High Voltage: All the news driving battery metals stocks
Mining
Mining
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 >>
Is lithium about to make a comeback?
The consensus from hard rock lithium producers Pilbara Minerals and Galaxy Resources is that that prices have stabilised.
Pilbara (ASX:PLS) shipped 46,682 tonnes of 6 per cent spodumene concentrate at an average selling price of US$742/ tonne ($1036) in the December quarter.
Galaxy Resources (ASX:GXY) reported an average cash margin of $US288 ($402) per tonne for its 5.76 per cent spodumene concentrate, down 30 per cent on the prior quarter.
But Galaxy told investors that Chinese domestic lithium chemical prices had plateaued following several months of retreat.
Many have interpreted this as “signalling the bottom of the pricing cycle within this region,” Galaxy says.
“Key indicators point to a more buoyant market environment throughout 2019 … and the combination of strong demand growth and supply challenges support a favourable market moving forward.”
China is spending big $$ to lock down cobalt supply
The fact that cobalt is on the nose with investors right now doesn’t seem to be bothering Chinese companies.
China Molybdenum (CMOC) recently announced it was shelling out $1.6 billion to increase its stake in DRC-based copper cobalt miner Tenke Fungurume Mining.
Analysts at Roskill also say several other near-term projects are being developed by Chinese firms in the DRC – which has about half of the world’s cobalt reserves.
As China locks down these crucial supply chains, Japan automakers have announced a joint procurement body to secure (and stable) cobalt supplies, according to Reuters.
The joint body could either secure supplies through long-term contracts with existing global suppliers or by investing in new projects, with financial backing from the Japanese government.
2022 – the year EVs become affordable
The magical $100 per kWh price tag for a battery pack is thought to be the tipping point where EV and internal combustion engine (ICE) costs reach parity.
Benchmark Mineral Intelligence boss Simon Moores says 2019 could be the year lithium ion batteries go below $100/kWh.
By 2022 electric vehicles (EVs) will cost the same as a regular car, according to accounting firm Deloitte.
Deloitte says while the upfront cost of EVs still remains the biggest barrier for consumers, as technology improves this and other consumer concerns will gradually ease over time.
The firm predicts that the cost of “battery electric vehicles” (BEVs) will match petrol and diesel in the UK by 2021 and globally by 2022.
This is expected to see the number of EVs on the roads spike by a huge 950 per cent to 21 million by 2030, with BEVs accounting for 70 per cent of total EV sales.
However, with established carmakers rapidly ramping up supply and the emergence of new entrants, we could be facing a saturated market.
“As manufacturers increase their capacity, our projections suggest that supply will vastly outweigh consumer demand by approximately 14 million units over the next decade,” Deloitte says.
Not the strongest week for battery metals — of the companies on our list, about 96 lost ground, 35 were ahead and 56 were steady.
