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 >>

INDUSTRY FOCUS

Following in Tesla’s footsteps, German car giant Volkswagen has said it now wants to build a lithium-ion battery megafactory.

Volkswagen is now “publicly warming to the idea of their own captive lithium ion battery supply”, battery metal price analyst Benchmark Mineral Intelligence said.

“The sheer scale and speed of its pure EV plans – vehicles that are 100 per cent battery powered – means it is likely battery producers will not be able to keep pace with the world’s leading auto producer.

“Another critical point is that VW will need tier one lithium ion battery suppliers. The auto industry has struggled to secure the necessary volumes of tier one cells from the highest quality production needed for the unforgiving demands of an electric vehicle.”

VW announced last week it had inked an MoU to secure long-term lithium supplies from China’s Ganfeng.

The carmaker plans to launch more than 70 new EV models in the next 10 years, which equates to about a quarter of the vehicles VW will make and deliver by 2025.

Dr Stefan Sommer, group board member for components and procurement at VW, said this means there will be a “rapid increase” in the company’s raw material demand for cell production in the coming years.

“We must make sure we cover this demand at an early stage. Long-term agreements like the one for lithium, a key raw material, that we have just concluded with Ganfeng are therefore of crucial strategic significance for implementing our electric offensive.”

VW has upped its target from 15 million EVs to more than 22 million EVs in the next decade.

Benchmark says that to meet its new target VW will require significant battery cell production – about 1,500 gigawatt hours of battery cells.

Meanwhile, American car giant Tesla is speeding up works at its gigafactory in China, which is expected to be operational by the end of this year.

But Benchmark isn’t expecting lithium-ion battery production to start for at least another 18 months to two years and Tesla is still seeking a battery partner for the facility.

Tesla’s new Model Y EV will be built in the factory in Shanghai.

SMALL CAP SPOTLIGHT

Of the battery metals players on our list, 83 advanced this week, 49 remained steady, 61 lost ground and one remained suspended.

Cougar Metals (ASX:CGM) is the top mover for the week with a doubling of its share price to 0.1c, but on no news.

The company has a lithium project in Brazil and nickel and cobalt project in Western Australia.

In late March, Cougar Metals decided not to go ahead with a deal to earn an interest in a cobalt project in Chile because of the recent decline in the cobalt price.

Canada’s First Cobalt (ASX:FCC) raised $1.6m last week to fund work on its cobalt refinery in Ontario.

The company is investigating a potential restart of the 2,000-tonne-per-annum refinery.

Its share price rose 25 per cent over the course of the week to 20c on Monday.

At the other end of the scale, Metals Australia (ASX:MLS) lost the most ground with an over 33 per cent slide to 0.2c.

Last week the company started its first diamond drilling program at the Lac Rainy graphite site in Canada.

Taruga Minerals (ASX:TAR) dipped nearly 30 per cent to 5c over the past week.

The cobalt explorer is facing delays in securing a new licence for its projects in the Democratic Republic of the Congo (DRC) due to the recent election.

Taruga said there had been no recent high-level government appointments… besides that of the President in the December election.

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.

