Eye on Lithium: Panasonic bets big with second US battery facility

Panasonic plans to double capacity with another battery plant in the US
Arizona Lithium raises $12m to develop its processing plant and research centre
Anson Resources reports high concentrations of lithium and bromine at the Paradox project

All your ASX lithium news for Monday, July 18

Panasonic is planning to develop a US-based lithium-ion battery manufacturing facility in Kansas, with the State approving an Attracting Powerful Economic Expansion (APEX) application.

“With the increased electrification of the automotive market, expanding battery production in the US is critical to help meet demand,” Panasonic Energy president and CEO Kazuo Tadanobu says.

“Given our leading technology and depth of experience, we aim to continue driving growth of the lithium-ion battery industry and accelerating towards a net-zero emissions future.”

Panasonic says the plant could create up to 4,000 new jobs and result in an investment of approximately $4 billion.

Betting big on the US market

Benchmark Minerals Intelligence says Panasonic is betting big on the US market, with the plant expected to double production capacity.

The company has been producing lithium-ion batteries out of its Panasonic Energy of North America (PENA) plant in Nevada for the last five years – with more than 6 billion EV battery cells shipped to date.

“The new gigafactory will boost Panasonic’s 10-year GWh pipeline which is currently about 90GWh,” BMI boss Simon Moores says.

“But it won’t be enough, the USA needs to triple its Giga speed from 725Gwh by 2032 to at least 3,000GWh / 3TWh.”

Tesla wants 2 terawatt-hours of capacity

The Japanese battery producer also said that Tesla had asked it to secure 2 terawatt-hours of battery capacity, including raw materials.

“For the next challenge, Tesla wants two terawatt hour of battery manufacturing,” Panasonic’s chief technology officer Shoichiro Watanabe told the recent Sydney Energy Forum.

“It’s an unbelievable scale, so we have to build up more supply chains, mining, everything.”

For context, that level of battery capacity is the equivalent of producing one trillion watts over one hour – and it’s about 1,000 times Giga production.

Here’s how ASX lithium stocks were tracking today:

