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High Voltage: Australia, your electric ute will happen – but it won’t be a Tesla

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  • Tesla inks battery material supply deal with Chinese suppliers with strong links to ASX stocks
  • And an electric ute for Australia, finally. Is it any good though?
  • This week’s ASX battery metals winners and losers

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

 

Tesla inks battery material supply deal with Chinese suppliers with strong links to ASX stocks

Earlier this week Tesla inked two long-term deals with two of its current battery materials suppliers in China, Huayou and CNGR.

Huayou will supply Tesla to the end of 2025, with prices subject to market prices as well as refining fees.

CNGR will supply the automaker between 2023 and 2025.

Both these companies need feed. Huayou, in particular, has strong ties to ASX mining and exploration stocks.

It recently bought the very advanced Arcadia lithium project from Prospect Resources (ASX:PSC) for US$377.8m, which equates to around A$1.23 per ordinary PSC share.

But both CNGR and Huayou have also played the bogeyman to ASX battery metals players.

In March last year, Chinese nickel giant Tsingshan announced plans to supply 100,000 tonnes of nickel ‘matte’ converted from lower quality nickel pig iron (NPI) to CNGR and Huayou.

News that Tsingshan was about to supply a big chunk of the current and predicted battery nickel shortfall with converted ‘class 2’ nickel — largely avoided due to higher conversion costs and an elevated carbon footprint – was enough to send shockwaves through the red-hot nickel market at the time.

 

An electric ute for Australia, finally

Sedans are objectively useless. Australia is a nation of ute and 4WD enthusiasts, and this is the market EV makers need to focus on if they want to win us over.

Chinese electric car maker BYD says it plans to introduce five models in Australia within the next two years, including an electric dual-cab ute.

“We love the ute. We have a product that’s been in development for some time,” EVDirect managing director Luke Todd told Drive.

“We will hold back on announcing actual timing, but what I can say is when the BYD electric ute does come to the country, it will be a game-changer.

“It’s coming. I know it’s coming. There’s a whole factory prepping to build this thing.

But the first electric ute to be sold in Australia will probs be the Chinese LDV eT60, which is already being sold in NZ.

Pic: https://ldv.co.nz/

Drive says the same model with a slightly different name is due in Australian showrooms within the next six months or so at an estimated cost of $60,000.

And yet these pioneering EV utes have nothing on the tried-and-true diesel models.

“Maximum towing capacity for the LDV eT60 electric ute is rated at 1500kg (versus 3000kg for the diesel variant),” Drive says.

“However, LDV advises driving range is cut in half when towing at the maximum 1500kg capacity.”

 

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 friendly mail to reuben@stockhead.com.au

