Battery metals players — particularly those in lithium — continue to lead a bullish resources sector with strong 12-month share price performances.

ASX lithium stocks tracked by Stockhead have made big gains over the past year – led by Kidman Resources (ASX:KDR), which is up 409 per cent after it shook hands with American car giant Tesla.

There are more than 100 ASX stocks that offer exposure to lithium according to leading ASX data provider MakCorp.

Of these, more than two-thirds have made gains over the past year.

>> Scroll down for a list of ASX stocks with lithium exposure, courtesy of leading ASX data provider MakCorp

Despite a pull-back earlier this year due to over-supply concerns — only a quarter of lithium stocks are ahead since January — there is confidence of growing demand from battery and electric car makers.

Specifically, miners who produce lithium hydroxide are likely to witness increased interest, according to market intelligence firm Roskill.

Lithium hydroxide is mainly used to produce lithium greases, but it is also used as a heat-transfer medium and as a storage-battery electrolyte.

Lithium carbonate, however, has been the more widely produced compound and is usually the first product in the lithium production chain.

Lithium hydroxide in vogue

That is now changing with lithium hydroxide becoming more popular among electric car battery makers because it can produce cathode material more efficiently.

It is also a key component for the cathodes that go into the nickel-cobalt-aluminium batteries favoured by Tesla and the nickel-cobalt-manganese batteries that are more popular with rival car makers.

The cathode is used to conduct electricity flows out of a battery or device.

“Despite its higher price, lithium hydroxide offers higher performance in lithium-ion batteries, especially given the new regulatory requirements in countries such as China where range and energy density is strictly controlled,” Roskill said in a new lithium market report released this week.

In 2017, around 30 per cent of the lithium used in automotive lithium-ion batteries was lithium hydroxide and this proportion is expected to increase within the next decade, Roskill noted.

Melbourne-based Kidman Resources made history last week as the first Australian miner to do a deal with American electric car giant Tesla.

The three-year deal, which has an option for a further six years, is for the supply of lithium hydroxide.

Lithium Australia boss Adrian Griffin told Stockhead earlier this week there was “absolutely no doubt” Australia’s lithium miners would see more of these types of deals.

Roskill says Tesla’s production target of 1 million electric cars by 2020 implies a lithium requirement of around 50,000 tonnes of lithium carbonate.

Demand from car makers passed 34,000 tonnes of lithium carbonate equivalent last year and Roskill sees that more than doubling by the end of the decade.

Last year rechargeable batteries accounted for 43 per cent of total lithium demand and that will continue to grow with the car industry now the biggest influencer on the lithium industry.

Over the past year about 70 ASX-listed lithium stocks have made share price gains.

Here’s a list of ASX stocks with exposure to lithium courtesy of leading ASX data provider MakCorp. (Scroll or swipe for full table)