Here’s how that looks for the month of January:
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
Ticker | Name | Share Price [JAN 29 Intraday] | 1 Week Price Change % | 1 Year Price Change % | Market Cap |
---|---|---|---|---|---|
LRS | LATIN RESOURCES | 0.003 | 50 | -75 | $8,499,345.00 |
WCN | WHITE CLIFF MINERALS | 0.023 | 43.75 | -81.5026 | $5,312,432.00 |
PNN | PEPINNINI LITHIUM | 0.005 | 25 | -89.1304 | $3,603,372.25 |
BKT | BLACK ROCK MINING | 0.06 | 17.6471 | -6.25 | $32,310,282.00 |
TNO | TANDO RESOURCES | 0.115 | 15 | 86.4211 | $22,262,514.00 |
PUR | PURSUIT MINERALS | 0.06 | 13.0435 | -52.7273 | $7,426,737.00 |
MXR | MAXIMUS RESOURCES | 0.07 | 12.9032 | -69.5652 | $2,119,111.25 |
SVM | SOVEREIGN METALS | 0.079 | 12.8571 | -39.2308 | $21,874,790.00 |
TKL | TRAKA RESOURCES | 0.019 | 11.7647 | -72.8571 | $6,295,099.50 |
KOR | KORAB RESOURCES | 0.028 | 11.5385 | 3.5714 | $8,956,823.00 |
IEC | INTRA ENERGY | 0.012 | 11.1111 | -9.0909 | $3,877,240.25 |
ENT | ENTERPRISE METALS | 0.011 | 10 | -31.25 | $4,268,690.50 |
CHK | COHIBA MINERALS | 0.016 | 7.1429 | 7.1429 | $9,969,214.00 |
RIE | RIEDEL RESOURCES | 0.016 | 6.6667 | -82.2222 | $6,689,115.00 |
RTR | RUMBLE RESOURCES | 0.05 | 6.5217 | -19.6721 | $17,494,388.00 |
KSN | KINGSTON RESOURCES | 0.018 | 5.8823 | -28 | $22,017,570.00 |
PM1 | PURE MINERALS | 0.018 | 5.8823 | -10 | $5,658,823.00 |
BMT | BERKUT MINERALS | 0.077 | 5.4795 | -58.3784 | $4,182,383.25 |
ARM | AURORA MINERALS | 0.02 | 5.2632 | -50 | $2,342,665.75 |
HMX | HAMMER METALS | 0.02 | 5.2632 | -63.6364 | $5,565,941.50 |
LIT | LITHIUM AUSTRALIA | 0.0905 | 4.5455 | -55.122 | $42,680,592.00 |
LTR | LIONTOWN RESOURCES | 0.024 | 4.3478 | -42.8571 | $27,215,700.00 |
SEI | SPECIALITY METALS INTERNATIONAL | 0.024 | 4.3478 | -20 | $13,317,034.00 |
MLM | METALLICA MINERALS | 0.024 | 4.1667 | -48.9796 | $8,061,182.50 |
AVL | AUSTRALIAN VANADIUM | 0.027 | 4 | -40.9091 | $51,319,940.00 |
CZI | CASSINI RESOURCES | 0.084 | 3.7037 | 3.7037 | $29,022,596.00 |
FGR | FIRST GRAPHENE | 0.1625 | 3.125 | 10 | $68,257,032.00 |
SYR | SYRAH RESOURCES | 2.08 | 3.1088 | -51.5815 | $683,771,328.00 |
TLG | TALGA RESOURCES | 0.35 | 2.9412 | -45.3125 | $76,367,424.00 |
VXR | VENTUREX RESOURCES | 0.175 | 2.9412 | -35.1852 | $45,195,600.00 |
TRT | TODD RIVER RESOURCES | 0.07 | 2.8986 | -50.0552 | $10,752,826.00 |
AXE | ARCHER EXPLORATION | 0.079 | 2.6667 | -33.0435 | $14,739,581.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES | 0.335 | 1.4925 | -11.6883 | $207,786,240.00 |
