• Ford invests a further £149m on expanding production of electric vehicle components
  • The move comes as the carmakers combustion engine factory in Liverpool accelerates electric transition 
  • Charger Metals kicks off spodumene-pegmatite drilling at Lake Johnston

All your lithium news, Friday December.

 

Building on its commitment to grow an all-electric vehicle range, Ford has invested a further £149mn on expanding production of electric vehicle components at the car makers factory in Liverpool.

The boost increases electric drive unit production capacity at the Halewood plant by 70pc to 420,000 units a year, from 250,000 units, starting in 2024.

It also brings Ford’s total investment to almost £380 million as the plant, which currently produces transmissions for internal combustion engine vehicles, undergoes a transition to production of EV parts.

 

“The latest investment will help safeguard the 500 high-value Ford jobs at Halewood and upskill them for Ford’s EV future,” the company said on Thursday.

“Our vision in Europe is to build a thriving business, by extending leadership in commercial vehicles and through the electrification of our car range,” Ford’s European industrial operations vice-president Kieran Cahill says.

“Halewood is playing a critical part as our first in-house investment in EV component manufacturing in Europe.”

Ford’s EV push in Europe supports the acceleration of the company’s global plan for a two million annual production of EVs in the same 2026 time frame.

 

Here’s how ASX lithium companies are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
ADV Ardiden Ltd 0.009 13% $21,346,683
AGY Argosy Minerals Ltd 0.67 0% $940,953,024
1MC Morella Corporation 0.018 0% $104,428,004
AML Aeon Metals Ltd. 0.03 7% $30,699,217
ASN Anson Resources Ltd 0.23 -2% $276,335,090
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
CXO Core Lithium 1.3675 2% $2,463,348,021
EMH European Metals Hldg 0.755 1% $89,309,462
ESS Essential Metals Ltd 0.425 0% $110,059,670
EUR European Lithium Ltd 0.083 0% $120,286,852
GLN Galan Lithium Ltd 1.43 -1% $441,626,327
INF Infinity Lithium 0.175 -3% $81,361,344
INR Ioneer Ltd 0.6025 0% $1,259,002,960
JRL Jindalee Resources 2.16 -2% $126,233,725
LIT Lithium Australia 0.05 0% $61,059,584
LKE Lake Resources 1.03 2% $1,398,255,203
LPD Lepidico Ltd 0.016 0% $122,204,340
LPI Lithium Pwr Int Ltd 0.5375 2% $205,380,591
LTR Liontown Resources 2.08 3% $4,436,799,407
MIN Mineral Resources. 89.78 1% $16,934,096,169
MLS Metals Australia 0.045 0% $27,316,629
AKE Allkem Limited 14.365 2% $8,959,096,108
PLL Piedmont Lithium Inc 0.82 -1% $437,883,764
PLS Pilbara Min Ltd 4.82 1% $14,254,444,022
QPM Queensland Pacific 0.1275 -2% $227,025,230
PSC Prospect Res Ltd 0.16 3% $71,650,217
RLC Reedy Lagoon Corp. 0.013 0% $7,246,550
SYA Sayona Mining Ltd 0.2325 1% $1,997,327,253
TKL Traka Resources 0.006 0% $4,132,647
TON Triton Min Ltd 0.033 18% $38,717,957
VUL Vulcan Energy 7.29 -2% $1,063,547,933
GL1 Globallith 2.35 1% $493,459,954
BMM Balkanminingandmin 0.29 0% $12,473,119
LEL Lithenergy 0.975 7% $55,037,250
ARN Aldoro Resources 0.29 -5% $34,308,632
NMT Neometals Ltd 1.04 2% $563,796,000
IGO IGO Limited 16.24 1% $12,123,857,686
CHR Charger Metals 0.57 6% $23,547,259
AAJ Aruma Resources Ltd 0.073 3% $11,144,267
PAM Pan Asia Metals 0.435 -3% $66,085,016
AX8 Accelerate Resources 0.029 0% $9,019,804
AM7 Arcadia Minerals 0.255 -5% $12,491,686
AS2 Askarimetalslimited 0.395 0% $19,488,953
BYH Bryah Resources Ltd 0.028 0% $7,875,097
DTM Dart Mining NL 0.065 0% $10,091,910
EMS Eastern Metals 0.098 0% $3,828,312
FG1 Flynngold 0.11 0% $7,046,716
FRS Forrestaniaresources 0.145 -9% $8,067,171
GSM Golden State Mining 0.048 -11% $6,318,767
IMI Infinitymining 0.37 3% $23,057,395
LRV Larvottoresources 0.185 0% $9,232,518
MMC Mitremining 0.25 -4% $7,042,126
RAG Ragnar Metals Ltd 0.018 6% $6,446,143
CTN Catalina Resources 0.009 6% $10,527,139
TMB Tambourahmetals 0.14 0% $5,766,964
TEM Tempest Minerals 0.027 0% $13,628,687
TSCDA Twenty Seven Co. Ltd 0.078 3% $8,088,874
WCN White Cliff Min Ltd 0.016 0% $11,961,654
WML Woomera Mining Ltd 0.015 0% $14,093,764
AZL Arizona Lithium Ltd 0.071 -4% $178,334,492
