• Sans coal and oil, battery metals are blowing the rest of the commodities complex away in 2022
  • Lithium carbonate and hydroxide are up 85% and 127% respectively
  • A breakdown of 2022’s five most popular ASX battery metals stocks

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.

 

While there are early signs that parabolic price growth may be slowing for battery metals, especially lithium, there’s no fighting the EV thematic in 2022.

Just look at these year-to-date numbers via Benchmark Mineral Intelligence, sourced early May:

  • Lithium carbonate and hydroxide, up 85% and 127% respectively;
  • Graphite, up 15.2%;
  • Cobalt, up 20.8%; and
  • Nickel sulphate, up 31.9%.

Sans coal and oil, battery metals are blowing the rest of the commodities complex away in 2022. Over the same period gold, iron ore and zinc are up 2.8%, 10% and 9.1%; silver, lead, tin, and copper are down 3.3%, 7.6%, 12.2% and 3.4% respectively.

 

What is your favourite battery metal stock?

While battery metals stock share prices have come off the boil lately – like everything else — many remain ahead substantially year-to-date.

Here’s a breakdown of the five most popular battery metals stocks for 2022, so far.

 

GALILEO MINING (ASX:GAL) +542%

Looking for: nickel, copper, PGEs

Punters are hoping for ‘Chalice Mining 2.0’ at GAL, which caught a rocket after announcing a major palladium-platinum-base metals discovery at the ‘Norseman’ project in WA.

The discovery hole at the ‘Callisto’ prospect returned a 33m-long intersection grading 2g/t 3E (1.64g/t palladium, 0.28g/t platinum, 0.09g/t gold), 0.32% copper & 0.30% nickel from 144m.

The discovery also includes rhodium, one of the rarest and most valuable precious metals in the world, which currently sells for $US15,500/oz.

Most global rhodium production is used in catalytic convertors, which control emissions in ICE and hybrid vehicles.

As you can see in the image below, GAL haven’t even hit the juicy target zone yet:

FIGURE 7: GAL’s Callisto discovery (source GAL ASX Announcement, 10 May 2022).

Drilling kicks off again this week.

 

LATIN RESOURCES (ASX:LRS) +297%

Looking for: lithium

This red-hot Brazilian explorer keeps hitting high grade lithium at its ‘Salinas’ project.

In March, first assay results from the initial two drill holes at the ‘Southern Target’ area of the Salinas project “confirmed a potential new high-grade lithium discovery”, LRS says.

Highlights include 4.31m at 2.22% Li2O from 83.82m and 8.13m at 2.00% Li2O from 111.3m.

Ore grade is usually around 1%, so this is good stuff.

It subsequently raised $35m to begin an “aggressive” resource definition program at the prospect, which kicked off May 19.

LRS hopes to drill at least 25,000m to establish a maiden JORC resource.

 

ESSENTIAL METALS (ASX:ESS) +208%

Looking for: lithium

ESS is on the radar of Argonaut’s David Franklyn.

It’s ‘Pioneer Dome’ lithium project in WA contains an actual resource (more than most ASX explorers can boast) of 11.2Mt at 1.21% lithium.

As well as growing the resource with a 9,000m drilling program ESS are prepping for development.

A scoping study on the project – the first proper look at the economics of building a mine — is set to start in the December quarter.

 

BULLETIN RESOURCES (ASX:BNR) +188%

Looking for: lithium

BNR’s 130km2 Ravensthorpe lithium project is just 12km from Allkem’s (ASX:AKE) Mt Cattlin lithium mine.

Here, the cashed-up explorer is picking up rock chips grading up to 8.21% along a 4km trend. There’s high grade lithium all over the joint, BNR says.

Drilling of the high priority 700m x 500m ‘Big Pegmatite’ is due to start asap later this year, pending approvals.

 

ARDEA RESOURCES (ASX:ARL) +183%

Looking for: nickel, cobalt

ARL listed in 2017 on the back of its Kalgoorlie Nickel-Cobalt Project (KNP), back when cobalt stocks were running super-hot.

Which, as we know, didn’t last.

As the heat came out of battery metals over the ensuing years ARL spread its wings into more agreeable metals like gold, while KNP lurked in the wings, waiting for the market to turn good.

