Eye on Lithium: Chinese EVs might be getting the jump on local competitors in Europe

Chinese OEMS are expecting to deliver between 80,000 and 90,000 EVS into Europe this year
Shares in Critical Resources surged on thick intersections with sections of ‘exceptionally high-grade’ lithium oxide at Mavis Lake
Global Lithium returns the ‘highest-grade intersection’ at Manna

All your lithium news, Tuesday September 13.

According to Schmidt Automotive Research, Chinese automotive original equipment manufacturers (OEMs) are expecting to deliver 200,000 car models across all types of drivetrains into Europe this year.

Between 80,000 and 90,000 are expected to be pure EVs and another 40,000 plug-in hybrid EVs (PHEVs), leaving the remaining 70,000 to 80,000 to be made up by traditional internal combustion engine (ICE) models.

A total of 94,900 vehicles arrived in West Europe from China during the first seven months of 2022, with 60% either battery EV (BEVs) or PHEVs, resulting in 57,500 new West European registrations.

“Alongside the Chinese brands, over 100,000 BEVs have arrived from Chinese shores this year with Western badges on from the likes of Tesla (ModelY/3), Dacia (Spring) and BMW (iX3), emphasising the confidence the West now has in Chinese manufacturing,” the report says.

“A further 94,600 arrived with Chinese brand badges adorning the vehicles spread over almost 20 brands from Aiways to Zhidou.”

Here’s how ASX lithium stocks are tracking:

