High Voltage: What oversupply? Albemarle makes ‘impossible’ lithium projections
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 >>
US-based lithium major Albemarle admit they were wrong – and have upgraded their lithium demand projections to 1.2 million tonnes of lithium carbonate equivalent (LCE) by 2025.
To put in perspective, an estimated 270,000 tonnes of LCE was produced in 2018.
Check out how the company has consistently increased these projections every year:
It’s not just Albemarle that does this, of course. For years, battery metals miners and analysts have adjusted their demand projections regularly to the upside.
But 1.2 million tonnes of lithium by 2025 is tough, a near impossible target for lithium suppliers.
“A figure that supply will never be able to meet in time,” Benchmark Minerals Intelligence boss Simon Moores says. “The energy storage revolution is coming but will be delayed!”
And unlike its peers, Albemarle’s lithium prices actually increased in the December quarter by 4 per cent.
“Lithium contributed just over 50 per cent of our adjusted EBITDA, driven by 10 per cent volume growth and 9 per cent pricing compared to 2017,” Albemarle chief Luke Kissam says.
So battery metals investors are feeling pretty bullish at the moment.
Of the companies on our list, about 68 lost ground, 73 were ahead and 50 were steady this week.
Outr biggest winner last week was trailblazing lithium chemical company Lepidico (ASX:LPD), up almost 70 per cent to 3c.
Lepidico is testing a new process to make cheaper battery grade lithium hydroxide, which attracts a premium price, called LOH-Max.
Advanced lithium explorer Birimian (ASX:BGS) has a refreshed, development-ready management team and is up 20 per cent for the week.
Th explorer’s flagship Goulamina project is one of the world’s largest spodumene mineral resources at 103.2 million tonnes grading 1.34 per cent lithium.
“It’s such a good deposit that someone is going to develop this,” new managing director Chris Evans told Stockhead.
“If it’s not us, then someone else will.”
He would know – As Altura chief operating officer, Mr Evans was in charge of developing the Pilgangoora project into a world-class lithium operation.
Also up on no news were graphite minnow Peninsula Mines (ASX:PSM), up 25pc to 0.5c; vanadium explorer Venus Metals (ASX:VMC), up 19pc to 15.5c; and cobalt play Cazaly Resources (ASX:CAZ), up 19pc to 15.5c.
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 [Mar 01] | Market Cap |
---|---|---|---|---|---|