ASX code Lithium explorer 12-month price change Price change since Jan * Price May 24 (intraday) Market Cap
GWR GWR GROUP 3.375 1.1875 0.175 45.4M
IEC INTRA ENERGY 0.0833333333333 1.16666666667 0.013 5.0M
AVL AUSTRALIAN VANADIUM 1.66666666667 1.10526315789 0.04 62.5M
TAR TARUGA GOLD 2.5 1.1 0.21 25.3M
DMI DEMPSEY MINERALS 2.51063829787 1.03703703704 0.165 11.6M
BSM BASS METALS 2.27272727273 1 0.036 75.4M
ORN ORION MINERALS 0.826086956522 0.68 0.042 58.4M
MQR MARQUEE RESOURCES 1.12820512821 0.627450980392 0.415 16.0M
BMZ BLACK MOUNTAIN 0.411764705882 0.6 0.024 5.8M
LCD LATITUDE 0.2 0.5 0.03 4.7M
WKT WALKABOUT 1.23076923077 0.380952380952 0.145 36.2M
ENT ENTERPRISE METAL -0.161290322581 0.368421052632 0.026 7.8M
SCI SILVER CITY MINES 1 0.333333333333 0.044 11.3M
KOR KORAB RESOURCES 1.375 0.310344827586 0.038 10.9M
ZNC ZENITH MINERALS 0.714285714286 0.285714285714 0.18 37.2M
DTM DART MINING 0.666666666667 0.25 0.01 7.1M
KDR KIDMAN RESOURCES 4.09375 0.2225 2.445 970.9M
DHR DARK HORSE RESOURCES 2.83333333333 0.210526315789 0.023 38.5M
TKL TRAKA RESOURCES 1.16666666667 0.181818181818 0.052 17.6M
GSC GLOBAL GEOSCIENCES 1.44736842105 0.177215189873 0.465 629.4M
CAZ CAZALY RESOURCES 0.229166666667 0.156862745098 0.059 13.6M
RIO RIO TINTO 0.316296180338 0.0991503267974 84.085 138.3B
DEG DE GREY MINING 2.20754716981 0.0967741935484 0.17 56.9M
AGY ARGOSY MINERALS 2.13684210526 0.0642857142857 0.298 275.5M
KSN KINGSTON RESOURCES 0.157894736842 0.047619047619 0.022 26.7M
ADN ANDROMEDA METALS 0.4 0 0.007 6.3M
MLS METALS AUSTRALIA 0.25 0 0.005 14.0M
ZEU ZEUS RESOURCES 0.153846153846 0 0.015 2.7M
CUL CULLEN 0 0 0.002 5.2M
MZN MARINDI METALS 0 0 0.012 21.4M
ESR ESTRELLA RESOURCES -0.115384615385 0 0.023 9.9M
CGM COUGAR METALS -0.142857142857 0 0.006 5.5M
OAR OAKDALERESOURCES -0.5 -0.0322580645161 0.03 1.9M
VMC VENUS METALS 0.315789473684 -0.0384615384615 0.125 9.9M
NLI NOVOITIO -0.127272727273 -0.04 0.048 17.9M
AEE AURA ENERGY -0.153846153846 -0.0434782608696 0.022 21.7M
ADV ARDIDEN -0.117647058824 -0.0625 0.015 22.1M
KAI KAIROS MINERALS 0.904761904762 -0.0697674418605 0.04 34.3M
PLL PIEDMONTITHIUM 1 -0.0769230769231 0.18 99.7M
SRK STRIKE RESOURCES 0.148936170213 -0.1 0.054 7.8M
AOU AUROCH MINERALS -0.526315789474 -0.1 0.09 8.5M
HWK HAWKSTONE MINING 1.07692307692 -0.129032258065 0.027 8.1M
ORE OROCOBRE 0.654320987654 -0.134987806627 6.03 1.6B
MIN MINERAL RESOURCES 0.832669322709 -0.137365213315 18.4 3.5B
MZZ MATADOR MINING 0.341463414634 -0.153846153846 0.275 7.0M
CMC CHINA MAGNESIUM 0.428571428571 -0.166666666667 0.02 5.6M
HNR HANNANS 0.25 -0.166666666667 0.015 29.6M
AJM ALTURA MINING 1.67857142857 -0.166666666667 0.375 673.4M
SEI SPECIALITY METAL 1.71428571429 -0.173913043478 0.019 11.0M
VXR VENTUREX 1.33333333333 -0.176470588235 0.014 50.4M
PM1 PURE MINERALS -0.15 -0.190476190476 0.017 4.6M
TAW TAWANA RESOURCES 0.615384615385 -0.192307692308 0.42 237.1M
CHK COHIBA MINERALS -0.466666666667 -0.2 0.008 5.0M
DGR DGR GLOBAL -0.3 -0.208695652174 0.091 55.8M
GXY GALAXY RESOURCES 0.286324786325 -0.222222222222 3.01 1.3B
AGO ATLAS IRON 1.06666666667 -0.225 0.031 287.7M
EUR EUROPEANITHIUM 3.34782608696 -0.230769230769 0.2 109.1M
NVA NOVA MINERALS 2.18181818182 -0.239130434783 0.035 26.3M
PLS PILBARA MINERALS 1.26923076923 -0.25 0.885 1.6B
PIO PIONEER RESOURCE 0.166666666667 -0.25 0.021 27.5M
POS POSEIDON NICKEL (suspended) 0.321428571429 -0.26 0.037 41.0M