Which it has, massively. Now the KNP is one of the more advanced nickel-cobalt projects on the ASX, ready to take advantage of a bullish demand thematic.

The KNP hosts 5.9Mt of contained nickel and 380kt of contained cobalt, making it the largest nickel-cobalt resource in the developed world.

The $1.165 billion project would mine cobalt-nickel laterite ore which will undergo a process to produce Mixed Hydroxide Precipitate for the growing international battery market.

A DFS – a detailed look at the economics of building a project — is underway.

 

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>

Battery metals stocks missing from our list? Shoot a mail to [email protected]. Be nice, he’s fragile.

CODE COMPANY YEAR TO DATE % WEEK % MONTH % YEAR % PRICE MARKET CAP
GAL Galileo Mining 542% 38% 557% 359% 1.445 $290,563,422.50
LRS Latin Resources 297% -8% -15% 62% 0.115 $231,507,341.52
ODE Odessa Minerals 260% 0% -18% 350% 0.018 $9,131,568.84
ESS Essential Metals 208% 11% -9% 582% 0.6 $150,334,338.96
BNR Bulletin Resources 188% 20% 5% 220% 0.21 $50,765,942.50
ARL Ardea Resources 183% 16% -21% 184% 1.3 $205,382,704.12
RGL Riversgold 166% -13% -46% 8% 0.041 $24,000,735.95
LRV Larvottoresources 156% 7% -26% 0% 0.32 $12,568,287.50
CXO Core Lithium 136% 5% 0% 469% 1.395 $2,381,985,545.50
QXR Qx Resources Limited 136% 8% -26% 225% 0.052 $45,546,203.01
ARU Arafura Resource 129% 30% 22% 191% 0.48 $652,735,579.44
ARR American Rare Earths 124% 6% -10% 320% 0.37 $144,377,551.64
CRR Critical Resources 118% 2% -17% 124% 0.083 $119,018,230.64
AS2 Askarimetalslimited 115% -5% -27% 0% 0.495 $20,581,901.51
MLS Metals Australia 115% -9% -39% 115% 0.086 $36,105,203.02
TEM Tempest Minerals 104% -11% -53% 151% 0.047 $24,720,867.94
ALY Alchemy Resource 100% -11% -37% 29% 0.024 $22,873,777.37
GT1 Greentechnology 98% 17% -9% 0% 1.03 $140,318,960.00
RAS Ragusa Minerals 96% 55% 74% 104% 0.155 $23,874,987.70
GME GME Resources 92% 9% -14% 146% 0.125 $71,278,891.44
COB Cobalt Blue 87% 9% 8% 137% 0.925 $285,518,286.07
GSR Greenstone Resources 85% 2% 52% 129% 0.048 $44,709,777.07
GED Golden Deeps 82% 18% 5% 67% 0.02 $25,413,505.61
WML Woomera Mining 82% 36% 20% 44% 0.03 $17,857,659.72
SRL Sunrise 76% 5% -5% 44% 3.15 $269,273,058.21
KTA Krakatoa Resources 73% 13% -26% 47% 0.085 $26,542,663.61
GL1 Globallith 72% -4% -19% 515% 1.63 $260,265,139.84
SYA Sayona Mining 69% -6% -31% 401% 0.22 $1,473,555,131.05
ZNC Zenith Minerals 66% 15% -3% 54% 0.415 $132,403,099.68
AGY Argosy Minerals 61% 27% 13% 454% 0.515 $663,830,842.78
JRL Jindalee Resources 58% 1% -21% 21% 3.48 $203,121,539.64
1MC Morella Corporation 56% 4% -24% -56% 0.028 $139,757,777.62
MTM Mtmongerresources 56% 40% 5% 0% 0.21 $6,345,505.78
AVL Aust Vanadium 55% -6% -35% 137% 0.045 $176,757,792.62
