Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 12.5% to $3.92. This is despite there being no news out of the counter-drone technology company on Friday. However, it is worth noting that DroneShield's shares have been in fine form in recent weeks. This could mean that some investors are taking profit today. For example, the company's shares remain up over 8% since this time last month despite today's decline.

Hub24 Ltd (ASX: HUB)

The Hub24 share price is down almost 4% to $80.27. This appears to have been driven by broad weakness in the tech sector today following a poor night on Wall Street's NASDAQ index. It isn't just Hub24 shares that are falling today. The S&P/ASX All Technology Index is down 1.65% at the time of writing.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 16% to 12.2 cents. Investors have been selling the graphite producer's shares after it completed its fourth equity raising in as many years. Syrah has raised approximately A$44 million (US$30 million) at a fixed price of 10.5 cents per new share. This represents a 27.6% discount to its last close price. The company's managing director and CEO, Shaun Verner, commented: "Following the Equity Raise and the Strategic Funding Proposals, Syrah will have a robust balance sheet with pro-forma liquidity of ~US$198 million to support ramp up at Balama and Vidalia and provide a pathway to near term sustainable cash flow generation."

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is down 15% to $3.86. This has also been driven by an equity raising. Weebit Nano advised that it successfully completed a fully underwritten $80 million institutional placement, alongside an additional $7 million placement to investors in Israel. The new shares were issued at $4.05 each, which represents a 10.8% discount to the company's last closing price. Commenting on the news, Weebit Nano's CEO, Coby Hanoch, said: "This is a strategic capital raise for Weebit Nano. It significantly strengthens our balance sheet, enabling us to accelerate development and commercial activities to ensure our ReRAM is the clear leader at a time when the industry is moving to adopt ReRAM in next-generation technologies. As the market's only independent provider of qualified ReRAM, we have the first mover advantage. Still, scaling our R&D activity is essential to continuously improving the technology and solidifying our leadership position for many years to come."

The post Why DroneShield, Hub24, Syrah, and Weebit Nano shares are sinking today appeared first on The Motley Fool Australia.

In morning trade, the ASX mining stock is down 24% to a multi-year low of 11 cents.

Why is this ASX mining stock crashing?

Investors have been selling the graphite producer's shares after it raised capital for the fourth time in four years.

According to the release, Syrah has successfully completed the institutional component of a fully underwritten pro rata accelerated non-renounceable entitlement offer.

The ASX mining stock advised that the institutional entitlement offer was supported by existing and new institutional shareholders, raising approximately A$44 million (US$30 million) at a fixed price of 10.5 cents per new share. This represents a 27.6% discount to its last close price.

Approximately 88% of entitlements available to institutional shareholders in the institutional entitlement offer were taken up by existing shareholders.

The new shares that were not taken up by eligible institutional shareholders and ineligible institutional shareholders were fully allocated to new investors and major shareholder AustralianSuper.

Syrah will now push ahead with retail component of the equity raising, which is fully underwritten and expected to raise approximately A$61 million (US$42 million).

Funding update

In addition, the ASX mining stock revealed that it has received non-binding strategic funding proposals from US International Development Finance Corporation, the US Department of Energy and AustralianSuper to reset Syrah's balance sheet.

Under the proposals, a substantial portion of Syrah's debt would be converted or exchanged for new Syrah shares and convertible loan notes.

This would boost pro forma liquidity to up to US$198 million and there would be no cash interest or principal repayments for the next three years.

Combined with its equity raising, Syrah will be well-positioned for the ramp-up of Balama to targeted production levels and Vidalia working capital to achieve commercial sales.

Syrah's managing director and CEO, Shaun Verner, commented:

Following the Equity Raise and the Strategic Funding Proposals, Syrah will have a robust balance sheet with pro-forma liquidity of ~US$198 million to support ramp up at Balama and Vidalia and provide a pathway to near term sustainable cash flow generation.

The strong alignment with the US International Development Finance Corporation, the US Department of Energy and AustralianSuper underscores the strategic importance of Syrah's assets in developing a secure, ex-China supply chain for critical battery materials. The strategic proposals and funding position Syrah to advance our operations as the global graphite and anode materials markets evolve.

The post Guess which ASX mining stock is crashing 24% today appeared first on The Motley Fool Australia.

The outperforming stock in question is minerals and technology company Syrah Resources Ltd (ASX: SYR).

Syrah Resources shares closed on Friday at 17 cents. In early morning trade on Monday, shares are swapping hands for 18 apiece, up 5.9%.

Here's what's catching investor interest.

ASX All Ords stock lifts on Tesla extension

Syrah Resources shares are marching higher after the minerals and technology company released an update on an alleged default that could scuttle its offtake agreement with Tesla Inc (NASDAQ: TSLA).

The offtake agreement is for the supply of natural graphite active anode material (AAM) from Syrah's 11.25 thousand tonne per annum (11.25ktpa) Vidalia AAM facility, located in the US state of Louisiana.

The ASX All Ords stock first inked the offtake agreement with Elon Musk's EV company in December 2021.

But in July 2025, Tesla sent a notice alleging that Syrah had defaulted on its obligation to provide conforming AAM samples from Vidalia. At the time, Tesla said Syrah Resources had to cure the alleged default by 16 January this year, or the US car-making giant could terminate the offtake agreement on 9 February.

However, Tesla later extended that deadline to today, 16 March, to give the two companies more time to collaborate. Syrah Resources continues to insist that it is not in default under the offtake agreement.

