• It’s been a long, dark investment winter for lithium lovers. Is that over?
  • Probably too early to call, bottom inspectors. But… BUT… ASX lithium stocks are having a rare big day out today
  • Standout lithium winners today include: TMX, AX8, CC9, LRS… oh, and PMT

 

Our lithium roundup for Wednesday, February 7.

Finally, after what feels like about the time it takes to charge a Tesla 100,000 times, there are more ASX lithium stocks frolicking in the intraday green than battered, bloodied and bruised.

What gives? Gains on lithium stocks globally, seemingly.

Overnight, big global lithium players made strong gains, including: Ganfeng Lithium (+8%), Tianqi Lithium (+7%), Albemarle (+4%) and Lithium Americas Corp (+7%).

The materials/resources sector on the ASX is having a strong day across the board, though, retracing losses from the past couple of days.

Some notable standouts in the some of the biggest market-capped lithium players today include…

Pilbara Minerals (ASX:PLS) : +5.18%

Liontown Resources (ASX:LTR) : +6.39%

Wildcat Resources (ASX:WC8) : +10.35%

Latin Resources (ASX:LRS) : +16%

Patriot Battery Metals (ASX:PMT) : +12.12%

Core Lithium (ASX:CXO) : +5.5%

 

Even Piedmont Lithium (ASX:PLL) is up 10.8% despite the negative news it’s laid off 27% of its workforce in an effort to cut costs amid the lithium price doldrums that have dominated the past year. Guess the positive spin there is the potential to save US$10 million a year on costs.

 

Regarding big gun Pilbara Minerals (ASX:PLS) , it has some news of note today, having executed an amendment to its existing offtake agreement with Chengxin Lithium Group. This, it says, “materially extends and expands the supply of spodumene concentrate to a leading lithium chemical converter”.

The amendment will see PLS supply an additional 60kt of spodumene concentrate in 2024, taking the total supply to 85kt.

Then, in 2025, PLS will supply 150kt of spodumene concentrate to Chengxin Lithium Group and in 2026, another 150kt.

 

Former PLS boss Ken Brinsden’s Patriot Battery Metals (ASX:PMT) climbed double digits after announcing it had extended the strike of its CV5 resource at its Corvette property in Quebec, the largest spodumene deposit in North America.

 

Oh no, contango… don’t go

Earlier, in a High Voltage article today, we quoted “contango” fan and lithium expert Juan Carlos Zuleta, who has been noticing an upwards trend (contango) for lithium futures.

Hold your horsepowers, though… he now says we might not actually be done with “backwardation” just yet.

 

 

The positive contango trend for lithium futures has been playing out for about three weeks now… but could it be due for a bit of a lie down? Just something to keep in mind – “the trend is your friend until the end” and all that.

Let’s not ruin today’s party too much, though, as the daily form guide’s looking half decent for a change…

 

ASX lithium form guide

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

Stocks missing from this list? Email [email protected] and [email protected]

