Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.

Scroll down for a table showing the recent performance of 200 ASX battery metal stocks >>

INDUSTRY FOCUS

Carmakers are teaming up

Competing carmakers continue to collaborate on electric vehicle development during its painful transition from niche to mainstream.

These partnerships are just a more efficient way to keep costs down during this disruptive (and very pricey) shift.

The latest collab involves Germany’s Volkswagen Group – which owns Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen – and US-based Ford, which will develop commercial vans and medium-sized pickups for global markets from 2022.

Volkswagen and Ford may also collaborate on autonomous vehicles, mobility services and EVs and “have started to explore opportunities” already, Volkswagen told investors.

“Frenemies?”

In December, Bloomberg reported that German carmakers Daimler and BMW were also looking at collaborating on key car components, a move that reflected “the fundamental changes sweeping the industry”.

And Toyota could be launching a joint venture in 2020 with battery maker Panasonic, which could also provide batteries to Toyota’s EV technology partners Mazda and Subaru.

 Now a collab of a different sort…

Ford also wants to prove to its customers that it only uses ethical cobalt in its EVs.

The American carmaker is partnering with Huayou Cobalt, IBM, LG Chem and RCS Global on the development of an open, industry-wide blockchain platform that will start with tracking cobalt but could eventually be used to trace and validate other minerals as well.

Basically, the partnership has each major stage of the supply chain covered, from mine to end-user, according to Ford.

Cobalt is in high demand for its use in lithium-ion batteries. The typical electric vehicle (EV) battery requires up to 9kg of cobalt and even a standard laptop requires around 30g of the mineral.

But the origin of cobalt has become a major consumer issue because of the use of child labour in some countries like the Congo, which supplies around 60 per cent of the world’s cobalt.

Nickel oversupply? Probably not

The nickel price over the past 12 months.
The nickel price over the past 12 months.

Analysts have reiterated that fears of bargain-basement battery grade nickel flooding the market starting in 2019 are unsubstantiated.

In September last year a Chinese consortium announced a new $700 million High-Pressure-Acid-Leaching (HPAL) plant in Indonesia, which would produce 50,000 tonnes a year of battery-grade nickel chemicals starting in 2019.

Two similar projects in Indonesia were announced around the same time, and collectively, helped send nickel prices to seven month lows.

Based on previous HPAL project development, this is both faster and cheaper than anyone thought possible.

But Andrew Mitchell, principal nickel analyst at Wood Mackenzie says the amount of nickel coming to the market from these projects will be smaller, slower and more costly “than so far alluded to”.

Mr Mitchell says the nickel market is still looking at another supply deficit for this year, and next year.

Check out this graph:

kitco nickel stocks

Reuters reports that official LME nickel inventories fell 44 per cent in 2018, and just recently fell through the 200,000-tonne mark for the first time since 2013.

This often means more nickel is being consumed than produced.

And if these 2019 HPAL construction milestones are not met, collective market relief could result in a nickel price recovery.

“But if it is shown that the Chinese can’t do it much better that it has been done before, then there will be a collective sigh of relief and perhaps the sentiment will change,” Mr Mitchell says.

SMALL CAP SPOTLIGHT

Of the companies on our list, about 63 lost ground, 66 were ahead and 60 were steady.

European Metals (ASX:EMH) got an unsolicited bid for its Cinovec lithium project near Prague, and even though important stuff – like price – wasn’t disclosed, its share price still jumped about 34 per cent.

Near-term battery metals hopeful Australian Mines (ASX:AUZ) had a strong week, up almost 30 per cent at one point to continue its strong start to 2019.

On Monday, the explorer told investors it had uncovered an “astounding” 3.4 per cent cobalt at its Sconi project.

 

In general, grades of over 1 per cent cobalt are considered high.

“We believe the deposits at Sconi have a lot more to give in terms of resources, which is clearly reflected in the almost three-and-a-half per cent record cobalt hit returned in these results,” managing director Benjamin Bell said.

Australian Mines, which is also trying to finalise project funding, expects to deliver the updated resource before April.

Other big winners this week included Six Sigma Metals (ASX:SI6) up 25 per cent to 1c, Black Rock Mining (ASX:BKT) up 25 per cent to 5c, and Technology Metals  (ASX:TMT) up 16 per cent to 35c.

Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop

 

TickerNameOne Week Price Change %One Year Price Change %Price [Mon 21 Intraday] Market Cap
CGM COUGAR METALS 50-72.730.0032.9M
TKM TREK METALS 50-73.530.012.8M
EMH EUROPEAN METALS33.87-37.120.4260.9M
MLS METALS AUSTRALIA33.33-500.0049.4M
AUZ AUSTRALIAN MINES29.41-66.150.05124.2M
TON TRITON MINERALS25.64-510.0545.4M
BSM BASS METALS 25-11.760.0241.4M
CZN CORAZON MINING 25-72.220.016.3M
PMY PACIFICO MINERALS25-44.440.018.2M
SI6 SIX SIGMA METALS25-66.670.012.3M
BKT BLACK ROCK MINING24.32-36.110.0524.8M
RLC REEDY LAGOON 20-90.480.012.4M
ORN ORION MINERALS19.05-19.350.0346.8M
TMT TECHNOLOGY METALS AUSTRALIA16.6716.670.3524.5M
JRV JERVOIS MINING16-50.430.2864.7M
AMD ARROW MINERALS 14.29-60.980.025.0M
HMX HAMMER METALS14.29-51.020.026.7M
KDR KIDMAN RESOURCES13.95-39.361.18495.9M
CLQ CLEAN TEQ 13.1-68.120.46354.5M
ARE ARGONAUT RESOURCES12.5-12.90.0342.0M
CDT CASTLE MINERALS12.5-66.670.012.0M
TNO TANDO RESOURCES11.776.40.120.3M
ENT ENTERPRISE METAL11.11-52.380.013.9M
CUL CULLEN RESOURCES10.53-59.570.023.6M
MNS MAGNIS ENERGY TECH10.34-22.890.34195.6M
SYR SYRAH RESOURCES10.06-55.731.94676.9M
VRC VOLT RESOURCES 10-35.290.0332.0M
VMS VENTURE MINERALS9.52-48.890.0212.0M
MRR MINREX RESOURCES9.09-760.022.3M
AVL AUSTRALIAN VANADIUM8.33-44.680.0351.3M
MEI METEORIC RESOURCES8.33-79.690.017.5M
THX THUNDELARRA 8.33-59.380.018.4M
LKE LAKE RESOURCES7.94-71.670.0724.9M
CXO CORE LITHIUM 7.69-27.270.0638.9M
PGM PLATINA RESOURCES7.69-53.330.0818.5M
AOU AUROCH MINERALS7.14-250.087.5M
ANW AUS TIN MINING7.1415.380.0229.8M
MCT METALICITY 7.14-70.590.019.0M
INF INFINITY LITHIUM6.78-60.620.0612.0M
ESR ESTRELLA RESOURCES6.67-33.330.027.9M
KSN KINGSTON RESOURCES6.25-320.0220.8M
LPD LEPIDICO 6.25-750.0257.1M
VML VITAL METALS 6.25-22.730.0114.8M
E25 ELEMENT 25 6.06-22.220.1914.7M
VXR VENTUREX RESOURCES6.06-44.440.1745.2M
ORE OROCOBRE 5.59-52.383.42889.2M
AEE AURA ENERGY 5.56-34.480.0220.7M
OMH OM HLDGS 5.129.911.35989.8M
DGR DGR GLOBAL 4.3514.290.1273.6M
DEG DE GREY MINING4.17-21.870.1252.9M
K KIBARAN RESOURCES3.85-15.620.1337.2M
IDA INDIANA RESOURCES3.7-19.030.065.4M
PAN PANORAMIC RESOURCES3.4117.030.47225.0M
BGS BIRIMIAN 2.94-76.510.1746.0M
AXE ARCHER EXPLORATION2.78-43.080.0814.2M
BAR BARRA RESOURCES2.56-28.570.0421.6M
SRK STRIKE RESOURCES2.22-41.030.056.7M
JMS JUPITER MINES 2.04255.410.25489.7M
ARL ARDEA RESOURCES1.82-65.850.5558.8M
