High Voltage: Something sounds out of tune in the world of lithium-ion
Energy
Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
Scroll down for a table showing the recent performance of 200 ASX battery metal stocks.
Australia’s electric vehicle industry has moved closer to the centre of the policy debate ahead of next month’s federal election, after the opposition Labor Party set out some aggressive targets in a policy announcement to start the week.
By 2030, it wants half of all new cars sold in Australia to be electric vehicles — part of a plan to cut the country’s CO2 emissions by almost 50 per cent over the next decade. The policy will involve incentives for businesses to go electric, and punishments for a breach of emissions caps.
“We have ten times lower electric vehicle take-up than the global average, and we’re at risk of being left behind,” Labor said in its announcement.
Moving on from electric vehicles to energy grids, new research indicates that lithium-ion batteries are becoming increasingly competitive with gas and coal.
Findings from Bloomberg New Energy Finance showed that the “levelised cost of electricity” (LCOE) for lithium-ion batteries has fallen by 35 per cent since the first half of 2018.
When combined with solar and wind sources, lithium-ion battery storage now represents a cost-competitive power source to relieve pressure on the grid during periods of peak demand.
BNEF reckons energy storage will be a $US620 billion market by 2040. That’s a lot of lithium-ion batteries. But will technological advancements give rise to some new entrants in the market?
As an example, South Australian company CCT Energy Storage reckons it’s developed the world’s first commercial Thermal Energy Device (TED) battery.
CCE chief Serge Bondarenko spoke to Stockhead last week about how thermal storage out-performs lithium-ion on a number of key metrics.
Switching back to car batteries, and an overview of the global market published this week forecast that it will grow in size to $US92 billion over the next five years.
So while supply issues continue to plague the markets for lithium and cobalt in the short-term, the medium-term outlook indicates that demand will continue to grow steadily through to 2024.
That could be good news for Aussie companies like Talga, which wants to use its undeveloped graphite deposit in Sweden to develop products that help electric vehicle batteries charge faster and perform for longer.
Of the companies we track in this space, there were 88 losers last week, while 53 were ahead and 51 held steady.
Leading the pack was Lithium Consolidated (ASX: LI3), which rose above seven cents to close 54 per cent higher for the week.
