Commodities
Why Goldman Sachs would buy IGO and sell Mineral Resources
Wed 24 Apr 24, 2:31pm (AEST)
Lithium (Li) is a good conductor of heat and electricity which has traditionally been used to create heat-resistant glass and ceramics, and flux additives for iron, steel, and aluminium production. In recent years there has been a resurgence in demand due to its key role in producing lithium and lithium-ion batteries for electric vehicles.
Lithium salts (Lithium Carbonate) has proven to be useful as a mood stabiliser and antidepressant in the treatment of mental illness such as bipolar disorder and depression.
The main sources of lithium are brines and ores, with the largest known deposits, located in Australia, Chile, China and Argentina.
The price of lithium can be found on the LME and Fastmarkets.
List of Companies
| Code | Company | Price | Chg | % Chg | High | Low | Volume | Mkt Cap | 1 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1AE |
Aurora Energy Metals Ltd
|
$0.090 | +0.002 | +2.27% | $0.090 | $0.088 | 7,953 | $14.33 M | -14.29% | |
| 1MC |
Morella Corporation Ltd
|
$0.004 | +0.001 | +16.67% | $0.004 | $0.003 | 1,002,140 | $21.63 M | -65.00% | |
| A11 |
Atlantic Lithium Ltd
|
$0.380 | 0.00 | 0.00% | $0.400 | $0.380 | 19,734 | $246.87 M | -37.19% | |
| A8G |
Australasian Metals Ltd
|
$0.069 | 0.00 | 0.00% | $0.000 | $0.000 | - | $3.6 M | -55.48% | |
| ADV |
Ardiden Ltd
|
$0.155 | -0.005 | -3.13% | $0.155 | $0.155 | 4,672 | $9.69 M | -48.51% | |
| AGY |
Argosy Minerals Ltd
|
$0.140 | +0.01 | +7.69% | $0.150 | $0.140 | 6,332,887 | $196.62 M | -64.10% | |
| AKE |
Allkem Ltd
|
$9.83 | 0.00 | 0.00% | $0.000 | $0.000 | - | $6.3 B | -17.46% | |
| AMD |
Arrow Minerals Ltd
|
$0.005 | 0.00 | 0.00% | $0.005 | $0.005 | 5,809,321 | $47.4 M | 0.00% | |
| ASN |
Anson Resources Ltd
|
$0.105 | -0.005 | -4.55% | $0.110 | $0.105 | 997,722 | $135.27 M | -36.36% | |
| AVL |
Australian Vanadium Ltd
|
$0.015 | 0.00 | 0.00% | $0.015 | $0.015 | 4,804,483 | $129.16 M | -58.33% | |
| AVZ |
AVZ Minerals Ltd
|
$0.780 | 0.00 | 0.00% | $0.000 | $0.000 | - | $2.75 B | 0.00% | |
| AZL |
Arizona Lithium Ltd
|
$0.023 | -0.001 | -4.17% | $0.023 | $0.023 | 3,385,076 | $88.36 M | -47.73% | |
| AZS |
AZURE Minerals Ltd
|
$3.31 | -0.06 | -1.78% | $3.40 | $3.21 | 1,912,861 | $1.52 B | +688.10% | |
| BM8 |
Battery Age Minerals Ltd
|
$0.097 | -0.003 | -3.00% | $0.105 | $0.097 | 110,538 | $8.9 M | -73.43% | |
| BMG |
BMG Resources Ltd
|
$0.012 | +0.001 | +9.09% | $0.012 | $0.012 | 210,000 | $7.61 M | -25.00% | |