And it looks as if the two companies may yet reach an understanding on the issue.

This morning, the ASX All Ords stock revealed that the parties have extended the cure date to 1 June, and said that they are "closely collaborating to cure the alleged default".

Tesla can then still terminate the offtake agreement if final qualification of the Vidalia AAM is not achieved by the new deadline.

The extended agreement remains subject to the consent of the United States Department of Energy.

What's been happening with Syrah Resources?

The ASX All Ords stock reported its second-quarter results (Q2 FY 2026) on 28 January.

Highlights included a 34% quarter-on-quarter increase in natural graphite production at its Balama project to 34,000 tonnes, with Syrah reporting strong recovery and quality.

The ASX All Ords stock sold and shipped 29,000 tonnes of natural graphite to third-party customers, up 21% from Q1, achieving a weighted average price of US$577 per tonne (CIF).

Commenting on the results on the day, Syrah Resources CEO Shaun Verner said:

Syrah's operational highlights for the fourth quarter included stable operations at Balama with excellent recovery and completion of further large-volume breakbulk shipments to Indonesia in addition to further container shipments. We aim to continue Balama production and sales momentum in 2026.

We are demonstrating high quality AAM product performance, setting up our Vidalia AAM facility to meet the very high standards in materials processing necessary in the battery manufacturing industry.

The post Guess which ASX All Ords stock is jumping higher today on big Tesla news appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

CAR Group Limited (ASX: CAR)

The CAR Group share price is down 3% to $24.47. The catalyst for this has been the auto listings company's shares going ex-dividend this morning for its latest payout. Last month, CAR Group released its half-year results and declared a partially franked interim dividend of 42.5 cents per share. Eligible shareholders can now look forward to receiving this dividend next month on 13 April.

Immutep Ltd (ASX: IMM)

The Immutep share price is down a massive 89% to 4.4 cents. Investors have been selling this late-stage biotechnology company's shares after it released an update on the TACTI-004 Phase III study. Immutep revealed that the Independent Data Monitoring Committee (IDMC) for the TACTI-004 Phase III study has recommended the discontinuation of the trial following a planned interim futility analysis in accordance with the study protocol. The company's CEO, Marc Voigt, said: "We are very disappointed and surprised with the outcome of the futility analysis, in light of efti's performance in every other clinical trial. […] We are currently conducting a comprehensive review of the available data to better understand the results and determine the appropriate next steps for the program."

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down over 17% to $22.10. This morning, this gold miner downgraded its production guidance for FY 2026 a second time. Northern Star advised that it has been impacted by weaker-than-planned milling performance at the KCGM operation and reduced mining productivity across several operating areas. It now expects FY 2026 production to come in above 1.5 million ounces. This compares to its most recent guidance of 1.6 million to 1.7 million ounces, which was downgraded from 1.7 million to 1.85 million ounces.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 28% to 17.25 cents. This has been driven by news that the US International Trade Commission (ITC) has reached a final negative determination in an antidumping and countervailing duty investigation. It was looking into whether graphite active anode material (AAM) imports into the United States from China are materially retarding the establishment of a domestic AAM industry. Syrah believes the decision may "delay AAM sales from the Vidalia AAM facility and limit near-term demand growth for AAM produced in the United States and Balama natural graphite as feedstock for natural graphite AAM facilities outside China."

The post Why CAR Group, Immutep, Northern Star, and Syrah Resources shares are sinking today appeared first on The Motley Fool Australia.

Shares in Syrah Resources Ltd (ASX: SYR) and Novonix Ltd (ASX: NVX) fell on the news on Friday, trading 22.9% and 5% lower, respectively.

Early win stoked hopes

Syrah Resources shares got a boost in early February after the US Department of Commerce confirmed it would place huge tariffs of between 160% and 170% on graphite active anode material (AAM) coming out of China, in a bid to protect the local US industry.

Syrah is part of a lobby group, the North American Graphite Alliance, which had petitioned the US government to investigate whether Chinese graphite active anode material (AAM) producers were being subsidised by the Chinese government.

Syrah said in February that the Department of Commerce (DOC) had determined this was the case.

In its final determination, DOC confirmed that major Chinese battery and graphite AAM producers are "de facto" controlled by the Chinese government and therefore subject to the China-wide dumping rate. The antidumping and countervailing duty (AD/CVD) measures will apply to all natural and synthetic graphite AAM products and AAM contained in blended materials, components (e.g. anode slurries) and subassemblies (e.g. electrodes) imported into the United States from China.

This decision has now been overturned by the ITC.

Syrah stands by earlier statements

Syrah said on Friday it still believed that AAM from China was being sold and imported into the US at "unfairly low and subsidised prices for use in lithium-ion batteries and that this has been detrimental to the establishment and operations of a domestic AAM industry in the US''.

The company added:

There remain existing and potential US import tariffs on Chinese natural graphite and synthetic graphite AAM, including tariffs effective under Section 301 and Section 122 of the Trade Act, and tariffs being considered under Section 232 of the Trade Expansion Act. Further policy implementation under the US Administration's critical minerals and national security agenda continues to encourage ex-China and domestic US sourcing strategies for AAM.

Syrah said the ITC determination could delay sales from its Vidalia facility in the US and limit near-term demand growth for AAM produced in the US.

The company added:

Syrah's Vidalia AAM facility is producing high-quality AAM and has full readiness for commercial ramp-up. The facility is cost competitive with Chinese and Indonesian when producing at commercial AAM volumes. The Company will continue to pursue the ramp-up of production at Vidalia and commercial AAM sales with customers.