LKE Lake Resources 53% 3% -21% 496% 1.55 $1,994,916,209.11
CAE Cannindah Resources 53% -2% -17% 364% 0.26 $133,435,518.50
WIN Widgienickellimited 52% -8% -25% 0% 0.365 $93,825,000.00
TMT Technology Metals 50% 12% -13% 30% 0.435 $88,637,102.83
RNU Renascor Res 50% -6% -18% 204% 0.225 $506,105,994.79
AZI Altamin Limited 45% 1% 29% 14% 0.097 $37,604,808.19
AZI Altamin Limited 45% 1% 29% 14% 0.097 $37,604,808.19
WCN White Cliff Min 44% 10% -18% 44% 0.023 $13,725,670.60
KFM Kingfisher Mining 44% 10% 12% 24% 0.28 $9,074,925.27
AZL Arizona Lithium 43% -3% -14% 400% 0.15 $334,907,881.80
AZL Arizona Lithium 43% -3% -14% 400% 0.15 $334,907,881.80
RAG Ragnar Metals 42% 9% -4% 62% 0.047 $17,821,689.78
SCN Scorpion Minerals 42% 0% 19% 75% 0.105 $33,183,119.20
VR8 Vanadium Resources 40% 5% -28% 106% 0.105 $54,453,923.01
NKL Nickelx 38% -8% -3% 3% 0.165 $10,867,500.00
JRV Jervois Global 37% -9% -10% 48% 0.81 $1,261,393,297.63
MCR Mincor Resources NL 37% 2% -2% 154% 2.45 $1,186,699,387.65
CAI Calidus Resources 35% 1% -15% 95% 0.85 $342,383,109.30
AOA Ausmon Resorces 33% 0% -27% 14% 0.008 $6,858,314.74
LPI Lithium Pwr Int 33% 7% -22% 198% 0.61 $214,724,081.52
MRR Minrex Resources 33% 8% -16% 148% 0.057 $61,531,646.05
AKE Allkem Limited 32% 6% 12% 108% 13.71 $8,990,979,012.60
FFX Firefinch 28% 15% -1% 200% 1.11 $1,293,461,327.00
CHR Charger Metals 28% -3% -21% 0% 0.545 $17,756,664.08
LEL Lithenergy 28% -6% -18% 190% 1.19 $55,986,000.00
PNN PepinNini Minerals 28% -3% -41% 94% 0.505 $32,257,199.10
PLL Piedmont Lithium Inc 27% 13% -1% 13% 0.935 $488,002,990.00
LNR Lanthanein Resources 25% -7% -26% 72% 0.025 $20,107,813.68
S32 South32 Limited 25% 7% 5% 67% 5 $22,664,152,211.68
ASO Aston Minerals 24% -13% -13% -35% 0.13 $147,766,331.43
BUX Buxton Resources 23% -7% -8% -25% 0.086 $12,395,472.99
LEG Legend Mining 22% 1% -16% -38% 0.071 $192,859,500.47
QEM QEM Limited 22% 5% -12% 29% 0.22 $26,758,635.64
AQD Ausquest Limited 22% 10% 5% -8% 0.022 $18,153,282.91
PSC Prospect Res 22% 2% 0% 526% 0.97 $425,611,592.50
IXR Ionic Rare Earths 22% 6% -21% 100% 0.056 $205,248,060.76
BHP BHP Group Limited 21% 5% 4% 4% 44.61 $227,348,934,462.90
SBR Sabre Resources 20% 50% 0% 0% 0.006 $13,945,824.27
WR1 Winsome Resources 19% 4% -6% 0% 0.44 $57,423,447.45
AAJ Aruma Resources 18% 10% -19% 31% 0.085 $13,969,573.77
AM7 Arcadia Minerals 17% 11% -14% 0% 0.245 $7,698,350.00
SHH Shree Minerals 16% 10% -15% -27% 0.011 $12,833,487.37
ATM Aneka Tambang 15% 0% 0% 25% 1.25 $1,629,561.25
VMC Venus Metals Cor 14% 18% 5% 3% 0.2 $28,704,949.77
MIN Mineral Resources. 14% 7% 9% 39% 63.85 $11,862,919,440.90
THR Thor Mining PLC 13% 4% -10% -29% 0.0135 $14,811,179.82
LSR Lodestar Minerals 11% 0% -29% -9% 0.01 $17,384,373.48
