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

Glencore’s Mutanda copper-cobalt mine – the world’s biggest cobalt producer — has closed a month early.

In August, the multi commodity giant said it was going to mothball Mutanda in the DRC “from the end of this year” due to low prices.

The suspension removes 20 per cent of global cobalt supply from the market. But despite a short-lived price rally in August, cobalt prices have continued to slide towards year-end.

The news isn’t all bad, says Benchmark Minerals Intelligence, which estimates battery makers will need 152,000t each year of cobalt by 2024 — up from just 75,000t in 2019.

“Whilst the market is currently in oversupply, Benchmark Minerals expects the supply of cobalt raw materials, particularly cobalt hydroxide, to tighten in 2020 and stockpiles that have accumulated over the last 18 months begin to reduce,” it says.

“The closure of Mutanda has been a key factor in bringing the market deficit forward, which could see sustained price rises from H2 2020 as demand from the electric vehicle and energy storage markets continues to grow.”

NOW READ: Benchmark forecasts stronger cobalt prices going into 2020

SMALL CAP SPOTLIGHT

Of the companies on our list, 62 lost ground, 44 were ahead and 43 were steady this week.

Polymetallic explorer Mt Burgess Mining (ASX:MTB) led the rankings, up 100 per cent on no news.

The company says vanadium increasingly represents a huge value-add at its flagship Kihabe-Nxuu zinc, lead, silver, germanium and vanadium project in Botswana.

WA-based Conico (ASX:CNJ) — also up on no news — is focused on the Mt Thirsty nickel-cobalt project, a 50:50 joint venture with fellow  explorer Barra Resources (ASX:BAR).

The company says a pre-feasibility study (PFS) is planned for publication in the first quarter next year “to align with anticipated rising cobalt and nickel prices”.

Discussions are ongoing with potential development partners who all identify the PFS as an investment catalyst, the company told shareholders in November.

There’s nothing to see when it comes to big mover Boadicea Resources (ASX:BOA) — except that neighbouring Fraser Range nickel sulphide explorer Legend Mining (ASX:LEG) is in a trading halt “pending the release of exploration results on the company’s Rockford project”.

The grapevine says Legend may have found something big. We’ll know for sure very soon.

NOW READ: Barry FitzGerald — Legend, Mark Creasy and the Fraser Range make it a nickel stock to watch

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:

Code Name Price Dec 3 [intraday] 1 Week Total Return % 1 Year Total Return % Market Cap
MTB MOUNT BURGESS MINING 0.004 100 -20 $ 1,596,388.13
CNJ CONICO 0.013 63 -40 $ 4,997,177.00
MRR MINREX RESOURCES 0.014 27 -30 $ 1,054,655.00
BOA BOADICEA RESOURCES 0.265 26 104 $ 12,787,022.00
AEE AURA ENERGY 0.005 25 -74 $ 6,619,703.00
ARE ARGONAUT RESOURCES 0.005 25 -81 $ 7,891,903.00
BPL BROKEN HILL PROSPECTING 0.03 23 -23 $ 3,487,751.50
THR THOR MINING 0.006 20 -77 $ 5,609,881.00
SRN SUREFIRE RESOURCES 0.003 20 -57 $ 1,884,460.88
AZI ALTA ZINC 0.007 17 54 $ 13,032,892.00
HWK HAWKSTONE MINING 0.007 17 -68 $ 5,707,226.00
MLL MALI LITHIUM 0.076 12 -61 $ 24,118,456.00
BEM BLACKEARTH MINERALS 0.052 11 -42 $ 5,910,087.00
KTA KRAKATOA RESOURCES 0.04 11 56 $ 6,930,000.00
KAI KAIROS MINERALS 0.011 10 -56 $ 10,828,402.00
LIT LITHIUM AUSTRALIA 0.035 9 -64 $ 18,165,242.00
PSC PROSPECT RESOURCES 0.13 8 -50 $ 30,673,728.00
JRV JERVOIS MINING 0.19 8 3 $ 121,910,208.00
MLM METALLICA MINERALS 0.014 8 -58 $ 4,536,663.50
BYH BRYAH RESOURCES 0.045 7 -54 $ 4,467,696.50
FEL FE 0.015 7 7 $ 6,353,121.00
JRL JINDALEE RESOURCES 0.31 7 26 $ 9,816,035.00
BSM BASS METALS 0.008 7 -53 $ 19,669,122.00
SRK STRIKE RESOURCES 0.048 7 -13 $ 8,356,713.50
CHN CHALICE GOLD MINES 0.17 6 32 $ 46,591,584.00
LI3 LITHIUM CONSOLIDATED 0.039 6 -52 $ 3,884,587.50
GLN GALAN LITHIUM 0.16 6 -32 $ 22,624,226.00
LTR LIONTOWN RESOURCES 0.085 6 247 $ 158,811,616.00
MZZ MATADOR MINING 0.265 6 0 $ 25,221,746.00
INR IONEER 0.2 5 -11 $ 335,726,656.00
BSX BLACKSTONE MINERALS 0.13 4 -11 $ 23,007,776.00
IDA INDIANA RESOURCES 0.026 4 -47 $ 4,587,367.50
AXE ARCHER MATERIALS 0.135 4 78 $ 25,621,932.00
RML RESOLUTION MINERALS 0.053 4 -27 $ 4,023,297.75
MIN MINERAL RESOURCES 15.16 4 4 $ 2,925,560,576.00
COB COBALT BLUE 0.14 4 -34 $ 20,986,352.00
FGR FIRST GRAPHENE 0.15 3 -19 $ 67,647,608.00
GPX GRAPHEX MINING 0.165 3 -16 $ 18,172,388.00
VMC VENUS METALS 0.185 3 41 $ 23,629,386.00
AVZ AVZ MINERALS 0.045 2 -44 $ 99,078,384.00
ORE OROCOBRE 2.42 2 -42 $ 659,428,736.00
INF INFINITY LITHIUM 0.064 2 -25 $ 13,753,979.00
BUX BUXTON RESOURCES 0.071 1 -49 $ 9,659,936.00
TLG TALGA RESOURCES 0.46 1 0 $ 103,294,264.00
TKL TRAKA RESOURCES 0.008 0 -65 $ 3,203,703.75
MCT METALICITY 0.004 0 -80 $ 2,892,839.75
RLC REEDY LAGOON 0.003 0 -63 $ 1,206,815.13
PGM PLATINA RESOURCES 0.02 0 -67 $ 6,525,520.50
SUH SOUTHERN HEMISPHERE MINING 0.027 0 -33 $ 2,485,875.75