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Code	Company	Price	% Month	% Week	% Today	Market Cap
RLC	Reedy Lagoon Corp.	0.02	43%	0%	18%	$ 9,476,257.50
NWM	Norwest Minerals	0.031	3%	0%	15%	$ 4,876,399.45
TON	Triton Min Ltd	0.017	-23%	0%	13%	$ 18,881,762.66
THR	Thor Mining PLC	0.01	0%	0%	11%	$ 9,620,108.76
CZL	Cons Zinc Ltd	0.02	11%	0%	11%	$ 6,540,440.63
EMH	European Metals Hldg	0.72	4%	4%	10%	$ 78,510,177.23
ASN	Anson Resources Ltd	0.12	9%	9%	9%	$ 113,070,356.85
SRI	Sipa Resources Ltd	0.038	-5%	-5%	9%	$ 7,175,868.11
LIS	Lisenergylimited	0.64	51%	16%	8%	$ 97,889,370.33
MRR	Minrex Resources Ltd	0.0335	2%	-7%	8%	$ 32,864,555.79
A8G	Australasian Metals	0.215	8%	0%	8%	$ 8,234,098.80
TKM	Trek Metals Ltd	0.059	-13%	5%	7%	$ 17,083,558.25
BYH	Bryah Resources Ltd	0.03	-3%	-6%	7%	$ 6,333,800.90
FRS	Forrestaniaresources	0.15	11%	0%	7%	$ 4,352,082.56
KAI	Kairos Minerals Ltd	0.0225	13%	2%	7%	$ 41,203,963.31
STM	Sunstone Metals Ltd	0.045	7%	-2%	7%	$ 109,050,749.60
IPT	Impact Minerals	0.0075	-6%	-6%	7%	$ 17,369,593.89
LTR	Liontown Resources	1.015	0%	0%	7%	$ 2,082,613,938.10
CHR	Charger Metals	0.47	21%	-2%	7%	$ 14,335,655.40
TEM	Tempest Minerals	0.048	26%	-4%	7%	$ 22,714,477.92
OCN	Oceanalithiumlimited	0.4	0%	11%	7%	$ 12,571,875.00
AGY	Argosy Minerals Ltd	0.34	0%	0%	6%	$ 433,936,315.84
CXO	Core Lithium	0.95	-17%	0%	6%	$ 1,551,228,065.82
SYA	Sayona Mining Ltd	0.1425	10%	-5%	6%	$ 1,113,311,610.45
LRV	Larvottoresources	0.195	-9%	-13%	5%	$ 7,683,512.50
GL1	Globallith	1.0825	-9%	-9%	5%	$ 163,459,203.68
TYX	Tyranna Res Ltd	0.021	50%	5%	5%	$ 30,647,213.34
FTL	Firetail Resources	0.21	-30%	-11%	5%	$ 12,356,500.00
AS2	Askarimetalslimited	0.22	-17%	-12%	5%	$ 8,734,796.70
INR	Ioneer Ltd	0.455	28%	-1%	5%	$ 912,365,935.86
LKE	Lake Resources	0.63	-59%	-13%	4%	$ 840,774,493.13
ZNC	Zenith Minerals Ltd	0.265	-15%	6%	4%	$ 87,914,381.15
KTA	Krakatoa Resources	0.053	-4%	0%	4%	$ 17,580,205.77
LPD	Lepidico Ltd	0.028	12%	4%	4%	$ 175,693,631.39
PNN	Power Minerals Ltd	0.42	6%	1%	4%	$ 24,914,330.33
EVR	Ev Resources Ltd	0.028	4%	-13%	4%	$ 25,001,569.92
AKE	Allkem Limited	10.1	0%	-3%	3%	$ 6,223,542,919.36
IGO	IGO Limited	9.56	-11%	-4%	3%	$ 6,997,154,592.12
CY5	Cygnus Gold Limited	0.15	-12%	-6%	3%	$ 17,107,870.68
AOU	Auroch Minerals Ltd	0.061	-10%	-12%	3%	$ 21,797,656.14
SRZ	Stellar Resources	0.0165	-8%	-8%	3%	$ 13,428,842.02
PLL	Piedmont Lithium Inc	0.5	-26%	-9%	3%	$ 255,871,838.00
1MC	Morella Corporation	0.0175	17%	-13%	3%	$ 87,995,637.76
EUR	European Lithium Ltd	0.07	25%	13%	3%	$ 94,145,416.08
LRS	Latin Resources Ltd	0.07	15%	-4%	3%	$ 131,244,334.18
WR1	Winsome Resources	0.18	-20%	-10%	3%	$ 23,644,948.95
MM1	Midasmineralsltd	0.18	-8%	-8%	3%	$ 9,998,058.70
TUL	Tulla Resources	0.545	12%	-1%	3%	$ 84,914,942.16
MIN	Mineral Resources.	44.53	-17%	-5%	3%	$ 8,216,213,688.18
LPI	Lithium Pwr Int Ltd	0.41	14%	-10%	3%	$ 139,657,939.20
ESS	Essential Metals Ltd	0.3625	1%	-5%	2%	$ 87,503,035.88
RIO	Rio Tinto Limited	95.13	-14%	-2%	2%	$ 34,623,336,279.78
PLS	Pilbara Min Ltd	2.425	18%	3%	2%	$ 7,084,899,153.92
MNS	Magnis Energy Tech	0.295	-2%	-5%	2%	$ 280,280,745.41
CAI	Calidus Resources	0.62	-4%	-2%	2%	$ 248,593,884.38
AAJ	Aruma Resources Ltd	0.063	-11%	-3%	2%	$ 9,731,613.19
NMT	Neometals Ltd	0.955	3%	-8%	2%	$ 515,473,812.24
RAS	Ragusa Minerals Ltd	0.077	-15%	-6%	1%	$ 9,555,947.86
WMC	Wiluna Mining Corp	0.1925	-60%	-13%	1%	$ 68,805,979.65
M2R	Miramar	0.091	-17%	-9%	1%	$ 5,776,799.67
GLN	Galan Lithium Ltd	0.98	-10%	-7%	1%	$ 295,267,381.14
JRL	Jindalee Resources	2.5	-13%	-14%	1%	$ 142,299,835.68
VUL	Vulcan Energy	5.82	3%	1%	1%	$ 828,478,039.78
PAM	Pan Asia Metals	0.3775	-17%	-7%	1%	$ 27,720,090.75
WES	Wesfarmers Limited	46.13	11%	3%	0%	$ 52,077,282,315.06
