We're going to need a whole-lotta lithium for these babies. Pic via Getty.
Eye on Lithium: It took five years for EV sales to reach 1m in 2015. By 2026, 26m will be sold every year
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- EV sales in 2022 were 10.5 million; by 2026, annual sales are projected to be 26.6 million
- PNN has returned strong lithium grades from brine at its Salta lithium project
- LEL has posted a 3.3Mt maiden resource estimate at its Solaroz lithium brine project in Argentina
All your lithium news, Thursday June 29.
Researchers at Bloomberg New Energy Finance (BNEF) have released their Electric Vehicle Outlook 2023 report, showing that electrification is now spreading rapidly into almost all segments of road transport – from passenger cars to commercial vehicles, buses and two and three-wheelers.
It took five years for EV sales to reach 1 million in 2015. It took another four years to sell the 5 millionth EV in March 2019.
BNEF’s latest data shows sales have gone from a relative snails-pace to a canter, with plenty of growth still to come.
EV sales in 2022 alone were 10.5 million. Over 2.3 million EVs were sold in the first quarter of 2023, ~25% more than in Q1 2022.
By 2026, annual sales are projected to be 26.6 million; predominantly in China, followed by the European and US markets respectively.
National policies and incentives – such as China’s recent US$72.3 billion four-year extension and increase of tax breaks on new electric vehicle sales – are helping fuel uptake.
By 2040, EV passenger vehicle sales are expected to reach 75%. Despite this, by that time they will only make up just under 50% of the global passenger vehicle fleet.
Bloomberg says much faster progress is needed to achieve net-zero road transport emissions by 2050.
“A stronger push is still needed. Heavy trucks in particular are far behind the net-zero trajectory and should be a priority focus for policymakers,” BNEF says.
“Grid investments, grid connections and permitting processes also need to be streamlined to support the large number of charging points needed for the transition.”
The economic opportunities are enormous. The cumulative value of EV sales across all segments will hit US$8.8 trillion by 2030 and 10X to a mind-boggling US$88 trillion in just two decades to 2050, BNEF says.
To reach net-zero car emissions, large investments are necessary in all areas of the battery supply chain, especially raw materials such as lithium.
Here’s how Aussie lithium stocks are tracking:
| Code | Company | Price | % Today | Market Cap |
|---|---|---|---|---|
| M2R | Miramar | 5.50 | 0.06 | $5,324,487 |
| LNR | Lanthanein Resources | 1.80 | 0.02 | $17,945,209 |
| RMX | Red Mount Min Ltd | 0.45 | 0.00 | $10,097,404 |
| REC | Rechargemetals | 23.00 | 0.23 | $21,644,817 |