MTB | MOUNT BURGESS MINING | 33.3333 | -42.8571 | 0.004 | $1,807,517.63 |
AJM | ALTURA MINING | 28 | -56.7568 | 0.16 | $303,583,104.00 |
NZC | NZURI COPPER | 26 | -1.5625 | 0.32 | $93,210,232.00 |
GLN | GALAN LITHIUM | 25 | 257.1429 | 0.545 | $56,070,736.00 |
PMY | PACIFICO MINERALS | 25 | -28.5714 | 0.005 | $8,232,189.50 |
PNN | PEPINNINI LITHIUM | 25 | -84.375 | 0.004 | $3,603,372.25 |
ARL | ARDEA RESOURCES | 23.2558 | -61.4545 | 0.53 | $55,856,920.00 |
TKL | TRAKA RESOURCES | 23.0769 | -72.8814 | 0.016 | $5,301,136.50 |
HNR | HANNANS | 22.2222 | -50 | 0.01 | $21,867,500.00 |
LKE | LAKE RESOURCES | 18.5185 | -60 | 0.066 | $23,433,074.00 |
TLG | TALGA RESOURCES | 18.0723 | -40.6061 | 0.51 | $106,914,400.00 |
COB | COBALT BLUE HOLDINGS | 17.8571 | -75.7353 | 0.16 | $20,557,934.00 |
ADV | ARDIDEN | 16.6667 | -79.4118 | 0.0035 | $5,869,081.00 |
FCC | FIRST COBALT | 16.2162 | -81.6239 | 0.215 | $72,954,192.00 |
BGS | BIRIMIAN | 15.625 | -72.9927 | 0.185 | $48,934,372.00 |
IEC | INTRA ENERGY | 15.3846 | -16.6667 | 0.015 | $5,815,860.50 |
HXG | HEXAGON RESOURCES | 15.3846 | -23.0769 | 0.15 | $43,767,508.00 |
SYA | SAYONA MINING | 14.2857 | -61.9048 | 0.024 | $41,310,240.00 |
CDT | CASTLE MINERALS | 14.2857 | -70.3704 | 0.008 | $1,790,367.75 |
PAN | PANORAMIC RESOURCES | 13.9535 | 6.5217 | 0.47 | $242,318,704.00 |
ORE | OROCOBRE | 12.9412 | -41.2844 | 3.78 | $1,004,286,720.00 |
NMT | NEOMETALS | 11.9048 | -32.7441 | 0.24 | $127,833,952.00 |
PLL | PIEDMONT LITHIUM | 11.1111 | -33.3333 | 0.11 | $73,741,840.00 |
PGM | PLATINA RESOURCES | 10.4478 | -40.8 | 0.076 | $19,545,342.00 |
PSC | PROSPECT RESOURCES | 10 | -54.1667 | 0.022 | $45,014,528.00 |
THR | THOR MINING | 10 | -56.8627 | 0.022 | $15,771,812.00 |
CLQ | CLEAN TEQ HOLDINGS | 9.8361 | -71.2446 | 0.34 | $250,019,216.00 |
CUL | CULLEN RESOURCES | 8.3333 | -58.2887 | 0.013 | $2,203,042.75 |
MCT | METALICITY | 8.3333 | -63.8889 | 0.013 | $7,832,028.50 |
AXE | ARCHER EXPLORATION | 8.2192 | -24.7619 | 0.079 | $15,135,807.00 |
ERX | EXORE RESOURCES | 8.1081 | 48.1481 | 0.08 | $37,243,392.00 |
PLS | PILBARA MINERALS | 7.971 | -19.0217 | 0.7275 | $1,299,662,464.00 |
PM1 | PURE MINERALS | 7.1429 | -11.7647 | 0.015 | $4,715,686.00 |
IRC | INTERMIN RESOURCES | 7.1429 | -37.5 | 0.15 | $35,308,268.00 |
SO4 | SALT LAKE POTASH | 6 | 17.7778 | 0.53 | $109,323,408.00 |
KSN | KINGSTON RESOURCES | 5.5556 | -5 | 0.019 | $23,240,770.00 |
CNJ | CONICO | 5.5556 | -50 | 0.018 | $6,683,407.00 |
GXY | GALAXY RESOURCES | 5.2885 | -37.4286 | 2.14 | $892,477,632.00 |