RIO RIO TINTO 1.5710.0380.38119.8B
SVM SOVEREIGN METALS1.45-51.720.0719.4M
N27 NORTHERN COBALT1.43-86.730.073.6M
MIN MINERAL RESOURCES1.01-17.316.053.0B
PLS PILBARA MINERALS0.71-29.350.711.2B
GXY GALAXY RESOURCES0.45-40.792.24916.9M
S32 SOUTH32 0.29-6.013.417.2B
AML AEON METALS 0-7.020.27155.7M
AYR ALLOY RESOURCES0-500.0034.7M
AZI ALTA ZINC 0-45.450.018.2M
AJM ALTURA MINING 0-62.070.17300.4M
ADN ANDROMEDA METALS0-12.50.017.6M
ADV ARDIDEN 0-87.50.0046.7M
AGY ARGOSY MINERALS0-67.050.14133.9M
ACP AUDALIA RESOURCES0-28.270.00910.7M
ARM AURORA MINERALS0-47.220.022.2M
BAU BAUXITE RESOURCES03.520.0511.8M
BDI BLINA MINERALS 0-500.0014.4M
BPL BROKEN HILL PROSPECTING0-65.170.034.6M
BYH BRYAH RESOURCES0-55.560.084.9M
CAD CAENEUS MINERALS0-66.670.00114.1M
CFE CAPE LAMBERT 0-800.0216.2M
CCZ CASTILLO COPPER0-71.430.0210.3M
CAZ CAZALY RESOURCES0-59.180.024.7M
CHK COHIBA MINERALS015.380.0110.0M
CRL COMET RESOURCES0-76.80.036.7M
DHR DARK HORSE RESOURCES0-84.480.0048.9M
DTM DART MINING 0-48.720.015.6M
DEV DEVEX RESOURCES0-60.340.054.2M
EME ENERGY METALS 0100.1223.1M
FCC FIRST COBALT0-86.670.1761.1M
GBE GLOBE METALS AND MINING0-22.220.016.5M
GME GME RESOURCES 0-38.340.0945.8M
GED GOLDEN DEEPS 0-44.160.057.4M
HNR HANNANS 0-57.140.0123.9M
HAV HAVILAH RESOURCES0-26.670.1736.0M
HWK HAWKSTONE MINING0-400.0210.3M
HGM HIGH GRADE METALS0-83.330.015.0M
IEC INTRA ENERGY 0-9.090.013.9M
KLH KALIA 0-76.920.0037.5M
KTA KRAKATOA RESOURCES0-53.70.032.9M
LRS LATIN RESOURCES0-82.140.0027.1M
LCD LATITUDE CONSOLIDATED0-250.025.0M
MQR MARQUEE RESOURCES0-88.240.062.6M
MZZ MATADOR MINING0-55.410.178.9M
MLM METALLICA MINERALS0-50.980.038.1M
MTC METALSTECH 0-87.270.044.1M
MTH MITHRIL RESOURCES0-89.980.012.1M
MTB MOUNT BURGESS0-600.0041.8M
NVA NOVA MINERALS0-57.890.0218.6M
OAR OAKDALE RESOURCES0-48.780.021.4M
PLL PIEDMONT LITHIUM0-49.740.165.3M
PIO PIONEER RESOURCES0-43.330.0225.6M
POS POSEIDON NICKEL000.04113.6M
PSC PROSPECT RESOURCES0-63.330.0245.0M
PM1 PURE MINERALS 0-23.810.025.0M
RMX RED MOUNTAIN MINING0-77.420.015.4M
RNU RENASCOR RESOURCES0-57.140.0220.8M
RTR RUMBLE RESOURCES0-28.790.0516.8M
SYA SAYONA MINING0-79.80.0234.3M
SCI SILVER CITY MINERALS0-58.330.024.4M
SXX SOUTHERN CROSS EXPLORATION0-33.330.016.5M
SUH SOUTHERN HEMISPHERE MINING0-76.150.032.7M
SEI SPECIALITY METALS INTERNATIONAL0-29.410.0213.3M
SRN SUREFIRE RESOURCES0-59.170.013.1M
TNG TNG 0-300.11101.2M
WKT WALKABOUT RESOURES0-31.030.1130.4M
LIT LITHIUM AUSTRALIA-1.1-52.630.0941.8M