G88 Golden Mile Res 11% -5% -20% -19% 0.052 $10,797,828.54
G88 Golden Mile Res 11% -5% -20% -19% 0.052 $10,797,828.54
IGO IGO Limited 10% 8% -4% 66% 12.64 $9,496,138,375.02
PNT Panthermetals 10% -4% -4% 0% 0.225 $6,510,000.00
PAN Panoramic Resources 9% 13% -12% 79% 0.295 $574,255,921.12
QPM Queensland Pacific 9% 9% -8% 50% 0.18 $289,268,429.24
ILU Iluka Resources 9% 5% -3% 43% 10.99 $4,666,600,917.00
ESR Estrella Res 8% 13% 29% -58% 0.027 $31,217,720.04
ASN Anson Resources 7% 21% 0% 142% 0.145 $149,047,288.58
CTM Centaurus Metals 7% 4% -15% 60% 1.185 $508,256,464.87
PGD Peregrine Gold 6% 2% -2% 39% 0.5 $19,909,067.88
MRC Mineral Commodities 5% 0% -8% -50% 0.115 $61,523,922.91
PAM Pan Asia Metals 4% 2% -5% 312% 0.515 $37,197,615.22
SYR Syrah Resources 3% 1% -7% 80% 1.84 $1,234,916,658.09
S2R S2 Resources 3% 9% 23% 27% 0.19 $65,929,348.18
WMG Western Mines 3% -10% -43% 0% 0.19 $6,777,012.50
CNJ Conico 1% 38% 200% 25% 0.036 $44,284,513.38
AVZ AVZ Minerals 1% 0% -21% 388% 0.78 $2,752,409,203.44
CLA Celsius Resource 0% 0% -13% -55% 0.02 $25,040,048.24
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
CMX Chemxmaterials 0% -7% -14% 0% 0.21 $9,963,261.47
NC1 Nicoresourceslimited 0% 3% -8% 0% 1.355 $126,512,502.90
GRE Greentechmetals 0% -3% -31% 0% 0.165 $5,161,199.84
CMO Cosmometalslimited 0% 0% -18% 0% 0.14 $3,571,400.00
CML Chase Mining Limited 0% 17% 0% -26% 0.014 $6,553,858.65
IG6 Internationalgraphit 0% 13% -12% 0% 0.34 $24,038,991.86
LPM Lithium Plus 0% -4% -39% 0% 0.595 $26,994,011.00
KOB Kobaresourceslimited 0% 3% 0% 0% 0.185 $12,675,000.00
FTL Firetail Resources 0% 3% -19% 0% 0.33 $20,388,225.00
STK Strickland Metals -1% -11% 4% 177% 0.072 $99,924,981.00
VML Vital Metals Limited -2% 8% -13% -5% 0.053 $225,206,086.54
IPX Iperionx Limited -2% 1% -23% -18% 0.89 $123,453,872.08
BYH Bryah Resources -3% 7% -16% -38% 0.047 $10,631,737.23
LYC Lynas Rare Earths -3% 4% 8% 78% 9.85 $8,897,777,922.44
NMT Neometals -4% 6% -14% 181% 1.375 $745,791,898.56
MAN Mandrake Res -4% -2% -21% -74% 0.049 $23,711,827.34
JMS Jupiter Mines. -4% 5% -10% -24% 0.22 $411,388,116.93
WKT Walkabout Resources -4% -2% -10% 19% 0.215 $97,239,149.08
OMH OM Holdings Limited -5% -2% -3% 1% 0.855 $631,522,953.14
AX8 Accelerate Resources -5% 0% -28% -14% 0.036 $9,747,979.26
EMS Eastern Metals -5% -13% -17% 0% 0.175 $6,408,000.00
RMX Red Mount Min -6% 6% -11% -15% 0.0085 $13,960,092.79
RBX Resource B -6% -3% -26% 400% 0.17 $6,715,103.84
RBX Resource B -6% -3% -26% 400% 0.17 $6,715,103.84
HAS Hastings Tech Met -6% -4% -11% 44% 0.245 $497,091,588.46
SRZ Stellar Resources -6% -4% -24% -4% 0.022 $17,625,355.15
MRD Mount Ridley Mines -7% -13% -22% 17% 0.007 $43,927,713.29
KAI Kairos Minerals -7% -4% -10% -16% 0.026 $51,014,430.77
PLS Pilbara Min -8% 5% 4% 141% 2.95 $8,870,965,895.14
