Ken Hoffman called the lithium bottom before the market did. Ten months on, Chinese carbonate has gone from CNY 61,000 a tonne to CNY 148,000, copper has printed a record US$14,455, and the demand engine driving all of it — stationary storage — is one almost nobody had in their models three years ago. Youtube - youtu.be/4h2qp0g4Z28 Spotify - open.spotify.com/episode/5yC… What we covered: - Why he called the lithium bottom early, and what was in the data everyone else skipped past - Whether "chaos is the opportunity" still holds, or is now destroying more value than it creates - Stationary storage overtaking EV batteries — does the crossover still happen this decade? - China's two big policy moves on storage, and which one actually matters for lithium demand - The Chinese "emergency order" for backup batteries — where that number comes from, and what's contracted - Data-centre storage as a separate demand vector, or the industry double-counting the same megawatt-hours - Where the next demand surprise comes from after storage Lithium at CNY 148,000 — a pause in a bull market, or the front edge of the next supply response - Bald Hill, Finniss and Jianxiawo restarting, and what's different from the 2023–25 glut - Zimbabwe's export ban and whether the Indonesian nickel playbook transfers to lithium - His own forecasting record, and the systematic bias in demand modelling - Where new lithium supply gets built at US$18,000 a tonne without a government cheque - Copper's record run, and the correction he called that never came AI data centres versus Grasberg and El Teniente — narrative or genuine structural loss - What a coherent US copper strategy would actually look like - Rare earths and the US$110 NdPr price floor — who is absorbing the gap - China's grip on refined NdPr and heavy rare earth separation, and what the West can realistically shift - The anode duties that never issued, and whether the US has quietly conceded anodes for this cycle - China's graphite and battery-equipment export controls, and what happens when the suspension expires in November - Manganese, LMFP, and what has to happen for that thesis to pay (including his Firebird Metals advisory role) - Why he's not a believer in sodium-ion, and what would change his mind - The material with the strongest demand outlook and the thinnest pipeline - Separating the West's mining problem from its refining problem #Lithium #BatteryMetals #CriticalMinerals #Copper #RareEarths #EnergyStorage #BESS #ASX #Mining #Nickel #Cobalt #Manganese #LFP #LMFP #SodiumIon #EVs #Graphite #SupplyChain #Commodities #MiningInvestment

Would Lynas or Iluka take 3rd-party concentrate for their own cracking and leaching circuits in WA? Full episode with Jacob Deysel, CEO Critica Ltd $CRI below: Youtube - youtu.be/mIIv6ugiTMg Spotify - open.spotify.com/episode/0e1… #Critica #CRI #ASX #RareEarths #REE #NdPr #HeavyRareEarths #Dysprosium #Terbium #Yttrium #CriticalMinerals #Jupiter #WesternAustralia #ScopingStudy #Lynas #Iluka #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

U.S. firmly focused on Greenland Minerals Full episode with Paul Williams and Ian McBride, Auking Mining $AKN below: Youtube - youtu.be/O--fElXvFS4 Spotify - open.spotify.com/episode/6fP… #AuKingMining #AKN #ASX #RareEarths #Niobium #Greenland #Malawi #Tundulu #Qeqertaasaq #Carbonatite #CriticalMinerals #NdPr #REE #Exploration #ASXSmallCaps #SmallCaps #MiningNews #JuniorMining #MiningInvestment #LEVRD

64% Iron by-product potentially a win for a 8Mt clay rare earth project in Western Australia Full episode with Jacob Deysel, CEO Critica Ltd $CRI below: Youtube - youtu.be/mIIv6ugiTMg Spotify - open.spotify.com/episode/0e1… #Critica #CRI #ASX #RareEarths #REE #NdPr #HeavyRareEarths #Dysprosium #Terbium #Yttrium #CriticalMinerals #Jupiter #WesternAustralia #ScopingStudy #Lynas #Iluka #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

This $PNN core looks horrible, which means it's GREAT FOR FREE DIG!!! Full episode with @ASX_PNN_CEO from Power Minerals (ASX: PNN) below: Youtube - youtu.be/02dTOE-08lQ Spotify - open.spotify.com/episode/4zr… #PowerMinerals #PNN #ASX #RareEarths #REE #NdPr #MagnetMetals #CriticalMinerals #Brazil #MinasGerais #MorroDoFerro #Dysprosium #Terbium #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

China Export Controls Driving Demand for #rareearths Full episode with Jacob Deysel, CEO Critica Ltd $CRI below: Youtube - youtu.be/mIIv6ugiTMg Spotify - open.spotify.com/episode/0e1… #Critica #CRI #ASX #RareEarths #REE #NdPr #HeavyRareEarths #Dysprosium #Terbium #Yttrium #CriticalMinerals #Jupiter #WesternAustralia #ScopingStudy #Lynas #Iluka #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