CZI CASSINI RESOURCES-1.1614.860.0929.4M
NMT NEOMETALS -2.17-46.710.22122.4M
ASN ANSON RESOURCES-2.67-70.20.0736.2M
FGR FIRST GRAPHENE -2.94-5.710.1668.3M
GLN GALAN LITHIUM-3.12226.320.3134.6M
HXG HEXAGON RESOURCES-3.45-12.50.1440.8M
SGQ ST GEORGE MINING-3.57-400.1340.2M
CHN CHALICE GOLD -3.85-14.530.1333.3M
ARU ARAFURA RESOURCES-4-61.740.0534.6M
LTR LIONTOWN RESOURCES-4-52.940.0227.2M
LPI LITHIUM POWER-4.08-58.040.2361.7M
KAI KAIROS MINERALS-4.17-51.060.0219.6M
THR THOR MINING-4.17-500.0216.5M
NZC NZURI COPPER -4.26-46.430.2366.6M
SO4 SALT LAKE POTASH-4.44-140.4388.7M
BSX BLACKSTONE MINERALS-4.76-81.980.110.8M
HIG HIGHLANDS PAC-4.763.090.1109.3M
ZNC ZENITH MINERALS-4.76-600.0817.0M
POW PROTEAN ENERGY -5-44.120.025.8M
BEM BLACKEARTH MINERALS-5.06--0.084.6M
FEL FE -5.26-750.026.7M
GPX GRAPHEX MINING -5.26-400.1914.5M
COB COBALT BLUE-5.41-78.130.1721.8M
BMT BERKUT MINERALS-5.56-660.073.7M
NWC NEW WORLD COBALT-5.56-830.029.0M
RDS REDSTONE RESOURCES-5.5647.190.028.0M
AVZ AVZ MINERALS -5.63-79.70.07126.5M
PUR PURSUIT MINERALS-5.77-55.450.057.0M
VMC VENUS METALS -5.8810.340.1513.9M
CLA CELSIUS RESOURCES-5.97-51.540.0647.7M
RIE RIEDEL RESOURCES-6.25-82.560.026.3M
SVD SCANDIVANADIUM -6.25-40.790.025.3M
OKR OKAPI RESOURCES-6.38-74.120.257.6M
TRT TODD RIVER RESOURCES-6.58-57.40.0710.8M
KOR KORAB RESOURCES-6.9-6.90.038.3M
CZR COZIRON RESOURCES-7.14-45.830.0123.2M
CGN CRATER GOLD MINING-7.14-13.330.013.6M
MZN MARINDI METALS -7.69-64.710.0111.9M
TAR TARUGA MINERALS-7.69-45.450.068.5M
AUR AURIS MINERALS -7.89-35.190.0414.3M
BAT BATTERY MINERALS-8.33-68.120.0224.5M
GWR GWR GROUP -9.0940.850.125.4M
WML WOOMERA MINING -9.46-93.30.077.6M
CNJ CONICO -10-600.026.3M
EUR EUROPEAN LITHIUM-10-640.0949.5M
IRC INTERMIN RES OURCES-10-18.180.1331.8M
LI3 LITHIUM CONSOLIDATED-10-50.340.076.5M
TLG TALGA RESOURCES-10.53-46.030.3474.2M
BOA BOADICEA RESOURCES-11.11-200.168.5M
SBR SABRE RES OURCES-11.11-600.013.3M
WCN WHITE CLIFF MINERALS-11.11-87.130.023.7M
INR IONEER -12.5-53.330.19257.2M
CMC CHINA MAGNESIUM-14.29-14.290.026.3M
LML LINCOLN MINERALS-14.29-82.860.013.4M
TKL TRAKA RESOURCES-15-77.630.025.6M
MXR MAXIMUS RESOURCES-15.49-65.220.061.8M
4CE FORCE COMMODITIES-16.67-89.290.026.4M
PNN PEPINNINI LITHIUM-16.67-91.530.013.6M
EUC EUROPEAN COBALT-18.18-80.710.0320.6M
PSM PENINSULA MINES-18.18-67.860.0043.9M
BUX BUXTON RESOURCES-18.52-24.140.1115.0M
GPP GREENPOWER ENERGY-25-84.210.0034.7M