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The 7 Best Recently Launched Startups Crowdfunding on StartEngine

StartEngine offers a lot of reasons to consider investing in startups. The numbers on the StartEngine website speak for themselves; the company touts more…

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This article was originally published by Investor Place

StartEngine offers a lot of reasons to consider investing in startups. The numbers on the StartEngine website speak for themselves; the company touts more than 500 offerings raising over $400 million by over 500,000 investors. Equity crowdfunding is clearly big business!

Investing in startups can be both risky and challenging. New investment opportunities can offer diversification benefits to any portfolio. But as always, you should do your due diligence before investing in any equity crowdfunding opportunity.

Here are seven startups that have recently launched their equity crowdfunding campaigns:

  • Supporteo
  • Eli Electric Vehicles
  • Cannabox
  • California Tacos, Inc.
  • Galexa
  • DELEE
  • WiTopia, Inc.

New Equity Crowdfunding Opportunity: Supporteo

Source: Gorodenkoff / Shutterstock

Supporteo is an augmented reality and artificial intelligence platform that provides remote workers with real-time assistance through video calls with experts, allowing for quick solutions to problems. It’s an industrial platform offering solutions to problems that connects workers and experts to complete maintenance tasks with the use of technology.

This platform makes troubleshooting problems easier and less costly. Equipment maintenance is often very costly, and this is a novel approach to reducing those costs. It may also offer benefits for worker safety.

Supporteo claims that “the augmented reality (AR) market is projected to grow from $15.3 billion in 2020 to $77 billion by 2025 at a CAGR of 38.1%.” Sectors the company claims could benefit from this technology include aviation, automotive, logistics and manufacturing, just to name a few.

The minimum investment in Supporteo is $248.16.

Eli Electric Vehicles

idex stock: Concept art of an electric vehicle with a charging cord coming out.Source: Shutterstock

Eli Electric Vehicles wants to become “the next evolution of personal mobility” by offering small electric vehicles that emphasize efficiency and affordability for transportation in an urban environment.

Eli Electric Vehicles has its first Micro-EV model, Eli ZERO Plus already in production. The company is preparing to offer this model in Europe and the U.S.

Eli Electric Vehicles had a previous crowdfunding campaign in 2020, and more than 1500 investors supported the company then. Eli Electric Vehicles targets the 70% of the global population projected to live in urban areas.

This small EV will also be street legal for the U.S. as well. What is interesting is that this small EV will have a different classification in the U.S. and Europe. “Eli ZERO’s is classified as a NEV (Neighborhood Electric Vehicle) in the US, and a Light Quadricycle in Europe.”

With a starting price of about $12,000, Eli ZERO Plus is a rather cheap but clever solution in the micro-EV market that “has seen incredible growth in recent years, with 15.4% CAGR from 2018 to 2025. The market was valued around $2.4 billion in 2017 and projected to value at least $7.6 billion by 2025.”

The minimum investment in Eli Electric Vehicles is $275.

New Equity Crowdfunding Opportunity: Cannabox

photo of a hand holding a marijuana joint that is smoking against a green outdoor backgroundSource: shutterstock.com/Tunatura

Cannabox is a subscription-based monthly box that “sends customers a mystery box of innovative cannabis accessories like glass, papers, wraps, gear, snacks, and more.” With a price of $30.99 each month subscribers get a theme with 6-8 useful smoking accessories and some extras such as snacks and apparel.

The cannabis market is a market with plenty of expected growth in the next five years. It was “valued at $24.6B in 2020 is expected to reach $55.9B by 2026.” Cannabox is not a pre-revenue company. It has been making revenue and has reportedly “achieved $14.4M in revenue to date and experienced 63.5% YoY revenue growth from 2019 to 2020.”

The cannabis market is a hot theme in the U.S. stock market with plenty of news regarding the possibility of legalization in the U.S. If cannabis becomes legal on a federal level, then the prospects for companies selling cannabis products such as Cannabox seem to be promising.