CODE COMPANY TODAY WEEK 1 MONTH % 12 MONTH % PRICE MARKET CAP
ADV Ardiden Ltd 3% 6% 0% -39% 0.185 $11,253,151
AGY Argosy Minerals Ltd 8% 3% -24% -85% 0.1025 $133,418,712
1MC Morella Corporation 0% 0% -27% -71% 0.004 $24,715,198
AML Aeon Metals Ltd. 11% 11% 0% -64% 0.01 $9,867,606
ASN Anson Resources Ltd 4% -15% -38% -67% 0.08 $99,078,072
AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203
CXO Core Lithium 6% -3% -17% -82% 0.19 $384,648,398
EMH European Metals Hldg 2% 3% -23% -54% 0.31 $38,501,832
EUR European Lithium Ltd 0% 2% -4% 5% 0.086 $119,904,569
GLN Galan Lithium Ltd 6% -42% -53% -72% 0.3125 $104,274,323
INF Infinity Lithium 10% -13% -21% -47% 0.077 $32,381,447
INR Ioneer Ltd -4% 0% -11% -71% 0.125 $274,561,579
JLL Jindalee Lithium Ltd 4% -3% 3% -58% 0.99 $57,768,062
LIT Lithium Australia -2% 2% -5% -42% 0.0285 $35,443,558
LKE Lake Resources 3% -6% -30% -88% 0.091 $125,302,654
LPD Lepidico Ltd 0% 0% -25% -60% 0.006 $45,829,848
LPI Lithium Pwr Int Ltd 0% 0% 0% 33% 0.5575 $355,493,683
LTR Liontown Resources 6% -7% -40% -37% 0.9525 $2,180,885,375
MIN Mineral Resources. 3% -6% -16% -36% 57.1 $10,776,242,690
MLS Metals Australia 0% -3% -17% -42% 0.03 $18,721,086
AKE Allkem Limited 0% -100% -100% -100% 0 $6,304,350,967
PLL Piedmont Lithium Inc 9% -24% -47% -79% 0.2025 $71,393,073
PLS Pilbara Min Ltd 5% -2% -9% -26% 3.54 $10,172,001,654
QPM Queensland Pacific 0% -10% -31% -64% 0.036 $72,451,451
PSC Prospect Res Ltd -4% -5% -16% -42% 0.076 $36,603,225
RLC Reedy Lagoon Corp. 0% -20% -20% -54% 0.004 $2,478,163
SYA Sayona Mining Ltd -3% -7% -36% -84% 0.039 $411,731,841
TKL Traka Resources 0% 0% -33% -64% 0.002 $3,501,317
TON Triton Min Ltd 0% -6% -23% -60% 0.017 $26,543,675
VUL Vulcan Energy 3% -6% -16% -71% 2.07 $345,866,746
GL1 Globallith 3% -16% -58% -78% 0.465 $117,119,385
BMM Balkanminingandmin 0% -20% -35% -85% 0.072 $5,114,917
LEL Lithenergy -1% -3% -40% -64% 0.335 $34,765,875
ARN Aldoro Resources 6% 3% -14% -56% 0.099 $12,520,008
NMT Neometals Ltd 2% -15% -31% -83% 0.1275 $77,836,290
IGO IGO Limited 4% -9% -18% -51% 7.02 $5,134,275,772
AAJ Aruma Resources Ltd 0% 0% -22% -72% 0.021 $4,134,722
PAM Pan Asia Metals 0% 0% -9% -57% 0.16 $26,850,684
AX8 Accelerate Resources 23% -4% -31% 0% 0.027 $12,630,239
AM7 Arcadia Minerals -1% -4% -4% -69% 0.066 $7,306,357
AS2 Askarimetalslimited 1% -25% -44% -85% 0.098 $7,561,171
BYH Bryah Resources Ltd -10% -18% -36% -59% 0.009 $4,336,073
EMS Eastern Metals -12% 0% -19% -63% 0.029 $2,720,066
FG1 Flynngold -4% -12% 6% -44% 0.053 $9,027,750
FRS Forrestaniaresources -4% -18% -23% -86% 0.023 $3,882,858
GSM Golden State Mining 18% 8% -13% -72% 0.013 $3,073,077
IMI Infinitymining 10% 0% -15% -51% 0.11 $11,875,339
LRV Larvottoresources 3% -8% -3% -56% 0.068 $14,758,369
MMC Mitremining 0% 2% -6% -27% 0.225 $12,754,716
