Daily Metals Mining Rundown for 18 Nov 2025 (intraday ASX)

Lithium price has held above $12,100/t Li carb while most other metal prices dipped by 1% or more; Most lithium stocks continue to rise slightly while most other metals mining stocks fall slightly; Covered announcements include substantial resource upgrade by Firefly Metals.

Author

Host Rock Capital
November 17, 2025

This past week’s top & bottom metal price and mining company peer group movers include:

This past week’s top 40 performing metals mining stocks (out of Peer Table’s 504) include (share price rounding errors apply, as sourced from Google Finance):

Covered mining company announcements incorporated into this week’s Peer Table (resource updates, economic studies, changes in project ownership):

  • 18 Nov 2025 - Copper and gold explorer Firefly Metals (ASX,TSX:FFM) announced a substantial mineral resource upgrade with strong growth in tonnes, grade, AND contained metal at its Green Bay copper-gold project in Newfoundland. The HIGH-GRADE resource now stands at 50.4Mt @ 2.0% CuEq containing 1Mt CuEq in higher confidnece M&I category plus 29.3Mt @ 2.5% CuEq containing 0.72Mt CuEq inferred, representing a 35% increase in tonnes and a 51% increase in contained CuEq from the prior Oct 2024 update. And the release points our a higher-grade core VMS zone of 8.8Mt @ 3.9% CuEq M&I plus 10.9Mt @ 3.8% CuEq. Together including its 2.8Moz high-grade gold Pickle Crow project in Ontario, this Green Bay MRE increased overall company resources by 50% to 8.4 Moz AuEq (6.1 Blbs CuEq), which are 52% Cu and 47% Au (rest Ag) by metal value at our 3-month trailing average metal pricing. FFM stock traded down today (18 Nov, on ASX intraday) -4.6% (in-line with many Cu and Au explorer ASX peers today) to A$1.72/sh, A$1.2b, and market cap/lb of US$0.13/lb CuEq ($91/oz AuEq) - around the 75-percentile range of our gold explorer peer group for this advanced near-development stage explorer with multiple high-grade projects in Canada.

Disclaimer: Provided for informational and educational purposes on an “as-is” basis, and is not investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.