Recent data from Benchmark Mineral Intelligence – the OG reporting agency for everything battery-related – confirms recent strong price increases for mainstream battery metals like lithium, cobalt, nickel, and graphite.

This has been largely driven by the Chinese market, which “acts as an early warning system for the rest of the world” Benchmark managing director Simon Moores says.

“Historically, price rises that occur in China are usually experienced in the rest of the world 3 to 6 months later,” he says.

“While rises remain in their infancy, there is growing evidence that the low-price environment for many battery raw materials is beginning to change.”

Markets are responding. A “wall of buying” was unleashed on battery metals stocks on the ASX last week, says Far East Capital analyst Warwick Grigor.

“Who needs to be playing gold now when you are getting this sort of performance from the more exotic commodities?”

 

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing>>>

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE COMPANY 1 WEEK CHANGE % 1 YEAR CHANGE % PRICE [intraday Mon] MARKET CAP
EGR Ecograf 128 531 0.41 $ 141,954,839.52
LKE Lake Resources 113 421 0.245 $ 183,989,300.04
HNR Hannans 80 13 0.009 $ 21,239,794.73
LPD Lepidico 78 103 0.032 $ 155,572,051.14
LIT Lithium Australia 67 154 0.165 $ 129,774,805.76
AVL Australian Vanadium 63 138 0.031 $ 70,323,811.54
BEM Blackearth Minerals 63 67 0.075 $ 9,476,112.43
VRC Volt Resources 58 58 0.019 $ 41,093,733.92
RNU Renascor Resources 56 133 0.028 $ 49,971,295.02
ASN Anson Resources 53 149 0.092 $ 80,861,606.71
PNN PepinNini Minerals 53 184 0.505 $ 22,852,814.40
AXE Archer Materials 45 285 0.79 $ 171,103,774.96
CXO Core Lithium 44 675 0.31 $ 300,729,096.30
AGY Argosy Minerals 44 100 0.18 $ 173,315,363.97
QPM Queensland Pacific 44 245 0.069 $ 59,708,644.80
BKT Black Rock Mining 43 184 0.165 $ 103,412,233.32
BSM Bass Metals 36 25 0.0075 $ 28,151,730.15
PGM Platina Resources 36 205 0.064 $ 21,821,617.64
LPI Lithium Power International 32 40 0.35 $ 98,427,087.99
WKT Walkabout Resources 32 -13 0.165 $ 57,607,051.43
JRL Jindalee Resources 31 383 1.43 $ 61,244,433.42
ESS Essential Metals 30 25 0.15 $ 31,126,681.50
RLC Reedy Lagoon 29 633 0.022 $ 10,334,143.25
GAL Galileo Mining 28 128 0.365 $ 52,947,445.85
GLN Galan Lithium 27 151 0.515 $ 108,456,718.55
MLS Metals Australia 25 150 0.0025 $ 10,477,258.94
VR8 Vanadium Resources 25 73 0.045 $ 16,093,929.83
AUZ Australian Mines 25 88 0.03 $ 114,882,161.65
BOA Boadicea Resources 24 36 0.26 $ 16,157,893.96
AOU Auroch Minerals 21 318 0.255 $ 66,478,134.58
EUR European Lithium 21 -3 0.085 $ 64,744,471.06
LEG Legend Mining 21 71 0.145 $ 388,344,179.55
MLX Metals X 19 82 0.16 $ 154,235,231.39
INR Ioneer 18 80 0.34 $ 581,635,109.12
ADV Ardiden 17 800 0.027 $ 55,719,608.98
PLL Piedmont Lithium 16 383 0.63 $ 848,383,959.36
ARR American Rare Earths 15 576 0.115 $ 36,473,107.33
VMC Venus Metals 15 24 0.23 $ 34,748,097.09
TON Triton Minerals 15 82 0.062 $ 70,337,020.15
CHN Chalice Mining 15 1667 4.86 $ 1,592,900,301.34
AZS Azure Minerals 15 360 0.575 $ 160,204,574.92
BSX Blackstone 13 144 0.475 $ 146,433,646.45
QXR Qx Resources 13 -5 0.018 $ 8,006,434.83
GXY Galaxy Resources 12 173 3.14 $ 1,613,004,428.80
BUX Buxton Resources 12 -12 0.075 $ 9,932,046.54
PUR Pursuit Minerals 12 580 0.038 $ 26,480,650.43
NIC Nickel Mines 11 108 1.4 $ 3,256,962,621.05
VUL Vulcan Energy 11 3295 7.13 $ 693,228,537.00
FGR First Graphene 11 125 0.315 $ 168,970,309.76
TMT Technology Metals 10 208 0.385 $ 56,768,728.20
ORE Orocobre 10 59 5.8 $ 2,012,654,802.60
TNG TNG 10 34 0.115 $ 133,344,969.78
INF Infinity Lithium 10 322 0.23 $ 71,884,590.77
POS Poseidon Nickel 8 108 0.081 $ 230,372,017.86
AML Aeon Metals 7 -9 0.15 $ 101,635,459.05
SYR Syrah Resources 6 98 1.24 $ 624,984,047.29
MNS Magnis Energy Tech 6 68 0.185 $ 127,751,045.45
IPT Impact Minerals 5 186 0.02 $ 32,055,955.94
MRC Mineral Commodities 5 37 0.41 $ 196,183,875.53
PRL Province Resources 5 164 0.021 $ 14,543,356.41
AVZ AVZ Minerals 5 216 0.215 $ 620,095,512.63
AQD Ausquest 5 83 0.022 $ 14,901,318.98
GBR Great Boulder Resources 4 44 0.047 $ 9,026,868.96
GED Golden Deeps 4 -52 0.012 $ 9,295,360.14
ARL Ardea Resources 4 -11 0.51 $ 67,027,055.55
CZN Corazon 4 -33 0.052 $ 9,760,077.42
COB Cobalt Blue 4 142 0.4 $ 95,565,411.10
CLA Celsius Resources 4 286 0.054 $ 40,571,340.21
LTR Liontown Resources 3 395 0.45 $ 768,462,928.90
SLZ Sultan Resources 3 179 0.195 $ 13,559,205.86
S2R S2 Resources 3 67 0.2 $ 64,552,691.70
DEV Devex Resources 2 264 0.24 $ 66,423,652.40
PLS Pilbara Minerals 2 243 1.2 $ 3,331,330,469.60
NMT Neometals 1 111 0.35 $ 212,686,993.74
ALY Alchemy Resource 0 58 0.017 $ 11,428,138.70
PSC Prospect Resources 0 1 0.19 $ 64,757,622.35
ATM Aneka Tambang 0 0 1 $ 1,303,649.00
AJM Altura Mining 0 13 0.08 $ 209,037,029.25
LML Lincoln Minerals 0 33 0.008 $ 4,599,869.49
SGQ St George Mining 0 -15 0.115 $ 60,425,205.12
MOH Moho Resources 0 105 0.088 $ 8,337,802.04
TKL Traka Resources 0 190 0.023 $ 11,648,696.56
RFR Rafaella Resources 0 -49 0.076 $ 9,720,823.40
CWX Carawine Resources 0 2 0.235 $ 25,589,126.97
PAN Panoramic Resources 0 -26 0.17 $ 338,400,810.66
IGO IGO 0 8 7.13 $ 5,338,738,081.65
BHP BHP Group 0 13 46.64 $ 135,892,124,805.22
OZL OZ Minerals 0 89 20.23 $ 6,692,125,851.80
MAN Mandrake Resources -1 487 0.088 $ 24,541,808.70
ESR Estrella Resources -1 800 0.081 $ 67,194,200.83
SRI Sipa Resources -2 -16 0.061 $ 11,380,950.27
MIN Mineral Resources -3 120 38.83 $ 7,202,538,563.19
BAR Barra Resources -4 30 0.026 $ 17,617,810.63
MCR Mincor Resources -4 59 1.14 $ 496,641,099.90
CTM Centaurus Metals -4 369 0.845 $ 277,089,086.00
JRV Jervois Mining -5 100 0.47 $ 391,942,747.35
GME GME Resources -6 19 0.065 $ 38,980,685.10
G88 Golden Mile Resources -6 -11 0.048 $ 6,150,916.40
CNJ Conico -6 275 0.03 $ 23,449,486.27
RXL Rox Resources -8 28 0.037 $ 77,893,481.59
STK Strickland Metals -9 100 0.04 $ 16,424,909.32
FFX Firefinch -11 95 0.195 $ 156,381,700.20
TLG Talga Group -13 247 1.55 $ 442,124,760.21
EMH European Metals -14 297 1.15 $ 135,478,731.38
CLQ Clean Teq -14 2 0.3 $ 265,782,437.40
SBR Sabre Resources -15 325 0.0085 $ 13,464,509.19
SYA Sayona Mining -21 91 0.0355 $ 132,235,663.86