| VSR | Voltaic Strategic | 3.70 | 0.04 | $14,892,907 |
| WCN | White Cliff Min Ltd | 1.00 | 0.01 | $11,313,167 |
| KZR | Kalamazoo Resources | 15.50 | 0.16 | $23,527,440 |
| KGD | Kula Gold Limited | 2.10 | 0.02 | $7,091,026 |
| LPD | Lepidico Ltd | 1.20 | 0.01 | $84,021,363 |
| WC8 | Wildcat Resources | 24.00 | 0.24 | $146,425,752 |
| EG1 | Evergreenlithium | 32.00 | 0.32 | $16,587,850 |
| BUR | Burleyminerals | 14.00 | 0.14 | $13,168,578 |
| L1M | Lightning Minerals | 17.75 | 0.18 | $6,471,003 |
| A11 | Atlantic Lithium | 40.50 | 0.41 | $231,511,831 |
| EPM | Eclipse Metals | 1.70 | 0.02 | $32,448,957 |
| PL3 | Patagonia Lithium | 18.00 | 0.18 | $8,330,595 |
| LLO | Lion One Metals Ltd | 111.00 | 1.11 | $14,499,811 |
| NMT | Neometals Ltd | 56.50 | 0.57 | $295,716,529 |
| YAR | Yari Minerals Ltd | 2.00 | 0.02 | $9,164,798 |
| PAT | Patriot Lithium | 21.00 | 0.21 | $12,277,500 |
| STM | Sunstone Metals Ltd | 2.40 | 0.02 | $70,885,652 |
| MHK | Metalhawk. | 12.00 | 0.12 | $9,058,666 |
| LRS | Latin Resources Ltd | 37.50 | 0.38 | $944,352,947 |
| CHR | Charger Metals | 27.50 | 0.28 | $16,460,308 |
| AGY | Argosy Minerals Ltd | 28.50 | 0.29 | $386,212,062 |
| MQR | Marquee Resource Ltd | 3.60 | 0.04 | $11,574,763 |
| AAJ | Aruma Resources Ltd | 3.90 | 0.04 | $7,455,670 |
| G88 | Golden Mile Res Ltd | 3.90 | 0.04 | $12,516,801 |
| GW1 | Greenwing Resources | 20.00 | 0.20 | $33,690,317 |
| VUL | Vulcan Energy | 385.00 | 3.85 | $629,180,732 |
| ZEO | Zeotech Limited | 4.30 | 0.04 | $71,648,769 |
| TYX | Tyranna Res Ltd | 2.15 | 0.02 | $69,014,932 |
| MAN | Mandrake Res Ltd | 4.40 | 0.04 | $25,746,677 |
| PSC | Prospect Res Ltd | 11.25 | 0.11 | $50,848,541 |
| GL1 | Globallith | 162.00 | 1.62 | $411,772,220 |
| LIT | Lithium Australia | 4.80 | 0.05 | $57,396,009 |
| ANX | Anax Metals Ltd | 5.70 | 0.06 | $24,074,619 |
| MTM | MTM Critical Metals | 6.00 | 0.06 | $5,725,757 |
| MLS | Metals Australia | 3.15 | 0.03 | $19,345,122 |
| PGD | Peregrine Gold | 31.50 | 0.32 | $17,391,809 |
| ASN | Anson Resources Ltd | 16.25 | 0.16 | $203,308,510 |
| NVA | Nova Minerals Ltd | 33.00 | 0.33 | $68,539,237 |
| LEL | Lithenergy | 70.00 | 0.70 | $71,076,900 |
| LM1 | Leeuwin Metals Ltd | 37.50 | 0.38 | $16,570,450 |
| FRS | Forrestaniaresources | 8.00 | 0.08 | $7,356,670 |
| EUR | European Lithium Ltd | 8.30 | 0.08 | $114,327,612 |
| AZI | Altamin Limited | 8.30 | 0.08 | $32,120,774 |
| TKM | Trek Metals Ltd | 8.70 | 0.09 | $42,408,327 |
| ESS | Essential Metals Ltd | 46.00 | 0.46 | $122,331,285 |
| IR1 | Irismetals | 205.00 | 2.05 | $161,851,900 |
| GT1 | Greentechnology | 56.50 | 0.57 | $119,267,413 |
| WES | Wesfarmers Limited | 5080.00 | 50.80 | $57,255,277,740 |
| PMT | Patriotbatterymetals | 142.00 | 1.42 | $492,929,669 |
| AKE | Allkem Limited | 1451.00 | 14.51 | $9,246,042,247 |