LOT Lotus Resources -8% 2% -17% 39% 0.285 $269,181,140.53
BKT Black Rock Mining -8% 7% -23% 26% 0.22 $210,096,286.88
ADV Ardiden -8% -8% -27% 10% 0.011 $32,020,024.27
IMI Infinitymining -8% 3% -18% 0% 0.165 $9,487,500.00
TLG Talga Group -10% 10% -2% -8% 1.475 $433,063,816.98
RXL Rox Resources -10% 0% -15% -33% 0.33 $54,905,807.78
NIC Nickel Mines Limited -10% -1% -2% 26% 1.285 $3,468,717,341.19
MLX Metals X Limited -10% 7% -30% 102% 0.515 $467,242,024.51
CZL Cons Zinc -11% 4% -7% -32% 0.025 $8,081,229.70
KZR Kalamazoo Resources -12% -8% -17% -23% 0.335 $49,366,087.16
ENT Enterprise Metals -12% 8% -22% -36% 0.014 $9,669,702.83
BOA Boadicea Resources -12% 6% -8% -38% 0.185 $14,374,480.58
SLZ Sultan Resources -12% -6% -3% -45% 0.145 $12,492,658.35
AML Aeon Metals . -13% -11% -24% -60% 0.034 $32,053,802.19
TNG TNG Limited -14% -1% -10% 8% 0.069 $99,966,111.98
OZL OZ Minerals -15% 7% -4% -5% 24.1 $8,017,143,684.05
LTR Liontown Resources -15% 9% -3% 219% 1.415 $3,047,193,025.22
PVW PVW Res -15% 5% -14% 106% 0.33 $29,767,000.00
TMB Tambourahmetals -16% -2% -16% 0% 0.21 $8,650,445.58
FRB Firebird Metals -17% -2% 12% -48% 0.325 $17,320,976.64
CWX Carawine Resources -17% -3% -31% -43% 0.145 $19,985,980.32
FG1 Flynngold -18% -3% -13% 0% 0.14 $8,648,241.75
DTM Dart Mining NL -18% -5% -5% -51% 0.069 $9,197,690.88
NTU Northern Min -18% 7% -10% 29% 0.045 $208,962,640.86
BEM Blackearth Minerals -18% -4% -18% -22% 0.098 $27,034,622.20
PUR Pursuit Minerals -19% 5% -19% -69% 0.022 $19,856,533.07
LIT Lithium Australia -20% 2% -8% -20% 0.092 $95,235,200.61
AVW Avira Resources -20% -11% -20% -43% 0.004 $9,534,555.00
MQR Marquee Resource -20% 8% -17% 65% 0.1075 $32,754,590.93
DEV Devex Resources -20% 5% -11% 7% 0.39 $124,102,667.76
IPT Impact Minerals -21% 0% -17% -36% 0.01 $21,904,615.86
SRI Sipa Resources -21% -3% -22% -33% 0.038 $7,585,917.71
LPD Lepidico -21% 7% -12% 114% 0.03 $195,205,805.16
GLN Galan Lithium -21% 7% -11% 131% 1.535 $465,731,023.86
VUL Vulcan Energy -21% 9% -3% 6% 8.19 $1,042,629,112.80
INF Infinity Lithium -22% 12% -17% 96% 0.145 $56,026,763.91
AOU Auroch Minerals -22% 3% -18% -55% 0.09 $32,155,860.11
REE Rarex Limited -22% -1% -22% -11% 0.078 $45,016,345.28
TON Triton Min -22% -3% -13% -22% 0.028 $33,987,172.78
AKN Auking Mining -22% -5% -26% -75% 0.1 $8,989,437.27
BRB Breaker Res NL -22% -8% -13% 22% 0.225 $74,943,413.67
GSM Golden State Mining -23% -6% -16% -53% 0.064 $7,059,396.34
WC8 Wildcat Resources -23% 19% -8% 12% 0.037 $21,939,272.72
EVR Ev Resources -24% 0% -20% 76% 0.044 $39,817,315.05
EVR Ev Resources -24% 0% -20% 76% 0.044 $39,817,315.05
LMG Latrobe Magnesium -25% 0% -12% 279% 0.072 $120,276,866.33
ENV Enova Mining Limited -25% 0% -5% -25% 0.018 $5,757,200.35