CODE	COMPANY	PRICE	% TODAY	% WEEK	% MONTH	MARKET CAP
CRR	Critical Resources	0.063	26%	54%	9%	$74,400,762
ADV	Ardiden Ltd	0.008	14%	0%	-11%	$18,678,347
VKA	Viking Mines Ltd	0.009	13%	13%	13%	$8,202,067
XTC	Xantippe Res Ltd	0.009	13%	0%	-10%	$65,161,839
KZR	Kalamazoo Resources	0.245	11%	7%	-9%	$32,404,762
CHR	Charger Metals	0.59	11%	22%	9%	$17,267,949
AX8	Accelerate Resources	0.04	11%	5%	8%	$9,736,520
TYX	Tyranna Res Ltd	0.062	11%	82%	72%	$131,928,197
ENT	Enterprise Metals	0.011	10%	22%	0%	$6,529,807
THR	Thor Mining PLC	0.012	9%	20%	26%	$12,090,797
LPI	Lithium Pwr Int Ltd	0.73	9%	22%	15%	$233,927,048
M2R	Miramar	0.125	9%	9%	26%	$7,381,466
PAM	Pan Asia Metals	0.44	9%	1%	-5%	$29,937,698
MXR	Maximus Resources	0.051	9%	-6%	-19%	$14,988,571
RAS	Ragusa Minerals Ltd	0.27	8%	17%	93%	$32,161,017
IPT	Impact Minerals	0.0075	7%	0%	-6%	$17,369,594
VUL	Vulcan Energy	8.5	7%	11%	-10%	$1,139,515,643
INR	Ioneer Ltd	0.7	7%	14%	0%	$1,374,277,820
QPM	Queensland Pacific	0.16	7%	10%	10%	$234,541,970
QXR	Qx Resources Limited	0.032	7%	19%	-18%	$25,780,870
TKM	Trek Metals Ltd	0.072	6%	3%	1%	$21,121,490
AZL	Arizona Lithium Ltd	0.092	6%	14%	-12%	$209,663,524
EUR	European Lithium Ltd	0.093	6%	15%	6%	$123,221,047
LRD	Lordresourceslimited	0.28	6%	51%	22%	$8,820,425
ASN	Anson Resources Ltd	0.39	5%	37%	160%	$381,285,563
AGY	Argosy Minerals Ltd	0.515	5%	27%	27%	$669,844,280
ALY	Alchemy Resource Ltd	0.022	5%	0%	22%	$20,014,595
LLL	Leolithiumlimited	0.66	5%	18%	31%	$621,593,855
CZL	Cons Zinc Ltd	0.024	4%	0%	-4%	$8,909,230
WCN	White Cliff Min Ltd	0.025	4%	9%	79%	$15,686,481
MMG	Monger Gold Ltd	0.505	4%	40%	74%	$19,419,400
IR1	Irismetals	1.86	4%	52%	195%	$108,957,300
MRR	Minrex Resources Ltd	0.054	4%	15%	-14%	$55,977,465
AS2	Askarimetalslimited	0.415	4%	30%	-2%	$18,027,708
OCN	Oceanalithiumlimited	0.705	4%	22%	37%	$22,797,000
SYA	Sayona Mining Ltd	0.3675	4%	44%	34%	$2,948,035,086
PLS	Pilbara Min Ltd	4.73	4%	28%	52%	$13,638,981,967
ZNC	Zenith Minerals Ltd	0.31	3%	5%	3%	$103,428,684
BNR	Bulletin Res Ltd	0.16	3%	19%	0%	$45,351,621
WR1	Winsome Resources	0.325	3%	23%	10%	$42,560,908
CXO	Core Lithium	1.64	3%	21%	12%	$2,762,140,616
ESS	Essential Metals Ltd	0.525	3%	13%	-4%	$126,216,042
MMC	Mitremining	0.18	3%	38%	57%	$4,739,893
RDT	Red Dirt Metals Ltd	0.72	3%	26%	60%	$213,188,098
WC8	Wildcat Resources	0.037	3%	37%	23%	$23,229,818
RGL	Riversgold	0.038	3%	12%	-3%	$28,682,028
AKE	Allkem Limited	15.94	3%	18%	29%	$9,902,830,076
INF	Infinity Lithium	0.195	3%	5%	26%	$78,852,483
TEM	Tempest Minerals	0.039	3%	0%	-11%	$19,181,115
GLN	Galan Lithium Ltd	1.47	2%	25%	7%	$437,057,779
STM	Sunstone Metals Ltd	0.043	2%	-4%	-10%	$109,050,750
LTR	Liontown Resources	1.79	2%	7%	5%	$3,843,761,863
LKE	Lake Resources	1.2875	2%	17%	-7%	$1,751,366,873
MIN	Mineral Resources.	74.62	2%	24%	26%	$13,841,422,230
MLS	Metals Australia	0.052	2%	4%	-28%	$30,958,846
AM7	Arcadia Minerals	0.265	2%	2%	83%	$12,141,452
IGO	IGO Limited	14.91	2%	17%	24%	$11,086,400,782
GW1	Greenwing Resources	0.28	2%	-3%	-3%	$33,893,021
EMH	European Metals Hldg	0.865	2%	20%	-8%	$101,777,703
LIS	Lisenergylimited	0.61	2%	8%	-16%	$99,548,512
WES	Wesfarmers Limited	48.495	1%	5%	3%	$54,220,240,372
PLL	Piedmont Lithium Inc	0.905	1%	5%	15%	$472,175,866
MNS	Magnis Energy Tech	0.49	1%	-4%	7%	$470,610,769
TUL	Tulla Resources	0.515	1%	4%	-3%	$81,710,605
LIT	Lithium Australia	0.0615	1%	-8%	-28%	$74,398,236
RIO	Rio Tinto Limited	96.19	0%	5%	1%	$35,651,605,193
1MC	Morella Corporation	0.029	0%	16%	16%	$167,203,728
AML	Aeon Metals Ltd.	0.032	0%	14%	7%	$34,989,785
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	$2,752,409,203
LPD	Lepidico Ltd	0.03	0%	7%	0%	$195,215,737
TKL	Traka Resources	0.007	0%	0%	0%	$4,821,422
BMM	Balkanminingandmin	0.26	0%	41%	32%	$8,515,000
LEL	Lithenergy	1.2	0%	24%	7%	$54,180,000
ARN	Aldoro Resources	0.255	0%	4%	-7%	$25,394,766
AAJ	Aruma Resources Ltd	0.068	0%	1%	-14%	$10,673,382
EMS	Eastern Metals	0.13	0%	18%	-21%	$5,025,313
FG1	Flynngold	0.105	0%	11%	18%	$6,726,410
GSM	Golden State Mining	0.05	0%	-7%	-17%	$5,850,710
SHH	Shree Minerals Ltd	0.0085	0%	-6%	-15%	$10,527,139
TMB	Tambourahmetals	0.15	0%	-3%	-17%	$6,178,890
TSC	Twenty Seven Co. Ltd	0.002	0%	0%	-5%	$5,321,628
WML	Woomera Mining Ltd	0.016	0%	0%	-6%	$10,989,329
KGD	Kula Gold Limited	0.02	0%	-13%	-26%	$5,379,391
LRS	Latin Resources Ltd	0.12	0%	14%	9%	$234,371,238
PNN	Power Minerals Ltd	0.655	0%	34%	17%	$40,334,971
SCN	Scorpion Minerals	0.082	0%	4%	24%	$27,210,158
AVW	Avira Resources Ltd	0.004	0%	0%	14%	$8,475,160
GT1	Greentechnology	0.83	0%	20%	13%	$158,312,866
RMX	Red Mount Min Ltd	0.0065	0%	-7%	-7%	$10,675,365
CAI	Calidus Resources	0.605	0%	8%	-10%	$264,857,932
A8G	Australasian Metals	0.3	0%	11%	7%	$12,351,148
SRZ	Stellar Resources	0.014	0%	-13%	-22%	$13,512,767
NWM	Norwest Minerals	0.056	0%	-11%	33%	$10,114,014
SRI	Sipa Resources Ltd	0.045	0%	-4%	5%	$9,226,116
VMC	Venus Metals Cor Ltd	0.165	0%	-3%	-6%	$26,412,983
G88	Golden Mile Res Ltd	0.036	0%	6%	20%	$7,365,231
EPM	Eclipse Metals	0.024	0%	4%	0%	$48,582,164
EVR	Ev Resources Ltd	0.03	0%	11%	-6%	$27,779,522
MM1	Midasmineralsltd	0.21	0%	2%	-16%	$11,997,670
WMC	Wiluna Mining Corp	0.205	0%	0%	0%	$74,238,031
AUN	Aurumin	0.11	0%	-4%	-33%	$13,783,785
DAL	Dalaroometalsltd	0.105	0%	5%	6%	$3,136,875
CY5	Cygnus Gold Limited	0.28	0%	-5%	12%	$41,211,888
AZI	Altamin Limited	0.089	-1%	-6%	0%	$35,254,508
NVA	Nova Minerals Ltd	0.87	-1%	-6%	5%	$161,621,922
MQR	Marquee Resource Ltd	0.077	-1%	7%	-17%	$24,618,171
PGD	Peregrine Gold	0.69	-1%	-4%	-23%	$27,105,089
PSC	Prospect Res Ltd	0.0965	-2%	3%	-20%	$45,301,427
NMT	Neometals Ltd	1.56	-2%	19%	14%	$875,469,215
JRL	Jindalee Resources	2.44	-2%	-3%	-16%	$142,299,836
KTA	Krakatoa Resources	0.061	-2%	2%	-10%	$21,372,015
GL1	Globallith	2.41	-2%	43%	28%	$388,810,727
BYH	Bryah Resources Ltd	0.0285	-2%	2%	-3%	$8,098,351
EFE	Eastern Resources	0.0285	-2%	-2%	-16%	$29,195,190
LNR	Lanthanein Resources	0.055	-2%	-2%	90%	$53,918,232
FTL	Firetail Resources	0.255	-2%	2%	0%	$16,063,450
ZEO	Zeotech Limited	0.045	-2%	-13%	-24%	$71,848,112
IMI	Infinitymining	0.2	-2%	-2%	33%	$11,787,500
RAG	Ragnar Metals Ltd	0.038	-3%	9%	-21%	$14,788,211
KAI	Kairos Minerals Ltd	0.032	-3%	14%	0%	$64,815,085
TON	Triton Min Ltd	0.03	-3%	7%	11%	$39,022,309
MTM	Mtmongerresources	0.145	-3%	4%	21%	$5,626,505
FRS	Forrestaniaresources	0.26	-4%	33%	58%	$9,007,552
DRE	Dreadnought Resources Ltd	0.115	-4%	-8%	24%	$364,924,026
LRV	Larvottoresources	0.225	-4%	0%	-12%	$9,760,138
AOU	Auroch Minerals Ltd	0.059	-5%	-11%	-14%	$23,008,932
DAF	Discovery Alaska Ltd	0.075	-5%	-4%	50%	$17,714,541
RLC	Reedy Lagoon Corp.	0.016	-6%	0%	-6%	$9,476,258
AOA	Ausmon Resorces	0.0075	-6%	-6%	36%	$6,858,315
LSR	Lodestar Minerals	0.0065	-7%	-7%	-19%	$12,169,061
DTM	Dart Mining NL	0.105	-9%	-5%	27%	$15,554,918