| ADV | Ardiden Ltd | 0.60 | 0.01 | $16,130,012 |
| 1MC | Morella Corporation | 0.70 | 0.01 | $42,690,063 |
| AML | Aeon Metals Ltd. | 1.60 | 0.02 | $17,542,410 |
| AVZ | AVZ Minerals Ltd | 78.00 | 0.78 | $2,752,409,203 |
| EMH | European Metals Hldg | 84.00 | 0.84 | $104,963,337 |
| INR | Ioneer Ltd | 27.00 | 0.27 | $569,541,453 |
| JRL | Jindalee Resources | 182.00 | 1.82 | $104,429,718 |
| LPI | Lithium Pwr Int Ltd | 28.00 | 0.28 | $176,186,517 |
| RLC | Reedy Lagoon Corp. | 0.80 | 0.01 | $4,533,757 |
| TKL | Traka Resources | 0.70 | 0.01 | $6,099,305 |
| TON | Triton Min Ltd | 2.70 | 0.03 | $42,156,601 |
| BMM | Balkanminingandmin | 22.00 | 0.22 | $13,435,843 |
| ARN | Aldoro Resources | 16.50 | 0.17 | $22,212,918 |
| AM7 | Arcadia Minerals | 10.50 | 0.11 | $9,875,261 |
| BYH | Bryah Resources Ltd | 1.90 | 0.02 | $6,640,600 |
| EMS | Eastern Metals | 5.50 | 0.06 | $3,659,691 |
| FG1 | Flynngold | 7.00 | 0.07 | $9,546,781 |
| GSM | Golden State Mining | 4.70 | 0.05 | $8,981,149 |
| IMI | Infinitymining | 13.00 | 0.13 | $10,036,180 |
| LRV | Larvottoresources | 15.00 | 0.15 | $10,088,208 |
| MMC | Mitremining | 30.00 | 0.30 | $11,470,530 |
| RAG | Ragnar Metals Ltd | 2.20 | 0.02 | $10,427,581 |
| CTN | Catalina Resources | 0.50 | 0.01 | $6,192,434 |
| WML | Woomera Mining Ltd | 1.10 | 0.01 | $10,518,140 |
| AZL | Arizona Lithium Ltd | 1.90 | 0.02 | $60,096,750 |
| CRR | Critical Resources | 4.20 | 0.04 | $74,648,712 |
| PNN | Power Minerals Ltd | 33.00 | 0.33 | $24,161,339 |
| QXR | Qx Resources Limited | 3.20 | 0.03 | $28,699,594 |
| ENT | Enterprise Metals | 0.40 | 0.00 | $3,197,884 |
| KAI | Kairos Minerals Ltd | 2.70 | 0.03 | $70,764,629 |
| AVW | Avira Resources Ltd | 0.20 | 0.00 | $4,267,580 |
| BNR | Bulletin Res Ltd | 5.40 | 0.05 | $15,853,919 |
| A8G | Australasian Metals | 16.50 | 0.17 | $8,599,882 |
| EFE | Eastern Resources | 1.00 | 0.01 | $12,419,465 |
| SRZ | Stellar Resources | 1.20 | 0.01 | $12,071,571 |
| LSR | Lodestar Minerals | 0.70 | 0.01 | $12,903,781 |
| AOA | Ausmon Resorces | 0.40 | 0.00 | $3,877,157 |
| IPT | Impact Minerals | 1.60 | 0.02 | $45,515,262 |
| SRI | Sipa Resources Ltd | 2.10 | 0.02 | $4,791,321 |
| VMC | Venus Metals Cor Ltd | 13.50 | 0.14 | $25,613,372 |
| RGL | Riversgold | 1.30 | 0.01 | $12,366,399 |
| ZNC | Zenith Minerals Ltd | 7.40 | 0.07 | $26,076,185 |
| RAS | Ragusa Minerals Ltd | 5.50 | 0.06 | $7,842,933 |
| EVR | Ev Resources Ltd | 1.50 | 0.02 | $14,039,761 |
| MXR | Maximus Resources | 3.60 | 0.04 | $11,529,208 |
| LRD | Lordresourceslimited | 8.90 | 0.09 | $3,304,759 |
| WMC | Wiluna Mining Corp | 20.50 | 0.21 | $74,238,031 |
| AUN | Aurumin | 2.30 | 0.02 | $6,785,911 |
| ALY | Alchemy Resource Ltd | 1.40 | 0.01 | $16,493,068 |
| KTA | Krakatoa Resources | 2.80 | 0.03 | $11,938,544 |
| DAF | Discovery Alaska Ltd | 2.60 | 0.03 | $6,090,102 |