AZS Azure Minerals -25% 0% -15% -7% 0.28 $82,344,966.07
EMH European Metals Hldg -26% -2% -17% -22% 0.96 $135,849,771.23
A8G Australasian Metals -26% -1% -20% 126% 0.385 $15,644,787.72
MMC Mitremining -26% -3% -20% 0% 0.14 $4,062,765.00
RLC Reedy Lagoon Corp. -26% -14% -14% 25% 0.025 $14,805,645.21
AXE Archer Materials -27% 1% -5% 3% 0.82 $203,743,109.74
INR Ioneer -28% 5% -14% 61% 0.58 $1,192,040,669.40
EMT Emetals Limited -28% -7% 0% -54% 0.013 $11,050,000.00
MNS Magnis Energy Tech -28% 2% -8% 41% 0.415 $415,588,691.47
GW1 Greenwing Resources -28% -3% -30% 3% 0.31 $38,822,914.94
VRC Volt Resources -29% 0% -5% -41% 0.02 $67,338,889.32
RR1 Reach Resources -29% -17% -38% 36% 0.005 $9,550,253.20
KGD Kula Gold Limited -29% 3% -29% -15% 0.034 $7,208,383.67
CNB Carnaby Resource -29% -2% -25% 148% 0.955 $143,115,285.06
FRS Forrestaniaresources -30% 3% -46% 0% 0.195 $5,338,772.76
CZN Corazon -31% -16% -23% -32% 0.0245 $15,258,263.93
GBR Greatbould Resources -33% -5% -2% -28% 0.094 $40,077,856.44
FGR First Graphene -33% -7% -13% -39% 0.14 $72,804,390.88
PGM Platina Resources -33% 24% -18% -44% 0.042 $18,244,058.36
CHN Chalice Mining -34% -5% -8% -23% 6.36 $2,360,232,395.35
SGQ St George Min -34% 5% -8% -50% 0.041 $28,543,037.81
NWM Norwest Minerals -36% -7% -22% -52% 0.043 $7,585,510.25
RFR Rafaella Resources -37% 0% -11% -57% 0.041 $9,319,696.60
EGR Ecograf Limited -37% 1% -13% -31% 0.425 $189,140,052.78
BMM Balkanminingandmin -38% 2% -9% 0% 0.305 $9,988,750.00
EMN Euromanganese -38% -3% -24% -41% 0.305 $80,995,237.16
TKL Traka Resources -38% 0% -20% -74% 0.008 $5,854,583.77
ADD Adavale Resource -39% -3% -25% -66% 0.03 $10,995,410.06
POS Poseidon Nick -39% -11% -20% 0% 0.067 $208,349,247.77
EFE Eastern Resources -40% -16% -30% 146% 0.032 $33,810,845.45
NWC New World Resources -40% 2% -14% -52% 0.043 $63,876,112.88
HNR Hannans -40% -4% -25% 247% 0.024 $59,944,243.95
EUR European Lithium -40% -1% -19% 37% 0.078 $105,101,436.34
TSC Twenty Seven Co. -40% -25% -25% -25% 0.003 $9,312,848.67
STM Sunstone Metals -41% 8% -15% 200% 0.057 $141,594,552.99
PRL Province Resources -41% -1% -10% -47% 0.085 $100,759,903.56
NVA Nova Minerals -44% -2% -15% -54% 0.65 $114,428,450.98
MOH Moho Resources -44% 6% -31% -56% 0.036 $4,814,761.68
PEK Peak Rare Earths -44% -1% -32% -55% 0.475 $98,490,555.08
KOR Korab Resources -44% -3% -22% 142% 0.029 $9,910,350.00
ARN Aldoro Resources -45% 5% -16% -33% 0.23 $21,826,989.58
AR3 Austrare -46% 3% -33% 0% 0.46 $35,294,576.86
AUZ Australian Mines -46% -12% -43% -42% 0.11 $53,191,135.15
E25 Element 25 -47% -6% -23% -73% 0.65 $96,971,084.32
BSX Blackstone -50% -3% -22% -20% 0.285 $139,077,031.68
HXG Hexagon Energy -65% -10% -32% -71% 0.026 $13,848,729.33
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