High Voltage: All the news driving battery metals stocks
Mining
Mining
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 >>
Established global vanadium producers like Bushveld (LON:BMN) and Largo Resources (TSE:LGO) are laughing all the way to the bank following a year of extraordinary prices – and there’s a bunch of ASX listed juniors champing at the bit to join them.
Bushveld just announced underlying earnings of $US107.5 million in 2018 – a 350 per cent increase on the year prior.
Early in January, Toronto based Largo said that while vanadium prices had receded to between $US15.50-$US16.00/lb, this was still up 38 per cent when compared to the same period last year.
Largo (and many others) continue to believe that a structural supply deficit means elevated pricing should remain in the short-term.
Consultancy Mastermines tweeted last week that spot prices stabilised around $US17.07/lb by the end of January.
“Signs that a further surge is building to begin after China New Year,” Mastermines says.
“The market will be looking for more stable pricing during 2019.”
In the space of a few days two crucial reports were released on the future of electric vehicles uptake and a local battery sector in Australia.
Both are ambitious but have refused to put a dollar figure on their plans.
This senate report has 17 recommendations to fast-charge Australia’s EV uptake — which is comparatively non-existent right now on a global scale.
The people and companies who responded to the committee’s call for submissions worried about higher upfront costs, driving range, lack of charging infrastructure, and limited model availability.
The first recommendation is basic: prioritise the development of a national EV strategy and an inter-governmental taskforce to lead its implementation.
The report included discussion of the specific tax and spending proposals but makes no recommendations on them.
“That is a task for the national government, engaging with industry and the wider community,” committee member senator Kim Carr says.
Then the Western Australia government released its own Future Battery Industry Strategy with a vision to transform the state into a world-leading producer and exporter of battery materials, tech, and knowledge by 2025.
Currently, Western Australia is the world’s largest lithium miner and exporter.
It actually produces nine of the 10 mineral elements required to make most lithium-ion battery anodes and cathodes, and has reserves of the remaining element, graphite.
But the strategy goes well beyond developing new mines to focus on downstream processing, manufacturing of battery components and cells, battery assembly and recycling.
There’s a sense of urgency about the strategy but again, it doesn’t look as if a large amount of extra government cash is being committed.
Not like in the US, where the state of California leads the electrification charge.
In early 2018, the Cali government launched a $US2.5 billion roadmap towards getting five million electric vehicles on the state’s roads by 2030, which included 250,000 EV charging stations and 200 hydrogen fuelling stations by 2025.
In November the German government announced a $1.71 billion investment to support its own lithium-ion battery industry, as it looks to catch up with EV and battery cell front-runner China.
But industry feedback and research has shown that financial incentives aren’t that successful, a spokesperson from the Western Australian Department of Jobs, Tourism, Science and Innovation (JTSI) told Stockhead.
Factors such as resource availability and quality, technical expertise, production standards, innovation and market size were more important.
“An example is of the US where, in the wake of the global financial crisis, the federal government spent billions of dollars on developing a local battery manufacturing industry with little success [which] suggests that direct financial incentives are insufficient to develop the battery industry,” the spokesperson said.
“None of the battery companies that received the stimulus money at the time thrived and very few survived.
“Tesla, the US main battery manufacturer, did not receive any of that stimulus money and has its batteries made by Japan’s Panasonic.”
It’s been a recovery week for battery metals stocks on the ASX. Of the companies on our list, about 72 lost ground, 63 were ahead and 53 were steady.