The stock posted steady gains after a 30 per cent spike on Monday, when it announced it had secured two new lithium exploration licenses in northern Mozambique. But like many small-cap players in the lithium space, it’s had a rough 12 months and is still down 29 per cent for the year.
And it was a good week for Korab Resources (ASX: KOR), which came out of a March trading halt to finish the week at 3.8 cents — a gain of 50 per cent.
The share price increase came in conjunction that Korab has received expressions of interest to purchase magnesia from its Winchester magnesium carbonate project in the Northern Territory.
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Ticker | Name | 1 Week Price Change % | 1 Year Price Change % | Share Price [April 01] | Market Cap |
---|---|---|---|---|---|
LI3 | LITHIUM CONSOLIDATED LTD | 54 | -29 | 0.078 | $6,811,659.00 |
GPP | GREENPOWER ENERGY LTD | 50 | -79 | 0.002 | $4,696,111.00 |
KOR | KORAB RESOURCES LTD | 41 | -17 | 0.038 | $12,045,383.00 |
WCN | WHITE CLIFF MINERALS LTD | 40 | -95 | 0.007 | $2,822,081.25 |
CMC | CHINA MAGNESIUM CORP LTD | 25 | 100 | 0.04 | $18,035,104.00 |
ENT | ENTERPRISE METALS LTD | 25 | -50 | 0.011 | $3,880,627.50 |
RLC | REEDY LAGOON CORP LTD | 25 | -88 | 0.005 | $2,011,358.50 |
OAR | OAKDALERESOURCES LTD | 21 | -39 | 0.017 | $3,088,202.00 |
AYR | ALLOY RESOURCES LTD | 20 | -75 | 0.002 | $4,731,233.00 |
SYA | SAYONA MINING LTD | 20 | -69 | 0.017 | $30,982,680.00 |
ARU | ARAFURA RESOURCES LTD | 19 | -51 | 0.056 | $38,234,364.00 |
AGY | ARGOSY MINERALS LTD | 17 | -64 | 0.11 | $148,128,848.00 |
LML | LINCOLN MINERALS LTD | 17 | -79 | 0.007 | $4,024,885.75 |
CAZ | CAZALY RESOURCES LTD | 16 | -37 | 0.026 | $7,592,752.50 |
PIO | PIONEER RESOURCES LTD | 14 | -33 | 0.015 | $24,118,802.00 |
IEC | INTRA ENERGY CORP LTD | 13 | 31 | 0.019 | $6,203,584.50 |
PLS | PILBARA MINERALS LTD | 11 | -4 | 0.7625 | $1,466,852,736.00 |
PAN | PANORAMIC RESOURCES LTD | 11 | -9 | 0.41 | $193,115,904.00 |
PMY | PACIFICO MINERALS LTD | 10 | -50 | 0.006 | $6,585,751.50 |
KTA | KRAKATOA RESOURCES LTD | 10 | -45 | 0.022 | $2,350,000.00 |
GWR | GWR GROUP LTD | 10 | -44 | 0.1 | $25,351,744.00 |
PUR | PURSUIT MINERALS LTD | 10 | -82 | 0.023 | $4,463,183.00 |
BSM | BASS METALS LTD | 9 | -60 | 0.012 | $33,462,790.00 |
ZNC | ZENITH MINERALS LTD | 9 | -71 | 0.063 | $12,765,728.00 |
EME | ENERGY METALS LTD | 9 | 24 | 0.12 | $25,161,998.00 |
ARM | AURORA MINERALS LTD | 7 | -48 | 0.015 | $1,639,866.00 |
AUR | AURIS MINERALS LTD | 7 | -55 | 0.03 | $12,260,440.00 |
GBE | GLOBE METALS AND MINING LTD | 7 | 0 | 0.016 | $7,454,758.00 |
WML | WOOMERA MINING LTD | 6 | -78 | 0.035 | $3,831,950.75 |
HWK | HAWKSTONE MINING LTD | 6 | -54 | 0.018 | $9,695,406.00 |