Syrah said it was also considering whether there were grounds for appeal.

The post Syrah Resources shares tumble after major US tariff hit appeared first on The Motley Fool Australia.

Syrah is part of lobby group, the North American Graphite Alliance, which had petitioned the US government to investigate whether Chinese graphite active anode material (AAM) producers were being subsidised by the Chinese government.

Syrah said in its ASX statement on Thursday that the Department of Commerce (DOC) had determined this was the case.

In its final determination, DOC confirmed that major Chinese battery and graphite AAM producers are "de facto" controlled by the Chinese government and therefore subject to the China-wide dumping rate. The antidumping and countervailing duty (AD/CVD) measures will apply to all natural and synthetic graphite AAM products and AAM contained in blended materials, components (e.g. anode slurries) and subassemblies (e.g. electrodes) imported into the United States from China.

Steep tariffs to be imposed

Syrah said the DOC set a China-wide dumping margin of 102.72% and a dumping margin of 93.5% for certain exporters to counter dumping.

The company said the decision needed to be ratified by the US International Trade Commission (ITC), and once this was done, likely in March, the duties would be in place for five years.

These duties are separate from, and additive to, other existing or potential US import tariffs on Chinese natural graphite and synthetic graphite AAM, including tariffs imposed under Section 301, Section 232 and other reciprocal or IEEPA-related measures.

Syrah said the new tariffs would be positive for its business.

If affirmed by ITC, the AD/CVD measures are expected to support a fair and competitive AAM market in the United States and materially improve Syrah's competitive position. This may lead to earlier commencement of AAM sales from the Vidalia facility, increased demand for Vidalia AAM, increased demand for Balama natural graphite as feedstock for non-integrated AAM facilities outside China, and improved commercial outcomes with customers for Syrah.

Syrah last month reported that production from its Balama graphite mine was 34% higher than the previous quarter, coming in at 34,400 tonnes.

Shares looking cheap

The analysts at Jarden had a look at the results at the time and said the company's ownership of key assets in the critical minerals supply chain put it in a good position.

They went on to say:

Our base case and 12-month target price is unchanged at $0.34 per share, and remains set in line with our most conservative valuation scenario outcome. Syrah controls unique assets that are highly strategic within a critical mineral supply chain. We maintain our Overweight rating accordingly. Key risks to the downside include an extended period of depressed pricing for graphite products and the potential for further equity dilution to maintain liquidity.

Syrah shares were 8.5% higher at 25.5 cents on Thursday, well below the Jarden price target of 34 cents.

The post Syrah Resources shares take off on US graphite tariff announcement appeared first on The Motley Fool Australia.

Syrah this week announced that production from its Balama graphite mine was 34% higher than the previous quarter, coming in at 34,400 tonnes.

The company characterised the performance as "strong", with improved recovery and high product quality; however, Syrah actually sold its product at a loss, with production costs of US$535 per tonne exceeding the sale price of US$506.

Syrah said it was targeting "no less than 30,000 tonnes" of natural graphite in the March quarter, and that it had the ability to return to higher capacity utilisation as natural graphite demand increases.

The company said:

There is solid demand for Syrah's natural graphite products, particularly in the ex-China market, due to global supply disruptions and growing spherical graphite production capacity outside of China. Syrah expects to continue breakbulk shipments to ex-China destinations supplying active anode material production (AAM) through 2026, with ongoing container sales shipments to industrial customers outside China, primarily for coarse flake products where greater market shares is being pursued.

Value-added materials in focus

At the company's Vidalia AAM production facility in the US, testing continued, "incorporating feedback from multiple customers'' the company said.

Syrah has offtake agreements for AAM with Tesla Inc (NASDAQ: TSLA) and Lucid Group Inc (NASDAQ: LCID).

The company added:

Timing of sales commencement under these offtake agreements is being determined by customer qualification progress in testing, as well as very significant commercial and US policy considerations. The agreements with Tesla and Lucid underpin future sales approaching the 11.25ktpa AAM production capacity of the Vidalia AAM facility. The company is working towards achieving earliest possible AAM revenue from Vidalia.

Shares looking cheap

The analysts at Jarden have run the ruler over the Syrah quarterly and maintained their price target of 34 cents per share, which would be a 41.6% increase from current levels.

They said that despite the company currently mining at a loss, its ownership of key assets in the critical minerals supply chain put it in a good position.

They went on to say:

Our base case and 12-month target price is unchanged at $0.34 per share, and remains set in line with our most conservative valuation scenario outcome. SYR controls unique assets that are highly strategic within a critical mineral supply chain. We maintain our Overweight rating accordingly. Key risks to the downside include an extended period of depressed pricing for graphite products and the potential for further equity dilution to maintain liquidity.

The Jarden team said they continued to expect a final investment decision on the phase three expansion of Vidalia this calendar year, "with work to commence in CY27 and 45ktpa AAM production reached in CY31''.

They added that they expect to see margin improvement from Balama as production increases over the year.

The post Looking for double digit returns? This ASX graphite producer might be for you appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Fortescue Ltd (ASX: FMG)

The Fortescue share price is down almost 2% to $22.40. This may have been driven by the release of a broker note out of Morgan Stanley this morning. According to the note, the broker has downgraded the iron ore miner's shares to an underweight rating with a $19.75 price target. This implies potential downside of approximately 12% from current levels. The broker is expecting strong realised prices for the second quarter of FY 2026. However, it thinks costs could be higher and Iron Bridge production could soften. And due to recent share price strength, it feels its shares are overvalued now and downgrades them to underweight.

