EQ Resources (EQR) is held by 9 ASX ETFs. Over the last 3 months it rose 31.7%: on $10,000, +$3167. We explain 4 big moves in that time.
About EQR
- SectorMaterials
- IndustryMaterials
- Size$2.3b
- Held by9 ETFs
- Big moves4 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +10.9%15 Sep 2026· Contract
EQ Resources surged after announcing a binding agreement to form a joint venture for a US ammonium paratungstate (APT) processing plant, a strategically significant deal for its tungsten business.
- −12.5%2 Sep 2026· Sector Flow
EQR.AX fell sharply alongside a broad sell-off in the ASX Materials sector, with no company-specific announcement to explain the move.
- +17.5%5 Aug 2026· Operational
EQ Resources reported record monthly revenue of A$51 million for July 2026, driven by a surge in tungsten production, exceeding expectations.
- +37.3%20 Jul 2026· Stake Change
High-profile billionaire Andrew Forrest acquiring a 16.8% stake in EQ Resources from Oaktree triggered strong investor buying interest, driving the share price up 37%.
Held by 9 ETFs
Of every $10,000 in each fund, how much is in EQR today.
- RESMVANECK RARE EARTH AND STRATEGIC METALS X CHINA ETF$3043.04%
- ISOiShares S&P/ASX Small Ordinaries ETF$530.53%
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$530.53%
- VSOVanguard MSCI Australian Small Companies Index ETF$250.25%
- QREBetaShares Australian Resources Sector ETF$220.22%
- EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF$180.18%
- A200BetaShares Australia 200 ETF$6.540.07%
- A300Global X Australia 300 ETF$5.750.06%
- VASVanguard Australian Shares Index ETF$3.470.03%
Why did EQR rise 37.3% on 20 Jul 2026?
EQ Resources
High-profile billionaire Andrew Forrest acquiring a 16.8% stake in EQ Resources from Oaktree triggered strong investor buying interest, driving the share price up 37%.
The ASX announcement filed at 23:17 UTC on 19 July 2026 — roughly four hours before detection — directly disclosed Dr Andrew Forrest AO acquiring 16.8% of EQR from Oaktree, a market-sensitive event with clear positive signal. Multiple news outlets (Stocks Down Under, Kalkine, Grafa) independently confirmed and amplified the story within hours, consistent with the timing of the price spike. The broader materials sector was flat/slightly negative (-0.14%), ruling out any sector-wide tailwind and isolating the move squarely to this company-specific catalyst.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
ASX announcements
News coverage
Sector / macro signals
What it did to the 9 ETFs holding EQR
On $10,000 in each fund, at the weight it holds today