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
PSC Prospect Res Ltd 174% 186% 225% 752% 0.135 $62,405,027.37
MRR Minrex Resources Ltd 39% 61% -22% 163% 0.05 $55,127,641.97
ARN Aldoro Resources 31% 56% -45% -55% 0.21 $19,917,463.40
ADD Adavale Resource Ltd 25% 36% -36% -47% 0.029 $8,983,930.19
AS2 Askarimetalslimited 23% 18% -14% 55% 0.295 $13,520,781.00
SRL Sunrise 22% 30% 56% 42% 2.8 $246,758,588.46
GL1 Globallith 21% 20% -13% 400% 1.4 $230,112,471.20
DTM Dart Mining NL 21% 50% -3% -42% 0.075 $10,685,552.64
AXE Archer Materials 21% 54% -28% -42% 0.87 $188,835,077.32
RBX Resource B 21% 12% -26% -12% 0.145 $5,941,592.07
ENT Enterprise Metals 20% 50% -19% -14% 0.012 $7,509,277.91
PLL Piedmont Lithium Inc 18% 20% -7% -15% 0.625 $332,369,604.00
PAN Panoramic Resources 18% 0% -18% 11% 0.2 $440,946,510.86
NWM Norwest Minerals 18% 38% -43% -49% 0.04 $8,127,332.42
NVA Nova Minerals Ltd 18% 28% -1% -21% 0.87 $158,578,010.80
LKE Lake Resources 17% 6% -12% 73% 0.805 $1,153,480,801.98
LSR Lodestar Minerals 17% 17% -30% -30% 0.007 $12,169,061.44
RAG Ragnar Metals Ltd 17% 17% 2% -18% 0.042 $16,304,950.23
TMB Tambourahmetals 17% 40% -31% 0% 0.175 $7,208,704.65
AX8 Accelerate Resources 16% 23% -3% -8% 0.037 $9,195,602.57
PGM Platina Resources 15% 3% -41% -63% 0.03 $13,031,470.26
POS Poseidon Nick Ltd 15% 13% -46% -61% 0.053 $168,517,773.93
LEL Lithenergy 15% 38% -10% 95% 0.955 $44,698,500.00
PRL Province Resources 15% 109% -18% -15% 0.115 $135,009,211.45
MAN Mandrake Res Ltd 15% 8% -20% -56% 0.039 $20,310,996.96
CWX Carawine Resources 15% 36% -29% -54% 0.11 $15,161,778.17
ADV Ardiden Ltd 14% 0% -47% 0% 0.008 $21,346,682.85
ESS Essential Metals Ltd 14% 23% -10% 221% 0.45 $113,384,215.50
CAI Calidus Resources 14% 22% -5% 42% 0.71 $287,520,825.39
EMN Euromanganese 13% 7% -36% -49% 0.305 $80,175,377.84
BUX Buxton Resources Ltd 13% 28% 17% -32% 0.088 $12,395,472.99
SBR Sabre Resources 13% 13% -10% 13% 0.0045 $13,948,655.04
SHH Shree Minerals Ltd 13% 13% -18% -25% 0.009 $11,146,382.03
LPI Lithium Pwr Int Ltd 12% 20% -34% 85% 0.5 $183,301,045.20
LTR Liontown Resources 12% 33% -10% 61% 1.325 $2,893,737,261.36
GME GME Resources Ltd 12% 25% 59% 112% 0.11 $62,369,030.01
GBR Greatbould Resources 12% 24% -34% 5% 0.092 $38,904,239.92
DEV Devex Resources Ltd 12% 24% -34% 4% 0.285 $84,829,671.63
QPM Queensland Pacific 12% 26% -15% -12% 0.145 $226,723,904.00
MIN Mineral Resources. 11% 15% -8% -16% 53.08 $10,220,075,855.56
LMG Latrobe Magnesium 11% 48% -15% 394% 0.089 $143,344,178.04
BEM Blackearth Minerals 11% 18% -27% -13% 0.091 $25,142,198.65
BMM Balkanminingandmin 10% 33% -45% -48% 0.22 $6,550,000.00