The minimum investment in Cannabox is $107.16.

California Tacos, Inc

Three soft tacos stuffed with ingredients are displayed on a wooden serving tray.Source: Joshua Resnick / Shutterstock.com

California Tacos, Inc is a restaurant offering quality homemade southern California-style Mexican food. The company touts that its food is made without preservatives or substitutes, focusing on healthy and clean eating.

This “fast casual Southern California-inspired Mexican restaurant” has a diversified business model targeting three sectors. First of all, there is the restaurant itself with homemade tortillas, fresh ingredients and exciting menu options. This menu is naturally the core of the business.

But there is more to the company. It has a line of hot sauces it calls Bandito Sauce with a large distribution network, and a mobile app calledBitGo that it intends to offer to other independent restaurants. This app offers services such as delivery and contactless takeout, a big concern for many with Covid-19 still ongoing

California Tacos targets both the fast-casual restaurant market and the global culinary sauces market. Both are expected to be high-growth markets.

Current restaurant locations include Portugal and Delaware with future locations in Florida.

The minimum investment in California Tacos is $248.16.

New Equity Crowdfunding Opportunity: Galexa

cardboard miniature house on table back-lit by sunlight through a windowSource: Shutterstock

Galexa is a manufacturer of alternative building materials for roof systems, walls and floors for use in both homes and commercial buildings.

Galexa wants to solve the problem of affordable building materials and find solutions to the limitations of more traditional building materials such as concrete, steel and wood. These materials have severe disadvantages, either in longevity or in strength.

Galexa is designing composite materials that are superior to traditional ones, with key benefits in time saved and the cost of construction. With the bold vision to disrupt the construction industry, Galexa claims it reduces “on site labor costs by over 30%. In addition, our materials exceed even the toughest standards for strength and durability.”

There is already a pipeline of more than 200 units under construction considered to be valued at $11 million. Galexa aims to construct strong, energy-efficient, safe buildings.

The minimum amount of investment in Galexa is $335.

Delee

Scientist using a microscopeSource: Maksim Shmeljov / Shutterstock.com

Delee is a “blood testing platform for early cancer diagnosis & treatment monitoring.” The company cites the statistic that 39.5% of Americans will be diagnosed with cancer during their lifetime.

Delee has developed CytoCatch, an isolation platform and imaging system used for early cancer detection.

By analyzing a single blood tube, CytoCatch is performing a fully automated protocol that isolates and analyzes circulating tumor cells (CTCs), performs image acquisition analysis and enables molecular analysis to provide results. This technology for early cancer detection can be used for a variety of types of cancer.

Delee has pre-orders for its unique medical technology estimated at more than $2.5 million. Main customers include research centers and pharmaceutical companies, and in the future hospitals and laboratories too. There are big plans for the commercialization of the technology.

The minimum investment in Delee is $199.20.

New Equity Crowdfunding Opportunity: WiTopia, Inc.

a visualization of Internet communications superimposed on a photo of a city skylineSource: Shutterstock

WiTopia, Inc. provides internet solutions focusing on security, privacy and freedom. It offers virtual private network (VPN) and email encryption services and aims to reduce cybercrime and other type of online fraud.

Before investing in a company, you should always take into consideration the market or sector it operates in. As for WiTopia’s market, it says that “the global VPN market is expected to grow from $25.41 billion in 2019 to $75.59 billion by 2027. The global encrypted email market was valued at $3.86 billion in 2019 and is projected to reach $19.26 billion by 2027.”

There are a lot of dangers to using the internet. Identity theft is a significant threat. The company’s services provide a safe environment for business and entertainment.

WiTopia offers two key products, personalVPN, and SecureMyEmail. Both of these services allow you to browse the internet with safety and privacy, offering solutions such as hiding your IP address and location, avoiding unwanted ads based on your cookies and safe shopping.

With increasing emphasis on legislation such as the General Data Protection Regulation (GDPR) in Europe that supports the protection of important and sensitive personal data, WiTopia is well placed in the internet security space, a market that should witness plenty of growth.