BPL | BROKEN HILL PROSPECTING | 5.2632 | -71.0145 | 0.02 | $2,957,668.00 |
WKT | WALKABOUT RESOURCES | 4.7619 | 19.5652 | 0.11 | $33,467,472.00 |
KNL | KIBARAN RESOURCES | 4.7619 | -31.25 | 0.105 | $30,324,906.00 |
BUX | BUXTON RESOURCES | 4.5455 | 0 | 0.115 | $15,646,375.00 |
RTR | RUMBLE RESOURCES | 4.4444 | -20.339 | 0.047 | $16,780,330.00 |
TRT | TODD RIVER RESOURCES | 4.1667 | -41.1538 | 0.075 | $11,358,619.00 |
ARU | ARAFURA RESOURCES | 4.1667 | -52.8943 | 0.05 | $36,070,156.00 |
SVM | SOVEREIGN METALS | 3.8961 | -33.3333 | 0.08 | $28,181,894.00 |
BAT | BATTERY MINERALS | 3.8462 | -67.4699 | 0.027 | $30,069,132.00 |
CAZ | CAZALY RESOURCES | 3.5714 | -35.5556 | 0.029 | $6,751,752.50 |
CHN | CHALICE GOLD MINES | 3.4483 | 14.2857 | 0.155 | $39,985,220.00 |
SYR | SYRAH RESOURCES | 3.3962 | -59.9415 | 1.36 | $470,770,592.00 |
JMS | JUPITER MINES | 3.0303 | 383.352 | 0.34 | $666,056,960.00 |
RIO | RIO TINTO | 1.5524 | 27.4181 | 94.78 | $140,174,704,640.00 |
BEM | BLACKEARTH MINERALS | 1.4706 | -62.7027 | 0.066 | $4,670,122.00 |
KDR | KIDMAN RESOURCES | 1.4599 | -30.3258 | 1.36 | $562,668,416.00 |
INF | INFINITY LITHIUM | 1.25 | -44.1379 | 0.08 | $15,403,859.00 |
ASN | ANSON RESOURCES | 1.2195 | -55.1351 | 0.084 | $41,115,072.00 |
S32 | SOUTH32 | 1.0336 | 23.9987 | 3.935 | $19,751,245,824.00 |
DGR | DGR GLOBAL | 0 | 38.8889 | 0.125 | $76,647,736.00 |
TNO | TANDO RESOURCES | 0 | 32 | 0.11 | $21,322,080.00 |
VMC | VENUS METALS | 0 | 29.1667 | 0.155 | $14,029,777.00 |
HIG | HIGHLANDS PACIFIC | 0 | 25 | 0.1025 | $112,005,216.00 |
BOA | BOADICEA RESOURCES | 0 | 23.0769 | 0.16 | $8,455,228.00 |
SEI | SPECIALITY METALS INTERNATIONAL | 0 | -4.1667 | 0.024 | $12,762,158.00 |
POS | POSEIDON NICKEL | 0 | -4.878 | 0.038 | $103,065,368.00 |
GBE | GLOBE METALS AND MINING | 0 | -5.8824 | 0.016 | $7,454,758.00 |
VML | VITAL METALS | 0 | -12.5 | 0.007 | $12,198,279.00 |
ADN | ANDROMEDA METALS | 0 | -14.2857 | 0.006 | $8,132,995.50 |
EME | ENERGY METALS | 0 | -16 | 0.105 | $22,016,748.00 |
IDA | INDIANA RESOURCES | 0 | -16.4623 | 0.05 | $5,339,714.00 |
FGR | FIRST GRAPHENE | 0 | -20 | 0.14 | $57,915,060.00 |
CXO | CORE LITHIUM | 0 | -20.5882 | 0.055 | $37,501,200.00 |
CGN | CRATER GOLD MINING | 0 | -22.2222 | 0.014 | $25,431,294.00 |
MLS | METALS AUSTRALIA | 0 | -25 | 0.003 | $7,025,393.50 |
CMC | CHINA MAGNESIUM | 0 | -25.9259 | 0.02 | $8,248,771.00 |
ESR | ESTRELLA RESOURCES | 0 | -27.2727 | 0.016 | $7,870,132.50 |
SRK | STRIKE RESOURCES | 0 | -30 | 0.042 | $6,104,039.50 |
EMH | EUROPEAN METALS HLDS LT- | 0 | -35 | 0.32 | $47,658,724.00 |