EGR Ecograf Limited 10% 6% -55% -60% 0.285 $128,345,035.82
CAE Cannindah Resources 10% 15% -6% 265% 0.23 $123,739,400.39
OZL OZ Minerals 9% 8% -23% -20% 18.6 $6,330,028,687.49
AKE Allkem Limited 9% 9% 21% 35% 11.16 $7,517,988,833.94
EMT Emetals Limited 9% 33% -33% -33% 0.012 $9,350,000.00
TNG TNG Limited 9% 92% 32% 36% 0.098 $134,676,567.53
TLG Talga Group Ltd 9% 28% -9% 1% 1.37 $410,190,728.06
RMX Red Mount Min Ltd 8% 18% -35% -32% 0.0065 $9,854,183.15
SYR Syrah Resources 8% 10% -17% 0% 1.385 $937,219,932.60
IGO IGO Limited 8% 10% -8% 16% 10.81 $8,367,809,333.65
BKT Black Rock Mining 8% 20% -22% 12% 0.1675 $166,133,459.82
TON Triton Min Ltd 8% 42% -21% -16% 0.027 $33,987,172.78
PLS Pilbara Min Ltd 8% 22% -16% 55% 2.74 $8,335,175,475.20
NMT Neometals Ltd 8% 22% -24% 77% 1.11 $600,472,153.62
MLS Metals Australia 8% 12% 40% 87% 0.056 $34,650,207.65
CXO Core Lithium 8% 20% 43% 309% 1.125 $2,053,860,623.46
CHR Charger Metals 7% 47% -35% 122% 0.51 $17,267,948.55
IXR Ionic Rare Earths 7% 10% -21% 50% 0.045 $170,394,616.48
CMO Cosmometalslimited 7% -9% -30% 0% 0.15 $3,316,300.00
CRR Critical Resources 7% 2% -59% 80% 0.045 $69,936,716.23
TMT Technology Metals 7% 3% 14% 13% 0.395 $82,880,700.02
CNJ Conico Ltd 7% 52% 62% -43% 0.032 $38,033,056.43
SRZ Stellar Resources 7% -6% -30% -36% 0.016 $13,428,842.02
LYC Lynas Rare Earths 6% -1% 0% 21% 8.88 $8,211,945,141.40
CHN Chalice Mining Ltd 6% 25% -42% -33% 4.64 $1,761,070,867.92
ESR Estrella Res Ltd 6% -19% -51% -61% 0.017 $21,239,446.29
GSM Golden State Mining 6% 33% -45% -65% 0.052 $5,471,801.99
LIT Lithium Australia 6% 27% -38% -38% 0.071 $74,549,471.40
VRC Volt Resources Ltd 6% 6% -10% -36% 0.018 $56,451,284.21
CZN Corazon Ltd 6% 0% -34% -55% 0.019 $11,596,280.58
KOR Korab Resources 6% 0% -63% -21% 0.019 $7,341,000.00
EUR European Lithium Ltd 5% 39% -32% 32% 0.078 $107,990,330.21
RNU Renascor Res Ltd 5% 30% -19% 164% 0.195 $431,644,247.20
S32 South32 Limited 5% -3% -2% 26% 3.74 $17,865,745,914.24
BRB Breaker Res NL 5% 14% -13% 31% 0.21 $65,168,185.80
CZL Cons Zinc Ltd 5% 17% -19% -40% 0.021 $7,747,156.26
GW1 Greenwing Resources 5% 0% -49% -8% 0.22 $29,579,363.76
SCN Scorpion Minerals 5% -6% -11% -4% 0.067 $21,900,858.67
A8G Australasian Metals 4% 4% -57% 60% 0.24 $10,086,771.03
GSR Greenstone Resources 4% 28% 43% 150% 0.05 $49,371,323.38
LEG Legend Mining 4% 6% -29% -42% 0.051 $146,022,193.21
HAS Hastings Tech Met 4% 1% -21% 3% 4.1 $421,011,793.75
EMS Eastern Metals 4% 0% -39% 0% 0.14 $5,991,718.75
WML Woomera Mining Ltd 3% -21% -32% -37% 0.015 $10,302,495.99
CMX Chemxmaterials 3% -3% -33% 0% 0.155 $7,182,816.41
CTM Centaurus Metals Ltd 3% -5% -19% 1% 0.935 $416,428,616.18