The minimum investment in WiTopia is $299.13.

On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Stavros Georgiadis is a CFA charter holder, an Equity Research Analyst, and an Economist. He focuses on U.S. stocks and has his own stock market blog at thestockmarketontheinternet.com/. He has written in the past various articles for other publications and can be reached on Twitter and on LinkedIn.

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Energy & Critical Metals

Chinese EV Stocks: The Flying Car News That Has NIO, LI and XPEV Stocks Gaining

Today, Chinese electric vehicle (EV) stocks are seeing some rather impressive price action. Shares of Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and XPeng (NYSE:XPEV)…

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Today, Chinese electric vehicle (EV) stocks are seeing some rather impressive price action. Shares of Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and XPeng (NYSE:XPEV) are all up between 6% and 12% at the time of writing.

Source: Shutterstock

These moves appear to indicate two things. First, U.S. investors are growing more bullish on Chinese equities.

Second, it appears a sector-specific catalyst is at play with Chinese EV stocks. Today, there’s some high-profile news that’s taking these emerging market EV stocks higher. Let’s take a look at what’s driving interest in the Chinese EV sector today.

Chinese EV Stocks Soar on Flying Car News

At XPeng’s annual 1024 Tech day, the company unveiled a number of new developments. However, among the key innovations investors are focused on is the company’s plans for a flying car.

We’re now in the 2020s, and the future envisioned in The Jetsons hasn’t materialized yet. That said, Xpeng aims to change that.

The company’s XPeng X2 will reportedly be available in 2024. XPeng is also reportedly working with HT Aero, an urban mobility company backed by XPeng, to build these vehicles. The company notes that HT already has 15,000 successful flights under its belt. Accordingly, the rollout of the company’s X2 model appears to be more realistic than other options elsewhere around the world.

Additionally, XPeng announced at this event a number of other technological innovations. Faster supercharging technology and new robotic tech anticipated to be used to boost autonomy were other key highlights. Additionally, a new “full-scenario advanced driver assistance” technology expected to be rolled out in the first half of 2023. This sounds a lot like “full self driving,” though investors will have to wait and see what is ultimately rolled out.

For now, XPeng and its Chinese EV counterparts appear to have a number of catalysts investors like right now.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Author: Chris MacDonald

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Energy & Critical Metals

Tesla Ditches Nickel and Cobalt in Move to Lithium Iron Phosphate (LFP) Batteries

China’s ongoing energy shortage starts to affect domestic battery materials production Tesla ditches nickel, cobalt as prices soar Pilbara Minerals’…

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  • China’s ongoing energy shortage starts to affect domestic battery materials production
  • Tesla ditches nickel, cobalt as prices soar
  • Pilbara Minerals’ (ASX:PLS) third spodumene auction unofficially scheduled for October 26
  • Weekly small cap standouts include Arizona Lithium (ASX:AZL) and QX Resources (ASX:QXR)

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

 

All eyes on Pilbara Minerals’ lithium auction

Unofficially scheduled for Tuesday October 26 is  Pilbara Minerals’ (ASX:PLS) third auction on the Battery Material Exchange (BMX) digital platform for 10,000t (SC5.2%) spodumene.

The second auction went off at an incredible $US2,440/t, singlehandedly sparking a historic 86.5% month-on-month increase for average spod pricing industry-wide.

Susan Zou, non-ferrous editor at Fastmarkets, says bids for the upcoming coming auction “will not be as aggressive”.

“While the market consensus is that spodumene tightness will not ease significantly in the short term – despite Pilbara Minerals now producing spodumene from the restarted former Altura lithium project – the bids for the upcoming auction will not be as aggressive as last time because the ascent of lithium prices in China has slowed after the week-long national holiday compared with September, while the shipment time is months away,” Zou said.

 

Tesla ditches nickel, cobalt as prices soar

Tesla posted record revenue and profits in third quarter.