| DAL | Dalaroometalsltd | 5.50 | 0.06 | $2,853,125 |
| TUL | Tulla Resources | 0.00 | 0.00 | $118,262,971 |
| LLL | Leolithiumlimited | 114.00 | 1.14 | $1,125,447,873 |
| CMD | Cassius Mining Ltd | 3.80 | 0.04 | $18,875,672 |
| SGQ | St George Min Ltd | 4.00 | 0.04 | $33,862,999 |
| ENT | Enterprise Metals | 0.40 | 0.00 | $3,197,884 |
| FIN | FIN Resources Ltd | 1.30 | 0.01 | $8,073,460 |
| DTM | Dart Mining NL | 3.30 | 0.03 | $5,685,478 |
| NIS | Nickelsearch | 7.30 | 0.07 | $6,981,018 |
| XTC | Xantippe Res Ltd | 0.10 | 0.00 | $11,480,100 |
| KOB | Kobaresourceslimited | 11.00 | 0.11 | $11,595,833 |
| LRD | Lordresourceslimited | 8.90 | 0.09 | $3,304,759 |
| IEC | Intra Energy Corp | 0.50 | 0.01 | $8,103,908 |
| SLM | Solismineralsltd | 38.50 | 0.39 | $25,783,607 |
| DYM | Dynamicmetalslimited | 21.00 | 0.21 | $7,350,000 |
| TMX | Terrain Minerals | 0.60 | 0.01 | $6,499,196 |
| MHC | Manhattan Corp Ltd | 0.80 | 0.01 | $23,495,838 |
| NKL | Nickelxltd | 7.00 | 0.07 | $6,050,470 |
| GLN | Galan Lithium Ltd | 79.50 | 0.80 | $279,070,560 |
| IGO | IGO Limited | 1311.50 | 13.12 | $10,071,661,913 |
| RIO | Rio Tinto Limited | 10807.50 | 108.08 | $40,703,857,865 |
| LTR | Liontown Resources | 270.00 | 2.70 | $6,034,180,306 |
| SCN | Scorpion Minerals | 6.00 | 0.06 | $21,088,078 |
| LIS | Lisenergylimited | 29.50 | 0.30 | $49,774,256 |
| CXO | Core Lithium | 57.00 | 0.57 | $1,077,939,741 |
| LPM | Lithium Plus | 27.50 | 0.28 | $18,476,696 |
| PLS | Pilbara Min Ltd | 526.50 | 5.27 | $16,100,837,459 |
| AS2 | Askarimetalslimited | 25.00 | 0.25 | $17,434,465 |
| QPM | Queensland Pacific | 9.70 | 0.10 | $172,888,444 |
| DLI | Delta Lithium | 67.00 | 0.67 | $357,963,661 |
| NWM | Norwest Minerals | 4.40 | 0.04 | $12,940,628 |
| WR1 | Winsome Resources | 173.00 | 1.73 | $287,588,745 |
| MIN | Mineral Resources. | 6779.00 | 67.79 | $13,496,956,694 |
| TMB | Tambourahmetals | 20.50 | 0.21 | $11,110,576 |
| FBM | Future Battery | 10.25 | 0.10 | $44,923,739 |
| TMB | Tambourahmetals | 20.50 | 0.21 | $11,110,576 |
| BM8 | Battery Age Minerals | 37.00 | 0.37 | $28,202,902 |
| CAI | Calidus Resources | 17.00 | 0.17 | $106,378,976 |
| MM1 | Midasmineralsltd | 32.50 | 0.33 | $25,797,759 |
| DRE | Dreadnought Resources Ltd | 4.85 | 0.05 | $167,113,911 |
| CY5 | Cygnus Metals Ltd | 28.50 | 0.29 | $65,864,808 |
| MRR | Minrex Resources Ltd | 1.40 | 0.01 | $15,730,579 |
| SYA | Sayona Mining Ltd | 13.50 | 0.14 | $1,441,061,442 |
| FTL | Firetail Resources | 13.50 | 0.14 | $13,475,000 |
| TOR | Torque Met | 13.50 | 0.14 | $13,487,185 |
| PLL | Piedmont Lithium Inc | 69.50 | 0.70 | $277,568,063 |
| ICL | Iceni Gold | 10.50 | 0.11 | $22,942,857 |
| LKE | Lake Resources | 20.00 | 0.20 | $298,713,388 |
| MNS | Magnis Energy Tech | 10.00 | 0.10 | $123,847,306 |
| PAM | Pan Asia Metals | 25.50 | 0.26 | $42,055,587 |