| BNZ |
BENZ Mining Corp
|
$0.160 | 0.00 | 0.00% | $0.165 | $0.160 | 138,357 | $17.8 M | -57.33% | |
| BOA |
Boadicea Resources Ltd
|
$0.028 | -0.002 | -6.67% | $0.029 | $0.028 | 226,899 | $3.45 M | -65.86% | |
| BSM |
Bass Metals Ltd
|
$0.200 | 0.00 | 0.00% | $0.000 | $0.000 | - | $17.54 M | 0.00% | |
| CAD |
Caeneus Minerals Ltd
|
$0.004 | 0.00 | 0.00% | $0.000 | $0.000 | - | $21.38 M | -66.67% | |
| CRR |
Critical Resources Ltd
|
$0.012 | -0.001 | -4.00% | $0.013 | $0.011 | 1,472,668 | $21.33 M | -70.73% | |
| CUL |
Cullen Resources Ltd
|
$0.007 | -0.001 | -12.50% | $0.007 | $0.007 | 48,515 | $3.99 M | -30.00% | |
| CXO |
Core Lithium Ltd
|
$0.140 | -0.005 | -3.45% | $0.150 | $0.140 | 4,755,206 | $299.17 M | -85.64% | |
| DEG |
De Grey Mining Ltd
|
$1.32 | +0.025 | +1.94% | $1.33 | $1.29 | 3,399,680 | $2.43 B | -20.06% | |
| DEV |
DEVEX Resources Ltd
|
$0.285 | 0.00 | 0.00% | $0.300 | $0.285 | 451,346 | $125.74 M | 0.00% | |
| DLI |
Delta Lithium Ltd
|
$0.290 | -0.01 | -3.33% | $0.305 | $0.290 | 814,813 | $206.89 M | -36.00% | |
| DTM |
Dart Mining NL
|
$0.031 | 0.00 | 0.00% | $0.035 | $0.031 | 657,677 | $8.01 M | -47.64% | |
| DVP |
Develop Global Ltd
|
$2.27 | -0.01 | -0.44% | $2.30 | $2.22 | 424,917 | $550.82 M | -24.40% | |
| EMH |
European Metals Holdings Ltd
|
$0.420 | +0.06 | +16.67% | $0.420 | $0.380 | 138,446 | $51.91 M | -30.58% | |
| ESS |
Essential Metals Ltd
|
$0.500 | 0.00 | 0.00% | $0.000 | $0.000 | - | $135.28 M | +5.26% | |
| EUR |
European Lithium Ltd
|
$0.051 | -0.003 | -5.56% | $0.056 | $0.051 | 1,357,905 | $71.26 M | -40.00% | |
| EVR |
EV Resources Ltd
|
$0.008 | 0.00 | 0.00% | $0.008 | $0.008 | 6,797,053 | $10.57 M | -38.46% | |
| FTL |
Firetail Resources Ltd
|
$0.034 | -0.006 | -15.00% | $0.039 | $0.034 | 7,772 | $5.06 M | -67.62% | |
| GL1 |
Global Lithium Resources Ltd
|
$0.430 | 0.00 | 0.00% | $0.445 | $0.430 | 214,011 | $111.91 M | -68.61% | |
| GLN |
Galan Lithium Ltd
|
$0.325 | +0.005 | +1.56% | $0.335 | $0.320 | 1,870,937 | $134.24 M | -69.19% | |
| GT1 |
Green Technology Metals Ltd
|
$0.115 | 0.00 | 0.00% | $0.115 | $0.110 | 620,680 | $37 M | -81.60% | |
| GW1 |
Greenwing Resources Ltd
|
$0.071 | 0.00 | 0.00% | $0.071 | $0.071 | 2 | $12.87 M | -61.62% | |
| HNR |
Hannans Ltd
|
$0.008 | 0.00 | 0.00% | $0.000 | $0.000 | - | $21.85 M | -61.91% | |
| IGO |
IGO Ltd
|
$7.27 | +0.11 | +1.54% | $7.27 | $7.00 | 3,408,787 | $5.51 B | -47.96% | |
| INF |
Infinity Lithium Corporation Ltd
|