Improved gross margins of 30.5% on its automotive business are an industry benchmark, but Tesla reckons it can do better.

Amid rising material costs, Tesla will switch all its standard range vehicles to lithium iron phosphate based (LFP) batteries.

LFP-based lithium-ion batteries are cheaper and safer than chemistries that use nickel and cobalt, but less energy dense.

 

The switch comes as lithium-ion battery chemical prices are on the rise.

Argus says its minimum 22% nickel sulphate assessment rose by 31% in the last six months to $US4,450-4,650 per tonne today.

Meanwhile, prices for minimum 20.5% cobalt sulphate have increased by 23% over the same period to $US5.59-5.77/lb.

 

Energy-starved China throttles battery materials production

China’s ongoing energy shortage has begun to affect domestic battery materials production, with several companies forced to scale back anode and cathode production in late Q3, according to Benchmark Mineral Intelligence.

China is grappling with a shortage of coal – which fuels most of its electricity supply – due in part to its trade war with Australia.

This has seen metals prices spike as power restrictions on industry are imposed.

“During China’s National Energy Commission meeting in mid-October, Premier Keqiang Li emphasised that extreme electricity cuts need to be corrected to ensure that the northern regions have secure usage of electricity for the winter, signifying that electricity restrictions within China might be relaxed at some stage in Q4,” Benchmark says.

“In the long-term, China seeks to guarantee resource security by addressing the structural issues behind the current electricity supply shortage.

“The government is pushing for an upgrade in coal-powered electricity infrastructure, diversification of energy sources, and mass adoption of energy storage technologies.”

 

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing>>>

 
 
CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % SHARE PRICE [INTRADAY MONDAY] MARKET CAP
AZL Arizona Lithium 94 138 132 692 0.095 $ 137,622,511.52
BUX Buxton Resources 72 72 62 28 0.115 $ 9,387,824.81
TNG TNG Limited 52 60 30 14 0.125 $ 131,197,189.20
QXR Qx Resources Limited 50 125 50 59 0.027 $ 19,990,869.63
LKE Lake Resources 49 43 181 1375 0.87 $ 1,062,055,777.22
PNN PepinNini Minerals 42 24 100 177 0.54 $ 21,431,426.68
INF Infinity Lithium 40 75 11 119 0.21 $ 72,254,428.58
PVW PVW Res 40 115 200 180 0.42 $ 30,479,625.00
AGY Argosy Minerals 33 84 210 448 0.285 $ 312,567,926.00
CAE Cannindah Resources 32 133 302 1014 0.245 $ 121,937,265.54
EUR European Lithium 29 29 90 186 0.12 $ 111,424,488.42
LOT Lotus Resources 28 26 171 301 0.3525 $ 318,108,500.16
PAM Pan Asia Metals 26 22 311 259 0.575 $ 42,722,013.52
BSX Blackstone 24 48 90 78 0.675 $ 218,516,601.60
VUL Vulcan Energy 21 3 96 1107 13.94 $ 1,658,145,468.07
BOA Boadicea Resources 20 17 -23 0 0.21 $ 15,539,979.00
ARR American Rare Earths 20 24 121 75 0.21 $ 67,237,623.57
GLN Galan Lithium 19 29 57 819 1.24 $ 325,297,652.63
RLC Reedy Lagoon Corp. 19 7 35 138 0.031 $ 14,040,680.32
IXR Ionic Rare Earths 16 26 -9 207 0.043 $ 132,303,581.05
AAJ Aruma Resources 16 9 33 -15 0.096 $ 10,706,727.76
NTU Northern Min 15 23 29 47 0.053 $ 242,375,398.30
SRL Sunrise 13 21 -6 -26 2.04 $ 177,414,021.63
MNS Magnis Energy Tech 13 24 10 108 0.385 $ 357,832,300.21
LPI Lithium Pwr Int 13 56 59 121 0.43 $ 153,458,733.12
COB Cobalt Blue 12 36 13 295 0.435 $ 122,383,707.27
LEL Lithenergy 11 23     0.69 $ 30,150,000.00
LIT Lithium Australia NL 10 6 6 160 0.1325 $ 124,888,951.75
ARN Aldoro Resources 10 2 26 344 0.44 $ 37,133,707.38
INR Ioneer 9 11 99 256 0.695 $ 1,313,895,861.69
JRV Jervois Global 8 17 42 112 0.6075 $ 901,491,557.89
AUZ Australian Mines 8 13 18 77 0.026 $ 107,588,977.85
BRB Breaker Res NL 8 25 38 57 0.33 $ 105,898,301.93
NIC Nickel Mines Limited 8 9 -15 9 1.065 $ 2,653,355,648.81
LTR Liontown Resources 8 30 355 595 1.695 $ 3,210,779,681.76
IGO IGO Limited 8 7 41 125 9.78 $ 7,231,907,614.15
CLA Celsius Resource 7 12 -28 -17 0.029 $ 30,369,614.35
TKL Traka Resources 7 15 -12 -35 0.015 $ 9,331,618.41
GME GME Resources 7 7 19 53 0.075 $ 43,955,316.39
ARL Ardea Resources 7 14 0 7 0.525 $ 73,158,136.07
MRD Mount Ridley Mines 7 50 7 150 0.0075 $ 39,246,503.66
JRL Jindalee Resources 7 0 -16 298 2.59 $ 128,226,399.42
TLG Talga Group 7 8 14 61 1.555 $ 460,909,457.12
GL1 Globallith 6 4     0.415 $ 37,369,876.32
RNU Renascor Res 6 -5 47 1225 0.1325 $ 245,247,740.92
ASN Anson Resources 6 0 20 143 0.09 $ 88,448,243.17
QEM QEM Limited 6 24 -23 64 0.18 $ 20,416,199.94
ORE [nxtlink id="268668"]Orocobre Limited[/nxtlink] 6 3 48 238 9.16 $ 5,833,359,111.90
AOU Auroch Minerals 6 9 -5 19 0.185 $ 53,901,539.10
HAS Hastings Tech Met 6 21 54 119 0.285 $ 469,383,100.56
CXO Core Lithium 6 42 125 1050 0.575 $ 969,599,098.13
GW1 Greenwing Resources 5 -3 -16 97 0.295 $ 32,355,260.85
ADD Adavale Resource 5 -9 7 88 0.06 $ 19,231,521.12
SYA Sayona Mining 5 -12 288 1576 0.1625 $ 1,098,609,343.52
DEV Devex Resources 5 6 14 32 0.33 $ 98,506,869.44
LEG Legend Mining 4 12 -39 -44 0.073 $ 206,635,179.08
G88 Golden Mile Res 4 6 -46 -21 0.05 $ 8,892,953.06
BEM Blackearth Minerals 4 -11 -11 136 0.125 $ 26,087,432.04
ILU Iluka Resources 3 4 30 84 9.59 $ 3,990,798,085.06
ESR Estrella Res 3 -8 -29 -75 0.036 $ 41,833,574.64
ATM Aneka Tambang 3 10 10 10 1.1 $ 1,434,013.90
CTM Centaurus Metals 3 13 59 76 1.11 $ 384,976,538.24
LYC Lynas Rare Earths 3 3 34 145 7.13 $ 6,172,495,029.36
VML Vital Metals Limited 3 -1 -1 105 0.0595 $ 245,763,501.96
REE Rarex Limited 3 5 -2 -24 0.1025 $ 44,256,133.99
HXG Hexagon Energy 2 21 -25 69 0.086 $ 37,465,161.47
PAN Panoramic Resources 2 12 52 114 0.235 $ 481,964,790.94
LPD Lepidico 2 6 20 231 0.0265 $ 159,956,743.67
AML Aeon Metals . 2 0 -35 -55 0.056 $ 47,410,992.26
RFR Rafaella Resources 1 -12 -28 -37 0.079 $ 14,877,908.60