Here’s how that looks for the year so far:
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
Ticker | Name | 1 Week Price Change % | 1 Year Price Change % | Share Price [Mon Feb 4 Intraday] | Market Cap |
---|---|---|---|---|---|
BAU | BAUXITE RESOURCES | 102.70 | 17.19 | 0.075 | $14,366,297.00 |
IEC | INTRA ENERGY | 50.00 | 25.00 | 0.016 | $5,815,860.50 |
CAZ | CAZALY RESOURCES | 27.78 | -46.51 | 0.024 | $4,656,381.00 |
ORN | ORION MINERALS | 26.09 | -23.68 | 0.029 | $43,095,872.00 |
MTB | MOUNT BURGESS MINING | 25.00 | -50.00 | 0.005 | $1,768,317.63 |
SI6 | SIX SIGMA METALS | 25.00 | -66.67 | 0.005 | $1,830,012.63 |
AZI | ALTA ZINC | 20.00 | -45.45 | 0.006 | $8,213,794.00 |
MLM | METALLICA MINERALS | 20.00 | -43.40 | 0.03 | $8,061,182.50 |
MTH | MITHRIL RESOURCES | 20.00 | -87.02 | 0.006 | $2,111,946.00 |
CRL | COMET RESOURCES | 19.23 | -70.48 | 0.031 | $7,143,950.00 |
BEM | BLACKEARTH MINERALS | 17.65 | -64.44 | 0.08 | $5,470,695.00 |
SYA | SAYONA MINING | 16.67 | -69.57 | 0.022 | $32,703,940.00 |
FCC | FIRST COBALT | 15.63 | -83.98 | 0.185 | $66,167,756.00 |
AML | AEON METALS | 14.00 | 14.00 | 0.275 | $161,554,176.00 |
THR | THOR MINING | 13.64 | -66.22 | 0.025 | $17,922,514.00 |
EUC | EUROPEAN COBALT | 12.50 | -73.00 | 0.027 | $19,042,434.00 |
CMC | CHINA MAGNESIUM | 11.11 | -31.03 | 0.02 | $7,048,771.00 |
HMX | HAMMER METALS | 10.00 | -61.40 | 0.022 | $5,565,941.50 |
OAR | OAKDALE RESOURCES | 9.52 | -34.29 | 0.023 | $1,502,766.75 |
HAV | HAVILAH RESOURCES | 9.38 | -37.50 | 0.18 | $36,011,092.00 |
PGM | PLATINA RESOURCES | 8.82 | -50.67 | 0.074 | $20,337,720.00 |
RIO | RIO TINTO | 8.82 | 20.35 | 86.66 | $128,383,156,224.00 |
TON | TRITON MINERALS | 8.70 | -52.38 | 0.049 | $46,356,896.00 |
JRV | JERVOIS MINING | 8.51 | -54.46 | 0.255 | $56,932,064.00 |
IRC | INTERMIN RESOURCES | 8.33 | -31.58 | 0.13 | $31,777,442.00 |
KDR | KIDMAN RESOURCES | 7.30 | -34.21 | 1.24 | $455,397,088.00 |
AOU | AUROCH MINERALS | 7.14 | -28.57 | 0.075 | $7,537,765.50 |
GBE | GLOBE METALS AND MINING | 7.14 | -21.05 | 0.015 | $6,988,835.50 |
ANW | AUS TIN MINING | 6.67 | -42.86 | 0.015 | $29,822,562.00 |
BSM | BASS METALS | 6.67 | -33.33 | 0.016 | $41,421,688.00 |
ESR | ESTRELLA RESOURCES | 6.67 | -30.43 | 0.015 | $7,870,132.50 |
S32 | SOUTH32 | 6.38 | -3.78 | 3.46 | $17,831,686,144.00 |
LPD | LEPIDICO | 6.25 | -69.64 | 0.017 | $57,054,980.00 |
LCD | LATITUDE CONSOLIDATED | 5.88 | -33.33 | 0.018 | $4,953,222.00 |
PIO | PIONEER RESOURCES | 5.88 | -37.93 | 0.018 | $25,569,906.00 |