| OCN | Oceanalithiumlimited | 24.00 | 0.24 | $13,534,508 |
| LLI | Loyal Lithium Ltd | 51.00 | 0.51 | $37,327,051 |
| EMC | Everest Metals Corp | 14.00 | 0.14 | $19,414,966 |
| EMC | Everest Metals Corp | 14.00 | 0.14 | $19,414,966 |
| AZS | Azure Minerals | 239.00 | 2.39 | $1,006,809,066 |
| INF | Infinity Lithium | 11.00 | 0.11 | $55,511,051 |
| SBR | Sabre Resources | 3.70 | 0.04 | $11,950,934 |
| VKA | Viking Mines Ltd | 0.90 | 0.01 | $10,252,584 |
| AX8 | Accelerate Resources | 2.40 | 0.02 | $10,249,247 |
| THR | Thor Energy PLC | 0.40 | 0.00 | $6,566,812 |
| TEM | Tempest Minerals | 1.40 | 0.01 | $8,109,146 |
45 lithium stocks were up today and 44 remained flat. 58 took a tumble.
WHO’S GOT NEWS OUT?
POWER MINERALS (ASX:PNN)
Argentina-focused PNN has returned strong lithium grades from brine at its Salta lithium project.
A first diamond hole at the Rincon salar drilled down to 345m and assays showed grades of up to 331mg/l of lithium suggesting strong aquifer thickness for brine.
It’s early stages at the moment, but this first hole result of a total three holes across 1,000m bodes well for the rest of the initial campaign at the deposit.
Last month, PNN announced a maiden resource estimate at its Incahuasi salar, with 249,308t LCE @ 198mg/l concentration.
The whole Salta project currently has a total resource of 488,308t LCE.
LITHIUM ENERGY (ASX:LEL)
LEL has posted a 3.3Mt maiden resource estimate at its Solaroz lithium brine project in Argentina.
Solaroz, next door to Allkem’s (ASX:AKE) lithium facility in the Salar de Olaroz Basin, is expected to grow further as LEL continues to spin the drill bit. Five holes remain to be drilled of the 10-hole campaign.
Within that 3.3Mt lithium carbonate equivalent (LCE) resource is a high-grade core of 1.34Mt of LCE with an average concentration of 405mg/l lithium (at a 350mg/l lithium cut-off grade).
Lithium Energy plans to build a 20,000-40,000tpa LCE pond evaporation plant at Solaroz and is currently advancing plans for the construction of an initial 3,000tpa LCE production plant with Xi’an Lanshen New Material Technology, to be located at the Mario Angel concession within the project area.
“This maiden resource estimate of 3.3Mt of LCE confirms the potential for Solaroz to be a world-class lithium project, with reported lithium grades, brine volumes, Mg/Li ratios, and specific yields all being positive indicators for the potential economic future brine extraction at Solaroz,” LEL chair William Johnson said.
“With the establishment of this significant maiden resource, the company will now focus on fast-tracking the development of Solaroz.”
At Stockhead, we tell it like it is. While Lithium Energy is a Stockhead advertiser, they did not sponsor this article.
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