SYA SAYONA MINING 0.01 0 -55 $ 18,376,386.00
LRS LATIN RESOURCES 0.01 0 -89 $ 1,556,991.25
OMH OM HOLDINGS 0.5 0 -63 $ 369,311,680.00
BDI BLINA MINERALS 0.001 0 0 $ 5,454,882.50
JMS JUPITER MINES 0.2475 0 9 $ 489,747,744.00
DTM DART MINING 0.1 0 -29 $ 5,351,880.50
CZR COZIRON RESOURCES 0.008 0 -33 $ 16,664,410.00
VML VITAL METALS 0.013 0 86 $ 27,853,946.00
AMD ARROW MINERALS 0.007 0 -50 $ 5,863,992.00
AJM ALTURA MINING 0.059 0 -71 $ 148,682,880.00
BKT BLACK ROCK MINING 0.051 0 24 $ 32,076,130.00
TAR TARUGA MINERALS 0.015 0 -71 $ 2,597,475.75
POW PROTEAN ENERGY 0.005 0 -76 $ 1,557,186.25
NZC NZURI COPPER 0.3 0 11 $ 88,771,648.00
AUZ AUSTRALIAN MINES 0.016 0 -59 $ 51,671,136.00
HIP HIPO RESOURCES 0.017 0 42 $ 6,570,678.00
PUR PURSUIT MINERALS 0.008 0 -73 $ 2,311,538.50
PSM PENINSULA MINES 0.002 0 -60 $ 2,033,744.13
PNN PEPINNINI LITHIUM 0.002 0 -65 $ 2,514,255.00
CFE CAPE LAMBERT RESOURCES 0.004 0 -78 $ 4,417,896.00
ADV ARDIDEN 0.0035 0 -50 $ 5,071,560.50
PIO PIONEER RESOURCES 0.013 0 -19 $ 19,613,864.00
MLS METALS AUSTRALIA 0.001 0 -67 $ 4,811,029.00
LKE LAKE RESOURCES 0.028 0 -74 $ 15,885,963.00
RNU RENASCOR RESOURCES 0.013 0 -24 $ 16,231,941.00
WKT WALKABOUT RESOURCES 0.29 0 215 $ 94,740,384.00
GED GOLDEN DEEPS 0.024 0 -41 $ 7,220,822.50
RIE RIEDEL RESOURCES 0.013 0 -13 $ 5,434,906.00
LPD LEPIDICO 0.016 0 1 $ 66,055,028.00
GBE GLOBE METALS AND MINING 0.017 0 -6 $ 7,920,680.50
AVL AUSTRALIAN VANADIUM 0.01 0 -71 $ 25,528,020.00
KOR KORAB RESOURCES 0.015 0 -44 $ 4,757,992.00
CLA CELSIUS RESOURCES 0.014 0 -75 $ 9,843,835.00
MQR MARQUEE RESOURCES 0.066 0 -14 $ 4,198,266.50
CRL COMET RESOURCES 0.022 0 -27 $ 6,512,000.00
HNR HANNANS 0.009 0 -18 $ 17,891,590.00
RMX RED MOUNTAIN MINING 0.007 0 0 $ 5,082,220.50
CUL CULLEN RESOURCES 0.013 0 -41 $ 2,463,042.75
HXG HEXAGON ENERGY MATERIALS 0.07 -1 -52 $ 20,470,338.00
ZNC ZENITH MINERALS 0.054 -2 -24 $ 13,141,442.00
SO4 SALT LAKE POTASH 0.775 -2 76 $ 200,259,824.00
MEI METEORIC RESOURCES 0.051 -2 240 $ 57,205,672.00
SEI SPECIALITY METALS INTERNATIONAL 0.05 -2 318 $ 50,119,212.00
DGR DGR GLOBAL 0.083 -2 -41 $ 52,120,460.00
DEV DEVEX RESOURCES 0.078 -2 58 $ 15,229,046.00
TNG TNG 0.097 -3 -7 $ 107,956,328.00
GXY GALAXY RESOURCES 0.895 -3 -66 $ 378,768,384.00
HAV HAVILAH RESOURCES 0.092 -3 -50 $ 22,915,526.00
ARL ARDEA RESOURCES 0.605 -3 26 $ 84,456,312.00
KNL KIBARAN RESOURCES 0.088 -3 -29 $ 29,180,028.00
EUR EUROPEAN LITHIUM 0.08 -4 -32 $ 51,008,800.00
