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

 

INDUSTRY FOCUS

Amazon, which reported revenues of $US63.4 billion ($93.6 billion) and net profits of $US2.6 billion in the second quarter alone, has just ordered 100,000 electric trucks from EV startup Rivian.

The $US890 billion market cap Amazon plans to have 10,000 of the new EVs on the road as early as 2022, and all 100,000 vehicles on the road by 2030.

“Bold steps by big companies will make a huge difference in the development of new technologies and industries to support a low carbon economy,” said Christiana Figueres, the UN’s former climate change chief and founding partner of Global Optimism.

It’s another way of saying that this represents one large order from one very large, very wealthy company — what happens to overall EV demand when other global giants follow suit?

Wrap your thinking piece around that.

READ: China will have 1 million electric buses on the road by 2023

And Daimler – one of the largest carmakers in the world – could be ending development of future gasoline engines.

Daimler development chief Markus Schaefer suggested that Daimler’s roadmap currently has no plan for future gasoline engine development, according to Auto Motor und Sport.

Elon said congrats.

It will get very real, very soon for the lithium-ion supply chain as the EV thematic becomes ‘a real thing that is actually happening’. Like Benchmark Minerals Intelligence said in July:

“Spectators that flocked to the market in 2016 on the promise of an EV super-cycle have left before the warmup, let alone the main event.”

 

SMALL CAP SPOTLIGHT

This week, vanadium plays came to life.

The sector had all but tumbled off investor radars when V2O5 prices plummeted below $US10/lb, from highs of +$US30/lb in late 2018. We subsequently saw a few of the fringe vanadium-focused explorers headed for greener pastures, like gold.

But as we’ve mentioned before, current conditions – smooth, consistent pricing up to $US10/lb – are crucial for the fledgling vanadium battery industry to build some momentum.

The plus-$US30/lb nonsense that got everyone excited last year is a stone-cold industry killer.

READ: Think high vanadium prices are good news? You’re wrong.

 

Mount Burgess Mining (ASX:MTB) +233%

Mount Burgess hasn’t announced anything this month to warrant a one-week, 233 per cent share price increase.

The $2m market cap explorer could only suggest that “the market is now recognising the significance” of an August 20 release, which said vanadium from its Nxuu vanadium and base metals project in Botswana only requires a very simple hydrometallurgical recovery process.

 

Golden Deeps (ASX:GED) +39%

Fellow African explorer Golden Deeps, in total contrast, had an action-packed week.

Earlier this year, Golden Deeps and the pleasant-sounding folks at Generous Metals Company (GMC) entered a joint venture to process vanadium, lead and zinc minerals from stockpiles and tailings at the Abenab project.

Last week, the JV pushed on with stage two trial operations – the cost of which will be borne by GMC.

A few days later Golden Deeps reported a 7.84 per cent V2O5 drilling intersection. Which is outrageous, considering the average in-situ grade globally is probably less than 1 per cent.

 

Vanadium Resources (ASX:VR8) +10%

Vanadium Resources has just got back from its very first Asian marketing trip, where it says interest in the advanced, high-grade Steelpoortdrift vanadium project was strong.

Among other things, the company had discussions around “strategic investment opportunities, and collaboration to develop downstream processing options, provision of project finance, prepayments for offtake and other financial partnerships”.

A leading China-based vanadium battery maker showed particular interest and will now test Steelpoortdrift samples prior to further discussions on offtake, “collaboration on vanadium electrolyte production, and strategic alliances to produce vanadium flow batteries”.

Vanadium Resources managing director Bill Oliver said it was great to get such a positive response. The company will head back to China in about five weeks for some follow-up meetings.

“Most illuminating were the dynamics of the market, and specifically the continued appetite for vanadium and vanadium products which is growing independently of price changes,” he says.