NVX Novonix Limited 3% 12% -67% -3% 2.5 $1,250,109,443.56
BHP BHP Group Limited 3% -4% -4% -19% 38.58 $197,936,836,729.00
BOA Boadicea Resources 3% 32% -23% -27% 0.165 $12,820,482.68
WIN Widgienickellimited 3% -7% -3% 0% 0.33 $82,566,000.00
VMC Venus Metals Cor Ltd 3% 3% 0% -3% 0.175 $28,814,162.94
INR Ioneer Ltd 3% 25% -23% 29% 0.53 $1,195,513,984.92
AGY Argosy Minerals Ltd 3% 9% 6% 204% 0.365 $515,370,258.74
BSX Blackstone Ltd 3% -3% -69% -56% 0.19 $89,575,037.35
MCR Mincor Resources NL 3% 14% 18% 55% 1.905 $934,828,497.21
AVL Aust Vanadium Ltd 3% 24% -5% 71% 0.041 $165,515,949.14
NIC Nickel Industries 2% 9% -27% -4% 1.055 $2,922,462,641.79
VML Vital Metals Limited 2% 7% -10% -10% 0.044 $175,608,289.54
KZR Kalamazoo Resources 2% 29% -34% -41% 0.22 $30,490,818.54
LOT Lotus Resources Ltd 2% 10% -4% 35% 0.23 $230,469,742.85
ARR American Rare Earths 2% 0% -35% 200% 0.255 $98,926,234.00
RXL Rox Resources 2% 2% -40% -38% 0.26 $42,235,236.75
MLX Metals X Limited 2% -5% -41% 15% 0.315 $299,397,802.11
MNS Magnis Energy Tech 2% 5% -37% 17% 0.315 $305,654,417.15
ZNC Zenith Minerals Ltd 2% 22% 0% 40% 0.33 $118,942,986.26
GLN Galan Lithium Ltd 1% 10% -29% 9% 1.135 $359,191,247.16
PEK Peak Rare Earths Ltd 1% 61% -38% -59% 0.475 $95,380,327.02
VUL Vulcan Energy 1% 31% -23% -27% 7.16 $1,053,514,462.35
COB Cobalt Blue Ltd 1% 24% 33% 162% 0.785 $252,878,481.51
ILU Iluka Resources 1% 1% -9% -4% 9.58 $4,106,608,806.96
VIA Viagold Rare Earth 0% 0% 0% 2339% 2 $166,624,808.00
INF Infinity Lithium 0% 15% -16% 45% 0.135 $60,176,894.57
HNR Hannans Ltd 0% 0% -58% 204% 0.021 $54,731,701.00
MRD Mount Ridley Mines 0% 0% -44% 25% 0.005 $23,456,113.76
AVZ AVZ Minerals Ltd 0% 0% 5% 322% 0.78 $2,752,409,203.44
FRS Forrestaniaresources 0% 33% -57% 0% 0.16 $4,818,377.12
SRI Sipa Resources Ltd 0% 14% -7% -27% 0.04 $8,200,992.12
TKL Traka Resources 0% 0% -60% -57% 0.006 $4,132,647.37
AOU Auroch Minerals Ltd 0% 10% -42% -68% 0.064 $22,182,107.94
FFX Firefinch Ltd 0% 0% -12% 44% 0.2 $236,248,644.20
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
1MC Morella Corporation 0% 0% -43% -73% 0.017 $82,819,423.78
PUR Pursuit Minerals 0% 21% -26% -72% 0.017 $16,886,086.30
WKT Walkabout Resources 0% 0% -20% -2% 0.215 $97,239,149.08
AR3 Austrare 0% 16% -53% -43% 0.435 $39,984,651.84
SLZ Sultan Resources Ltd 0% -3% -41% -49% 0.095 $7,912,016.96
WR1 Winsome Resources 0% -10% -59% 0% 0.185 $24,996,088.89
LRV Larvottoresources 0% -5% 14% 0% 0.205 $7,891,175.00
TSC Twenty Seven Co. Ltd 0% 50% -25% -25% 0.003 $7,982,441.72
NC1 Nicoresourceslimited 0% 3% 52% 0% 0.8 $68,055,001.56
FRB Firebird Metals 0% -25% -41% -62% 0.2 $10,497,561.60
OMH OM Holdings Limited 0% -15% -26% -21% 0.635 $465,332,702.31