$0.056 | -0.001 | -1.75% | $0.057 | $0.055 | 271,660 | $25.91 M | -55.20% | |
| INR |
Ioneer Ltd
|
$0.185 | -0.005 | -2.63% | $0.195 | $0.185 | 2,846,107 | $390.72 M | -36.21% | |
| IR1 |
Iris Metals Ltd
|
$0.345 | -0.005 | -1.43% | $0.350 | $0.325 | 160,530 | $44.69 M | -70.26% | |
| JBY |
James Bay Minerals Ltd
|
$0.210 | 0.00 | 0.00% | $0.210 | $0.190 | 151,957 | $6.86 M | +5.00% | |
| JRL |
Jindalee Resources Ltd
|
$1.01 | -0.005 | -0.49% | $1.01 | $1.01 | 147 | $60.92 M | -54.30% | |
| KOR |
Korab Resources Ltd
|
$0.008 | 0.00 | 0.00% | $0.000 | $0.000 | - | $2.94 M | -69.23% | |
| KTA |
Krakatoa Resources Ltd
|
$0.011 | 0.00 | 0.00% | $0.011 | $0.011 | 362,487 | $5.19 M | -66.67% | |
| L1M |
Lightning Minerals Ltd
|
$0.110 | +0.01 | +10.00% | $0.110 | $0.103 | 365,217 | $4.64 M | -43.59% | |
| LIS |
Li-S Energy Ltd
|
$0.140 | 0.00 | 0.00% | $0.140 | $0.135 | 65,087 | $89.63 M | -49.09% | |
| LIT |
Lithium Australia Ltd
|
$0.029 | +0.001 | +3.57% | $0.029 | $0.028 | 415,248 | $35.45 M | -23.68% | |
| LKE |
Lake Resources N.L.
|
$0.058 | +0.004 | +7.41% | $0.059 | $0.054 | 6,588,871 | $94.99 M | -86.35% | |
| LLI |
Loyal Lithium Ltd
|
$0.265 | -0.015 | -5.36% | $0.280 | $0.250 | 585,881 | $22.1 M | -17.19% | |
| LLL |
Leo Lithium Ltd
|
$0.505 | 0.00 | 0.00% | $0.000 | $0.000 | - | $498.55 M | +1.00% | |
| LNR |
Lanthanein Resources Ltd
|
$0.005 | +0.001 | +25.00% | $0.006 | $0.005 | 23,232,345 | $9.77 M | -73.68% | |
| LPD |
Lepidico Ltd
|
$0.003 | 0.00 | 0.00% | $0.003 | $0.003 | 1,448,152 | $22.91 M | -71.29% | |
| LPI |
Lithium Power International Ltd
|
$0.565 | 0.00 | 0.00% | $0.000 | $0.000 | - | $361.9 M | +109.26% | |
| LPM |
Lithium Plus Minerals Ltd
|
$0.130 | +0.01 | +8.33% | $0.130 | $0.120 | 21,736 | $11.18 M | -48.00% | |
| LRS |
Latin Resources Ltd
|
$0.200 | -0.005 | -2.44% | $0.215 | $0.198 | 4,219,422 | $560.68 M | +73.91% | |
| LTR |
Liontown Resources Ltd
|
$1.12 | +0.025 | +2.28% | $1.15 | $1.10 | 7,726,297 | $2.72 B | -58.82% | |
| MIN |
Mineral Resources Ltd
|
$68.82 | +0.28 | +0.41% | $69.39 | $66.31 | 726,951 | $13.49 B | -14.36% | |
| MLS |
Metals Australia Ltd
|
$0.022 | +0.001 | +4.76% | $0.023 | $0.021 | 392,482 | $15.56 M | -38.89% | |
| MQR |
Marquee Resources Ltd
|
$0.014 | 0.00 | 0.00% | $0.014 | $0.014 | 845,124 | $5.79 M | -36.36% | |
| NMT |
Neometals Ltd
|
$0.105 | -0.005 | -4.55% | $0.115 | $0.105 | 664,753 | $65.4 M | -81.72% | |
| NVA |
Nova Minerals Ltd
|
$0.295 | -0.005 | -1.67% | $0.310 | $0.295 | 34,406 | $62.83 M | -18.06% | |
| PLL |