PSC PROSPECT RESOURCES 0.5 -0.277777777778 0.039 75.3M
ARM AURORA MINERALS -0.4375 -0.289473684211 0.027 3.0M
NMT NEOMETALS 0.235294117647 -0.292134831461 0.315 173.9M
BGS BIRIMIAN 1.08333333333 -0.295774647887 0.5 116.4M
KLH KALIA -0.470588235294 -0.307692307692 0.009 22.6M
TKM TREK METALS -0.354838709677 -0.310344827586 0.02 6.2M
SI6 SIX SIGMA METALS -0.541666666667 -0.3125 0.011 5.0M
LPD LEPIDICO 2.41666666667 -0.327868852459 0.041 121.9M
CAD CAENEUS MINERALS -0.5 -0.333333333333 0.002 6.5M
KTA KRAKATOA 0.0294117647059 -0.339622641509 0.035 4.0M
LIT LITHIUM AUSTRALIA 0.25 -0.358974358974 0.125 54.3M
AVZ AVZ MINERALS 3.41176470588 -0.36170212766 0.15 289.6M
BAU BAUXITE RESOURCES -0.10447761194 -0.36170212766 0.06 12.9M
ARE ARGONAUT RESOURCES 1.625 -0.363636363636 0.021 31.1M
AMD ARROW MINERALS -0.294117647059 -0.368421052632 0.024 7.4M
THR THOR MINING 1.05882352941 -0.375 0.035 22.7M
PSM PENINSULA MINES -0.545454545455 -0.375 0.01 7.0M
4CE FORCE COMMODITIES 1.59090909091 -0.380434782609 0.057 23.1M
VMS VENTURE MINERALS 0.230769230769 -0.384615384615 0.032 14.2M
MCT METALICITY -0.46511627907 -0.394736842105 0.023 13.3M
DEV DEVEX RESOURCES 0 -0.4 0.006 5.5M
LI3 LITHIUM CONSOLIDATED -0.377777777778 -0.4 0.084 7.5M
BOA BOADICEA -0.321428571429 -0.40625 0.095 5.0M
CXO CORE EXPLORATION -0.301369863014 -0.413793103448 0.051 33.6M
SYA SAYONA MINING 1.58823529412 -0.421052631579 0.044 76.5M
MOX MONAX MINING -0.555555555556 -0.428571428571 0.004 2.7M
BMT BERKUT MINERALS -0.257142857143 -0.434782608696 0.13 7.3M
MTC METALSTECH -0.194444444444 -0.452830188679 0.145 16.7M
N27 NORTHERN COBALT (*listed Sep 2017) 0.225 -0.461538461538 0.245 12.5M
LTR LIONTOWN 1.33333333333 -0.461538461538 0.028 23.8M
LRS LATIN RESOURCES 0.75 -0.461538461538 0.007 18.4M
EMH EUROPEAN METALS -0.650943396226 -0.467625899281 0.37 51.8M
CFE CAPEAMBERT 0.241379310345 -0.478260869565 0.036 31.8M
CAS CRUSADER RESOURCES -0.686956521739 -0.485714285714 0.036 17.1M
LPI LITHIUM POWER 0.0357142857143 -0.491228070175 0.29 80.8M
MXR MAXIMUS RESOURCES -0.5 -0.5 0.001 3.2M
GPP GREENPOWER ENERGY -0.714285714286 -0.5 0.008 10.4M
INF INFINITYITHIUM -0.590697674419 -0.524324324324 0.088 17.3M
TRT TODD RIVER -0.486666666667 -0.547058823529 0.077 4.9M
LKE LAKE RESOURCES 1.5 -0.553571428571 0.125 33.6M
SUH SOUTHERN HEMISPHERES -0.420454545455 -0.607692307692 0.051 4.3M
PNN PEPINNINIITHIU 0.0434782608696 -0.717647058824 0.024 12.8M
MTH MITHRIL RESOURCES -0.65 -0.740740740741 0.014 1.7M
ASN ANSON RESOURCES 0.535714285714 -0.754285714286 0.043 18.2M
RLC REEDYAGOON -0.142857142857 -0.8 0.012 4.0M
WML WOOMERA MINING -0.88 -0.88 0.12 13.5M

 

Market darling AVZ Minerals (ASX:AVZ) has followed Kidman’s lead with a 341 per cent jump, while GWR Group (ASX:GWR) added 338 per cent to its share price and European Lithium (ASX:EUR) jumped 335 per cent.

However, the picture is much different since the start of this year, with only around 25 stocks making gains.

Diversified explorer GWR, which through its wholly owned subsidiary RWG Minerals is exploring for lithium in Western Australia, notched the biggest gain of about 119 per cent in the first five months of this year.

 

Stockhead is proud to use MakCorp as a provider of great value, accurate and reliable data on ASX-listed mining stocks. For more information head to MakCorp’s website.

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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.