DTM | DART MINING | 0 | -35.8974 | 0.005 | $4,640,214.00 |
AZI | ALTA ZINC | 0 | -37.5 | 0.005 | $6,844,828.50 |
KTA | KRAKATOA RESOURCES | 0 | -40 | 0.024 | $2,820,000.00 |
LI3 | LITHIUM CONSOLIDATED | 0 | -40 | 0.06 | $5,449,327.50 |
SXX | SOUTHERN CROSS EXPLORATION | 0 | -44.4444 | 0.005 | $5,384,216.00 |
DEV | DEVEX RESOURCES | 0 | -47.0444 | 0.043 | $3,953,426.50 |
AYR | ALLOY RESOURCES | 0 | -50 | 0.003 | $4,731,233.00 |
BDI | BLINA MINERALS | 0 | -50 | 0.001 | $4,363,882.50 |
RMX | RED MOUNTAIN MINING | 0 | -50 | 0.005 | $3,890,184.00 |
OKR | OKAPI RESOURCES | 0 | -50 | 0.195 | $6,868,573.50 |
GWR | GWR GROUP | 0 | -52.381 | 0.1 | $25,351,744.00 |
CZR | COZIRON RESOURCES | 0 | -52.381 | 0.01 | $17,855,512.00 |
BMT | BERKUT MINERALS | 0 | -53.3333 | 0.077 | $4,182,383.25 |
THX | THUNDELARRA | 0 | -54.1667 | 0.011 | $7,107,054.50 |
MZN | MARINDI METALS | 0 | -54.5455 | 0.005 | $9,923,794.00 |
ARM | AURORA MINERALS | 0 | -57.1429 | 0.015 | $1,756,999.25 |
AGY | ARGOSY MINERALS | 0 | -59.375 | 0.13 | $120,054,552.00 |
PSM | PENINSULA MINES | 0 | -60 | 0.005 | $4,314,360.50 |
SUH | SOUTHERN HEMISPHERE MINING | 0 | -63.5294 | 0.031 | $2,742,553.50 |
ZNC | ZENITH MINERALS | 0 | -63.8889 | 0.07 | $13,829,538.00 |
CAD | CAENEUS MINERALS | 0 | -66.6667 | 0.001 | $18,619,644.00 |
CZN | CORAZON MINING | 0 | -66.6667 | 0.005 | $6,326,416.50 |
KLH | KALIA | 0 | -70 | 0.003 | $7,543,042.00 |
SI6 | SIX SIGMA METALS | 0 | -73.3333 | 0.004 | $1,830,012.63 |
MEI | METEORIC RESOURCES | 0 | -81.6327 | 0.009 | $5,170,102.00 |
LRS | LATIN RESOURCES | 0 | -81.8182 | 0.002 | $5,818,230.00 |
MTC | METALSTECH | 0 | -83.871 | 0.026 | $2,923,847.25 |
MQR | MARQUEE RESOURCES LIMITED | 0 | -84.2667 | 0.059 | $2,521,912.75 |
NWC | NEW WORLD COBALT | 0 | -86.3636 | 0.015 | $8,272,764.50 |
4CE | FORCE COMMODITIES | 0 | -89.899 | 0.01 | $4,239,158.50 |
CZI | CASSINI RESOURCES | -1.087 | 16.6667 | 0.093 | $31,441,146.00 |
MXR | MAXIMUS RESOURCES | -1.2821 | -33.0435 | 0.077 | $2,331,022.25 |
TAR | TARUGA MINERALS | -1.5385 | -48.8 | 0.064 | $9,034,703.00 |
AML | AEON METALS | -1.6949 | 18.3673 | 0.29 | $170,366,224.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES L | -1.7241 | -27.8481 | 0.29 | $174,173,760.00 |
VXR | VENTUREX RESOURCES | -2 | 2.0833 | 0.245 | $63,363,440.00 |
AVZ | AVZ MINERALS | -2.2222 | -82.7451 | 0.042 | $83,092,304.00 |
BYH | BRYAH RESOURCES | -2.5 | -42.2222 | 0.078 | $4,746,309.50 |
ORN | ORION MINERALS | -3.125 | -31.1111 | 0.031 | $58,085,740.00 |