PAN | PANORAMIC RESOURCES | 0.455 | 1.087 | 4.1667 | $229,955,504.00 |
LPI | LITHIUM POWER INTERNATIONAL | 0.25 | 1.0753 | -45.3488 | $61,690,768.00 |
AYR | ALLOY RESOURCES | 0.003 | 0 | -57.1429 | $4,731,233.00 |
ADN | ANDROMEDA METALS | 0.007 | 0 | -22.2222 | $7,590,956.00 |
ADV | ARDIDEN | 0.004 | 0 | -82.6087 | $6,707,521.00 |
ARE | ARGONAUT RESOURCES | 0.025 | 0 | -10.7143 | $38,859,516.00 |
AMD | ARROW MINERALS | 0.014 | 0 | -54.5455 | $4,718,109.00 |
AEE | AURA ENERGY | 0.018 | 0 | -36.6667 | $20,732,508.00 |
ANW | AUS TIN MINING | 0.016 | 0 | -42.3077 | $29,822,562.00 |
BSM | BASS METALS | 0.014 | 0 | -25 | $41,421,688.00 |
BDI | BLINA MINERALS NL | 0.001 | 0 | -50 | $4,363,882.50 |
BYH | BRYAH RESOURCES | 0.08 | 0 | -38.4615 | $4,868,009.50 |
CAD | CAENEUS MINERALS | 0.001 | 0 | -66.6667 | $14,063,075.00 |
CFE | CAPE LAMBERT RESOURCES | 0.016 | 0 | -75 | $16,214,425.00 |
CCZ | CASTILLO COPPER | 0.016 | 0 | -75 | $10,265,512.00 |
CHN | CHALICE GOLD MINES | 0.13 | 0 | -7.4074 | $33,321,016.00 |
CMC | CHINA MAGNESIUM | 0.018 | 0 | -21.7391 | $6,343,894.00 |
CGM | COUGAR METALS | 0.003 | 0 | -70 | $2,933,408.00 |
CGN | CRATER GOLD MINING | 0.013 | 0 | -13.3333 | $23,614,774.00 |
DHR | DARK HORSE RESOURCES | 0.004 | 0 | -81.8182 | $7,904,346.50 |
DTM | DART MINING | 0.006 | 0 | -38.4615 | $5,568,257.00 |
DGR | DGR GLOBAL | 0.12 | 0 | 25 | $73,581,824.00 |
EME | ENERGY METALS | 0.115 | 0 | 4.5455 | $24,113,580.00 |
EUR | EUROPEAN LITHIUM | 0.088 | 0 | -56.0976 | $49,492,940.00 |
FEL | FE | 0.018 | 0 | -66.0377 | $6,725,303.50 |
GBE | GLOBE METALS AND MINING | 0.015 | 0 | -22.2222 | $6,522,913.00 |
HAV | HAVILAH RESOURCES | 0.165 | 0 | -36 | $34,919,848.00 |
HWK | HAWKSTONE MINING | 0.018 | 0 | -35.7143 | $10,265,724.00 |
KLH | KALIA | 0.003 | 0 | -78.5714 | $7,543,042.00 |
KNL | KIBARAN RESOURCES | 0.13 | 0 | -16.129 | $35,838,524.00 |
KTA | KRAKATOA RESOURCES | 0.025 | 0 | -51.9231 | $2,937,500.00 |
LPD | LEPIDICO | 0.017 | 0 | -74.1935 | $53,698,804.00 |
LML | LINCOLN MINERALS | 0.006 | 0 | -82.8571 | $3,449,902.00 |
MZN | MARINDI METALS | 0.005 | 0 | -53.8462 | $11,908,553.00 |
MQR | MARQUEE RESOURCES | 0.06 | 0 | -87.5 | $2,564,657.00 |
MZZ | MATADOR MINING | 0.165 | 0 | -54.1667 | $8,890,750.00 |
MCT | METALICITY | 0.013 | 0 | -68.8889 | $8,434,492.00 |
MLS | METALS AUSTRALIA | 0.003 | 0 | -42.8571 | $9,367,191.00 |
MRR | MINREX RESOURCES | 0.024 | 0 | -80 | $2,301,065.50 |
MTH | MITHRIL RESOURCES | 0.005 | 0 | -88.2395 | $2,111,946.00 |
MTB | MOUNT BURGESS MINING | 0.004 | 0 | -63.6364 | $1,768,317.63 |
