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

 

Prices for battery metals like lithium, cobalt, graphite and nickel are recovering at a rapid rate.

In February, cobalt hydroxide and metal recorded largest-ever month on month gains of 38.3 per cent and 23.2 per cent respectively, Benchmark Mineral Intelligence reports.

Rare earths are booming.

Chinese lithium carbonate prices surged 68 per cent in the first two months of 2021. The price of spodumene — the main lithium bearing mineral mined from hard rock lithium mines, like those in WA – also continued to improve.

And tight supply saw prices for nickel sulphate increase by 6.3 per cent.

It’s good news, and the EV story is only getting started.

But stock volatility, investor mania, and FOMO – fear of missing out — are real.

Aussie EV and alternative energy stocks just went through a bubble that seems to have quickly run its course, judging by the heavy falls in the last two weeks, says Far East Capital’s Warwick Grigor.

“The speculative end of the market has been very volatile this year, initially with spectacular gains that have been almost unbelievable — except that seeing is believing,” he says.

For example, investor favourite Vulcan Energy (ASX:VUL) hit a January peak of $14.20 a share before falling to $5.70 — and yet it remains +2333 per cent over the past 12 months.

“These sectors will have additional runs as the year progresses, but you will have to get your timing right,” Grigor says.

In the US, green energy momentum has also exploded.

“Investors have taken notice and poured huge sums of capital into green ETFs,” natural resource investors Goehring and Rozencwajg say.

“Shares outstanding of the four most prominent clean energy ETFs are all up between three- and six-fold.

Stretched valuations leave investors vulnerable to any setback or delay in the green energy transition, they say.

“The ICLN ETF holdings currently trade at 70x earnings, 6x sales and 6.25x book value, suggesting dramatic growth is already priced in.

“What would happen if the energy transition proved more challenging than anticipated?”

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths and vanadium are performing>>>