Life360 Inc (ASX: 360)

The Life360 share price is down almost 7% to $27.23. This follows a similar decline by the location technology company's NASDAQ listed shares on Wall Street on Friday night. This appears to have been driven by broad weakness in the tech sector as investors rotate into other areas of the market.

PLS Group Ltd (ASX: PLS)

The PLS Group share price is down 4% to $4.49. This is despite there being no news out of the lithium miner on Monday. Though, it is worth noting that Australian Super revealed that it has been selling down its holding in the company. Last week, it sold down its stake from 16.27% to 15.11%. Despite today's share price weakness, the lithium miner's shares remain up over 80% since this time last year.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 3% to 29.5 cents. This follows the release of an update on the graphite producer's offtake agreement with Tesla (NASDAQ: TSLA). The parties have an agreement for the supply of natural graphite active anode material (AAM) from Syrah's 11.25ktpa AAM facility in Vidalia, Louisiana. Today's update reveals that the parties have agreed to amend the offtake agreement to extend the final qualification date to 16 March 2026. This is subject to the consent of the United States Department of Energy. Tesla has the right to terminate the offtake agreement if Syrah does not provide conforming AAM samples from Vidalia by this date.

The post Why Fortescue, Life360, PLS, and Syrah shares are dropping today appeared first on The Motley Fool Australia.

Shares in the Aussie graphite producer closed on Friday trading for 30.5 cents. In morning trade on Monday, shares are swapping hands for 28.7 cents apiece, down 5.9%.

For some context, the All Ordinaries Index (ASX: XAO) is down 0.1% at this same time.

Here's what's happening.

ASX All Ords mining stock catching Tesla headwinds

Investors are pressuring Syrah Resources shares today following an update on its offtake agreement with Tesla Inc (NASDAQ: TSLA).

The offtake agreement with Elon Musk's EV company is for the supply of natural graphite active anode material (AAM) from Syrah's 11.25 thousand tonne per annum Vidalia AAM facility, located in the US state of Louisiana.

The ASX All Ords mining stock initially executed the offtake agreement with Tesla back in December 2021.

On 30 July 2025, Syrah announced to the market that Tesla had sent a notice alleging that Syrah had defaulted on an obligation under the agreement to provide conforming AAM samples from Vidalia.

Following an amended notice, Tesla required Syrah to cure the alleged default by last Friday, 16 January, or risk the termination of the offtake agreement. Tesla has the right to terminate the agreement if final qualification of Vidalia AAM is not achieved by 9 February.

Syrah stated that it does not accept that it is in default under the offtake agreement.

However, in news that has yet to lift the ASX All Ords mining stock today, the company said that it is closely collaborating with Tesla to cure the alleged default. In light of the collaborative efforts, the two companies have agreed to amend the offtake agreement to extend the potential termination date to 16 March.

The amended agreement remains subject to the consent of the United States Department of Energy.

What's the latest from Syrah Resources?

Syrah Resources reported its first quarter (Q1 FY 2026) results on 28 October.

Among the highlights, the ASX All Ords mining stock produced 26,000 tonnes of natural graphite at its Balama mine and processing facility, located in Mozambique.

Over the three months to 30 September, the miner sold and shipped 24,000 tonnes of natural graphite to third-party customers at an average price of US$625 per tonne.

Commenting on the quarterly performance on the day, Syrah CEO Shaun Verner said:

Syrah's operational highlights for the third quarter included the safe ramp-up of operations at Balama following the extended non-operating period and the completion of large-volume breakbulk shipments to Indonesia and the US.

As for its US operations that involve the offtake agreement with Tesla, Verner noted, "The company's successful capital raising in July better positions us to manage market volatility and extended AAM qualification processes at Vidalia."

The post ASX All Ords mining stock sinking on big Tesla news appeared first on The Motley Fool Australia.

At the time of writing, the ASX battery materials stock is down 3% to 29.5 cents.

Why is this ASX battery materials stock falling?

Investors have been selling the graphite producer's shares after weakness in the battery materials industry overshadowed two significant announcements this morning. These relate to its Tesla (NASDAQ: TSLA) offtake agreement and its funding arrangements with the US International Development Finance Corporation (DFC).

Syrah has an offtake agreement with Tesla for the supply of natural graphite active anode material (AAM) from the company's 11.25ktpa Vidalia AAM facility in Louisiana.

Back in July, the ASX battery materials stock revealed that it had received a notice from Tesla alleging that it had defaulted on an obligation to provide conforming AAM samples under the agreement.

The electric vehicle giant set a cure date of 15 November 2025, after which the offtake deal could potentially be terminated if the issue wasn't resolved.

Today, Syrah told the market that the parties have agreed to extend the cure date to 16 January 2026, with both companies "closely collaborating to cure the alleged default."

Syrah also reiterated that it does not accept that it is in default under the agreement.

The ASX battery materials stock added that Tesla retains the right to terminate the agreement if final qualification of Vidalia AAM is not achieved by 9 February 2026.

DFC loan disbursement and interest deferral

In a separate announcement, Syrah advised that it has entered into a new agreement with the US International DFC, which provides additional funding support for its Balama Graphite Operation in Mozambique.