JMS Jupiter Mines. 0% 0% -13% -34% 0.195 $382,003,251.44
ENV Enova Mining Limited 0% 0% -20% -27% 0.016 $5,875,440.99
AKN Auking Mining Ltd 0% 37% -20% -25% 0.115 $11,462,580.27
RR1 Reach Resources Ltd 0% 0% -50% -50% 0.0035 $6,685,177.24
WMG Western Mines 0% 38% -6% -8% 0.165 $6,777,012.50
KAI Kairos Minerals Ltd 0% 42% 4% -7% 0.027 $51,014,430.77
RAS Ragusa Minerals Ltd 0% -4% 6% 0% 0.074 $9,178,739.39
ODE Odessa Minerals Ltd 0% -7% -18% 180% 0.014 $7,520,115.51
GAL Galileo Mining Ltd 0% -15% 492% 275% 1.125 $215,175,003.40
AZI Altamin Limited -1% 0% 40% 16% 0.095 $37,213,091.44
PNT Panthermetalsltd -1% 11% -7% 0% 0.2325 $6,525,000.00
FG1 Flynngold -2% -2% -43% -46% 0.098 $6,277,982.90
KFM Kingfisher Mining -2% -16% -15% 31% 0.235 $7,876,350.23
PNN Power Minerals Ltd -2% 2% -10% 50% 0.45 $30,450,848.18
MRC Mineral Commodities -2% 6% -37% -43% 0.088 $48,149,157.06
GRE Greentechmetals -2% -17% -30% 0% 0.22 $6,568,799.79
ARL Ardea Resources Ltd -2% 42% 63% 139% 1.095 $189,257,615.78
NTU Northern Min Ltd -3% 0% -22% 0% 0.039 $204,120,474.56
JRV Jervois Global Ltd -3% -24% -41% -20% 0.39 $585,104,119.99
VR8 Vanadium Resources -3% -5% -4% 44% 0.075 $35,513,428.05
QEM QEM Limited -3% -8% 3% 3% 0.18 $23,109,730.78
IPX Iperionx Limited -3% -8% -30% -36% 0.68 $101,007,713.52
HXG Hexagon Energy -3% -13% -74% -76% 0.0165 $8,719,570.32
LPD Lepidico Ltd -3% 16% -24% 93% 0.029 $188,707,974.46
BYH Bryah Resources Ltd -3% 16% -49% -48% 0.029 $6,786,215.25
QXR Qx Resources Limited -3% 0% -26% 115% 0.028 $26,640,231.95
AML Aeon Metals Ltd. -3% 27% -39% -51% 0.028 $27,751,677.04
S2R S2 Resources -3% 4% -18% -15% 0.14 $48,110,605.43
PVW PVW Res Ltd -4% 4% -52% 45% 0.275 $26,046,125.00
FGR First Graphene Ltd -4% 13% -31% -45% 0.135 $80,404,728.74
G88 Golden Mile Res Ltd -4% 0% -52% -48% 0.027 $5,500,780.58
RGL Riversgold -4% -4% 49% -17% 0.027 $21,934,903.97
G88 Golden Mile Res Ltd -4% 0% -52% -48% 0.027 $5,500,780.58
IMI Infinitymining -4% -10% -21% 0% 0.13 $7,762,500.00
GED Golden Deeps -4% -14% 0% -8% 0.012 $12,707,493.85
WCN White Cliff Min Ltd -4% 9% -52% -14% 0.012 $7,843,240.34
ATM Aneka Tambang -4% -8% 5% 15% 1.15 $1,499,196.35
MMC Mitremining -4% -4% -38% 0% 0.115 $3,114,786.50
WC8 Wildcat Resources -4% -8% -34% -4% 0.023 $14,841,272.72
MQR Marquee Resource Ltd -4% 10% -48% 21% 0.068 $22,408,848.18
REE Rarex Limited -5% 3% -43% -40% 0.06 $35,905,371.89
STK Strickland Metals -5% 4% 2% 20% 0.059 $74,304,650.69
JRL Jindalee Resources -5% -13% -1% 3% 2.52 $148,037,732.28
PAM Pan Asia Metals -5% -15% -41% 157% 0.36 $26,611,287.12
SYA Sayona Mining Ltd -5% 16% 38% 120% 0.18 $1,526,271,255.21