65 lithiums stocks finished in the green, 38 fell flat and 28 ended the day in the red.

Who’s got news out?

CRITICAL RESOURCES (ASX:CRR)

Shares in CRR have jumped as high as 40% today on news of thick intersections of ‘exceptionally high-grade’ lithium oxide at Mavis Lake.

CRR says the results are the highest-grade lithium results in the project’s history.

Hole MF22-116 returned 24.1m at 1.62% Li2O from 53m, 8.15m at 1.70% Li2O from 89m including 1m at 4.32% Li2O from 91m and 8.70m at 2.18% Li2O from 112.75m.

These results confirm lithium mineralisation is extending east, building on significant intersections seen in 2017 and 2018.

Drilling continues at Mavis Lake with around 10,749m completed.

The phase 3 program excludes a recent HQ core program drilled to support the conduct of initial metallurgical test work.

GLOBAL LITHIUM RESOURCES (ASX:GL1)

GL1 is also out today with ‘the highest-grade lithium intersection returned’ at the Manna Lithium Project east of Kalgoorlie in Western Australia.

The best intersection hit 5.7m at 1.82% Li2O from 136.7m including 4.3m at 2.08% Li2O from 136.7m and 0.4m at 3.65% Li2O from 136.7m.

A second drill rig has now kicked off at the project with the mineral resource estimate on track to be released in Q4, 2022.

“The two RC drill rigs will continue drilling on site until the true expanse of this developing lithium resource is outlined,” the company says.

VULCAN ENERGY (ASX:VUL)

Vulcan has started onsite construction of its Sorption-Demo Plant in Landau, Germany, following off site fabrication, which has been ongoing since March 2022.

The plant is being built on the premises of Energie Südwest AG (ESW), the local energy utility for Landau, after wrapping up FEED studies, mobilisation, and delivery of key components.

VUL says the plant is set to start cold commissioning in late 2022 and begin operation in early 2023.