BKT | BLACK ROCK MINING | 5.00 | 3.28 | 0.067 | $29,617,758.00 |
GLN | GALAN LITHIUM | 5.00 | 215.00 | 0.31 | $35,190,688.00 |
HIG | HIGHLANDS PACIFIC | 5.00 | 16.67 | 0.105 | $114,737,056.00 |
WKT | WALKABOUT RESOURCES | 5.00 | -8.70 | 0.1 | $30,424,974.00 |
GME | GME RESOURCES | 4.65 | -35.33 | 0.09 | $43,392,620.00 |
BAT | BATTERY MINERALS | 4.55 | -76.53 | 0.024 | $23,387,102.00 |
TNO | TANDO RESOURCES | 4.35 | 76.00 | 0.12 | $22,262,514.00 |
ARE | ARGONAUT RESOURCES | 4.00 | -3.70 | 0.027 | $40,413,896.00 |
CHN | CHALICE GOLD MINES | 4.00 | -3.70 | 0.13 | $34,653,856.00 |
PUR | PURSUIT MINERALS | 3.85 | -55.00 | 0.047 | $7,712,380.50 |
SGQ | ST GEORGE MINING | 3.85 | -40.00 | 0.135 | $38,755,108.00 |
PLS | PILBARA MINERALS | 3.76 | -24.59 | 0.6825 | $1,133,933,696.00 |
CLA | CELSIUS RESOURCES | 3.70 | -56.92 | 0.0555 | $40,132,560.00 |
VMC | VENUS METALS CORP | 3.70 | 7.69 | 0.14 | $12,672,057.00 |
SO4 | SALT LAKE POTASH | 3.49 | -5.32 | 0.46 | $91,790,408.00 |
INF | INFINITY LITHIUM CORP | 3.33 | -55.71 | 0.062 | $11,410,266.00 |
PAN | PANORAMIC RESOURCES | 3.23 | 6.67 | 0.49 | $247,263,984.00 |
PLL | PIEDMONT LITHIUM | 3.09 | -44.44 | 0.095 | $63,348,020.00 |
EMH | EUROPEAN METALS | 2.99 | -38.94 | 0.345 | $50,591,568.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES | 2.94 | -18.60 | 0.355 | $198,619,200.00 |
VXR | VENTUREX RESOURCES | 2.86 | -25.00 | 0.195 | $46,486,900.00 |
AUZ | AUSTRALIAN MINES | 2.38 | -57.00 | 0.043 | $121,429,160.00 |
DEV | DEVEX RESOURCES | 2.17 | -54.98 | 0.047 | $4,229,247.00 |
JMS | JUPITER MINES | 2.13 | 241.19 | 0.24 | $479,952,800.00 |
LPI | LITHIUM POWER INTERNATIONAL | 2.13 | -51.52 | 0.25 | $63,003,336.00 |
GWR | GWR GROUP | 2.04 | 49.25 | 0.1 | $25,351,744.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | 1.56 | 4.84 | 0.325 | $23,114,300.00 |
WML | WOOMERA MINING | 1.49 | -93.20 | 0.068 | $7,663,901.50 |
AYR | ALLOY RESOURCES | 0.00 | -57.14 | 0.003 | $4,731,233.00 |
ARU | ARAFURA RESOURCES | 0.00 | -61.14 | 0.044 | $31,741,738.00 |
ADV | ARDIDEN | 0.00 | -80.95 | 0.004 | $6,707,521.00 |
ARM | AURORA MINERALS | 0.00 | -50.00 | 0.02 | $2,342,665.75 |
AVL | AUSTRALIAN VANADIUM | 0.00 | -43.48 | 0.026 | $51,319,940.00 |
BMT | BERKUT MINERALS | 0.00 | -54.71 | 0.077 | $3,910,800.00 |
BGS | BIRIMIAN | 0.00 | -75.74 | 0.16 | $43,347,168.00 |
BDI | BLINA MINERALS | 0.00 | -50.00 | 0.001 | $4,363,882.50 |
BOA | BOADICEA RESOURCES | 0.00 | -35.42 | 0.155 | $8,191,001.50 |
BYH | BRYAH RESOURCES | 0.00 | -40.74 | 0.08 | $4,868,009.50 |