ADV	Ardiden Ltd	0.006	-25%	-14%	0%	$ 16,010,012.14
AML	Aeon Metals Ltd.	0.027	17%	-7%	0%	$ 26,760,545.72
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	$ 2,752,409,203.44
MLS	Metals Australia	0.046	-4%	-12%	0%	$ 26,129,664.79
QPM	Queensland Pacific	0.125	14%	-4%	0%	$ 195,451,641.38
PSC	Prospect Res Ltd	0.985	4%	0%	0%	$ 455,325,570.07
TKL	Traka Resources	0.005	-38%	-17%	0%	$ 3,443,872.81
BMM	Balkanminingandmin	0.19	0%	9%	0%	$ 6,222,500.00
ARN	Aldoro Resources	0.14	-3%	-15%	0%	$ 13,921,224.38
AX8	Accelerate Resources	0.029	-6%	-3%	0%	$ 7,843,308.07
AM7	Arcadia Minerals	0.16	-16%	7%	0%	$ 7,471,662.72
GSM	Golden State Mining	0.042	-11%	2%	0%	$ 4,889,695.40
IMI	Infinitymining	0.135	17%	-4%	0%	$ 7,762,500.00
MMC	Mitremining	0.125	4%	4%	0%	$ 3,385,637.50
SHH	Shree Minerals Ltd	0.009	29%	13%	0%	$ 11,146,382.03
TSC	Twenty Seven Co. Ltd	0.003	0%	0%	0%	$ 7,982,441.72
WML	Woomera Mining Ltd	0.015	-17%	-17%	0%	$ 10,302,495.99
KGD	Kula Gold Limited	0.03	20%	3%	0%	$ 6,455,268.96
QXR	Qx Resources Limited	0.027	-10%	-13%	0%	$ 23,202,782.67
ENT	Enterprise Metals	0.01	-17%	0%	0%	$ 6,446,468.55
PGD	Peregrine Gold	0.445	17%	6%	0%	$ 17,037,567.71
AVW	Avira Resources Ltd	0.003	-25%	0%	0%	$ 6,356,370.00
GT1	Greentechnology	0.6	-15%	7%	0%	$ 110,561,785.80
RMX	Red Mount Min Ltd	0.006	20%	20%	0%	$ 9,854,183.15
RDT	Red Dirt Metals Ltd	0.33	-14%	-14%	0%	$ 100,502,960.58
EFE	Eastern Resources	0.025	0%	-17%	0%	$ 24,860,915.78
LSR	Lodestar Minerals	0.0065	8%	-7%	0%	$ 11,299,842.76
VKA	Viking Mines Ltd	0.007	17%	0%	0%	$ 7,176,809.02
VMC	Venus Metals Cor Ltd	0.16	7%	-6%	0%	$ 25,612,589.28
RGL	Riversgold	0.027	-10%	-10%	0%	$ 20,422,151.97
G88	Golden Mile Res Ltd	0.028	-32%	-7%	0%	$ 5,704,513.19
EPM	Eclipse Metals	0.02	-5%	0%	0%	$ 38,422,528.26
WC8	Wildcat Resources	0.025	-17%	0%	0%	$ 16,131,818.18
XTC	Xantippe Res Ltd	0.008	-11%	-11%	0%	$ 63,689,188.51
AUN	Aurumin	0.15	15%	30%	0%	$ 16,383,487.80
ALY	Alchemy Resource Ltd	0.0155	-9%	-3%	0%	$ 14,772,647.88
GW1	Greenwing Resources	0.24	7%	12%	0%	$ 29,579,363.76
DAF	Discovery Alaska Ltd	0.045	-12%	2%	0%	$ 10,090,561.41
IR1	Irismetals	0.245	-18%	-9%	0%	$ 14,608,125.00
LNR	Lanthanein Resources	0.015	-6%	-6%	0%	$ 12,567,383.55
DAL	Dalaroometalsltd	0.1	5%	-9%	0%	$ 2,987,500.00
AZI	Altamin Limited	0.095	0%	0%	-1%	$ 37,604,808.19
LLL	Leolithiumlimited	0.425	0%	-11%	-1%	$ 424,262,472.16
SCN	Scorpion Minerals	0.067	-7%	-6%	-1%	$ 22,564,521.06
MQR	Marquee Resource Ltd	0.065	-4%	-10%	-2%	$ 20,830,760.28
DRE	Dreadnought Resources Ltd	0.045	22%	-2%	-2%	$ 130,579,443.35
LRD	Lordresourceslimited	0.195	8%	-11%	-3%	$ 6,356,924.20
CRR	Critical Resources	0.038	-30%	-7%	-3%	$ 58,032,594.32
NVA	Nova Minerals Ltd	0.705	26%	-5%	-3%	$ 130,646,656.63
LIT	Lithium Australia	0.069	3%	-1%	-3%	$ 73,514,062.08
LEL	Lithenergy	0.65	-20%	-13%	-3%	$ 30,250,500.00
TMB	Tambourahmetals	0.145	-3%	4%	-3%	$ 6,178,889.70
KZR	Kalamazoo Resources	0.225	-2%	5%	-4%	$ 34,120,677.89
INF	Infinity Lithium	0.11	-12%	0%	-4%	$ 47,726,502.59
BNR	Bulletin Res Ltd	0.11	-8%	-4%	-4%	$ 33,647,976.50
FG1	Flynngold	0.1	-9%	-23%	-5%	$ 6,726,410.25
MXR	Maximus Resources	0.043	-10%	-9%	-7%	$ 14,623,665.33
ZEO	Zeotech Limited	0.042	-22%	-11%	-7%	$ 68,621,196.15
AZL	Arizona Lithium Ltd	0.079	-12%	-12%	-7%	$ 189,847,244.15
RAG	Ragnar Metals Ltd	0.036	-10%	-12%	-8%	$ 14,788,210.67
WCN	White Cliff Min Ltd	0.012	-20%	-20%	-8%	$ 8,496,843.71
MTM	Mtmongerresources	0.11	-8%	-8%	-8%	$ 4,501,203.96
AOA	Ausmon Resorces	0.0055	10%	-8%	-8%	$ 5,143,736.06
MMG	Monger Gold Ltd	0.195	-13%	-9%	-9%	$ 8,608,600.00
DTM	Dart Mining NL	0.058	0%	-11%	-11%	$ 8,791,910.40
EMS	Eastern Metals	0.13	0%	-13%	-13%	$ 5,340,000.00