S2R S2 Resources 1 2 -43 -67 0.089 $ 31,717,362.10
OZL OZ Minerals 1 13 4 58 25.29 $ 8,324,691,576.35
CHN Chalice Mining 1 -2 4 135 6.9 $ 2,424,685,296.60
PLS Pilbara Min 0 -3 87 454 2.09 $ 6,205,808,124.56
MLS Metals Australia 0 0 -33 0 0.002 $ 10,477,114.72
SLZ Sultan Resources 0 6 -5 -33 0.18 $ 12,516,190.02
TON Triton Min 0 -3 -26 -36 0.032 $ 36,302,978.14
WKT Walkabout Resources 0 0 -43 11 0.195 $ 82,954,311.77
MRC Mineral Commodities 0 3 -36 -55 0.15 $ 77,573,641.93
AJM Altura Mining 0 0 0 0 0.07 $ 238,056,602.28
LML Lincoln Minerals 0 0 0 0 0.008 $ 4,599,869.49
AQD Ausquest Limited 0 -6 -15 -39 0.017 $ 13,994,227.13
MMC Mitremining 0       0.225 $ 5,958,722.00
ALY Alchemy Resource 0 -5 -17 -42 0.013 $ 10,923,956.10
TMT Technology Metals 0 -8 6 9 0.37 $ 71,816,002.34
SYR Syrah Resources 0 -3 1 135 1.115 $ 558,582,889.76
CWX Carawine Resources 0 5 -22 -41 0.2 $ 23,411,328.93
VRC Volt Resources 0 0 55 182 0.031 $ 84,728,868.96
BKT Black Rock Mining 0 17 50 289 0.21 $ 183,003,319.24
FGR First Graphene 0 17 -25 31 0.21 $ 121,026,616.92
HNR Hannans 0 19 391 391 0.034 $ 77,879,247.34
NWC New World Resources 0 11 -21 61 0.079 $ 126,920,495.68
AZS Azure Minerals 0 4 13 -14 0.36 $ 113,053,538.17
VIA Viagold Rare Earth 0 852 2339 10426 2 $ 166,624,808.00
MIN Mineral Resources. 0 -7 -4 72 43.21 $ 7,436,921,309.18
STK Strickland Metals -1 81 335 -22 0.087 $ 96,212,112.39
PEK Peak Resources -1 -6 -12 129 0.08 $ 155,053,661.96
VR8 Vanadium Resources -1 22 55 204 0.079 $ 37,013,989.92
EGR Ecograf Limited -2 -12 6 274 0.635 $ 285,707,746.47
PRL Province Resources -2 9 -23 1089 0.1575 $ 175,097,270.71
SRI Sipa Resources -2 -15 -18 -33 0.056 $ 11,229,754.09
MCR Mincor Resources NL -2 7 42 38 1.375 $ 653,823,670.50
POS Poseidon Nick -2 3 68 18 0.1025 $ 321,715,750.23
BHP BHP Group -2 -2 -20 4 37.93 $ 111,076,964,984.10
RBX Resource Base -3 -7 459 459 0.19 $ 7,590,041.15
RXL Rox Resources -3 0 -32 -56 0.38 $ 60,678,931.39
PGM Platina Resources -3 13 31 42 0.071 $ 32,144,293.31
PUR Pursuit Minerals -3 -29 -55 150 0.035 $ 31,858,473.14
PSC Prospect Res -3 6 178 271 0.445 $ 168,750,355.40
ARU Arafura Resource -3 45 21 107 0.2175 $ 333,238,676.38
HYM Hyperion Metals -3 -14 3 205 0.99 $ 139,112,491.00
GED Golden Deeps -4 14 -4 -22 0.0125 $ 9,310,217.28
GAL Galileo Mining -4 -11 -14 4 0.24 $ 42,025,301.25
AVL Aust Vanadium -4 9 4 100 0.024 $ 78,739,811.54
SGQ St George Min -4 3 -21 -47 0.071 $ 42,421,747.46
BMM Balkanminingandmin -4 -4     0.68 $ 23,075,000.00
FFX Firefinch -4 -6 78 199 0.5975 $ 601,926,599.30
MOH Moho Resources -5 -3 -25 -50 0.058 $ 6,506,350.33
PLL Piedmont Lithium -5 17 -4 104 0.805 $ 438,791,187.00
AXE Archer Materials -6 -28 76 199 1.51 $ 368,447,115.96
ESS Essential Metals -6 -8 106 110 0.1975 $ 43,959,695.19
FRS Forrestania Resources -6       0.38 $ 10,378,500.00
IPT Impact Minerals -7 -18 -22 -36 0.014 $ 30,356,923.79
NKL Nickelx -7 -37     0.135 $ 7,490,000.00
NMT Neometals -7 0 84 373 0.875 $ 474,345,582.54
EMH European Metals Hldg -7 -8 -4 198 1.34 $ 171,721,393.80
MLX Metals X -8 8 69 354 0.3725 $ 335,688,444.79
VMC Venus Metals -8 6 -9 -36 0.17 $ 25,683,376.11
ADV Ardiden -8 -15 -31 -73 0.011 $ 23,686,688.92
NVA Nova Minerals -9 7 3 -18 0.155 $ 277,455,821.34
CHR Charger Metals -9 -25     0.41 $ 13,132,724.35
SBR Sabre Resources -9 0 -17 -44 0.005 $ 8,446,568.25
CNJ Conico -10 -34 31 90 0.038 $ 38,008,165.21
QPM Queensland Pacific -10 -2 147 503 0.235 $ 325,347,151.44
CZN Corazon -10 0 0 -54 0.037 $ 10,152,702.68
MAN Mandrake Resources -10 14 -61 7 0.064 $ 31,511,737.62
RMX Red Mountain Mining -10 -10 -18 -40 0.009 $ 13,180,124.72
GBR Great Boulder Resources -10 20 400 144 0.18 $ 69,660,982.76
A8G Australasian Gold -10 66     0.58 $ 27,027,640.86
BAR Barra Resources -11 0 32 -26 0.025 $ 20,569,575.34
AVZ AVZ Minerals -11 16 73 268 0.32 $ 1,045,906,121.00
AR3 Australian Rare Earths -13 -19     0.8 $ 36,274,494.87

