• 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.

commodities lithium batteries (lel)
Battery minerals need quite an uptick in production to meet EV demand alone. Pic supplied (Bloomberg).

 

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
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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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