E25 | ELEMENT 25 LTD | 6 | -37 | 0.19 | $15,533,405.00 |
BPL | BROKEN HILL PROSPECTING LTD | 5 | -86 | 0.021 | $2,957,668.00 |
SVM | SOVEREIGN METALS LTD | 5 | -25 | 0.091 | $32,334,630.00 |
TON | TRITON MINERALS LTD | 5 | -38 | 0.042 | $38,012,656.00 |
ASN | ANSON RESOURCES LTD | 5 | 41 | 0.074 | $34,387,000.00 |
CZI | CASSINI RESOURCES LTD | 4 | 39 | 0.099 | $33,168,680.00 |
RIO | RIO TINTO LTD | 4 | 52 | 99.05 | $138,174,709,760.00 |
ERX | EXORE RESOURCES LTD | 4 | 59 | 0.085 | $39,571,104.00 |
BAU | BAUXITE RESOURCES LTD | 3 | 0 | 0.062 | $12,865,340.00 |
ORN | ORION MINERALS LTD | 3 | -24 | 0.031 | $56,212,004.00 |
WKT | WALKABOUT RESOURCES LTD | 3 | 74 | 0.16 | $45,637,464.00 |
DEG | DE GREY MINING LTD | 3 | -40 | 0.096 | $41,046,112.00 |
BEM | BLACKEARTH MINERALS NL | 3 | -55 | 0.073 | $6,022,040.50 |
SYR | SYRAH RESOURCES LTD | 2 | -66 | 1.0375 | $368,400,160.00 |
BDC | BARDOC GOLD LTD | 2 | -57 | 0.044 | $47,654,680.00 |
GPX | GRAPHEX MINING LTD | 2 | -25 | 0.215 | $19,210,426.00 |
AML | AEON METALS LTD | 2 | -9 | 0.255 | $168,267,424.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES L | 2 | -38 | 0.27 | $165,006,720.00 |
LKE | LAKE RESOURCES NL | 2 | -58 | 0.055 | $19,449,770.00 |
SO4 | SALT LAKE POTASH LTD | 2 | 2 | 0.585 | $118,605,584.00 |
CLQ | CLEAN TEQ HOLDINGS LTD | 2 | -73 | 0.305 | $220,166,176.00 |
MIN | MINERAL RESOURCES LTD | 1 | -4 | 16.22 | $2,870,276,352.00 |
BKT | BLACK ROCK MINING LTD | 1 | 35 | 0.063 | $38,646,356.00 |
SXX | SOUTHERN CROSS EXPLORATION | 0 | -38 | 0.005 | $5,384,216.00 |
NZC | NZURI COPPER LTD | 0 | -13 | 0.31 | $93,210,232.00 |
EMH | EUROPEAN METALS HLDS LT-CDI | 0 | -24 | 0.315 | $46,192,300.00 |
ESR | ESTRELLA RESOURCES LTD | 0 | -48 | 0.014 | $7,425,366.00 |
KLH | KALIA LTD | 0 | -67 | 0.003 | $7,543,042.00 |
PSM | PENINSULA MINES LTD | 0 | -64 | 0.004 | $3,451,488.25 |
PSC | PROSPECT RESOURCES LTD | 0 | -67 | 0.018 | $34,783,956.00 |
CDT | CASTLE MINERALS LTD | 0 | -67 | 0.007 | $1,566,571.88 |
ANW | AUS TIN MINING LTD | 0 | -30 | 0.014 | $25,846,220.00 |
FEL | FE LTD | 0 | -57 | 0.016 | $6,158,047.50 |
CHK | COHIBA MINERALS LTD | 0 | 22 | 0.011 | $7,310,756.50 |
ADV | ARDIDEN LTD | 0 | -80 | 0.003 | $5,030,640.50 |
ARE | ARGONAUT RESOURCES NL | 0 | -23 | 0.018 | $24,870,090.00 |
NWC | NEW WORLD COBALT LTD | 0 | -89 | 0.011 | $6,066,694.00 |
SGQ | ST GEORGE MINING LTD | 0 | -3 | 0.16 | $49,189,176.00 |
SVD | SCANDIVANADIUM LTD | 0 | -57 | 0.011 | $3,870,527.00 |
KNL | KIBARAN RESOURCES LTD | 0 | -23 | 0.105 | $27,629,234.00 |
NXE | NEW ENERGY MINERALS LTD | 0 | -88 | 0.029 | $4,526,863.50 |
DHR | DARK HORSE RESOURCES LTD | 0 | -78 | 0.005 | $7,904,346.50 |
SCI | SILVER CITY MINERALS LTD | 0 | -79 | 0.011 | $2,937,102.50 |