NWC | NEW WORLD COBALT | 0.018 | 0 | -83.6364 | $9,927,317.00 |
PSM | PENINSULA MINES | 0.0045 | 0 | -67.8571 | $3,882,924.50 |
PIO | PIONEER RESOURCES | 0.017 | 0 | -41.3793 | $25,569,906.00 |
PSC | PROSPECT RESOURCES | 0.022 | 0 | -66.6667 | $45,014,528.00 |
RMX | RED MOUNTAIN MINING | 0.006 | 0 | -45.4545 | $4,668,220.50 |
SVD | SCANDIVANADIUM | 0.015 | 0 | -40.7895 | $5,277,991.50 |
SCI | SILVER CITY MINERALS | 0.014 | 0 | -70.2128 | $4,111,943.50 |
SXX | SOUTHERN CROSS EXPLORATION | 0.006 | 0 | -14.2857 | $6,461,059.00 |
SUH | SOUTHERN HEMISPHERE MINING | 0.031 | 0 | -70.4762 | $2,742,553.50 |
SGQ | ST GEORGE MINING | 0.13 | 0 | -39.5349 | $38,755,108.00 |
SRK | STRIKE RESOURCES | 0.046 | 0 | -37.8378 | $6,685,376.50 |
SRN | SUREFIRE RESOURCES | 0.006 | 0 | -59.1667 | $3,084,575.50 |
THX | THUNDELARRA | 0.013 | 0 | -56.6667 | $8,399,246.00 |
TNG | TNG | 0.11 | 0 | -31.25 | $105,981,416.00 |
TKM | TREK METALS | 0.009 | 0 | -71.875 | $2,810,732.50 |
WKT | WALKABOUT RESOURCES | 0.098 | 0 | -20 | $30,424,974.00 |
WML | WOOMERA MINING | 0.067 | 0 | -93.3 | $7,551,197.00 |
RIO | RIO TINTO | 82.8 | -0.0497 | 9.8074 | $120,469,987,328.00 |
OMH | OM HOLDINGS | 1.335 | -0.3774 | 15.3401 | $974,982,784.00 |
SO4 | SALT LAKE POTASH | 0.44 | -1.1494 | -14.4279 | $88,696,352.00 |
KDR | KIDMAN RESOURCES | 1.1825 | -1.2712 | -37.7005 | $471,588,960.00 |
LI3 | LITHIUM CONSOLIDATED | 0.071 | -1.3889 | -49.2857 | $6,448,370.50 |
CXO | CORE LITHIUM | 0.06 | -1.6667 | -19.1781 | $40,938,132.00 |
GWR | GWR GROUP | 0.098 | -2 | 50.7692 | $24,844,708.00 |
JMS | JUPITER MINES | 0.24 | -2.0833 | 234.0815 | $460,362,880.00 |
DEV | DEVEX RESOURCES | 0.046 | -2.1277 | -60.3448 | $4,229,247.00 |
NMT | NEOMETALS | 0.22 | -2.2222 | -46.6667 | $119,674,336.00 |
GME | GME RESOURCES | 0.09 | -2.2727 | -42.3254 | $41,464,060.00 |
POS | POSEIDON NICKEL | 0.041 | -2.439 | -18.3673 | $105,708,072.00 |
GPX | GRAPHEX MINING | 0.18 | -2.7027 | -40.9836 | $15,594,610.00 |
COB | COBALT BLUE | 0.17 | -2.8571 | -77.027 | $21,180,900.00 |
S32 | SOUTH32 | 3.355 | -2.9499 | -9.5569 | $16,619,333,632.00 |
AJM | ALTURA MINING | 0.16 | -3.0303 | -58.9744 | $291,258,624.00 |
FCC | FIRST COBALT | 0.18 | -3.0303 | -86.2069 | $54,291,492.00 |
BOA | BOADICEA RESOURCES | 0.155 | -3.125 | -24.3902 | $8,191,001.50 |
BPL | BROKEN HILL PROSPECTING | 0.03 | -3.2258 | -63.8554 | $4,436,502.00 |
GLN | GALAN LITHIUM | 0.31 | -3.2258 | 200 | $33,514,942.00 |
HXG | HEXAGON RESOURCES | 0.14 | -3.4483 | -36.3636 | $40,849,676.00 |
MIN | MINERAL RESOURCES | 15.4 | -3.5581 | -17.3694 | $2,904,110,592.00 |