Battery metals small cap standouts

ECOGRAF (ASX:EGR)

As in lithium, there is a general trend for graphite explorers/miners to move downstream to capture more value.

A lot more value.

One of these is Ecograf, which signed a $US98m ($137.2m) agreement with the WA government to build the first spherical graphite processing facility outside China, with construction set to begin in mid-2021.

LAKE RESOURCES (ASX:LKE)

This explorer just raised $20.6m from overseas institutional investors at a 12 per cent premium to its 10 day volume weighted average share price (VWAP).

Lake’s flagship Kachi lithium brine project now fully funded through to the construction phase in 2022, it says.

“This transaction places the company in its strongest financial position ever,” managing director Steve Promnitz says.

“Lake will hold in excess of A$25 million following this placement and anticipates a further $6m to be added by July as existing options convert.”

LITHIUM AUSTRALIA (ASX:LIT)

The lithium ferro phosphate (LFP) battery market will grow 500 per cent by 2030, Lithium Australia says.

LFPs – which minimise or replace costly nickel and cobalt – are good for short range trips, like in urban settings.

Demand has taken off in China, and Lithium Australia reckons its battery R&D subsidiary VSPC is now well-positioned to service LFP markets outside China.

BLACKEARTH MINERALS (ASX:BEM)

This micro-cap graphite explorer is now up ~70 per cent over the past week on no news.

In response to an ASX query last week it pointed to “several recent media reports about increasing world demand for clean energy battery products and references to the growing demand for graphite products that contribute to the manufacture of lithium-ion batteries”.

A Bankable Feasibility Study (BFS) —  an advanced study designed to attract financing — on Blackearth’s Maniry graphite project in Madagascar is due to be completed this year.