CAD | CAENEUS MINERALS | 0.00 | -66.67 | 0.001 | $14,063,075.00 |
CFE | CAPE LAMBERT RESOURCES | 0.00 | -73.77 | 0.016 | $16,214,425.00 |
CCZ | CASTILLO COPPER | 0.00 | -75.00 | 0.016 | $10,265,512.00 |
CDT | CASTLE MINERALS | 0.00 | -60.00 | 0.008 | $1,790,367.75 |
CHK | COHIBA MINERALS | 0.00 | 25.00 | 0.015 | $9,304,599.00 |
CZN | CORAZON MINING | 0.00 | -76.47 | 0.004 | $5,061,133.50 |
CXO | CORE LITHIUM | 0.00 | -21.33 | 0.059 | $40,938,132.00 |
CZR | COZIRON RESOURCES | 0.00 | -47.37 | 0.01 | $17,855,512.00 |
CGN | CRATER GOLD MINING | 0.00 | -23.53 | 0.013 | $23,614,774.00 |
DHR | DARK HORSE RESOURCES | 0.00 | -81.82 | 0.004 | $8,892,390.00 |
DEG | DE GREY MINING | 0.00 | 0.00 | 0.115 | $48,662,916.00 |
DGR | DGR GLOBAL | 0.00 | 25.00 | 0.12 | $73,581,824.00 |
EME | ENERGY METALS | 0.00 | 15.00 | 0.115 | $24,113,580.00 |
EUR | EUROPEAN LITHIUM | 0.00 | -60.87 | 0.088 | $49,492,940.00 |
FEL | FE | 0.00 | -67.27 | 0.018 | $6,725,303.50 |
GPP | GREENPOWER ENERGY | 0.00 | -78.57 | 0.003 | $6,261,481.50 |
HNR | HANNANS | 0.00 | -57.14 | 0.008 | $17,891,590.00 |
HWK | HAWKSTONE MINING | 0.00 | -25.00 | 0.018 | $10,836,042.00 |
IDA | INDIANA RESOURCES | 0.00 | -11.85 | 0.054 | $5,167,087.50 |
KAI | KAIROS MINERALS | 0.00 | -45.00 | 0.022 | $19,602,276.00 |
KLH | KALIA | 0.00 | -70.00 | 0.003 | $7,543,042.00 |
KSN | KINGSTON RESOURCES | 0.00 | -28.00 | 0.018 | $22,017,570.00 |
KTA | KRAKATOA RESOURCES | 0.00 | -44.44 | 0.025 | $3,525,000.00 |
LTR | LIONTOWN RESOURCES | 0.00 | -36.84 | 0.025 | $26,081,712.00 |
LI3 | LITHIUM CONSOLIDATED | 0.00 | -43.20 | 0.071 | $6,448,370.50 |
MQR | MARQUEE RESOURCES | 0.00 | -87.23 | 0.06 | $2,564,657.00 |
MCT | METALICITY | 0.00 | -70.83 | 0.014 | $8,434,492.00 |
OMH | OM | 0.00 | 12.44 | 1.335 | $974,982,784.00 |
PMY | PACIFICO MINERALS | 0.00 | -50.00 | 0.005 | $6,585,751.50 |
PNN | PEPINNINI LITHIUM | 0.00 | -87.50 | 0.005 | $2,882,697.75 |
RMX | RED MOUNTAIN MINING | 0.00 | -50.00 | 0.006 | $4,668,220.50 |
RDS | REDSTONE RESOURCES | 0.00 | 38.53 | 0.015 | $7,535,429.00 |
RLC | REEDY LAGOON CORP | 0.00 | -87.50 | 0.006 | $2,413,630.25 |
RNU | RENASCOR RESOURCES | 0.00 | -60.47 | 0.017 | $19,608,214.00 |
RIE | RIEDEL RESOURCES | 0.00 | -83.16 | 0.016 | $6,689,115.00 |
SXX | SOUTHERN CROSS EXPLORATION | 0.00 | -14.29 | 0.006 | $6,461,059.00 |
SUH | SOUTHERN HEMISPHERE MINING | 0.00 | -70.48 | 0.031 | $2,742,553.50 |
SEI | SPECIALITY METALS INTERNATIONAL | 0.00 | -27.27 | 0.024 | $13,317,034.00 |