 

 

Weekly Small Cap Standouts

ARIZONA LITHIUM (ASX:AZL)

The recently rebranded lithium play is now up 94% over the past five days on no news.

AZL recently completed the spin-out of its gold and copper assets to Diablo Resources (ASX:DBO) to focus on its ‘Big Sandy’ lithium project in the US.

In response to a recent price query from the ASX, AZL also noted that lithium carbonate prices in China are trading at record highs in October.

The $163m market cap stock has gained an impressive ~850% year-to-date.

 

 

QX RESOURCES (ASX:QXR)

Gold focused QX has officially acquired a lithium project in the Pilbara, the hard rock capital of the world.

The explorer exercised an option to buy the ‘Turner River’ lithium project early, in advance of the due diligence period lapsing.

This reflects QXR’s confidence in the project’s prospectivity, QXR says.

It will also acquire the adjoining tenements for an extra $6000, which brings the total tenement position at Turner River from 45sqkm to 84sqkm.

“Following the recent site visit and after further reviews of the project’s geology and the surrounding prospects, we have taken the decision to not only exercise the Turner River option early but to expand our tenement holdings in the area by applying for some adjoining ground which looks equally as prospective,” QXR chairman Maurice Feilich says.

That recent site visit identified contained “numerous pegmatite dykes”. Encouraging start.

“Further site visits are planned, and we look forward to keeping shareholders updated on progress here and with respect to the ongoing work in Queensland,” Feilich says.

 

The post High Voltage: Tesla ditches nickel and cobalt, spotlight on Pilbara Minerals’ third spodumene auction appeared first on Stockhead.