SUH | SOUTHERN HEMISPHERE MINING | 0 | -45 | 0.033 | $2,919,492.50 |
LRS | LATIN RESOURCES LTD | 0 | -82 | 0.002 | $6,527,506.50 |
CAD | CAENEUS MINERALS LTD | 0 | -67 | 0.001 | $18,619,644.00 |
HMX | HAMMER METALS LTD | 0 | -38 | 0.025 | $7,543,130.00 |
JMS | JUPITER MINES LTD | 0 | 383 | 0.35 | $666,056,960.00 |
AXE | ARCHER EXPLORATION LTD | 0 | -40 | 0.069 | $13,441,300.00 |
DTM | DART MINING NL | 0 | -38 | 0.006 | $5,568,257.00 |
BUX | BUXTON RESOURCES LTD | 0 | -12 | 0.11 | $15,646,375.00 |
VMC | VENUS METALS CORP LTD | 0 | 31 | 0.17 | $15,489,497.00 |
VML | VITAL METALS LTD | 0 | -20 | 0.0075 | $13,069,585.00 |
AMD | ARROW MINERALS LTD | 0 | -67 | 0.011 | $3,459,946.75 |
VRC | VOLT RESOURCES LTD | 0 | -44 | 0.022 | $29,109,564.00 |
HIG | HIGHLANDS PACIFIC LTD | 0 | 18 | 0.105 | $114,737,056.00 |
BDI | BLINA MINERALS NL | 0 | -33 | 0.001 | $4,543,882.50 |
AJM | ALTURA MINING LTD | 0 | -68 | 0.1325 | $297,564,736.00 |
CGM | COUGAR METALS NL | 0 | -88 | 0.001 | $1,065,472.13 |
CGN | CRATER GOLD MINING LTD | 0 | -32 | 0.012 | $15,957,446.00 |
LCD | LATITUDE CONSOLIDATED LTD | 0 | -53 | 0.016 | $4,402,864.00 |
TKL | TRAKA RESOURCES LTD | 0 | -73 | 0.014 | $4,638,494.50 |
POS | POSEIDON NICKEL LTD | 0 | 14 | 0.042 | $110,993,480.00 |
RDS | REDSTONE RESOURCES LTD | 0 | 4 | 0.013 | $6,122,536.00 |
COB | COBALT BLUE HOLDINGS LTD | 0 | -89 | 0.145 | $18,066,062.00 |
BYH | BRYAH RESOURCES LTD | 0 | -55 | 0.067 | $4,076,958.00 |
OKR | OKAPI RESOURCES LTD | 0 | -59 | 0.17 | $5,838,287.50 |
TNO | TANDO RESOURCES LTD | 0 | -46 | 0.096 | $19,383,708.00 |
CNJ | CONICO LTD | 0 | -63 | 0.016 | $5,276,374.00 |
CRL | COMET RESOURCES LTD | 0 | -62 | 0.03 | $6,958,500.00 |
LPI | LITHIUM POWER INTERNATIONAL | 0 | -41 | 0.205 | $53,815,352.00 |
BMT | BERKUT MINERALS LTD | 0 | -3 | 0.14 | $8,419,083.00 |
RMX | RED MOUNTAIN MINING LTD | 0 | -47 | 0.005 | $3,890,184.00 |
GME | GME RESOURCES LTD | 0 | -54 | 0.07 | $35,196,236.00 |
LIT | LITHIUM AUSTRALIA NL | -1 | -48 | 0.083 | $37,770,780.00 |
TLG | TALGA RESOURCES LTD | -2 | -27 | 0.62 | $135,356,192.00 |
CXO | CORE LITHIUM LTD | -2 | -11 | 0.056 | $37,501,200.00 |
ARL | ARDEA RESOURCES LTD | -2 | -63 | 0.46 | $50,949,804.00 |
JRV | JERVOIS MINING LTD | -2 | -47 | 0.23 | $52,466,804.00 |
TNG | TNG LTD | -2 | -46 | 0.089 | $87,675,536.00 |
MXR | MAXIMUS RESOURCES LTD | -3 | -35 | 0.076 | $2,361,295.25 |
FGR | FIRST GRAPHENE LTD | -3 | 6 | 0.175 | $72,393,824.00 |
KDR | KIDMAN RESOURCES LTD | -3 | -41 | 1.195 | $485,756,896.00 |
ORE | OROCOBRE LTD | -3 | -37 | 3.385 | $865,674,240.00 |
HAV | HAVILAH RESOURCES LTD | -3 | -40 | 0.155 | $30,554,868.00 |
HXG | HEXAGON RESOURCES LTD | -3 | -45 | 0.14 | $40,849,676.00 |