HAV | HAVILAH RESOURCES | -3.2258 | -44.4444 | 0.15 | $32,737,358.00 |
AUR | AURIS MINERALS | -3.2258 | -48.2759 | 0.03 | $12,260,440.00 |
KOR | KORAB RESOURCES | -3.3333 | 0 | 0.027 | $8,956,823.00 |
MLM | METALLICA MINERALS | -3.4483 | -47.1698 | 0.028 | $9,056,527.00 |
GPX | GRAPHEX MINING | -4 | -25 | 0.245 | $20,956,830.00 |
HMX | HAMMER METALS | -4 | -52 | 0.025 | $7,543,130.00 |
LPI | LITHIUM POWER INTERNATIONAL | -4.2553 | -46.4286 | 0.23 | $59,065,628.00 |
VRC | VOLT RESOURCES | -4.3478 | -37.1429 | 0.022 | $32,020,520.00 |
EUC | EUROPEAN COBALT | -4.3478 | -79.0476 | 0.022 | $16,757,341.00 |
OMH | OM HOLDINGS | -4.3796 | -8.6621 | 1.31 | $967,596,544.00 |
DEG | DE GREY MINING | -4.5455 | -19.2308 | 0.105 | $44,431,360.00 |
GME | GME RESOURCES | -4.5977 | -40.3614 | 0.083 | $40,017,640.00 |
MZZ | MATADOR MINING LIMITED | -4.7619 | -27.2727 | 0.2 | $10,776,667.00 |
LIT | LITHIUM AUSTRALIA | -4.878 | -51.25 | 0.078 | $36,371,864.00 |
EUR | EUROPEAN LITHIUM | -5.3191 | -64.4 | 0.09 | $48,943,016.00 |
JRV | JERVOIS MINING | -5.6604 | -56.5217 | 0.25 | $55,815,748.00 |
BAR | BARRA RESOURCES | -5.7143 | -28.2609 | 0.033 | $17,783,394.00 |
INR | IONEER | -5.7143 | -63.3333 | 0.175 | $243,372,272.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | -5.7692 | -24.6154 | 0.255 | $21,450,770.00 |
LCD | LATITUDE CONSOLIDATED | -5.8824 | -48.3871 | 0.016 | $4,402,864.00 |
MRR | MINREX RESOURCES | -5.8824 | -79.2208 | 0.016 | $1,534,043.63 |
AOU | AUROCH MINERALS | -6.1538 | -44.5455 | 0.061 | $6,130,716.00 |
RDS | REDSTONE RESOURCES | -6.25 | 29.8701 | 0.015 | $7,064,464.50 |
AEE | AURA ENERGY | -6.25 | -31.8182 | 0.015 | $16,749,332.00 |
ANW | AUS TIN MINING | -6.25 | -42.3077 | 0.015 | $29,822,562.00 |
BDC | BARDOC GOLD | -6.25 | -57.1429 | 0.044 | $41,206,308.00 |
LPD | LEPIDICO | -7.1429 | -46.9388 | 0.025 | $87,260,552.00 |
SVD | SCANDIVANADIUM | -7.6923 | -52.6316 | 0.012 | $4,222,393.00 |
CLA | CELSIUS RESOURCES | -7.8431 | -55.2381 | 0.047 | $35,589,248.00 |
TNG | TNG | -8 | -40.6452 | 0.093 | $88,639,008.00 |
AVL | AUSTRALIAN VANADIUM | -8 | -41.0256 | 0.023 | $45,398,408.00 |
AUZ | AUSTRALIAN MINES | -8.1081 | -67.619 | 0.034 | $96,013,752.00 |
BSX | BLACKSTONE MINERALS | -8.1633 | -79.5455 | 0.097 | $9,738,429.00 |
A4N | ALPHA HPA | -8.3333 | -31.25 | 0.12 | $62,381,000.00 |
ENT | ENTERPRISE METALS | -8.3333 | -45 | 0.011 | $4,268,690.50 |
AMD | ARROW MINERALS | -8.3333 | -68.5714 | 0.011 | $3,459,946.75 |
BKT | BLACK ROCK MINING | -8.5366 | 41.5094 | 0.076 | $40,387,852.00 |
LTR | LIONTOWN RESOURCES | -9.0909 | -50.8292 | 0.02 | $22,679,750.00 |