IDA | INDIANA RESOURCES | 0.054 | -3.5714 | -10.405 | $5,167,087.50 |
N27 | NORTHERN COBALT | 0.072 | -4 | -86.2857 | $3,694,565.25 |
VRC | VOLT RESOURCES | 0.018 | -4 | -35.1351 | $34,931,476.00 |
DEG | DE GREY MINING | 0.11 | -4.1667 | -14.8148 | $48,662,916.00 |
ORN | ORION MINERALS | 0.023 | -4.1667 | -28.125 | $43,095,872.00 |
TON | TRITON MINERALS | 0.048 | -4.1667 | -53.5354 | $42,648,344.00 |
ARU | ARAFURA RESOURCES | 0.046 | -4.2553 | -61.1378 | $32,463,140.00 |
BAT | BATTERY MINERALS | 0.022 | -4.3478 | -76.087 | $24,500,774.00 |
KAI | KAIROS MINERALS | 0.023 | -4.3478 | -46.3415 | $18,750,002.00 |
NZC | NZURI COPPER | 0.22 | -4.3478 | -45 | $65,099,208.00 |
THR | THOR MINING | 0.022 | -4.3478 | -62.069 | $15,771,812.00 |
ORE | OROCOBRE | 3.29 | -4.386 | -52.5399 | $855,212,928.00 |
ARL | ARDEA RESOURCES | 0.515 | -4.5045 | -65.8065 | $55,644,920.00 |
BUX | BUXTON RESOURCES | 0.105 | -4.5455 | -19.2308 | $14,285,820.00 |
NVA | NOVA MINERALS | 0.02 | -4.5455 | -48.7805 | $16,298,817.00 |
VMS | VENTURE MINERALS | 0.021 | -4.5455 | -53.3333 | $10,932,852.00 |
CUL | CULLEN RESOURCES | 0.02 | -4.7619 | -51.8716 | $3,389,296.50 |
HIG | HIGHLANDS PACIFIC | 0.1 | -4.7619 | 6.383 | $109,273,384.00 |
INF | INFINITY LITHIUM | 0.056 | -4.7619 | -60 | $11,410,266.00 |
BAR | BARRA RESOURCES | 0.038 | -5 | -32.1429 | $20,477,848.00 |
E25 | ELEMENT 25 | 0.175 | -5.4054 | -16.6667 | $14,693,761.00 |
ASN | ANSON RESOURCES | 0.071 | -5.4795 | -72.4 | $34,180,000.00 |
CNJ | CONICO | 0.016 | -5.5555 | -62.2222 | $5,979,890.50 |
LCD | LATITUDE CONSOLIDATED | 0.017 | -5.5555 | -41.3793 | $4,678,043.00 |
AML | AEON METALS | 0.25 | -5.6604 | -10.7143 | $146,867,424.00 |
PLS | PILBARA MINERALS | 0.66 | -5.6738 | -34.1584 | $1,160,101,376.00 |
BGS | BIRIMIAN | 0.165 | -5.7143 | -76.7606 | $43,347,168.00 |
RDS | REDSTONE RESOURCES | 0.016 | -5.8824 | 27.8721 | $7,535,429.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | 0.33 | -5.8824 | 8.4746 | $22,413,866.00 |
VML | VITAL METALS | 0.008 | -5.8824 | -27.2727 | $13,940,890.00 |
OKR | OKAPI RESOURCES | 0.23 | -6.1224 | -63.4921 | $7,898,859.50 |
AGY | ARGOSY MINERALS | 0.145 | -6.6667 | -64.557 | $129,289,520.00 |
AOU | AUROCH MINERALS | 0.075 | -6.6667 | -33.3333 | $7,035,248.00 |
AUZ | AUSTRALIAN MINES | 0.042 | -6.6667 | -61.8182 | $118,605,224.00 |
4CE | FORCE COMMODITIES | 0.014 | -6.6667 | -87.2727 | $5,934,822.00 |
CLQ | CLEAN TEQ | 0.435 | -7.4468 | -70.5085 | $324,651,808.00 |
PLL | PIEDMONT LITHIUM | 0.095 | -7.619 | -48.9474 | $64,681,664.00 |
IRC | INTERMIN RESOURCES | 0.12 | -7.6923 | -36.8421 | $28,246,616.00 |
MEI | METEORIC RESOURCES | 0.012 | -8.3333 | -81.0345 | $6,319,013.50 |
TAR | TARUGA MINERALS | 0.06 | -8.3333 | -47.619 | $7,764,198.00 |
GXY | GALAXY RESOURCES | 2.055 | -8.37 | -40.2299 | $847,649,984.00 |
CLA | CELSIUS RESOURCES | 0.052 | -8.4746 | -58.4615 | $40,889,776.00 |
GED | GOLDEN DEEPS | 0.043 | -8.5106 | -38.5714 | $7,369,374.00 |
AUR | AURIS MINERALS | 0.032 | -8.5714 | -36 | $13,077,803.00 |
HGM | HIGH GRADE METALS | 0.01 | -9.0909 | -84.8485 | $4,529,378.50 |
BEM | BLACKEARTH MINERALS NL | 0.071 | -9.3333 | -70.4348 | $4,133,414.00 |
CAZ | CAZALY RESOURCES | 0.018 | -10 | -60 | $4,190,743.00 |
MTC | METALSTECH | 0.036 | -10 | -86.1538 | $4,210,340.00 |
POW | PROTEAN ENERGY | 0.019 | -10 | -45.4545 | $5,528,322.00 |
SYA | SAYONA MINING | 0.019 | -10 | -78.0488 | $30,888,440.00 |
VMC | VENUS METALS CORP | 0.135 | -10 | 8 | $12,219,483.00 |
ZNC | ZENITH MINERALS | 0.068 | -10.1266 | -62.6316 | $15,106,111.00 |
LKE | LAKE RESOURCES | 0.063 | -10.1449 | -68.2051 | $22,700,790.00 |
CRL | COMET RESOURCES | 0.026 | -10.3448 | -75.2381 | $5,991,700.00 |
BSX | BLACKSTONE MINERALS | 0.085 | -11.1111 | -80.8696 | $9,522,019.00 |
CDT | CASTLE MINERALS | 0.008 | -11.1111 | -63.6364 | $1,790,367.75 |
CZN | CORAZON MINING | 0.005 | -11.1111 | -78.9474 | $5,061,133.50 |
EUC | EUROPEAN COBALT | 0.025 | -11.1111 | -77.1429 | $18,280,736.00 |
INR | IONEER | 0.1625 | -11.1111 | -53.6232 | $235,197,360.00 |
ESR | ESTRELLA RESOURCES | 0.015 | -11.7647 | -31.8182 | $7,378,249.50 |
PGM | PLATINA RESOURCES | 0.074 | -13.924 | -53.1034 | $17,960,584.00 |
EMH | EUROPEAN METALS | 0.35 | -14.1026 | -44.1667 | $49,125,148.00 |
GPP | GREENPOWER ENERGY | 0.003 | -14.2857 | -81.25 | $4,696,111.00 |
JRV | JERVOIS MINING | 0.255 | -14.5455 | -60.8333 | $52,466,804.00 |
RNU | RENASCOR RESOURCES | 0.017 | -15 | -63.8298 | $19,608,214.00 |
AZI | ALTA ZINC | 0.005 | -16.6667 | -54.5455 | $6,844,828.50 |
HNR | HANNANS | 0.009 | -18.1818 | -66.6667 | $17,891,590.00 |
AVZ | AVZ MINERALS | 0.055 | -19.403 | -81.0526 | $101,976,920.00 |
PMY | PACIFICO MINERALS | 0.005 | -20 | -50 | $6,585,751.50 |
SI6 | SIX SIGMA METALS | 0.004 | -20 | -75 | $1,830,012.63 |
SBR | SABRE RESOURCES | 0.007 | -22.2222 | -73.0769 | $2,848,815.25 |
CZR | COZIRON RESOURCES | 0.008 | -23.0769 | -52.381 | $17,855,512.00 |
RLC | REEDY LAGOON CORP | 0.006 | -25 | -87.234 | $2,413,630.25 |
BAU | BAUXITE RESOURCES | 0.037 | -26 | -40.4895 | $7,933,626.50 |