Under the agreement, Syrah's subsidiary Twigg will receive an US$8.5 million disbursement from its existing DFC loan. This funding will be used for working and sustaining capital at Balama.

Following this payment, the outstanding balance on the DFC loan will total US$68 million, excluding origination costs.

The DFC has also agreed to defer approximately US$5 million in interest and fees that were due today, pushing the payment date back to 15 May 2026.

As part of the new arrangement, Syrah will issue the DFC warrants over around 17.5 million Syrah shares, representing up to 1.3% of the company if exercised. The warrants will be issued at an exercise price of A$0.0001 and expire five years after issuance.

The company notes that several events of default tied to the DFC loan remain unresolved, though the DFC has provided a temporary waiver to allow the latest disbursement to proceed. Syrah continues to work toward a permanent resolution.

Syrah's managing director and CEO, Shaun Verner, said:

We are pleased to be continuing our long-term partnership with DFC through the execution of this Agreement. Balama is the largest integrated graphite mining and processing operation globally and is strategically important for supply chain security and the critical minerals supply required for the electric vehicle and energy transition in the US. Syrah is focused on delivering Balama production and natural graphite sales safely to improve cashflow and strengthen ex-China supply resilience with a focus on our stakeholders' objectives.

The post This ASX battery materials stock is tumbling despite Tesla news appeared first on The Motley Fool Australia.

That's the view analysts at Macquarie Group Ltd (ASX: MQG), which are feeling very bullish about the ASX mining stock.

What is the broker saying about this ASX mining stock?

Macquarie notes that the graphite producer released its third quarter update. And while its production fell short of expectations, it was still a significant quarter on quarter increase. It said:

The Balama operation continued its ramp up in the 3QCY25 with graphite production of 25.7kt. While it was 35% below VA estimates (small samples) the output was ~300% higher QoQ as operation was resumed in the late 2QCY25. SYR commented that its production was impacted by oxidised ROM following a period of operation suspension, which is a one-off issue during the ramp up. SYR plans to maintain this campaign mining mode while waiting for improved market conditions.

The broker also highlights that Syrah is uniquely positioned to benefit from new Chinese export controls. It said:

Beijing recently issued an announcement and introduced new export controls on graphite anode materials (from 8 Nov 2025). We believe this restriction is a positive event for SYR as the company is uniquely positioned, with a natural graphite operations (~350ktpa capacity) and an 11.25ktpa AAM Vidalia facility.

Big potential returns

According to the note, in response to the update, the broker has retained its outperform rating and 70 cents price target on the ASX mining stock.

Based on its current share price of 34 cents, this implies potential upside of more than 100% over the next 12 months.

To put this into context, a $5,000 would turn into over $10,000 by this time next year if Macquarie is on the money with its recommendation.

Commenting on its bullish view of the stock, the broker said:

Outperform: The graphite market could be is bifurcating with the introduction of anti-dumping duties and China's tightening control on exports, a tailwind for SYR. The Balama production ramp up and Vidalia qualification update are a key near-term focus.

Valuation: Our target price is unchanged to A$0.70/sh. Catalyst: Production growth at Balama and Vidalia ramp-up are key near-term catalysts for SYR.

Overall, this could make Syrah Resources worth considering if you are looking to add some mining sector exposure to a balanced ASX share portfolio.

The post Macquarie predicts 100% upside for this ASX mining stock appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Bellevue Gold Ltd (ASX: BGL)

The Bellevue Gold share price is up 5% to $1.24. Investors have been buying this gold miner's shares following the release of drilling results this morning. Management notes that recent high-grade drilling results continue to reinforce its outlook for increasing grades through FY 2026 and FY 2027. It adds: "Deacon North is scheduled to deliver first ore in late FY26 and represents the largest high-grade mining area within the Bellevue Gold Project. The area is a northern continuation of the Deacon Main orebody and will be a major contributor to production over the next five years."

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is up 7.5% to $21.30. Investors have been scrambling to buy rare earths shares again on Monday. The catalyst for this has been escalating trade tensions between the US and China after the latter announced plans to restrict exports of rare earths. The US responded by threatening to put 100% tariffs on China. Whatever happens, the market appears to believe that higher rare earth prices are here to stay.

St George Mining Ltd (ASX: SGQ)

The St George Mining share price is up 26% to 14.5 cents. This follows news that the rare earths and niobium developer has received firm commitments to raise $72.5 million via a placement to institutional investors. This includes a $22.5 million placement to Hancock Prospecting. Funding will be applied towards an upgrade of the mineral resource estimate at the Araxa Project, project permitting, metallurgical test work including pilot plant development, and feasibility study work. St George Mining's executive chairman, John Prineas, said: "We are delighted with the strong support received from local and overseas institutional investors who recognise the enormous potential of our high-grade rare earths and niobium project at Araxa."

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is up 5% to 43.7 cents. Investors have been buying this graphite producer's shares in recent sessions in response to news that China is putting export controls on graphite. The team at Macquarie Group Ltd (ASX: MQG) believes this is a re-rating catalyst and upgraded Syrah's shares to an outperform rating with a 70 cents price target. The broker said: "We believe this restriction is a material positive event for SYR as it is uniquely positioned, boasting one of the world's largest natural graphite operations with production capacity of ~350ktpa and an 11.25ktpa AAM Vidalia facility that is ramping up. We see this as a re-rating event that is comparable to LYC and MP Materials."