Piedmont Lithium Inc
|
$0.180 | 0.00 | 0.00% | $0.185 | $0.178 | 1,834,952 | $71.69 M | -77.50% | |
| PLS |
Pilbara Minerals Ltd
|
$3.86 | +0.05 | +1.31% | $3.93 | $3.82 | 14,309,835 | $11.62 B | -8.75% | |
| PMT |
Patriot Battery Metals Inc
|
$0.755 | +0.02 | +2.72% | $0.760 | $0.735 | 2,903,854 | $442.55 M | -48.46% | |
| PNN |
Power Minerals Ltd
|
$0.125 | +0.01 | +8.70% | $0.125 | $0.110 | 216,624 | $11.58 M | -70.24% | |
| POS |
Poseidon Nickel Ltd
|
$0.006 | 0.00 | 0.00% | $0.007 | $0.006 | 535,249 | $22.28 M | -84.21% | |
| PSC |
Prospect Resources Ltd
|
$0.140 | +0.005 | +3.70% | $0.140 | $0.135 | 104,073 | $64.87 M | -3.45% | |
| PUR |
Pursuit Minerals Ltd
|
$0.005 | 0.00 | 0.00% | $0.005 | $0.005 | 3,220,000 | $14.72 M | -72.22% | |
| RIO |
RIO Tinto Ltd
|
$129.38 | -0.19 | -0.15% | $129.80 | $126.28 | 2,023,511 | $48.03 B | +14.31% | |
| RLC |
Reedy Lagoon Corporation Ltd
|
$0.004 | 0.00 | 0.00% | $0.000 | $0.000 | - | $2.48 M | -31.19% | |
| SGQ |
ST George Mining Ltd
|
$0.018 | -0.001 | -5.26% | $0.019 | $0.018 | 581,317 | $17.79 M | -64.00% | |
| SLM |
Solis Minerals Ltd
|
$0.105 | 0.00 | 0.00% | $0.105 | $0.105 | 750 | $8.15 M | -22.22% | |
| SRK |
Strike Resources Ltd
|
$0.043 | 0.00 | 0.00% | $0.049 | $0.043 | 482,953 | $12.2 M | -25.86% | |
| SYA |
Sayona Mining Ltd
|
$0.034 | 0.00 | 0.00% | $0.035 | $0.034 | 11,300,906 | $349.97 M | -82.56% | |
| TAR |
Taruga Minerals Ltd
|
$0.008 | 0.00 | 0.00% | $0.008 | $0.008 | 1,000,000 | $5.65 M | -60.00% | |
| TEM |
Tempest Minerals Ltd
|
$0.009 | 0.00 | 0.00% | $0.009 | $0.009 | 397,621 | $4.67 M | -50.00% | |
| TKL |
Traka Resources Ltd
|
$0.002 | 0.00 | 0.00% | $0.000 | $0.000 | - | $3.5 M | -63.64% | |
| TRT |
Todd River Resources Ltd
|
$0.008 | 0.00 | 0.00% | $0.000 | $0.000 | - | $11.89 M | -52.94% | |
| VMC |
Venus Metals Corporation Ltd
|
$0.093 | 0.00 | 0.00% | $0.093 | $0.093 | 3,870 | $17.64 M | -17.97% | |
| VUL |
Vulcan Energy Resources Ltd
|
$3.05 | +0.02 | +0.66% | $3.11 | $3.01 | 340,764 | $524.82 M | -47.32% | |
| WC8 |
Wildcat Resources Ltd
|
$0.480 | +0.02 | +4.35% | $0.505 | $0.463 | 6,069,410 | $579.15 M | +1500.00% | |
| WML |
Woomera Mining Ltd
|
$0.005 | -0.001 | -10.00% | $0.005 | $0.004 | 650,063 | $5.48 M | -59.09% | |
| WR1 |
Winsome Resources Ltd
|
$1.34 | +0.06 | +4.69% | $1.39 | $1.25 | 1,319,739 | $255.65 M | +10.74% | |
| ZNC |
Zenith Minerals Ltd
|
$0.095 | 0.00 | 0.00% | $0.095 | $0.095 | 8,648 | $33.48 M | -42.42% |
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