ASX Code Company Market Cap Price Intra-day April 8 1-Week % Change 1-Year % Change
CFE CAPE LAMBERT RESOURCES (SUSPENDED) 16214425 0.016
CGM COUGAR METALS 2130944.25 0.002 100 -85.7143
IEC INTRA ENERGY CORP 9693101 0.034 56.25 257.1429
DHR DARK HORSE RESOURCES 11856520 0.007 50 -33.3333
ENT ENTERPRISE METALS 4656753 0.012 50 -53.8462
SCI SILVER CITY MINERALS 3230812.75 0.012 37.5 -65.625
EUC EUROPEAN COBALT 20565828 0.024 35 -88.9796
AZI ALTA ZINC 5475863 0.003 33.3333 -68.6411
CMC CHINA MAGNESIUM CORP 18497542 0.04 33.3333 60
LI3 LITHIUM CONSOLIDATED 9082212 0.1 28.2051 -55.5556
MZZ MATADOR MINING LIMITED 13470834 0.275 28.2051 -3.8462
GLN GALAN LITHIUM 36756640 0.325 27.451 364.2857
SYR SYRAH RESOURCES 466525440 1.3225 27.23 -63.079
FCC FIRST COBALT CORP-CDI 67928616 0.2 25
KTA KRAKATOA RESOURCES 2937500 0.025 25 -44.4444
SBR SABRE RESOURCES 2034868 0.0045 25 -50
ARU ARAFURA RESOURCES 46891204 0.065 22.6415 -32.6389
OAR OAKDALERESOURCES 3542041.25 0.017 21.4286 -60.4651
WKT WALKABOUT RESOURCES 53243704 0.18 20.6897 103.4884
KLH KALIA 7543042 0.003 20 -78.5714
JRL JINDALEE RESOURCES 10848380 0.31 19.2308 29.1667
GPX GRAPHEX MINING 21830030 0.24 19.0476 -10.7143
SVD SCANDIVANADIUM 4574259.5 0.013 18.1818 -48.6842
PSC PROSPECT RESOURCES 40922300 0.02 17.647 -62.963
RTR RUMBLE RESOURCES 21958560 0.063 17.3077 -24.6914
AUT AUTECO MINERALS 6317252.5 0.006 16.6667 -12.5
POW PROTEAN ENERGY 4360121.5 0.013 16.6667 -53.3333
TKM TREK METALS 2186125.25 0.007 16.6667 -80.5556
MXR MAXIMUS RESOURCES 2361295.25 0.085 16.4179 -66.087
SEI SPECIALITY METALS INTERNATIO 16091416 0.029 16 93.3333
ORE OROCOBRE 970287424 3.86 15.2174 -37.7033
OKR OKAPI RESOURCES 6696859 0.195 14.7059 -52.439
PLL PIEDMONT LITHIUM 83797544 0.13 13.6364 -41.8605
LKE LAKE RESOURCES 21651632 0.059 13.4615 -68.9474
SYA SAYONA MINING 29261420 0.017 13.3333 -43.3333
AUZ AUSTRALIAN MINES 80901392 0.026 12.5 -80
HMX HAMMER METALS 8486021 0.026 12.5 -30.7692
LPD LEPIDICO 97329080 0.029 11.5385 -19.4444
KAI KAIROS MINERALS 17045456 0.02 11.1111 -83.3333
JRV JERVOIS MINING 59164692 0.255 10.4167 -45.9184
CZR COZIRON RESOURCES 19641064 0.011 10 -65.625
EMH EUROPEAN METALS HLDS LT-CDI 48391936 0.34 10 -59.7561
MNS MAGNIS ENERGY TECHNOLOGIES L 171118080 0.27 9.8039 -42.268
AMD ARROW MINERALS 3774487.25 0.012 9.0909 -83.3333
ERX EXORE RESOURCES 40967728 0.092 8.642 29.4118
MIN MINERAL RESOURCES 3127792896 16.855 8.2628 -7.5556
CZI CASSINI RESOURCES 36278244 0.105 8.2474 8.2474
TON TRITON MINERALS 40794068 0.043 7.3171 -39.4495
AXE ARCHER EXPLORATION 14401393 0.073 7.1429 -53.125
ARM AURORA MINERALS 1756999.25 0.015 7.1429 -61.5385
COB COBALT BLUE HOLDINGS 18689030 0.145 7.1429 -47.3684
ESR ESTRELLA RESOURCES 7955749.5 0.014 7.1429 -46.4286
PIO PIONEER RESOURCES 22611378 0.015 7.1429 -60.5263
PM1 PURE MINERALS 4715686 0.014 7.1429 -40
CNJ CONICO 5628132 0.015 6.6667 -65.2174
VML VITAL METALS 13940890 0.007 6.6667 14.2857
BAR BARRA RESOURCES 17783394 0.031 6.4516 -44.0678
ARE ARGONAUT RESOURCES 26424470 0.017 6.25 -32
GED GOLDEN DEEPS 5998327.5 0.039 6.0606 -18.6047
RNU RENASCOR RESOURCES 20761638 0.018 5.8823 -48.5714
WML WOOMERA MINING 4170064 0.037 5.7143 -96.3
KSN KINGSTON RESOURCES 24463968 0.02 5.2632 0