The post Why Bellevue Gold, Lynas, St George Mining, and Syrah shares are charging higher today appeared first on The Motley Fool Australia.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:

Develop Global Ltd (ASX: DVP)

According to a note out of Bell Potter, its analysts have retained their buy rating on this copper and zinc miner's shares with an improved price target of $5.40. This follows the release of an update on the definitive feasibility study for the Sulphur Springs Zinc-Copper mining project. Bell Potter highlights that the project has a net present value greater than it was expecting with lower than forecast initial capex. Outside this, the broker highlights that Develop Global provides investors with direct leverage to critical and strategic minerals including copper and zinc. And with prices exhibiting strong growth in recent months, this bodes well for the company's near-term earnings and free cash flow outlook. The Develop Global share price is trading at $4.57 this afternoon.

Guzman Y Gomez Ltd (ASX: GYG)

A note out of Morgans reveals that its analysts have retained their buy rating on this quick service restaurant operator with an improved price target of $32.60. This follows the release of the burrito seller's first quarter update this week. Morgans notes that the quarter played out largely as expected with comparable sales growth improving slightly through the quarter as it cycled through a period of elevated demand in the prior corresponding period. The broker believes that the first quarter will likely be the low point for comparable sales growth this year and that it is onwards and upwards from here. In light of this, the broker feels that its margin guidance for FY 2026 is likely to prove conservative. The Guzman Y Gomez share price is fetching $25.91 at the time of writing.

Syrah Resources Ltd (ASX: SYR)

Analysts at Macquarie have upgraded this graphite producer's shares to an outperform rating with a vastly improved price target of 70 cents. According to the note, the broker believes that new export controls on lithium battery components and graphite anode materials are a major positive for Syrah. Especially given its unique position operating one of the world's largest natural graphite projects. Overall, the broker sees this as a re-rating event that is comparable to what has been seen in the booming rare earths industry this year. As a result, it has doubled the EV/EBITDA multiple that it thinks its shares deserve to trade on to 10x from 5x, resulting in a huge valuation increase. The Syrah share price is trading at 43 cents on Friday afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are ending the week on a high:

Elders Ltd (ASX: ELD)

The Elders share price is up 2.5% to $7.44. This morning, analysts at Bell Potter retained their buy rating and $9.45 price target on this agribusiness company's shares. This was in response to news that the ACCC will not block its acquisition of Delta Agribusiness. It said: "The closing of the Delta transaction is clearly a positive development, given the elongated acquisition timeline and in isolation is expected to be ~10% EPS accretive on a PF25e basis. In addition, we see encouraging indicators heading into FY26e, with crop input prices (fertiliser and glyphosate tech), livestock prices (cattle, lamb and mutton) and wool prices all demonstrating double digit YOY gains."

Netwealth Group Ltd (ASX: NWL)

The Netwealth Group share price is up 5% to $32.45. This is despite Bell Potter cutting its valuation of the investment platform provider's shares this morning. In response to its quarterly update, the broker retained its hold rating with a trimmed price target of $30.00. It said: "We have marked-to-market FUA for the update and upgraded our EPS forecasts +2%. There are no other model changes. We think there is a pretty clear pathway for +20% revenue growth and estimate free cash margins of 30% which would present a similar environment to FY22-24 where the company traded closer to 30x forward EBITDA."

Orthocell Ltd (ASX: OCC)

The Orthocell share price is up 6% to $1.53. This follows the release of the regenerative medicine company's quarterly update. Orthocell reported revenue of $3 million for the three months, which is up 11% quarter on quarter. And while it still recorded an operating cash outflow of $3 million, its balance sheet remains strong with $27 million in cash reserves. Orthocell's CEO, Paul Anderson, said: "We have continued to build strong commercial momentum in the September quarter with another record quarter of sales revenue delivered primarily from Remplir sales in our existing markets in Australia and Singapore."

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is up 18% to 42.5 cents. This has been driven by news that China is putting export controls on graphite. The team at Macquarie Group Ltd (ASX: MQG) believes this is a re-rating catalyst and upgraded Syrah's shares to an outperform rating with a 70 cents price target (from 30 cents). It said: "We believe this restriction is a material positive event for SYR as it is uniquely positioned, boasting one of the world's largest natural graphite operations with production capacity of ~350ktpa and an 11.25ktpa AAM Vidalia facility that is ramping up. We see this as a re-rating event that is comparable to LYC and MP Materials."

The post Why Elders, Netwealth, Orthocell, and Syrah shares are charging higher appeared first on The Motley Fool Australia.

That's because analysts at Macquarie Group Ltd (ASX: MQG) believe this ASX mining stock could almost double in value over the next 12 months.

What is the broker saying?

Firstly, for those who are not familiar with Syrah Resources, let's take a quick look at what it is.

Syrah Resources is an industrial minerals and technology company operating the flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States.

Macquarie notes that China is issuing new export controls on lithium battery components and graphite anode materials from next month. It said:

The Chinese government issued a new announcement and introduced new export controls on lithium battery components and graphite anode materials (effective from 8Nov 2025). Specifically for graphite, the controls target artificial graphite anode materials, mixed graphite anodes (natural and synthetic), and the associated production equipment and technologies. According to the announcement, exporters must now apply for licences. This move reflects China's broader strategy to tighten control over critical mineral exports, particularly graphite, for which it dominates global supply chains. Artificial graphite is essential for lithium-ion battery anodes.