RAG Ragnar Metals Ltd 0% -5% -9% 38% 0.021 $9,953,600
CTN Catalina Resources -20% 33% 0% -60% 0.004 $6,192,434
TMB Tambourahmetals 0% -2% -25% -22% 0.086 $7,132,870
TEM Tempest Minerals 0% -13% -13% -74% 0.007 $3,633,871
EMC Everest Metals Corp 3% 4% 4% -10% 0.082 $13,142,649
WCN White Cliff Min Ltd 0% 7% 78% 33% 0.016 $21,373,749
WML Woomera Mining Ltd 17% 40% -72% -56% 0.007 $7,308,834
AZL Arizona Lithium Ltd 8% -2% -31% -69% 0.0215 $75,728,901
CRR Critical Resources -7% 8% -30% -75% 0.014 $26,667,754
KGD Kula Gold Limited 0% -19% -62% -76% 0.0065 $2,750,877
LRS Latin Resources Ltd 14% -6% -32% 39% 0.16 $391,475,868
PNN Power Minerals Ltd -7% -15% -32% -72% 0.14 $13,106,415
WR1 Winsome Resources 12% 4% -37% -72% 0.615 $104,931,778
KZR Kalamazoo Resources 0% 6% -35% -51% 0.1 $17,301,782
MTM MTM Critical Metals -3% -6% -45% -15% 0.066 $8,452,152
QXR Qx Resources Limited 13% 6% -25% -61% 0.018 $17,761,246
SCN Scorpion Minerals -10% -36% -45% -78% 0.018 $8,189,124
AZI Altamin Limited 0% -2% -7% -33% 0.05 $21,406,097
ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884
KAI Kairos Minerals Ltd 8% -13% 0% -23% 0.014 $34,071,858
STM Sunstone Metals Ltd 0% 11% -29% -68% 0.01 $34,877,349
PGD Peregrine Gold -7% -10% -10% -44% 0.27 $19,428,979
AVW Avira Resources Ltd 0% 0% 33% -33% 0.002 $4,267,580
NVA Nova Minerals Ltd -3% -19% -21% -55% 0.285 $62,212,560
GT1 Greentechnology 8% -10% -52% -85% 0.13 $38,250,252
BNR Bulletin Res Ltd 0% 0% -41% -29% 0.085 $24,957,132
CAI Calidus Resources 0% -8% -15% -34% 0.175 $107,187,975
MRR Minrex Resources Ltd 18% 0% -19% -64% 0.013 $11,933,543
A8G Australasian Metals -6% -18% -34% -46% 0.099 $5,472,652
EFE Eastern Resources -13% 0% -22% -59% 0.007 $9,935,572
MQR Marquee Resource Ltd 0% -10% -32% -44% 0.019 $7,854,303
SRZ Stellar Resources 0% 0% -13% -42% 0.007 $8,043,185
LSR Lodestar Minerals 0% 0% -50% -60% 0.002 $4,046,795
NWM Norwest Minerals 0% 8% -19% -59% 0.026 $7,476,807
AOA Ausmon Resorces 0% 0% -33% -67% 0.002 $2,117,999
VKA Viking Mines Ltd 8% 17% -7% 17% 0.014 $13,328,360
IPT Impact Minerals -4% -4% -4% 10% 0.0115 $34,376,447
SRI Sipa Resources Ltd 9% 20% -8% -23% 0.024 $5,019,479
VMC Venus Metals Cor Ltd 0% 0% 0% 15% 0.1 $18,972,868
RGL Riversgold 0% -10% -31% -65% 0.009 $8,708,953
ZNC Zenith Minerals Ltd -4% -15% -15% -51% 0.115 $42,285,706
RAS Ragusa Minerals Ltd -7% -22% -38% -77% 0.025 $3,850,167
G88 Golden Mile Res Ltd 0% -20% -33% -44% 0.012 $3,952,674
EPM Eclipse Metals 0% 14% 0% -64% 0.008 $16,500,434
EVR Ev Resources Ltd -4% 10% -8% -27% 0.011 $12,645,266
WC8 Wildcat Resources 7% 7% -33% 1503% 0.465 $520,189,584
MNS Magnis Energy Tech 0% 0% 0% -90% 0.042 $50,378,922
RIO Rio Tinto Limited 1% -2% -2% 4% 129.5 $47,667,874,040
THR Thor Energy PLC 0% -9% 7% -47% 0.032 $5,953,162