PAN PANORAMIC RESOURCES 205925200 0.41 5.1948 -10.2394
GXY GALAXY RESOURCES 788558976 1.9425 5.163 -50.2571
AVZ AVZ MINERALS 93611136 0.042 5.1282 -85.3571
ZNC ZENITH MINERALS 13404014 0.063 5 -59.3548
RIO RIO TINTO 145184358400 101.01 4.9144 36.9568
LTR LIONTOWN RESOURCES 33237274 0.022 4.7619 -3.5826
VMS VENTURE MINERALS 11453464 0.022 4.7619 -24.1379
VRC VOLT RESOURCES 32020520 0.021 4.7619 0
BSM BASS METALS 33670496 0.012 4.3478 -36.8421
PLS PILBARA MINERALS 1349346048 0.735 4.2857 -28.7805
AML AEON METALS 168267424 0.235 4.1667 6.383
S32 SOUTH32 19245301760 3.88 3.8043 13.6905
HXG HEXAGON RESOURCES 42308592 0.145 3.5714 -21.6216
AUR AURIS MINERALS 12260440 0.028 3.4483 -55.2239
FGR FIRST GRAPHENE 72393824 0.18 2.9412 66.6667
CLA CELSIUS RESOURCES 13629925 0.017 2.8571 -78.8235
KOR KORAB RESOURCES 12354239 0.04 2.5641 33.3333
KDR KIDMAN RESOURCES 497900800 1.295 2.5 -25
POS POSEIDON NICKEL 110993480 0.042 2.439 -8.6957
NMT NEOMETALS 125114080 0.225 2.2222 -52.5773
CXO CORE LITHIUM 38195668 0.056 1.8518 -15.3846
BKT BLACK ROCK MINING 38646356 0.067 1.5385 6.4516
AYR ALLOY RESOURCES 4731233 0.003 0 -70
AJM ALTURA MINING 276310112 0.13 0 -70.1149
ADN ANDROMEDA METALS 6777496 0.0055 0 -54.5454
ASN ANSON RESOURCES 34387000 0.072 0 -55.4839
ARL ARDEA RESOURCES 48826896 0.46 0 -76.8844
ADV ARDIDEN 5869081 0.0035 0 -79.4118
AEE AURA ENERGY 13563715 0.012 0 -52
ANW AUS TIN MINING 27834390 0.014 0 55.5556
AVL AUSTRALIAN VANADIUM 39476876 0.021 0 5.2632
BEM BLACKEARTH MINERALS 5854761.5 0.07 0
BDI BLINA MINERALS 4543882.5 0.001 0 -50
BOA BOADICEA RESOURCES 10569034 0.205 0 42.8571
BYH BRYAH RESOURCES 4076958 0.067 0 -64.7368
CAD CAENEUS MINERALS 18619644 0.001 0 -66.6667
CDT CASTLE MINERALS 1566571.875 0.007 0 -86.5385
CLQ CLEAN TEQ HOLDINGS 223897808 0.33 0 -81.0127
CHK COHIBA MINERALS 7975371 0.011 0 50
CGN CRATER GOLD MINING 14729950 0.013 0 -7.6923
DTM DART MINING 5568257 0.006 0 -12.0879
DGR DGR GLOBAL 85845464 0.135 0 40
4CE FORCE COMMODITIES 4245158.5 0.009 0 -83.0508
GPP GREENPOWER ENERGY 4696111 0.003 0 -86.3636
HNR HANNANS 19879546 0.011 0 -47.3684
HGM HIGH GRADE METALS 3623503 0.008 0 -75
HIG HIGHLANDS PACIFIC 114737056 0.1075 0 -4.5455
INF INFINITY LITHIUM CORP 15403859 0.083 0 -59.5
K KIBARAN RESOURCES 29602752 0.105 0 -36.3636
LCD LATITUDE CONSOLIDATED 4402864 0.016 0 -42.8571
MLM METALLICA MINERALS 7439290.5 0.022 0 -55.7692
MTC METALSTECH 2339077.75 0.02 0 -93.6508
MEI METEORIC RESOURCES 7997469 0.0125 0 -83.5616
MRR MINREX RESOURCES 1150532.75 0.012 0 -88.5714
MTB MOUNT BURGESS MINING 1355638.125 0.003 0 -66.6667
NWC NEW WORLD COBALT 6066694 0.012 0 -92.4138
NZC NZURI COPPER 90251176 0.31 0 45.2381
ORN ORION MINERALS 56212004 0.03 0 0
PMY PACIFICO MINERALS 9878628 0.006 0 -14.2857
PSM PENINSULA MINES 3451488.25 0.004 0 -80.9524
PNN PEPINNINI LITHIUM 2456023.25 0.003 0 -91.7105
PGM PLATINA RESOURCES 16904080 0.067 0 -73.3333
RMX RED MOUNTAIN MINING 3890184 0.0055 0 -79.1667
SI6 SIX SIGMA METALS 1372509.5 0.003 0 -75
SUH SOUTHERN HEMISPHERE MINING 2919492.5 0.033 0 -79.375
SRN SUREFIRE RESOURCES 1321960.875 0.003 0 -82.5
TNO TANDO RESOURCES 19383708 0.1 0 12.6829
TRT TODD RIVER RESOURCES 11207170 0.074 0 -34.3652
TKL TRAKA RESOURCES 4638494.5 0.014 0 -70.8333
VMC VENUS METALS CORP 15489497 0.17 0 36