TMT TECHNOLOGY METALS AUSTRALIA 0.135 -4 -67 $ 11,819,813.00
LPI LITHIUM POWER INTERNATIONAL 0.245 -4 -8 $ 66,941,044.00
POS POSEIDON NICKEL 0.047 -4 14 $ 129,492,392.00
EMH EUROPEAN METALS 0.335 -4 3 $ 46,750,756.00
CAZ CAZALY RESOURCES 0.023 -4 147 $ 7,960,605.00
BAR BARRA RESOURCES 0.021 -5 -38 $ 14,912,894.00
PLL PIEDMONT LITHIUM 0.11 -5 -16 $ 85,614,936.00
MNS MAGNIS ENERGY TECHNOLOGIES 0.1 -5 -68 $ 65,421,728.00
NMT NEOMETALS 0.19 -5 -9 $ 108,887,640.00
PAN PANORAMIC RESOURCES 0.365 -5 7 $ 245,338,384.00
GME GME RESOURCES 0.055 -5 -27 $ 27,843,360.00
TON TRITON MINERALS 0.036 -5 -12 $ 33,376,974.00
CXO CORE LITHIUM 0.035 -5 -40 $ 28,453,124.00
E25 ELEMENT 25 0.18 -6 -17 $ 16,565,809.00
NWC NEW WORLD COBALT 0.016 -6 -33 $ 13,097,812.00
NXE NEW ENERGY MINERALS 0.015 -6 -70 $ 2,446,327.00
PLS PILBARA MINERALS 0.285 -6 -65 $ 667,111,296.00
ASN ANSON RESOURCES 0.028 -7 -64 $ 17,398,892.00
4CE FORCE COMMODITIES 0.014 -7 -30 $ 7,807,166.50
KSN KINGSTON RESOURCES 0.13 -7 -26 $ 26,488,848.00
AGY ARGOSY MINERALS 0.084 -7 -52 $ 83,435,176.00
LCD LATITUDE CONSOLIDATED 0.013 -7 -28 $ 3,577,327.00
VRC VOLT RESOURCES 0.012 -8 -42 $ 19,615,080.00
CHK COHIBA MINERALS 0.012 -8 -37 $ 8,639,985.00
CLQ CLEAN TEQ 0.22 -8 -47 $ 171,685,840.00
VR8 VANADIUM RESOURCES 0.032 -9 -71 $ 12,351,155.00
HRZ HORIZON MINERALS 0.096 -9 -36 $ 41,513,596.00
WCN WHITE CLIFF MINERALS 0.005 -9 -44 $ 2,351,749.50
SVM SOVEREIGN METALS 0.095 -10 28 $ 35,939,868.00
PM1 PURE MINERALS 0.017 -11 21 $ 8,481,752.00
SYR SYRAH RESOURCES 0.37 -11 -78 $ 144,722,576.00
AML AEON METALS 0.098 -13 -62 $ 70,777,320.00
EUC EUROPEAN COBALT 0.02 -13 -52 $ 16,757,341.00
NVA NOVA MINERALS 0.032 -14 48 $ 30,757,126.00
IEC INTRA ENERGY 0.006 -14 -45 $ 2,326,344.25
DHR DARK HORSE RESOURCES 0.003 -14 -40 $ 8,047,117.00
BAT BATTERY MINERALS 0.006 -14 -75 $ 7,908,549.50
SVD SCANDIVANADIUM 0.007 -14 -71 $ 2,111,196.50
LML LINCOLN MINERALS 0.005 -17 -17 $ 3,449,902.00
MZN MARINDI METALS 0.054 -17 -83 $ 4,476,912.00
GNM GREAT NORTHERN MINERALS 0.009 -18 -78 $ 2,837,825.75
MTH MITHRIL RESOURCES 0.008 -20 33 $ 4,903,892.00
WML WOOMERA MINING 0.016 -20 -76 $ 2,148,671.50
CZN CORAZON MINING 0.002 -20 -60 $ 4,076,721.25
SI6 SIX SIGMA METALS 0.003 -25 -40 $ 2,580,012.50
SBR SABRE RESOURCES 0.003 -25 -57 $ 2,531,151.00
AYR ALLOY RESOURCES 0.002 -25 -63 $ 3,133,016.00
MTC METALSTECH 0.046 -25 29 $ 6,198,556.00
ANW AUS TIN MINING 0.0015 -40 -92 $ 5,090,103.50