As you might expect, this should be very good news for Syrah Resources. In fact, Macquarie believes it could be the catalyst for a major re-rating. It explains:

A re-rating event for SYR: We believe this restriction is a material positive event for SYR as it is uniquely positioned, boasting one of the world's largest natural graphite operations with production capacity of ~350ktpa and an 11.25ktpa AAM Vidalia facility that is ramping up. We see this as a re-rating event that is comparable to LYC and MP Materials. We note LYC has been trading above 12x Ev/Ebitda since Dec 2023, while MP's EV/Ebitda has remained >40x in recent months.

Huge upside for this ASX mining stock

According to the note, in response to China's export controls, the broker has upgraded Syrah Resources' shares to an outperform rating (from neutral) and lift its price target on them materially to 70 cents (from 30 cents).

Based on its current share price of 36 cents, this implies potential upside of 94% for investors over the next 12 months.

Commenting on the upgrade, the broker said:

Upgrade to Outperform from Neutral. The restriction of critical minerals exports, including graphite, could accrue SYR a valuation premium given its vertically integrated Balama and Vidalia operations. SYR remains well positioned to benefit from EV growth and tailwinds from ex-China demand growth.

The post Macquarie tips ~100% upside for this ASX mining stock amid new Chinese export controls appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is down almost 11% to $1.76. Investors have been selling the uranium producer's shares following the release of an update on the Honeymoon project. It notes that it is undertaking a review that is looking into the potential for reduced continuity of mineralisation and leachability compared with the assumptions contained in its Enhanced Feasibility Study (EFS) and the impact this may have on its ability to achieve production nameplate capacity. The company has made a number of appointments to help with its review and expects to complete it in the December quarter.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine Entertainment share price is down 34% to $1.11. This has been driven by the media company's shares going ex-dividend this morning for its final and special dividends of FY 2025. Last month, the company declared total dividends of 53 cents per share, which is the equivalent of a 31% dividend yield based on its last close price. Eligible shareholders can look forward to receiving these fully franked payouts later this month on 26 September.

Perpetual Ltd (ASX: PPT)

The Perpetual share price is down 4.5% to $19.57. The catalyst for this has also been the fund manager's shares going ex-dividend today. Last month, Perpetual released its FY 2025 results and revealed a final unfranked dividend of 54 cents per share, up slightly year on year. This will now be paid to eligible shareholders early next month on 3 October.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down almost 3% to 27.2 cents. This is despite the graphite producer revealing that it has received an US$11.7 million direct payment from the US Internal Revenue Service for its first Advanced Manufacturing Production credit under Section 45X of the Inflation Reduction Act. Management notes that cash proceeds from this Section 45X Production Credit are in restricted accounts and, with the approval of the US Department of Energy, may be used to fund Vidalia operating costs (net of revenue).

The post Why Boss Energy, Nine Entertainment, Perpetual, and Syrah shares are dropping today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Articore Group Ltd (ASX: ATG)

The Articore Group share price is down over 2% to 22.5 cents. This morning, the company formerly known as Redbubble revealed that group CEO Vivek Kumar has been appointed to the board as managing director. Articore's chair, Robin Mendelson, said "Vivek's appointment as Managing Director reflects the Board's clear focus on performance, accountability and long-term shareholder value. Under his leadership, the Group has delivered a step-change in results, including our strongest fourth quarter in five years and record gross profit margin. This appointment reinforces our confidence in Vivek's ability to execute the turnaround and deliver sustained value through operational discipline and strategic focus."

Aurizon Holdings Ltd (ASX: AZJ)

The Aurizon Holdings share price is down 3.5% to $3.14. This appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has downgraded the rail freight operator's shares to a neutral rating (from outperform) with a trimmed price target of $3.31 (from $3.39). It said: "Near-term risk is Mt Isa with Glencore and Dyno Nobel and whether the operations will continue. Upside reflects BHP win and further wins on SA/NT. Upside also reflects the below rail reset, albeit clarity around this would come later in the year."

Light & Wonder Inc. (ASX: LNW)

The Light & Wonder share price is down almost 6% to $134.10. This follows a poor night of trade for the gaming technology company's NASDAQ-listed shares on Wall Street overnight. As the company is scheduled to release its second quarter results tonight, it seems that some investors are expecting Light & Wonder to disappoint and have been selling shares ahead of the release. The consensus estimate is for revenue of US$854.15 million and earnings per share of US$1.40.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down a further 4% to 29.25 cents. This morning, the graphite producer's pro rata accelerated non-renounceable entitlement offer opened to retail shareholders. The company is aiming to raise a further $28 million through the issue of new fully paid ordinary shares at an offer price of $0.26 per new share. Last week, Syrah raised $42 million from institutional investors at the same price.

The post Why Articore, Aurizon, Light & Wonder, and Syrah shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Antipa Minerals Ltd (ASX: AZY)

The Antipa Minerals share price is down 3% to 52.5 cents. This morning, this gold explorer released assay results from the 100%-owned Minyari Gold-Copper Project in the world-class Paterson Province of Western Australia. Antipa's Managing Director, Roger Mason, commented "These latest results continue a steady stream of new discoveries that highlight the broader potential of Minyari Dome, with drilling confirming a new gold-copper discovery and materially extending mineralisation across several deposits." It seems that investors were expecting stronger results.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 2% to $3.67. This appears to have been driven by profit taking from investors after a strong gain on Thursday. Investors have been scrambling to buy the counter drone technology company's shares since the release of its second quarter update. DroneShield reported a 480% increase in revenue to $38.8 million. It also confirmed that it has a total of $176.3 million of revenue that has already been received or is under committed purchase orders for 2025 delivery. And with five months left in 2025, this number could still rise meaningfully.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down 15% to 9.3 cents. Investors have been selling this casino and resorts operator's shares following news that it has been unable to sell its stake in Brisbane's Queen's Wharf development. It said: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners." Investors appear concerned that this could leave the company on the brink of collapse.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is down 28% to 27.25 cents. This morning, the struggling graphite miner revealed that it has raised approximately A$42 million (US$28 million) at a 31.6% discount of 26 cents per new share. The miner will now seek to raise A$28 million (US$18 million) from retail investors through the retail component of its fully underwritten entitlement offer.