WCN WHITE CLIFF MINERALS 2822081.25 0.006 0 -93.5661
SO4 SALT LAKE POTASH 118605584 0.58 -0.8621 8.4906
LIT LITHIUM AUSTRALIA 37770780 0.081 -1.2195 -66.9388
BSX BLACKSTONE MINERALS 8864177 0.078 -1.25 -83.8776
AOU AUROCH MINERALS 6030212.5 0.06 -1.6393 -73.913
AML ASTON MARTIN LAGONDA GLOBAL 2315141376 1015.4 -1.6657
OMH OM HOLDINGS 908506688 1.245 -1.992 151.0204
AGY ARGOSY MINERALS 96377704 0.093 -2.0619 -58.5724
GWR GWR GROUP 24084156 0.095 -2.0619 2.1505
DEG DE GREY MINING 39776644 0.094 -2.0833 -74.2466
LPI LITHIUM POWER INTERNATIONAL 52502780 0.21 -2.439 -68.75
E25 ELEMENT 25 14693761 0.17 -2.7778 -35.1852
INR IONEER 250747200 0.1725 -2.8571 -19.0476
BGS BIRIMIAN 40999068 0.16 -3.125 -60.7595
CRL COMET RESOURCES 6958500 0.03 -3.2258 -63.8554
HAV HAVILAH RESOURCES 30554868 0.145 -3.4483 -39.1304
CAZ CAZALY RESOURCES 6283657.5 0.024 -4 -40
IRC INTERMIN RESOURCES 28246616 0.13 -4 -7.6923
EME ENERGY METALS 24113580 0.115 -4.1667 21.0526
IDA INDIANA RESOURCES 4875764.5 0.046 -4.1667 -44.6419
VXR VENTUREX RESOURCES 60148968 0.245 -4.4444 -40.2778
A4N ALPHA HPA 59545500 0.11 -4.5455 8.2812
HWK HAWKSTONE MINING 9695406 0.017 -5.5555 -32
TNG TNG 81894736 0.085 -5.5556 -45.1613
JMS JUPITER MINES 646467072 0.335 -5.7143 307.4074
FEL FE 5773169.5 0.016 -6.25 -28.5714
SGQ ST GEORGE MINING 44717432 0.15 -6.25 25
SVM SOVEREIGN METALS 31616084 0.076 -6.383 -26.6667
BDC BARDOC GOLD 46444052 0.042 -6.6667 -66.0571
BMT BERKUT MINERALS 7604333 0.145 -6.6667 -59.4203
NVA NOVA MINERALS 10837878 0.015 -6.6667 -12.5
NXE NEW ENERGY MINERALS 4074177 0.027 -6.8965 -93.1933
CUL CULLEN RESOURCES 2203042.75 0.013 -7.1429 -58.2887
N27 NORTHERN COBALT 3497871.5 0.065 -7.1429 -87.5
RDS REDSTONE RESOURCES 5687571.5 0.012 -7.6923 -10.9462
TLG TALGA RESOURCES 131073872 0.595 -7.6923 12.1495
BAU BAUXITE RESOURCES 11793228 0.056 -8.3333 -30.3798
BUX BUXTON RESOURCES 14285820 0.105 -8.6957 5
BAT BATTERY MINERALS 31182804 0.026 -9.6774 -63.6364
BPL BROKEN HILL PROSPECTING 2661901.25 0.019 -10 -66.0377
RIE RIEDEL RESOURCES 3762627.25 0.009 -10 -85.4839
MQR MARQUEE RESOURCES LIMITED 1838004.25 0.043 -10.4167 -82.8
TMT TECHNOLOGY METALS AUSTRALIA 18386376 0.195 -10.6383 -10.6383
EUR EUROPEAN LITHIUM 67630480 0.105 -11.1111 126.4151
MZN MARINDI METALS 7939035.5 0.005 -11.1111 -63.2323
SRK STRIKE RESOURCES 10900070 0.077 -11.7647 56.25
THR THOR MINING PLC-CDI 12254390 0.015 -11.7647 -46.4286
CZN CORAZON MINING 4428491.5 0.004 -12.5 -82.5
GBE GLOBE METALS AND MINING 6522913 0.014 -12.5 -12.5
PUR PURSUIT MINERALS 3749074 0.022 -12.5 -83.2
LML LINCOLN MINERALS 3449902 0.006 -14.2857 -85
MTH MITHRIL RESOURCES 2534335.25 0.006 -14.2857 -78.3606
CHN CHALICE GOLD MINES 34653856 0.13 -16.129 -36.5854
MCT METALICITY 6024637.5 0.01 -16.6667 -73.6842
SXX SOUTHERN CROSS EXPLORATION 5384216 0.005 -16.6667 -37.5
OAU ORA GOLD 5168767 0.007 -20 -63.6364
RLC REEDY LAGOON CORP 1609086.875 0.004 -20 -87.0613
DEV DEVEX RESOURCES 3493725.75 0.046 -20.8333 -71.0953
GME GME RESOURCES 28446274 0.059 -21.3333 -66.085
LRS LATIN RESOURCES 4895630 0.0015 -25 -81.25
TAR TARUGA MINERALS 6352525.5 0.05 -29.6875 -48.2759
MLS METALS AUSTRALIA 5383595.5 0.002 -33.3333 -50
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