YAR Yari Minerals Ltd 0% -33% -27% -56% 0.008 $3,858,863
MXR Maximus Resources 3% -3% -3% -18% 0.033 $10,270,265
DRE Dreadnought Resources Ltd 6% -14% -38% -82% 0.018 $59,144,240
MM1 Midasmineralsltd -14% -22% -36% -48% 0.086 $8,674,725
M2R Miramar 0% -17% -13% -74% 0.02 $2,977,391
LLI Loyal Lithium Ltd 9% -2% -48% -52% 0.235 $17,906,774
LRD Lordresourceslimited 0% -2% 5% -69% 0.058 $2,153,663
WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031
AUN Aurumin 10% 18% 14% -51% 0.033 $10,753,292
ZEO Zeotech Limited 0% 6% 10% -20% 0.033 $57,202,961
ALY Alchemy Resource Ltd -11% 0% -20% -53% 0.008 $10,602,686
LIS Lisenergylimited 10% 10% 3% -55% 0.165 $96,030,035
GW1 Greenwing Resources 0% -6% -35% -71% 0.085 $14,811,376
KTA Krakatoa Resources 6% -5% -51% -53% 0.019 $8,497,930
TYX Tyranna Res Ltd 7% -6% -17% -42% 0.015 $46,023,955
DAF Discovery Alaska Ltd 0% 35% -7% -4% 0.027 $6,324,337
FTL Firetail Resources -6% -20% -37% -66% 0.047 $7,445,278
IR1 Irismetals -6% 19% -28% -44% 0.655 $90,639,487
LNR Lanthanein Resources 0% -23% -55% -77% 0.005 $6,449,060
DAL Dalaroometalsltd 0% 10% -12% -76% 0.022 $1,820,500
TKM Trek Metals Ltd 0% -18% -21% -58% 0.031 $15,905,383
CY5 Cygnus Metals Ltd 0% 0% -47% -86% 0.066 $19,242,903
TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971
WES Wesfarmers Limited -2% -1% 1% 13% 57.19 $65,861,674,417
LLL Leolithiumlimited 0% 0% 0% -17% 0.505 $498,553,663
OCN Oceanalithiumlimited -3% -5% -45% -84% 0.06 $3,352,743
A11 Atlantic Lithium 0% -5% -13% -49% 0.37 $240,377,550
CMD Cassius Mining Ltd 0% 3% -15% 0% 0.034 $18,428,153
VSR Voltaic Strategic 0% 0% -29% -38% 0.015 $7,246,558
SGQ St George Min Ltd 0% -15% -37% -71% 0.022 $21,747,890
LLO Lion One Metals Ltd 0% 1% -7% -11% 0.895 $13,716,520
PAT Patriot Lithium -8% 9% -33% -72% 0.12 $9,050,227
PL3 Patagonia Lithium 0% -4% -24% 0% 0.11 $5,404,135
BUR Burleyminerals -9% -24% -52% -73% 0.08 $9,090,115
CHR Charger Metals -4% 4% -26% -70% 0.125 $10,064,633
RMX Red Mount Min Ltd 0% -33% -33% -67% 0.002 $5,347,152
DLI Delta Lithium 7% 0% -31% -39% 0.29 $192,191,303
LM1 Leeuwin Metals Ltd 0% -8% -34% 0% 0.092 $4,310,354
ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884
FIN FIN Resources Ltd 0% 0% -26% 21% 0.017 $11,037,568
DTM Dart Mining NL 8% -7% -19% -73% 0.013 $2,730,956
NIS Nickelsearch -3% -24% -47% -66% 0.039 $8,541,698
EG1 Evergreenlithium 0% -10% -42% 0% 0.099 $5,566,770
MAN Mandrake Res Ltd 8% 2% 2% -19% 0.042 $24,014,637
FBM Future Battery 6% 22% -26% -14% 0.055 $27,755,311
LPM Lithium Plus 9% -25% -45% -53% 0.18 $14,188,053
KOB Kobaresourceslimited 0% 0% 111% -14% 0.15 $19,562,500
EMC Everest Metals Corp 3% 4% 4% -10% 0.082 $13,142,649
LRD Lordresourceslimited 0% -2% 5% -69% 0.058 $2,153,663
IEC Intra Energy Corp 0% 0% -17% -58% 0.0025 $4,151,954
REC Rechargemetals -2% -10% -38% -50% 0.065 $7,349,230