 

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 1 Week Total Return % 1 Year Total Return % Price Sep 23 (intraday) Market Cap
MTB MOUNT BURGESS MINING 233 0 0.005 $ 2,600,647.00
AZI ALTA ZINC 67 -22 0.005 $ 9,149,422.00
MLS METALS AUSTRALIA 50 -25 0.003 $ 8,781,593.00
GED GOLDEN DEEPS 39 -32 0.032 $ 7,564,089.00
EUC EUROPEAN COBALT 32 -44 0.033 $ 25,136,012.00
RMX RED MOUNTAIN MINING 30 -7 0.0065 $ 5,057,239.00
DEV DEVEX RESOURCES 22 33 0.094 $ 12,772,855.00
AEE AURA ENERGY 20 -59 0.009 $ 11,370,651.00
MTC METALSTECH 20 -76 0.018 $ 2,105,170.00
KSN KINGSTON RESOURCES 17 -4 0.021 $ 37,084,332.00
MLM METALLICA MINERALS 17 -55 0.014 $ 4,536,663.50
CZN CORAZON MINING 17 -50 0.0035 $ 5,707,410.00
TAR TARUGA MINERALS 15 -67 0.03 $ 4,235,017.00
HNR HANNANS 14 0 0.011 $ 23,855,454.00
GBE GLOBE METALS AND MINING 13 31 0.017 $ 7,920,680.50
DGR DGR GLOBAL 13 -33 0.081 $ 55,186,368.00
MNS MAGNIS ENERGY TECHNOLOGIES 12 -42 0.2 $ 113,060,160.00
CLQ CLEAN TEQ 11 -30 0.33 $ 257,528,768.00
SYA SAYONA MINING 11 -71 0.011 $ 18,497,974.00
MRR MINREX RESOURCES 11 -70 0.01 $ 958,777.25
ZNC ZENITH MINERALS 11 -50 0.063 $ 13,426,226.00
CHN CHALICE GOLD MINES 11 93 0.225 $ 57,554,308.00
VR8 VANADIUM RESOURCES 10 -62 0.053 $ 18,662,754.00
BAR BARRA RESOURCES 10 -45 0.024 $ 11,855,596.00
KTA KRAKATOA RESOURCES 10 -23 0.023 $ 3,105,000.00
MCT METALICITY 9 -67 0.006 $ 3,866,334.75
SRN SUREFIRE RESOURCES 9 33 0.012 $ 6,037,843.50
NMT NEOMETALS 9 -17 0.185 $ 103,443,264.00
KAI KAIROS MINERALS 8 -59 0.013 $ 11,079,547.00
HAV HAVILAH RESOURCES 8 -32 0.13 $ 28,372,376.00
WKT WALKABOUT RESOURCES 8 115 0.285 $ 88,734,472.00
AML AEON METALS 7 -56 0.155 $ 104,480,808.00
VML VITAL METALS 6 19 0.009 $ 16,554,807.00
GPX GRAPHEX MINING 6 -19 0.19 $ 19,122,590.00
BOA BOADICEA RESOURCES 5 111 0.2 $ 11,119,149.00
GLN GALAN LITHIUM 5 -31 0.21 $ 28,791,290.00
JMS JUPITER MINES 5 36 0.415 $ 812,981,248.00
KOR KORAB RESOURCES 5 -35 0.022 $ 6,978,388.50
PSC PROSPECT RESOURCES 5 -60 0.11 $ 27,134,452.00
INF INFINITY LITHIUM 4 -8 0.071 $ 15,023,577.00
AXE ARCHER EXPLORATION 4 63 0.13 $ 25,621,932.00
BEM BLACKEARTH MINERALS 4 -55 0.059 $ 6,705,675.50
E25 ELEMENT 25 3 9 0.175 $ 16,083,773.00
TMT TECHNOLOGY METALS AUSTRALIA 3 -70 0.175 $ 15,321,979.00
MQR MARQUEE RESOURCES 3 -51 0.078 $ 4,961,588.00
NVA NOVA MINERALS 2 74 0.049 $ 43,805,604.00
SRK STRIKE RESOURCES 2 -15 0.047 $ 7,855,310.50
SEI SPECIALITY METALS 2 214 0.05 $ 48,153,752.00
LI3 LITHIUM CONSOLIDATED 2 -39 0.0475 $ 6,078,753.00