CRR Critical Resources 0.052 -4% $80,650,169
KGD Kula Gold Limited 0.032 -3% $11,919,993
LRS Latin Resources Ltd 0.14 8% $262,121,048
PNN Power Minerals Ltd 0.615 -1% $44,737,643
WR1 Winsome Resources 1.25 14% $153,111,223
KZR Kalamazoo Resources 0.22 7% $30,507,972
MTM Mtmongerresources 0.1 0% $4,825,479
QXR Qx Resources Limited 0.056 0% $49,384,290
SCN Scorpion Minerals 0.072 -3% $24,694,258
AZI Altamin Limited 0.085 -11% $37,213,091
ENT Enterprise Metals 0.009 13% $5,223,846
KAI Kairos Minerals Ltd 0.029 4% $54,994,618
STM Sunstone Metals Ltd 0.037 3% $94,336,071
PGD Peregrine Gold 0.435 -2% $17,244,591
AVW Avira Resources Ltd 0.0035 17% $6,401,370
NVA Nova Minerals Ltd 0.74 5% $147,811,197
GT1 Greentechnology 1 -1% $193,599,469
BNR Bulletin Res Ltd 0.11 -4% $33,647,977
RMX Red Mount Min Ltd 0.005 0% $8,211,819
CAI Calidus Resources 0.3525 2% $151,034,688
MRR Minrex Resources Ltd 0.041 -5% $46,592,293
RDT Red Dirt Metals Ltd 0.525 1% $173,019,161
A8G Australasian Metals 0.235 0% $9,675,066
EFE Eastern Resources 0.033 -3% $38,668,967
MQR Marquee Resource Ltd 0.0575 5% $17,468,967
SRZ Stellar Resources 0.013 0% $13,060,202
LSR Lodestar Minerals 0.0055 0% $9,561,405
NWM Norwest Minerals 0.052 -2% $11,771,692
AOA Ausmon Resorces 0.008 14% $6,001,025
VKA Viking Mines Ltd 0.01 0% $10,252,584
IPT Impact Minerals 0.0085 -6% $22,332,335
SRI Sipa Resources Ltd 0.04 0% $9,079,437
VMC Venus Metals Cor Ltd 0.135 0% $24,040,622
RGL Riversgold 0.035 3% $32,145,902
ZNC Zenith Minerals Ltd 0.31 2% $107,150,946
RAS Ragusa Minerals Ltd 0.155 3% $19,847,722
G88 Golden Mile Res Ltd 0.027 -4% $5,728,513
EPM Eclipse Metals 0.018 -5% $38,460,880
EVR Ev Resources Ltd 0.018 0% $16,721,713
WC8 Wildcat Resources 0.03 0% $19,860,682
MNS Magnis Energy Tech 0.375 -1% $368,725,964
RIO Rio Tinto Limited 111.58 -1% $42,032,811,911
THR Thor Mining PLC 0.007 -13% $8,823,068
CZL Cons Zinc Ltd 0.021 0% $9,721,350
MXR Maximus Resources 0.045 2% $14,031,854
DRE Dreadnought Resources Ltd 0.105 -5% $338,108,271
MM1 Midasmineralsltd 0.175 -3% $10,283,718
M2R Miramar 0.1 0% $7,068,174
AOU Auroch Minerals Ltd 0.053 0% $19,668,925
XTC Xantippe Res Ltd 0.0065 8% $48,871,379
LLI Loyal Lithium Ltd 0.505 2% $23,136,300
LRD Lordresourceslimited 0.225 -6% $7,988,309
WMC Wiluna Mining Corp 0.205 0% $74,238,031
AUN Aurumin 0.079 4% $10,264,342
ZEO Zeotech Limited 0.049 23% $65,628,227
ALY Alchemy Resource Ltd 0.028 8% $30,629,983
LIS Lisenergylimited 0.415 5% $65,536,104
GW1 Greenwing Resources 0.33 0% $41,647,803
KTA Krakatoa Resources 0.06 -2% $21,027,305
TYX Tyranna Res Ltd 0.032 -3% $79,379,036
DAF Discovery Alaska Ltd 0.028 0% $6,278,572
FTL Firetail Resources 0.165 -3% $11,050,000
IR1 Irismetals 1.84 1% $114,168,600
LNR Lanthanein Resources 0.0315 -5% $31,773,244
DAL Dalaroometalsltd 0.12 14% $3,136,875
TKM Trek Metals Ltd 0.085 -3% $32,027,167
CY5 Cygnus Gold Limited 0.56 10% $84,503,120
TUL Tulla Resources 0.395 1% $78,231,167
WES Wesfarmers Limited 48.42 -1% $55,558,171,858
LLL Leolithiumlimited 0.565 5% $532,794,732
OCN Oceanalithiumlimited 0.475 0% $16,351,875
A11 Atlantic Lithium 0.795 -1% $487,622,036
CMD Cassius Mining Ltd 0.027 -4% $11,437,801
VSR Voltaic Strategic 0.024 4% $7,047,905
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46 lithium companies finished in the green, 50 fell flat and 37 tumbled into the red.

 

Who’s got news out?

CHARGER METALS (ASX:CHR)

CHR has kicked off drilling to test outcropping Medcalf spodumene-pegmatites at the Lake Johnston Lithium Project.

The initial program aims to test a 300m by 800m outcropping pegmatite swarm in a program of up to 40 reverse circulation drillholes.

Ongoing mapping continues to identify additional spodumene pegmatite outcrops in this area, CHR says.

CHR’s Lake Johnston Lithium Project has attracted considerable interest due to its proximity to the large Earl Grey Lithium Project under development by Covalent Lithium, the manager of a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and Wesfarmers – 70km west of the Lake Johnston Project.

Earl Grey is the world’s third largest hard rock deposit of contained lithium with ore reserves estimated at 94.2 Mt at 1.5% Li2O1.