SLM Solismineralsltd 0% -8% -17% -4% 0.12 $9,418,650
AZS Azure Minerals 0% 0% -1% 1057% 3.645 $1,665,006,857
DYM Dynamicmetalslimited 0% 7% -16% -18% 0.16 $5,760,000
TOR Torque Met 2% 2% -7% 27% 0.21 $31,375,972
SBR Sabre Resources 10% -12% -24% -45% 0.022 $7,485,239
ICL Iceni Gold -5% -21% -43% -65% 0.037 $9,615,881
TMX Terrain Minerals 25% 0% 0% -17% 0.005 $5,726,683
MHC Manhattan Corp Ltd -14% 0% 0% -50% 0.003 $10,279,429
MHK Metalhawk. -5% -27% -41% -50% 0.077 $8,052,570
NKL Nickelxltd 28% 16% 9% -32% 0.05 $3,424,792
TMB Tambourahmetals 0% -2% -25% -22% 0.086 $7,132,870
ANX Anax Metals Ltd 0% -9% -30% -71% 0.021 $10,153,870
PMT Patriotbatterymetals 13% -7% -29% -59% 0.7475 $332,640,106
BM8 Battery Age Minerals 0% -13% -36% -70% 0.14 $12,846,445
L1M Lightning Minerals 0% -18% -41% -61% 0.074 $3,124,655
ADG Adelong Gold Limited 11% 0% -9% -50% 0.005 $3,148,450
TOR Torque Met 2% 2% -7% 27% 0.21 $31,375,972
AL8 Alderan Resource Ltd 0% -13% -30% -56% 0.0035 $3,874,015
OZM Ozaurum Resources 6% -8% -47% -14% 0.069 $10,318,750
FL1 First Lithium Ltd -6% -12% -52% 25% 0.225 $16,812,400
PLN Pioneer Lithium 0% -12% -21% 0% 0.15 $4,263,750
WYX Western Yilgarn NL 4% 6% -10% -5% 0.094 $4,469,175
RDN Raiden Resources Ltd 10% -12% -39% 304% 0.023 $55,788,287
PFE Panteraminerals -5% -10% 4% -61% 0.052 $7,294,240
GRE Greentechmetals 0% -16% -51% 78% 0.205 $17,236,395
OLY Olympio Metals Ltd -2% -16% -41% -62% 0.059 $3,815,970
SUM Summitminerals -4% 6% -25% -51% 0.073 $3,621,942
JBY James Bay Minerals -3% -13% -45% 0% 0.165 $5,515,650
SCN Scorpion Minerals -10% -36% -45% -78% 0.018 $8,189,124
JNO Juno 0% 0% -22% -13% 0.09 $16,375,073
CC9 Chariot Corporation 22% -37% -44% 0% 0.31 $20,855,521
OBM Ora Banda Mining Ltd 0% 4% -4% 161% 0.235 $401,147,815
RON Roninresourcesltd 0% -14% -33% -31% 0.12 $4,419,001
CXB0 ASRA MINERALS LTD. 0% -14% -14% 0% 0.00003 $4,909,487
ASR Asra Minerals Ltd 0% 0% 0% -59% 0.006 $9,818,974
PFE Panteraminerals -5% -10% 4% -61% 0.052 $7,294,240
TG6 Tgmetalslimited 0% -8% -38% 110% 0.22 $11,898,957
HAW Hawthorn Resources 1% -3% -12% -4% 0.092 $30,486,421
KM1 Kalimetalslimited 3% -22% 60% 0% 0.4 $29,773,417
AEV Avenira Limited 0% 9% -8% -20% 0.012 $26,310,859
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CHARGED UP 🔋

NickelX (ASX:NKL) : +28% – wait, how’d this get in here? Ah, it’s battery-metal-tastic. We’ll leave it for the moment.

Terrain Minerals (ASX:TMX) +25%

Accelerate Resources (ASX:AX8) +23%

Chariot Corporation (ASX:CC9) +22%

Golden State Mining (ASX:GSM) : +18%

Woomera Mining (ASX:WML) : +17%

Latin Resources (ASX:LRS) : +16%

 

RUNNING LOW 🪫

Power Minerals (ASX:PNN) -10%

Strike Resources (ASX:SRK) -6%

Critical Resources (ASX:CRR) -6%

 

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