A total of 64 stocks were in the green today, 42 were flat and 25 were red.

Who’s got news out today?

ARIZONA LITHIUM (ASX:AZL)

The company has raised $12m via a placement to purchase the land for its lithium processing plant in the USA.

The company will also use the funds for the expansion and operation of its lithium research centre, which will function as a technology incubator focused on the extraction of lithium from a variety of ores and brines, as well as the production of battery- grade lithium chemicals for current and future battery technologies.

Plus, the cap raising will be used to secure IP protection over the company’s processing technology, and to facilitate the addition of Brett Rabe to the management team – who brings expertise in lithium processing technology to his role as chief technical officer.

ANSON RESOURCES (ASX:ASN)

High concentrations of lithium and bromine have been reported from recent drilling at the Long Canyon No. 2 well at Anson’s Paradox Lithium Project in the US.

Results include 97ppm lithium, 882ppm bromine in Clastic Zone 33 (11ft thick)

The company says these assays will be included in the upcoming resource upgrade which will be included in the definitive feasibility study currently underway.

Plus, there’s also scope for further Resource expansion via targeted drilling in the western areas of the Paradox Project.

WOOMERA MINING (ASX:WML)

WML has a portfolio of WA lithium, gold and base metals projects and says heritage surveys have been completed and approvals expected to allow commencement of Aircore (AC) drilling at Lake Dundas lithium project in the September quarter.

Geochemical sampling has been partially completed over Pilbara and Ravensthorpe lithium projects, with additional work scheduled for the September quarter.