AUZ Australian Mines Ltd -5% 13% -63% -67% 0.069 $32,341,255.03
PGD Peregrine Gold -6% 11% -20% -9% 0.42 $15,314,794.00
LPM Lithium Plus -6% 0% 0% 0% 0.42 $18,293,462.00
LNR Lanthanein Resources -6% 0% -36% 3% 0.016 $13,405,209.12
LRS Latin Resources Ltd -7% 6% 137% 51% 0.071 $145,937,557.20
EVR Ev Resources Ltd -7% 12% -57% 27% 0.028 $26,853,538.06
TEM Tempest Minerals -7% -59% 63% 119% 0.039 $20,190,647.04
ARU Arafura Resource Ltd -7% 7% 60% 156% 0.32 $509,532,507.90
EMH European Metals Hldg -7% 8% -52% -60% 0.695 $80,200,431.12
CLZ Classic Min Ltd -8% -75% -75% -88% 0.037 $7,549,250.47
AZL Arizona Lithium Ltd -8% -18% -55% 157% 0.072 $177,964,491.51
ASN Anson Resources Ltd -8% 29% -14% 69% 0.12 $133,628,603.55
NKL Nickelxltd -8% 0% -17% -37% 0.12 $7,452,000.00
AZL Arizona Lithium Ltd -8% -18% -55% 157% 0.072 $177,964,491.51
FTL Firetail Resources -8% -6% 0% 0% 0.235 $14,827,800.00
STM Sunstone Metals Ltd -8% 5% -43% 130% 0.046 $127,225,874.53
MOH Moho Resources -8% -8% -60% -68% 0.022 $3,512,538.99
IG6 Internationalgraphit -8% -14% 0% 0% 0.27 $22,409,229.70
AAJ Aruma Resources Ltd -9% -15% -34% 2% 0.056 $9,731,613.19
GT1 Greentechnology -9% 2% -34% 0% 0.61 $114,247,178.66
MTM Mtmongerresources -9% -17% -31% -44% 0.1 $3,938,553.47
THR Thor Mining PLC -9% 0% -20% -33% 0.01 $10,689,009.73
KTA Krakatoa Resources -9% -6% -2% -6% 0.049 $16,890,785.93
AM7 Arcadia Minerals -9% -12% -38% -19% 0.145 $7,238,173.26
EFE Eastern Resources -11% 19% -58% 79% 0.025 $24,860,915.78
AZS Azure Minerals -11% 8% -46% -18% 0.205 $68,361,858.62
IPT Impact Minerals -13% 0% -52% -52% 0.007 $19,850,964.45
ALY Alchemy Resource Ltd -13% 0% 17% 2% 0.014 $13,343,036.80
BNR Bulletin Res Ltd -13% -5% -9% 84% 0.105 $33,647,976.50
KGD Kula Gold Limited -13% 22% -38% -44% 0.028 $6,024,917.70
RFR Rafaella Resources -13% -13% -70% -73% 0.026 $5,869,698.15
KOB Kobaresourceslimited -13% -28% 0% 0% 0.13 $9,100,000.00
SGQ St George Min Ltd -14% -9% -55% -56% 0.03 $21,700,552.05
CML Chase Mining Limited -14% 0% -14% -29% 0.012 $5,617,593.13
AVW Avira Resources Ltd -14% 0% -40% -40% 0.003 $6,356,370.00
AQD Ausquest Limited -15% -26% -11% -23% 0.017 $15,677,835.24
AOA Ausmon Resorces -17% -17% -17% 25% 0.005 $4,286,446.72
E25 Element 25 Ltd -18% 14% -60% -74% 0.52 $82,463,599.26
NWC New World Resources -18% -6% -50% -57% 0.031 $51,100,890.30
ASO Aston Minerals Ltd -23% 4% -50% -43% 0.083 $97,990,722.19
CLA Celsius Resource Ltd -24% -7% -58% -59% 0.013 $19,543,452.29
CNB Carnaby Resource Ltd -26% -4% -37% 172% 0.91 $139,501,262.71
RLC Reedy Lagoon Corp. -28% -32% -64% -19% 0.013 $7,803,976.77
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