[nxtlink id="268668"]orocobre limited[/nxtlink]

Author: Reuben Adams

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EU Could Run Out Magnesium by November End Forcing an Aluminum Alloy Supply Crisis

Countries from the Western Hemisphere to the Eastern hemisphere are now focusing on economic recoveries from the pandemic. That means spending is up, manufacturing…

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European Union flags in front of the Berlaymont building (European Commission) in Brussels, Belgium.

Countries from the Western Hemisphere to the Eastern hemisphere are now focusing on economic recoveries from the pandemic. That means spending is up, manufacturing is up, and industry is refiring. 

But some European leaders worry about a shortage of magnesium and what kind of effects that might have on an industrial recovery from the pandemic. The European Union gets 95% of its magnesium from China, and so talks have opened between the EU and China to ensure the supply of the silvery-white metal used to make aluminum. 

One of the challenges facing Chinese magnesium smelters is the electricity shortages sweeping the nation. The power cuts due to challenges generating sufficient energy from current power sources mean that China has ordered some smelters to close.

Factories have had to be powered down, and rationing is in effect in many regions as the country tries to manage its electricity supply. The talks are of particular importance since China has ordered approximately 35 out of 50 magnesium smelters to close until the end of the year. The reason was to conserve electricity, but the effect has been a supply shift that has EU leaders worried. 

A Fast-Approaching Deadline

Germany’s association of metals producers, WVM, warned that the current European inventories will be exhausted by the end of November – a fast-approaching deadline. The price of magnesium has spiked in recent months as uncertainty surrounding a supply dearth creates chaos in the markets. 

It is also difficult to store, and this has been a worrying point of contention as well. It begins to oxidize after three months, and global stocks could run critically low before the end of 2021 if China does not restart production soon. 

Magnesium is used to make aluminum, which has become a critical metal for the industrial sector, especially for the auto industry. Aluminum alloys are used in auto parts that include gearboxes, steering columns, fuel tank covers, and seat frames. Its lightweight nature means it can be formed into the necessary shapes while maintaining strength and lightness. 

As a result of aluminum used in cars, fuel efficiency has skyrocketed in the past decade. The lighter, more efficient cars are also cheaper to produce thanks to affordable aluminum. However, with the price of magnesium up from approximately $2000 per tonne at the beginning of the year to approximately $4700 per tonne now, the certainty that affordable aluminum can continue to be made is in doubt as well. Industry groups have said that the remaining stocks in Europe are selling for $10,000-$14,000 per tonne in Europe.

The issue was raised on Thursday during an EU leaders’ summit, and a dialogue was opened with China by the European Commission. 

On the other side of the world, North American is having its own issues with magnesium. Canada’s Matalco Inc. produces aluminum billet. Last week it had to tell clients that magnesium availability had “dried up” and if it continued then the company may have to cut output. Additionally, it may need to ration deliveries beginning in 2022 to ensure that some are prioritized and every client gets the minimum needed.

Magnesium as a Critical Metal

Magnesium is a light metal used as an alloy for hardening aluminum used in beverage cans and light car parts. The most commonly used magnesium castings do not contain more than 90 mg of alloyed aluminum. Magnesium compounds are used for various purposes.

Magnesium castings are used in the automotive industry, aerospace components, defense applications, and consumer goods (especially laptops, tablets, and mobile phones covers). Aluminum alloys contain an average of 0.8% magnesium and are used in a wide variety of industries with packaging (35% of magnesium used in aluminum alloys), transport (25%), and construction (21%) being the three most important.    

China has a quasi-monopoly on the production of magnesium, which is a key component of the production of aluminum alloys. About 95% of the world’s magnesium production comes from China, most of it from the city of Yulin in Shaanxi Province. Worldwide production of magnesite (Sitmate) is 596 Mt, of which China is the largest producer.    

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Dangerous Magnesium Crisis Bears Down On EU appeared first on MiningFeeds.

Author: Matthew Evanoff

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