SRK | STRIKE RESOURCES | 0.00 | -29.23 | 0.046 | $6,685,376.50 |
THX | THUNDELARRA | 0.00 | -51.85 | 0.013 | $8,399,246.00 |
TNG | TNG | 0.00 | -29.03 | 0.115 | $101,164,080.00 |
VMS | VENTURE MINERALS | 0.00 | -40.00 | 0.021 | $10,932,852.00 |
VML | VITAL METALS | 0.00 | -11.11 | 0.009 | $15,683,502.00 |
MIN | MINERAL RESOURCES | -0.32 | -14.47 | 15.41 | $2,973,658,880.00 |
ARL | ARDEA RESOURCES | -0.94 | -63.41 | 0.525 | $55,119,968.00 |
CZI | CASSINI RESOURCES | -1.19 | 3.75 | 0.083 | $28,677,088.00 |
ORE | OROCOBRE | -1.83 | -54.92 | 3.22 | $870,904,896.00 |
OKR | OKAPI RESOURCES | -2.17 | -61.54 | 0.225 | $7,727,145.00 |
NMT | NEOMETALS | -2.27 | -43.20 | 0.22 | $114,234,600.00 |
POS | POSEIDON NICKEL | -2.50 | -18.75 | 0.041 | $103,065,368.00 |
SVM | SOVEREIGN METALS | -2.53 | -42.96 | 0.077 | $21,874,790.00 |
MTC | METALSTECH | -2.78 | -85.11 | 0.035 | $4,093,386.00 |
N27 | NORTHERN COBALT | -2.78 | -85.42 | 0.07 | $3,591,938.50 |
MXR | MAXIMUS RESOURCES | -2.86 | -40.87 | 0.068 | $2,270,476.25 |
TLG | TALGA RESOURCES | -2.86 | -51.43 | 0.35 | $74,185,504.00 |
COB | COBALT BLUE | -2.94 | -74.81 | 0.17 | $20,557,934.00 |
FGR | FIRST GRAPHENE | -3.03 | 10.34 | 0.16 | $68,257,032.00 |
MZZ | MATADOR MINING | -3.03 | -52.94 | 0.15 | $8,351,917.00 |
LKE | LAKE RESOURCES | -3.23 | -62.50 | 0.058 | $21,968,506.00 |
KOR | KORAB RESOURCES | -3.45 | 0.00 | 0.028 | $8,647,967.00 |
AGY | ARGOSY MINERALS | -3.57 | -60.87 | 0.135 | $124,672,040.00 |
HXG | HEXAGON RESOURCES | -3.57 | -41.30 | 0.135 | $39,390,760.00 |
AXE | ARCHER EXPLORATION | -3.90 | -32.73 | 0.074 | $14,739,581.00 |
ASN | ANSON RESOURCES | -4.35 | -69.30 | 0.066 | $32,693,914.00 |
LIT | LITHIUM AUSTRALIA | -4.35 | -53.68 | 0.09 | $42,216,672.00 |
BUX | BUXTON RESOURCES | -4.76 | -23.08 | 0.1 | $14,966,098.00 |
GXY | GALAXY RESOURCES | -4.81 | -38.13 | 1.995 | $815,048,064.00 |
BAR | BARRA RESOURCES | -5.26 | -33.33 | 0.035 | $19,400,066.00 |
NWC | NEW WORLD COBALT | -5.56 | -84.55 | 0.017 | $9,375,800.00 |
POW | PROTEAN ENERGY | -5.56 | -56.41 | 0.017 | $5,221,193.00 |
PM1 | PURE MINERALS | -5.56 | -10.53 | 0.017 | $5,344,444.00 |
GPX | GRAPHEX MINING | -5.56 | -46.88 | 0.175 | $15,594,610.00 |
CLQ | CLEAN TEQ | -5.75 | -70.61 | 0.405 | $305,993,664.00 |
CNJ | CONICO | -5.88 | -62.79 | 0.016 | $5,276,374.00 |
AUR | AURIS MINERALS | -6.25 | -40.00 | 0.045 | $12,260,440.00 |
SVD | SCANDIVANADIUM | -6.67 | -44.74 | 0.014 | $4,926,125.50 |
SCI | SILVER CITY MINERALS | -7.14 | -67.50 | 0.013 | $3,818,233.25 |