The post Why Antipa Minerals, DroneShield, Star, and Syrah shares are dropping today appeared first on The Motley Fool Australia.

While this is disappointing, spare a thought for shareholders of the ASX mining stock in this article.

That's because its shares are down 28% at the time of writing.

Why is this ASX mining stock crashing?

The stock in question is graphite producer Syrah Resources Ltd (ASX: SYR).

Investors have been hitting the sell button today after it raised capital for the umpteenth time.

According to the release, the ASX mining stock has successfully completed an institutional placement and the accelerated institutional component of its 1 for 5.42 pro rata accelerated non-renounceable entitlement offer.

The release notes that the placement and the institutional entitlement offer was supported by existing and new institutional shareholders, together raising approximately A$42 million (US$28 million) at a fixed price of A$0.26 per new share.

This represents a sizeable 31.6% discount to where the Syrah Resources share price last traded.

Approximately 86% of entitlements available to eligible institutional shareholders in the institutional entitlement offer were taken up. New shares not taken up by both eligible institutional shareholders and ineligible institutional shareholders were fully allocated to existing Syrah shareholders and new investors.

The company will now turn its attention to the retail component of the entitlement offer, which is fully underwritten and expected to raise approximately A$28 million (US$18 million).

In total, the placement and entitlement offer are expected to raise approximately A$70 million (US$46 million.

What else?

In addition, Syrah revealed that it has entered into a forbearance agreement with US Department of Energy (DOE) in relation to certain events of default with the DOE loan.

Under the agreement, DOE will not exercise nor enforce remedies for a period of two years from 30 July 2025 in connection with existing and certain future events of default and will defer US$16 million in quarterly principal and interest payments, which would otherwise be due within the two-year period from 30 July 2025 to the maturity date in April 2032.

Why is it raising funds?

The ASX mining stock advised that the new proceeds of the equity raising will be used to fund Vidalia operating costs, U.S. DOE loan reserves, and general corporate expenses. This will provide time for Syrah to optimise its commercial positioning with customers.

Syrah's managing director and CEO, Shaun Verner, commented:

The Equity Raising alongside arrangements with DOE and DFC will enable the Company to preserve optionality with respect to Balama's operating mode and support our path to product qualification and commercial sales at Vidalia.

The post Why is this ASX mining stock crashing 25% today? appeared first on The Motley Fool Australia.

Each share was trading at $0.365 at the close of business to mark an impressive 26% gain from Thursday's price of $0.29.

For some context, the S&P/ASX 200 Index (ASX: XJO) also had a strong day after notching up a 1.3% rise to reach record highs.

Curiously, Syrah didn't release any company-specific news to explain the sharp rise in its share price.

Instead, renewed investor interest appears to have been sparked by major developments out of the US.

What happened in America?

The Trump administration is set to introduce a substantial tariff on a battery material that plays a key role in the production of electric vehicles (EVs).

More specifically, the US Commerce Department announced a 93.5% tariff on Chinese graphite on Thursday.

According to reports from CNN, it accused the Asian nation of "dumping" the raw material at below market prices.

In turn, Chinese graphite imported into America could now be facing tariffs of about 160%, when other duties imposed on China are also included.

Key battery metal

Graphite is a critical material used in the production of lithium-ion batteries, serving as the primary component of the battery's anode.

Its high conductivity and stability make it essential for powering EVs.

According to the US Geological survey, China accounts for more than 40% of graphite imports into the US.

As such, the newly proposed tariffs could result in American EV manufacturers sourcing the material from other nations.

Conveniently, Syrah appears to be well-positioned to fill the gap.

Major global supplier

Syrah is regarded as a globally significant supplier of natural graphite and active anode material.

Its flagship operation is the Balama graphite mine in Mozambique, which is estimated to hold enough graphite for 50 years of production.

Syrah has also established a downstream processing facility in the US state of Louisiana to complement its mining operations.

Here, it manufactures active anode material for EV batteries, targeting customers in the US battery supply chain.

Notably, Syrah positions itself as the only vertically integrated producer of natural graphite and active anode material outside of China

Buyer beware

Although recent developments in the US appear favourable for Syrah's operations, investors should also weigh the risks that come with investing in the mining sector.

For instance, Syrah has faced significant challenges at its Balama graphite mine.

Late last year, the company declared force majeure due to civil unrest following a contested election in in Mozambique.

This incident halted mining operations and led to a default on the company's US government-backed loans.

It also caused its share price to tumble by 32%.

Syrah only resumed graphite production at Balama last month.

The mining industry is filled with risks, and there's no certainty that similar disruptions won't happen again in the future.

The post Kaboom! Syrah Resources shares jump 26% on Trump tariff news appeared first on The Motley Fool Australia.