LPD | LEPIDICO LTD | -4 | -34 | 0.028 | $87,260,552.00 |
S32 | SOUTH32 LTD | -4 | 22 | 3.745 | $18,873,987,072.00 |
DEV | DEVEX RESOURCES LTD | -4 | -42 | 0.046 | $4,321,187.00 |
VXR | VENTUREX RESOURCES LTD | -4 | 10 | 0.235 | $62,946,596.00 |
IDA | INDIANA RESOURCES LTD | -4 | -18 | 0.046 | $4,875,764.50 |
A4N | ALPHA HPA LTD | -4 | -19 | 0.11 | $62,381,000.00 |
KAI | KAIROS MINERALS LTD | -5 | -43 | 0.018 | $17,045,456.00 |
INF | INFINITY LITHIUM CORP LTD | -5 | -35 | 0.081 | $15,974,373.00 |
PLL | PIEDMONT LITHIUM LTD | -5 | -25 | 0.11 | $73,741,840.00 |
KSN | KINGSTON RESOURCES LTD | -5 | -5 | 0.019 | $23,240,770.00 |
LTR | LIONTOWN RESOURCES LTD | -5 | -45 | 0.021 | $30,215,704.00 |
MTC | METALSTECH LTD | -5 | -91 | 0.019 | $2,339,077.75 |
MZZ | MATADOR MINING LIMITED | -5 | -40 | 0.19 | $10,237,833.00 |
AVL | AUSTRALIAN VANADIUM LTD | -5 | -59 | 0.019 | $37,503,032.00 |
THR | THOR MINING PLC-CDI | -5 | -60 | 0.016 | $11,470,409.00 |
GXY | GALAXY RESOURCES LTD | -6 | -36 | 1.915 | $753,919,424.00 |
RNU | RENASCOR RESOURCES LTD | -6 | -47 | 0.018 | $19,608,214.00 |
RTR | RUMBLE RESOURCES LTD | -6 | -4 | 0.05 | $17,998,820.00 |
GED | GOLDEN DEEPS LTD | -6 | -40 | 0.033 | $5,655,566.00 |
BGS | BIRIMIAN LTD | -6 | -64 | 0.165 | $40,999,068.00 |
BAT | BATTERY MINERALS LTD | -6 | -62 | 0.032 | $36,751,160.00 |
TRT | TODD RIVER RESOURCES LTD | -6 | -30 | 0.075 | $11,358,619.00 |
NMT | NEOMETALS LTD | -6 | -28 | 0.23 | $122,394,208.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | -6 | -50 | 0.215 | $20,575,230.00 |
CHN | CHALICE GOLD MINES LTD | -6 | 17 | 0.15 | $38,652,380.00 |
OMH | OM HOLDINGS LTD | -7 | -8 | 1.225 | $908,506,688.00 |
PM1 | PURE MINERALS LTD | -7 | -26 | 0.014 | $4,715,686.00 |
NVA | NOVA MINERALS LTD | -7 | -59 | 0.014 | $11,612,012.00 |
DGR | DGR GLOBAL LTD | -7 | 53 | 0.13 | $82,779,552.00 |
SEI | SPECIALITY METALS INTERNATIO | -7 | -7 | 0.027 | $15,536,540.00 |
AVZ | AVZ MINERALS LTD | -7 | -84 | 0.041 | $91,327,936.00 |
POW | PROTEAN ENERGY LTD | -7 | -58 | 0.013 | $3,737,247.00 |
PGM | PLATINA RESOURCES LTD | -7 | -38 | 0.065 | $17,696,458.00 |
EUR | EUROPEAN LITHIUM LTD | -7 | -44 | 0.12 | $72,632,896.00 |
IRC | INTERMIN RESOURCES LTD | -7 | -46 | 0.13 | $31,777,442.00 |
AUZ | AUSTRALIAN MINES LTD | -8 | -76 | 0.025 | $71,912,344.00 |
MEI | METEORIC RESOURCES NL | -8 | -66 | 0.012 | $7,997,469.00 |
MRR | MINREX RESOURCES LTD | -8 | -87 | 0.011 | $1,054,655.00 |
ADN | ANDROMEDA METALS LTD | -8 | -31 | 0.0055 | $7,455,245.50 |
FCC | FIRST COBALT CORP-CDI | -9 | -84 | 0.16 | $49,201,664.00 |
BAR | BARRA RESOURCES LTD | -9 | -39 | 0.031 | $16,166,722.00 |
4CE | FORCE COMMODITIES LTD | -9 | -89 | 0.009 | $3,820,642.75 |