GME GME RESOURCES 1 -36 0.075 $ 35,437,004.00
TLG TALGA RESOURCES 1 -15 0.425 $ 92,194,928.00
SO4 SALT LAKE POTASH 1 77 0.85 $ 217,588,928.00
RIE RIEDEL RESOURCES 0 -60 0.01 $ 5,016,836.50
AYR ALLOY RESOURCES 0 -50 0.0025 $ 4,233,194.00
KDR KIDMAN RESOURCES 0 62 1.9 $ 776,185,280.00
DHR DARK HORSE RESOURCES 0 -67 0.004 $ 9,113,361.00
VRC VOLT RESOURCES 0 -50 0.011 $ 16,054,073.00
SI6 SIX SIGMA METALS 0 -56 0.005 $ 2,580,012.50
THR THOR MINING 0 -52 0.01 $ 9,859,762.00
LRS LATIN RESOURCES 0 -87 0.018 $ 2,802,584.25
RLC REEDY LAGOON 0 -60 0.004 $ 1,609,086.88
WCN WHITE CLIFF MINERALS 0 -57 0.008 $ 3,762,799.00
PLS PILBARA MINERALS 0 -61 0.3475 $ 680,927,936.00
DTM DART MINING 0 -14 0.006 $ 6,104,257.00
POW PROTEAN ENERGY 0 -70 0.008 $ 2,491,498.00
BDI BLINA MINERALS 0 0 0.001 $ 4,593,882.50
SVD SCANDIVANADIUM 0 -64 0.009 $ 3,166,795.00
HIP HIPO RESOURCES 0 -47 0.01 $ 3,865,104.50
AUZ AUSTRALIAN MINES 0 -38 0.027 $ 96,452,792.00
PSM PENINSULA MINES 0 -50 0.003 $ 3,038,616.25
PUR PURSUIT MINERALS 0 -82 0.01 $ 3,053,697.75
FEL FE 0 -26 0.014 $ 6,841,822.50
CHK COHIBA MINERALS 0 86 0.014 $ 8,639,985.00
LKE LAKE RESOURCES 0 -52 0.044 $ 21,465,856.00
PNN PEPINNINI LITHIUM 0 -55 0.003 $ 3,714,035.25
CFE CAPE LAMBERT RESOURCES 0 -75 0.005 $ 6,374,843.50
MTH MITHRIL RESOURCES 0 -35 0.005 $ 2,942,335.25
BSM BASS METALS 0 -70 0.008 $ 22,478,996.00
NWC NEW WORLD COBALT 0 -65 0.021 $ 15,450,646.00
LIT LITHIUM AUSTRALIA 0 -60 0.047 $ 24,576,504.00
HWK HAWKSTONE MINING 0 -38 0.015 $ 10,354,770.00
NXE NEW ENERGY MINERALS 0 -76 0.024 $ 3,669,490.50
GPP GREENPOWER ENERGY 0 -75 0.001 $ 2,302,245.25
SBR SABRE RESOURCES 0 -64 0.004 $ 1,901,534.75
LCD LATITUDE CONSOLIDATED 0 -20 0.016 $ 4,402,864.00
TKL TRAKA RESOURCES 0 -72 0.01 $ 4,004,629.50
NZC NZURI COPPER 0 -8 0.29 $ 85,812,592.00
INR IONEER 0 -44 0.18 $ 250,747,200.00
CGM COUGAR METALS 0 -67 0.001 $ 1,176,583.25
CLA CELSIUS RESOURCES 0 -87 0.018 $ 12,872,707.00
AGY ARGOSY MINERALS 0 -68 0.077 $ 81,160,168.00
ARL ARDEA RESOURCES 0 -10 0.595 $ 67,375,112.00
MZZ MATADOR MINING 0 -11 0.28 $ 27,624,466.00
IDA INDIANA RESOURCES 0 -54 0.023 $ 3,404,338.00
CNJ CONICO 0 -61 0.01 $ 3,843,982.25
CUL CULLEN RESOURCES 0 -28 0.014 $ 2,541,972.50
OMH OM HOLDINGS -1 -62 0.5 $ 373,004,800.00
MIN MINERAL RESOURCES -1 -10 13.99 $ 2,652,189,952.00
TNG TNG -1 -32 0.088 $ 102,333,608.00
BYH BRYAH RESOURCES -1 -27 0.0765 $ 5,103,240.50
BKT BLACK ROCK MINING -1 97 0.066 $ 41,710,908.00