SGQ | ST GEORGE MINING | -9.6774 | -36.3636 | 0.145 | $41,736,268.00 |
GED | GOLDEN DEEPS | -10 | -23.4043 | 0.036 | $6,169,708.50 |
FEL | FE | -10 | -65.3846 | 0.018 | $6,725,303.50 |
NXE | NEW ENERGY MINERALS | -10 | -88.75 | 0.026 | $4,074,177.00 |
MIN | MINERAL RESOURCES | -10.6295 | -18.745 | 15.05 | $2,828,923,136.00 |
TON | TRITON MINERALS | -10.8696 | -56.8421 | 0.042 | $38,012,656.00 |
NVA | NOVA MINERALS | -11.1111 | -40.7407 | 0.016 | $12,418,146.00 |
RNU | RENASCOR RESOURCES | -11.1111 | -52.9412 | 0.016 | $18,454,790.00 |
N27 | NORTHERN COBALT | -11.1111 | -91.2088 | 0.04 | $2,052,536.25 |
PIO | PIONEER RESOURCES | -11.7647 | -40 | 0.016 | $22,561,682.00 |
PUR | PURSUIT MINERALS | -11.7647 | -73.913 | 0.03 | $5,355,820.00 |
ARE | ARGONAUT RESOURCES | -12 | -8.3333 | 0.02 | $34,196,372.00 |
VMS | VENTURE MINERALS | -12 | -33.3333 | 0.022 | $11,453,464.00 |
WCN | WHITE CLIFF MINERALS | -12.5 | -94.3704 | 0.007 | $2,078,777.63 |
CRL | COMET RESOURCES | -12.8205 | -60 | 0.035 | $7,886,300.00 |
CHK | COHIBA MINERALS | -13.3333 | 30 | 0.013 | $8,639,985.00 |
E25 | ELEMENT 25 | -13.8889 | -48.3333 | 0.155 | $13,014,474.00 |
AUT | AUTECO MINERALS | -14.2857 | 20 | 0.006 | $5,414,788.00 |
BSM | BASS METALS | -14.2857 | -42.8571 | 0.012 | $33,137,350.00 |
POW | PROTEAN ENERGY | -14.2857 | -62.5 | 0.011 | $3,737,247.00 |
TKM | TREK METALS | -14.2857 | -76.9231 | 0.006 | $1,873,821.63 |
LML | LINCOLN MINERALS | -14.2857 | -82.3529 | 0.006 | $3,449,902.00 |
MTH | MITHRIL RESOURCES | -14.2857 | -85.5738 | 0.006 | $2,534,335.25 |
KAI | KAIROS MINERALS | -15 | -56.4103 | 0.017 | $14,488,638.00 |
SBR | SABRE RESOURCES | -16.6667 | -70.5882 | 0.005 | $2,034,868.00 |
SCI | SILVER CITY MINERALS | -16.6667 | -78.2609 | 0.01 | $2,937,102.50 |
GPP | GREENPOWER ENERGY | -16.6667 | -83.3333 | 0.0025 | $3,913,426.00 |
RIE | RIEDEL RESOURCES | -16.6667 | -87.5 | 0.01 | $4,180,697.00 |
RLC | REEDY LAGOON | -16.6667 | -89.3617 | 0.005 | $2,011,358.50 |
BAU | BAUXITE RESOURCES | -17.8082 | -1.6393 | 0.06 | $12,865,340.00 |
HWK | HAWKSTONE MINING | -18.1818 | -28 | 0.018 | $10,265,724.00 |
CGM | COUGAR METALS | -25 | -81.25 | 0.002 | $1,466,704.00 |
SRN | SUREFIRE RESOURCES | -25 | -82.5 | 0.003 | $1,321,960.88 |
DHR | DARK HORSE RESOURCES | -25 | -84.2105 | 0.003 | $5,928,260.00 |
OAR | OAKDALERESOURCES | -34.7826 | -57.1429 | 0.015 | $1,006,315.25 |
HGM | HIGH GRADE METALS | -41.6667 | -89.3939 | 0.007 | $3,170,565.00 |
WML | WOOMERA MINING | -45 | -96.7 | 0.038 | $3,719,246.25 |