Youtube - youtu.be/mIIv6ugiTMg Spotify - open.spotify.com/episode/0e1… Eight days after its first 160Mt Indicated resource, Critica $CRI put a A$2.0 billion post-tax NPV and a 48% IRR on its Jupiter rare earths project in WA. Jacob Deysel joins LEVRD to stress-test the Scoping Study: the price deck, recoveries, acid, funding and who actually buys the product. WHAT WE COVERED - The one-line case for Jupiter, and an 8Mtpa pit using only ~6% of a 1.7Bt resource - Upside outside the base case: higher recoveries, plus iron, gallium and scandium credits - The price deck: US$147/kg NdPr against ~US$95/kg ex-China spot, and the NPV at today's prices - Heavy rare earths and yttrium at ~46% of the basket, and 75% payability on a mixed carbonate - Funding: the A$264M production tax incentive, the 18-month PFS and the pilot plant - Mining a free-dig clay pit - Acid supply in a tight WA market, and the other reagents the circuit needs - Eneabba, Lynas, government-backed offtakes and the three milestones to watch in the next 12 months #Critica #CRI #ASX #RareEarths #REE #NdPr #HeavyRareEarths #Dysprosium #Terbium #Yttrium #CriticalMinerals #Jupiter #WesternAustralia #ScopingStudy #Lynas #Iluka #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

Rare earths and Niobium in Greenland, gods country ☃️❄️ Full episode with Paul Williams and Ian McBride, Auking Mining $AKN below: Youtube - youtu.be/O--fElXvFS4 Spotify - open.spotify.com/episode/6fP… #AuKingMining #AKN #ASX #RareEarths #Niobium #Greenland #Malawi #Tundulu #Qeqertaasaq #Carbonatite #CriticalMinerals #NdPr #REE #Exploration #ASXSmallCaps #SmallCaps #MiningNews #JuniorMining #MiningInvestment #LEVRD

This Greenland deal landed conveniently for $AKN just days before the Trump Truth Social post Full episode with Paul Williams and Ian McBride, Auking Mining (ASX: AKN) below: Youtube - youtu.be/O--fElXvFS4 Spotify - open.spotify.com/episode/6fP… #AuKingMining #AKN #ASX #RareEarths #Niobium #Greenland #Malawi #Tundulu #Qeqertaasaq #Carbonatite #CriticalMinerals #NdPr #REE #Exploration #ASXSmallCaps #SmallCaps #MiningNews #JuniorMining #MiningInvestment #LEVRD

Does the latest $PNN hit bring more tonnes into the MRE and potentially exceed the exploration target tonnes? Full episode with Alistair Stephens, CEO Power Minerals (ASX: PNN) below: Youtube - youtu.be/02dTOE-08lQ Spotify - open.spotify.com/episode/4zr… #PowerMinerals #PNN #ASX #RareEarths #REE #NdPr #MagnetMetals #CriticalMinerals #Brazil #MinasGerais #MorroDoFerro #Dysprosium #Terbium #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

Youtube - youtu.be/O--fElXvFS4 Spotify - open.spotify.com/episode/6fP… AuKing Mining $AKN has added Greenland to its Malawi rare earths story. MD Paul Williams returns to LEVRD with Exploration Manager Ian McBride to unpack the Qeqertaasaq niobium-rare earths earn-in, the deal terms, the uranium question and where the Tundulu maiden resource stands. WHAT WE COVERED - Why Greenland, why now, and what it adds alongside Tundulu - The US-Denmark-Greenland treaty and the Western supply chain pitch - Deal terms: exclusivity to 24 October, the 75% earn-in and the 10% set aside for introducers - Xploration Services as both vendor and field contractor - The niobium case: who buys, the Niobec comparison and near-surface mineralisation - Uranium and Greenland's 100ppm rule - Rare earths: the 4.5% TREO Discovery Vein and the Sarfartoq benchmark - Licence spend, the first field season and a drill-out for a maiden resource - Tundulu: consistent ~1.5% TREO intercepts and a maiden resource by Christmas #AuKingMining #AKN #ASX #RareEarths #Niobium #Greenland #Malawi #Tundulu #Qeqertaasaq #Carbonatite #CriticalMinerals #NdPr #REE #Exploration #ASXSmallCaps #SmallCaps #MiningNews #JuniorMining #MiningInvestment #LEVRD

1.2m @ 40.5% TREO definitely bought back one of my old sayings.. Full episode with @ASX_PNN_CEO from Power Minerals $PNN below: Youtube - youtu.be/02dTOE-08lQ Spotify - open.spotify.com/episode/4zr… #PowerMinerals #PNN #ASX #RareEarths #REE #NdPr #MagnetMetals #CriticalMinerals #Brazil #MinasGerais #MorroDoFerro #Dysprosium #Terbium #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

Youtube - youtu.be/02dTOE-08lQ Spotify - open.spotify.com/episode/4zr… Power Minerals $PNN has drilled its best hole yet at Morro do Ferro. MFSR-057 returned 111m @ 8.25% TREO from surface, including 51m @ 15.4%, with a peak sample of 40.5% TREO - the highest ever recorded on the project. @ASX_PNN_CEO is back with LEVRD to unpack the result, the assays still at the lab, the road to a maiden resource and why the share price hasn't followed the drill bit. WHAT WE COVERED - MFSR-057 and the 40.5% record sample, and whether it tops last week's MFSR-055 - Magnet rare earth grades against Lynas and MP Materials feed - How the high-grade zone carries between sections, and the hydrothermal model - New ground from the eucalyptus harvest and the southeast step-out holes - 13 holes at the lab, the bottom of MFSR-054 and whether the lab is the critical path - Is the Exploration Target now conservative, and could it double Monte Alto? - Why the market hasn't followed the drill bit, peer valuations and corporate interest #PowerMinerals #PNN #ASX #RareEarths #REE #NdPr #MagnetMetals #CriticalMinerals #Brazil #MinasGerais #MorroDoFerro #Dysprosium #Terbium #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #MiningInvestment #LEVRD