GLN | GALAN LITHIUM LTD | -10 | 130 | 0.235 | $27,143,364.00 |
BOA | BOADICEA RESOURCES LTD | -10 | -18 | 0.18 | $9,512,131.00 |
RIE | RIEDEL RESOURCES LTD | -10 | -87 | 0.009 | $3,762,627.25 |
HNR | HANNANS LTD | -10 | -44 | 0.01 | $19,879,546.00 |
INR | IONEER LTD | -11 | -64 | 0.175 | $250,747,200.00 |
BSX | BLACKSTONE MINERALS LTD | -11 | -83 | 0.081 | $9,088,586.00 |
AOU | AUROCH MINERALS LTD | -11 | -33 | 0.062 | $6,130,716.00 |
HGM | HIGH GRADE METALS LTD | -13 | -88 | 0.007 | $3,170,565.00 |
VMS | VENTURE MINERALS LTD | -13 | -35 | 0.02 | $10,412,240.00 |
EUC | EUROPEAN COBALT LTD | -14 | -75 | 0.02 | $15,233,947.00 |
SRK | STRIKE RESOURCES LTD | -14 | 32 | 0.08 | $12,062,744.00 |
AUT | AUTECO MINERALS LTD | -14 | 0 | 0.006 | $5,414,788.00 |
CUL | CULLEN RESOURCES LTD | -14 | -61 | 0.012 | $2,033,577.88 |
JRL | JINDALEE RESOURCES LTD | -15 | -13 | 0.225 | $8,748,694.00 |
MCT | METALICITY LTD | -15 | -68 | 0.011 | $6,627,101.00 |
CLA | CELSIUS RESOURCES LTD | -16 | -89 | 0.016 | $12,115,489.00 |
TKM | TREK METALS LTD | -17 | -78 | 0.005 | $1,873,821.63 |
OAU | ORA GOLD LTD | -18 | -57 | 0.009 | $6,460,959.00 |
CZR | COZIRON RESOURCES LTD | -18 | -59 | 0.009 | $16,069,961.00 |
MZN | MARINDI METALS LTD | -20 | -60 | 0.004 | $7,939,035.50 |
SBR | SABRE RESOURCES LTD | -20 | -75 | 0.004 | $1,627,894.38 |
N27 | NORTHERN COBALT LTD | -20 | -82 | 0.06 | $3,228,804.25 |
MLM | METALLICA MINERALS LTD | -21 | -49 | 0.023 | $7,439,290.50 |
MQR | MARQUEE RESOURCES LIMITED | -21 | -90 | 0.041 | $1,752,515.63 |
AEE | AURA ENERGY LTD | -21 | -52 | 0.011 | $14,694,025.00 |
TAR | TARUGA MINERALS LTD | -22 | -84 | 0.05 | $7,058,362.00 |
AZI | ALTA ZINC LTD | -25 | -63 | 0.0035 | $4,106,897.00 |
PNN | PEPINNINI LITHIUM LTD | -25 | -90 | 0.003 | $2,456,023.25 |
SI6 | SIX SIGMA METALS LTD | -25 | -81 | 0.003 | $1,372,509.50 |
CZN | CORAZON MINING LTD | -25 | -79 | 0.003 | $3,795,850.00 |
SRN | SUREFIRE RESOURCES NL | -25 | -75 | 0.003 | $1,321,960.88 |
MTH | MITHRIL RESOURCES LTD | -29 | -85 | 0.005 | $2,534,335.25 |
MLS | METALS AUSTRALIA LTD | -33 | -60 | 0.002 | $5,383,595.50 |
MTB | MOUNT BURGESS MINING NL | -40 | -73 | 0.003 | $1,355,638.13 |
We can’t leave without updating our newsfeed from Planet Elon Musk.
It’s not related to Model 3 production or SpaceX rockets. No, it’s Musk’s homage to beloved gorilla Harambe (now deceased) — in the form of an autotune mumble-rap posted to SoundCloud.
Has Elon advanced from consuming weed and whiskey with Joe Rogan to getting completely smacked off some high-grade edibles? Will this listening experience amount to two minutes of your life you can never get back? The only way to find answers to those questions is to hit play on the link below: