glut has receded and prices have topped $US2000 per tonne. Will the bounce tempt struggling Australian producers to restart operations?

AFR Rio Tinto Western Range Images.Photo: Matt Jelonek
Supplied 6 June 2025

Rio Tinto, Glencore weigh ASX spin-off amid $300b mega-merger

The Rio and Glencore boards would be considering whether some of the non-core businesses, particularly coal, could work in an ASX-listed vehicle.

PLS’s Pilgangoora Lithium Operation in Western Australia. The stock was recently upgraded to hold by Bell Potter.

Lithium jumps above $US2000 for first time in two years

The rebound in the battery metal is gathering pace, prompting Bell Potter to upgrade its forecasts for 2026.

Lithium miners were among the ASX’s top performing stocks last year.

Hedge funds get ‘toasted’ after lithium spike sends PLS soaring

Lithium prices have already surged another 20 per cent this year, intensifying a rally in ASX-listed miners that has forced short sellers to cover their negative bets.

Lithium ore falls onto a stockpile at a PLS operation in Western Australia. PLS saw its share price soar last year after a difficult 12 months.

ASX dogs bite back, handing momentum investors a rare defeat

It is usually a good bet to simply buy the previous year’s winners. But 2025 proved very different, with the worst performers of 2024 back with a vengeance.

A bull statue at the Korea Exchange in Seoul. The Kopsi was the best performing major equity index last year.

These overlooked ETFs have been delivering monster returns

Gold and precious metals were the unsurprising best performers among exchange-traded funds last year. But other under-the-radar products are surging.

Hedge funds have come for Australia’s lithium miners in record numbers.

Electric shock: The ASX’s favourite boom-bust trade is back

Australia’s lithium sector is roaring back to life. The question is, how long can the frothy conditions last?

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December 2025

CATL’s massive Jianxiawo lithium mine has been shut since August.

Lithium markets hit fever pitch as China revokes more permits

Spodumene prices have rocketed from their June lows, but analysts are tipping even more explosive gains in the new year.

Ioneer managing director Bernard Rowe at The Australian Financial Rewview Mining Summit in Perth in 2023.

Lithium miner Ioneer eyes bid for Rio Tinto’s US boron unit

The mining firm Ioneer said it would seek to bundle its boron and lithium project in Nevada with Rio’s California boron operations.

Rio executive Simon Trott grew up in the Western Australian farming community of Wickepin.

Rio Tinto to sell up to $15b of assets, cut decarbonisation spending

In his first strategy briefing since taking the helm 102 days ago, chief executive Simon Trott said he wanted Rio to become the world’s “most valued” miner.

Vulcan Energy Resources executive chairman Francis Wedin.

Gina Rinehart-backed lithium play wins EU funding for $3.9b project

Germany, France, Italy and Denmark have backed WA-based Vulcan Energy, as part of Europe’s push to cement supplies of lithium outside of China.

November 2025

Mineral explorers bounce on 81pc funding surge

The high-risk sector is swimming in cash, with government support for critical minerals driving the second-highest quarterly inflows.