The persistent Aurenne question for Ballard Full episode with Paul Brennan, MD Ballard Mining (ASX: BM1) below: Youtube - youtu.be/sdlNQWusI48 Spotify - open.spotify.com/episode/27X… #BallardMining #BM1 #ASX #ASXGold #GoldMining #MtIda #Baldock #WesternAustralia #Goldfields #Leonora #CapitalRaising #Placement #GoldStocks #GoldDevelopers #ASXSmallCaps #SmallCaps #MiningNews #GoldPrice #MiningInvestment #LEVRD

Is building a camp early that big of a deal? Full episode with Paul Brennan, MD Ballard Mining (ASX: BM1) below: Youtube - youtu.be/sdlNQWusI48 Spotify - open.spotify.com/episode/27X… #BallardMining #BM1 #ASX #ASXGold #GoldMining #MtIda #Baldock #WesternAustralia #Goldfields #Leonora #CapitalRaising #Placement #GoldStocks #GoldDevelopers #ASXSmallCaps #SmallCaps #MiningNews #GoldPrice #MiningInvestment #LEVRD

How much torque do Ballard have with these satellite pit opportunities? Full episode with Paul Brennan, MD Ballard Mining (ASX: BM1) below: Youtube - youtu.be/sdlNQWusI48 Spotify - open.spotify.com/episode/27X… #BallardMining #BM1 #ASX #ASXGold #GoldMining #MtIda #Baldock #WesternAustralia #Goldfields #Leonora #CapitalRaising #Placement #GoldStocks #GoldDevelopers #ASXSmallCaps #SmallCaps #MiningNews #GoldPrice #MiningInvestment #LEVRD

Youtube - youtu.be/sdlNQWusI48 Spotify - open.spotify.com/episode/27X… In January, Ballard Mining (ASX: BM1) said it was fully funded to FID. Now it has raised A$45 million at 66c, plus an SPP, in what it calls a challenging market. MD Paul Brennan joins LEVRD to explain why now, the A$28 million village going up before FID, pits first at Mt Ida and the road to a mid-2027 decision. WHAT WE COVERED - Why raise now, and whether "fully funded to FID" still held before this raise - Raising at 66c into a weak market instead of waiting for the assays at the lab - Building the A$28M, 250-person village before deciding to build the mine - Does the village make Mt Ida worth more to a buyer, or Ballard less likely to need one? - Aurenne's mill next door and what consolidation around Leonora means for the endgame - Pits first: can the open pits carry the mill before the Baldock underground? - A$40M of drilling, the March-quarter resource update and a 10-year mine life - Who took stock, the last raise before FID and the one milestone to watch by Christmas #BallardMining #BM1 #ASX #ASXGold #GoldMining #MtIda #Baldock #WesternAustralia #Goldfields #Leonora #CapitalRaising #Placement #GoldStocks #GoldDevelopers #ASXSmallCaps #SmallCaps #MiningNews #GoldPrice #MiningInvestment #LEVRD

The Michael Jordan hole at Ricci Lee Full episode with Graeme Purcell, MD Boa Resources $BOA below: Youtube - youtu.be/BtRybtrHqIk Spotify - open.spotify.com/episode/2OF… #BOAResources #BOA #ASX #ASXCopper #Copper #CopperMining #CopperStocks #NedsCreek #RicciLee #Thaduna #GreenDragon #Doolgunna #WesternAustralia #Sandfire #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #LEVRD

Would Sandfire ever buy back the whole package next to Degrussa? Full episode with Graeme Purcell, MD Boa Resources $BOA below: Youtube - youtu.be/BtRybtrHqIk Spotify - open.spotify.com/episode/2OF… #BOAResources #BOA #ASX #ASXCopper #Copper #CopperMining #CopperStocks #NedsCreek #RicciLee #Thaduna #GreenDragon #Doolgunna #WesternAustralia #Sandfire #DrillResults #Exploration #ASXSmallCaps #SmallCaps #MiningNews #LEVRD

Three Rigs chasing high grade at Spring Hill...just what the punters want Full episode with Ash Pattison, Chairman PC Gold (ASX: PC2) below: Youtube - youtu.be/hWshlJcOlCk Spotify - open.spotify.com/episode/297… #PCGold #PC2 #ASX #ASXGold #GoldMining #SpringHill #PineCreek #NorthernTerritory #GoldStocks #ASXSmallCaps #SmallCaps #MiningNews #Exploration #UndergroundMining #PhotonAssay #GoldPrice #MiningInvestment #JuniorMining #CapitalRaising #LEVRD