ORE OROCOBRE -2 -36 2.75 $ 682,979,776.00
PAN PANORAMIC RESOURCES -2 -42 0.31 $ 171,056,976.00
EMH EUROPEAN METALS -2 -25 0.305 $ 44,488,624.00
KNL KIBARAN RESOURCES -2 -52 0.093 $ 27,213,750.00
TON TRITON MINERALS -3 -13 0.039 $ 36,158,388.00
GXY GALAXY RESOURCES -3 -57 1.14 $ 466,806,432.00
FGR FIRST GRAPHENE -3 16 0.205 $ 85,448,936.00
RNU RENASCOR RESOURCES -3 -21 0.015 $ 17,301,366.00
SVM SOVEREIGN METALS -3 11 0.099 $ 31,616,084.00
AVL AUSTRALIAN VANADIUM -4 -76 0.014 $ 25,659,970.00
POS POSEIDON NICKEL -4 2 0.053 $ 137,420,496.00
AVZ AVZ MINERALS -4 -50 0.049 $ 112,903,272.00
SUH SOUTHERN HEMISPHERE MINING -4 -63 0.024 $ 2,123,267.25
CRL COMET RESOURCES -4 -27 0.025 $ 6,660,000.00
CAZ CAZALY RESOURCES -4 59 0.046 $ 15,921,210.00
BUX BUXTON RESOURCES -5 -35 0.1 $ 13,605,543.00
VMC VENUS METALS -5 5 0.19 $ 22,057,802.00
PM1 PURE MINERALS -6 42 0.017 $ 8,010,544.00
SYR SYRAH RESOURCES -6 -78 0.51 $ 208,754,064.00
PLL PIEDMONT LITHIUM -6 -34 0.099 $ 80,722,656.00
LTR LIONTOWN RESOURCES -6 275 0.095 $ 156,013,872.00
HRZ HORIZON MINERALS -7 -24 0.13 $ 53,496,900.00
CXO CORE LITHIUM -8 -26 0.039 $ 29,180,296.00
ASN ANSON RESOURCES -8 -57 0.037 $ 22,198,586.00
N27 NORTHERN COBALT -8 -70 0.036 $ 2,442,362.75
WML WOOMERA MINING -8 -70 0.023 $ 3,796,756.50
AJM ALTURA MINING -9 -66 0.076 $ 174,409,680.00
BSX BLACKSTONE MINERALS -9 33 0.165 $ 25,752,762.00
COB COBALT BLUE -9 -50 0.15 $ 23,984,404.00
AMD ARROW MINERALS -9 -55 0.01 $ 8,441,385.00
PIO PIONEER RESOURCES -10 -5 0.02 $ 28,666,416.00
4CE FORCE COMMODITIES -10 -53 0.018 $ 9,137,786.00
CZR COZIRON RESOURCES -10 -55 0.009 $ 18,747,462.00
LPD LEPIDICO -10 -4 0.018 $ 79,176,032.00
BAT BATTERY MINERALS -10 -69 0.009 $ 11,862,824.00
MEI METEORIC RESOURCES -11 235 0.063 $ 56,181,472.00
ADV ARDIDEN -11 -56 0.004 $ 6,762,081.00
JRV JERVOIS MINING -12 -22 0.225 $ 147,575,504.00
BPL BROKEN HILL PROSPECTING -12 -56 0.024 $ 3,253,434.75
PGM PLATINA RESOURCES -12 -69 0.029 $ 7,659,661.00
LPI LITHIUM POWER INTERNATIONAL -12 12 0.34 $ 85,317,016.00
ARE ARGONAUT RESOURCES -17 -80 0.005 $ 7,771,903.00
LML LINCOLN MINERALS -17 -69 0.005 $ 2,874,918.50
HXG HEXAGON RESOURCES -17 -55 0.059 $ 17,215,220.00
MZN MARINDI METALS -18 -74 0.08 $ 7,195,037.00
MLL MALI LITHIUM -19 -70 0.078 $ 21,491,446.00
JRL JINDALEE RESOURCES -22 -12 0.25 $ 9,623,563.00
IEC INTRA ENERGY -27 -38 0.008 $ 3,101,792.25
ANW AUS TIN MINING -43 -80 0.003 $ 9,029,414.00
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