TAR | TARUGA MINERALS | -7.27 | -47.42 | 0.051 | $7,199,529.00 |
K | KIBARAN RESOURCES | -7.69 | -20.00 | 0.1225 | $34,460,120.00 |
RTR | RUMBLE RESOURCES | -8.16 | -13.46 | 0.045 | $16,066,274.00 |
E25 | ELEMENT 25 | -8.57 | -37.25 | 0.17 | $13,854,118.00 |
PSC | PROSPECT RESOURCES | -9.09 | -71.83 | 0.02 | $42,968,416.00 |
AVZ | AVZ MINERALS | -9.26 | -84.19 | 0.051 | $86,869,224.00 |
GED | GOLDEN DEEPS | -9.30 | -31.58 | 0.039 | $7,026,612.50 |
AJM | ALTURA MINING | -9.38 | -57.97 | 0.145 | $263,953,136.00 |
NVA | NOVA MINERALS | -9.52 | -53.66 | 0.019 | $13,970,415.00 |
CUL | CULLEN RESOURCES | -10.00 | -56.68 | 0.018 | $3,050,367.00 |
HGM | HIGH GRADE METALS | -10.00 | -86.36 | 0.009 | $3,623,503.00 |
AEE | AURA ENERGY | -10.53 | -22.73 | 0.017 | $18,550,138.00 |
PSM | PENINSULA MINES | -11.11 | -71.43 | 0.004 | $3,882,924.50 |
INR | IONEER | -12.50 | -60.00 | 0.14 | $221,247,520.00 |
TRT | TODD RIVER RESOURCES | -12.68 | -59.20 | 0.066 | $9,995,584.00 |
ZNC | ZENITH MINERALS | -12.68 | -67.37 | 0.062 | $12,978,490.00 |
AMD | ARROW MINERALS | -13.33 | -58.06 | 0.013 | $4,718,109.00 |
BPL | BROKEN HILL PROSPECTING | -13.33 | -60.61 | 0.026 | $4,288,618.50 |
NZC | NZURI COPPER | -13.64 | -43.28 | 0.19 | $57,701,572.00 |
ADN | ANDROMEDA METALS | -14.29 | -25.00 | 0.0065 | $6,506,533.50 |
SRN | SUREFIRE RESOURCES | -14.29 | -65.00 | 0.006 | $2,643,921.75 |
TKL | TRAKA RESOURCES | -15.79 | -75.38 | 0.016 | $5,301,136.50 |
DTM | DART MINING | -16.67 | -43.02 | 0.005 | $5,568,257.00 |
LRS | LATIN RESOURCES | -16.67 | -75.00 | 0.0025 | $7,082,787.50 |
LML | LINCOLN MINERALS | -16.67 | -85.71 | 0.006 | $3,449,902.00 |
MZN | MARINDI METALS | -16.67 | -58.33 | 0.005 | $9,923,794.00 |
MRR | MINREX RESOURCES | -16.67 | -79.17 | 0.019 | $1,917,554.50 |
BSX | BLACKSTONE MINERALS | -18.18 | -82.44 | 0.072 | $8,115,357.50 |
MEI | METEORIC RESOURCES | -18.18 | -82.35 | 0.009 | $5,744,557.50 |
VRC | VOLT RESOURCES | -20.83 | -42.42 | 0.019 | $26,198,606.00 |
TKM | TREK METALS | -22.22 | -76.67 | 0.007 | $2,498,429.00 |
MLS | METALS AUSTRALIA | -25.00 | -57.14 | 0.003 | $7,025,393.50 |
WCN | WHITE CLIFF MINERALS | -26.09 | -89.75 | 0.017 | $3,926,580.00 |
ENT | ENTERPRISE METALS | -27.27 | -46.67 | 0.008 | $4,268,690.50 |
SYR | SYRAH RESOURCES | -27.64 | -61.60 | 1.495 | $537,778,112.00 |
4CE | FORCE COMMODITIES | -28.57 | -89.69 | 0.011 | $5,086,990.50 |
SBR | SABRE RESOURCES | -28.57 | -77.27 | 0.005 | $2,441,841.75 |
CGM | COUGAR METALS | -33.33 | -77.78 | 0.002 | $1,955,605.38 |