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

CODE COMPANY 1 WEEK CHANGE % 1 MONTH CHANGE % 6 MONTH CHANGE % 1 YEAR CHANGE % PRICE MARKET CAP
PRL Province Resources 3 300 152 1194 0.08 $ 68,922,344.75
RNU Renascor Resources 20 97 508 711 0.073 $ 116,599,688.38
PUR Pursuit Minerals -2 88 329 820 0.06 $ 40,456,549.27
MAN Mandrake Resources 74 87 158 1007 0.155 $ 56,881,849.72
CWX Carawine Resources 10 77 77 58 0.38 $ 39,200,364.72
BEM Blackearth Minerals 4 52 255 275 0.135 $ 23,703,292.62
MLS Metals Australia 50 50 50 200 0.003 $ 8,381,807.15
IXR Ionic Rare Earths -2 50 440 671 0.054 $ 159,419,975.70
QPM Queensland Pacific -3 49 411 506 0.097 $ 84,898,229.33
RLC Reedy Lagoon -4 28 109 1050 0.023 $ 9,864,409.46
LYC Lynas Rare Earths 4 26 162 262 6.19 $ 5,451,525,402.95
COB Cobalt Blue -13 23 316 229 0.395 $ 98,156,254.57
EMH European Metals 17 22 224 484 1.46 $ 190,320,127.50
MLX Metals X -15 21 153 170 0.205 $ 167,844,222.40
LTR Liontown Resources 12 20 220 317 0.48 $ 843,584,558.57
IPT Impact Minerals 4 20 -8 200 0.024 $ 42,741,274.58
LEG Legend Mining 0 17 -18 61 0.135 $ 358,167,643.73
OZL OZ Minerals -3 16 52 138 21.8 $ 7,073,197,926.60
ARL Ardea Resources -7 15 -5 29 0.51 $ 61,281,879.36
MIN Mineral Resources 5 13 41 139 39.67 $ 7,270,433,663.55
BHP BHP Group 1 13 37 49 49.69 $ 142,078,412,732.62
LKE Lake Resources -12 13 963 795 0.34 $ 355,098,180.85
PLL Piedmont Lithium -12 12 741 605 0.74 $ 1,096,985,064.36
AXE Archer Materials -3 12 109 382 0.94 $ 203,342,891.40
VR8 Vanadium Resources 10 10 48 139 0.043 $ 15,345,374.96
G88 Golden Mile Resources 2 9 -7 2 0.05 $ 6,150,916.40
RXL Rox Resources 15 8 -35 50 0.039 $ 77,893,481.59
RFR Rafaella Resources 27 7 40 19 0.105 $ 12,278,934.82
NMT Neometals 3 6 100 111 0.36 $ 193,599,699.43
NIC Nickel Mines -6 5 84 176 1.32 $ 3,143,786,313.75
AVZ AVZ Minerals 11 5 225 191 0.195 $ 563,582,209.13
REE Rarex 13 4 100 294 0.13 $ 56,373,616.52
FFX Firefinch -13 3 3 170 0.2 $ 152,488,671.08
DEV Devex Resources 2 2 7 351 0.23 $ 60,770,575.60
EGR Ecograf -3 2 745 1083 0.71 $ 304,838,917.53
IGO IGO Limited -8 2 51 25 6.48 $ 4,816,223,290.68
CHN Chalice Mining -10 1 202 1554 4.14 $ 1,398,060,564.91
SYR Syrah Resources -9 0 191 199 1.12 $ 541,829,423.26
ARU Arafura Resource 5 0 201 210 0.22 $ 245,863,960.23
BSM Bass Metals 0 0 100 20 0.006 $ 24,130,054.41
ATM Aneka Tambang 0 0 0 0 1 $ 1,303,649.00
LML Lincoln Minerals 0 0 14 100 0.008 $ 4,599,869.49
HNR Hannans 0 0 14 33 0.008 $ 18,879,817.54
MOH Moho Resources -1 0 -28 -2 0.079 $ 8,141,554.51
WKT Walkabout Resources -3 0 -25 -21 0.15 $ 52,370,046.75
AQD Ausquest -17 0 -31 100 0.02 $ 15,784,748.98
INR Ioneer -12 -1 311 144 0.4 $ 640,641,569.46
TNG TNG Limited 4 -2 19 47 0.098 $ 113,079,482.12
PLS Pilbara Minerals -8 -3 203 321 0.96 $ 2,824,388,876.40
MRC Mineral Commodities -5 -4 43 55 0.38 $ 166,528,173.42
SGQ St George Mining -1 -4 -13 1 0.096 $ 46,325,990.59
BUX Buxton Resources -3 -4 -41 -3 0.068 $ 10,068,101.97
HWK Hawkstone Mining 0 -5 135 900 0.04 $ 60,251,198.60
JRV Jervois Mining -7 -5 53 107 0.475 $ 361,030,963.50
ASN Anson Resources 5 -5 330 187 0.086 $ 59,888,462.01
QXR Qx Resources 0 -6 13 21 0.017 $ 9,073,959.47
TMT Technology Metals -6 -6 68 272 0.32 $ 49,381,658.70
VRC Volt Resources 0 -6 -6 36 0.015 $ 35,704,921.52
SLZ Sultan Resources -3 -8 -16 172 0.185 $ 12,516,190.02
CZN Corazon -11 -8 -8 14 0.055 $ 10,761,869.63
MNS Magnis Energy Tech 3 -9 43 261 0.3 $ 255,686,286.37
POS Poseidon Nickel -13 -9 17 113 0.068 $ 188,230,795.08
TLG Talga Group -8 -10 115 228 1.31 $ 368,424,335.79
GBR Greatbould Resources -19 -10 -21 6 0.037 $ 8,932,839.09
ESR Estrella Resources -9 -10 373 788 0.071 $ 63,564,321.87
CLQ Clean Teq -10 -10 8 41 0.26 $ 225,915,071.79
EUR European Lithium -8 -10 33 -25 0.06 $ 53,700,398.40
MCR Mincor Resources -13 -11 11 56 0.96 $ 414,587,352.96
GME GME Resources 1 -12 64 50 0.069 $ 38,423,818.17
BKT Black Rock Mining -15 -12 106 216 0.13 $ 89,503,285.50
NTU Northern Minerals -2 -12 39 39 0.043 $ 198,495,061.61
BAR Barra Resources -5 -13 -13 17 0.021 $ 13,552,162.02
ORE Orocobre -10 -13 55 54 4.21 $ 1,462,185,113.00
AML Aeon Metals -20 -13 -33 -17 0.1 $ 67,756,972.70
ARR American Rare Earths -2 -13 153 562 0.086 $ 29,073,016.04
HAS Hastings Tech Metals 3 -13 56 97 0.195 $ 264,104,701.88
AOU Auroch Minerals -6 -13 192 309 0.225 $ 65,334,626.40
BSX Blackstone -16 -14 -8 252 0.44 $ 136,778,680.75
TON Triton Minerals -4 -14 -6 72 0.06 $ 57,857,871.42
FGR First Graphene -4 -14 100 66 0.24 $ 125,829,462.44
CTM Centaurus Metals -18 -15 52 342 0.73 $ 235,425,066.31
GLN Galan Lithium -9 -15 211 67 0.435 $ 104,428,212.36
BOA Boadicea Resources 5 -15 -5 38 0.23 $ 13,672,064.12
CLA Celsius Resources -10 -15 142 411 0.046 $ 36,088,941.32
VMC Venus Metals 3 -15 -18 0 0.2 $ 30,215,736.60
GXY Galaxy Resources -14 -15 72 151 2.25 $ 1,111,626,744.80
LPI Lithium Power International -8 -16 63 9 0.245 $ 68,934,197.69
SRI Sipa Resources -10 -16 -36 8 0.054 $ 9,602,676.79
AVL Aust Vanadium -9 -16 75 91 0.021 $ 58,603,176.28
AUZ Australian Mines -13 -16 31 75 0.021 $ 83,190,530.85
ADD Adavale Resource -16 -16 73 79 0.052 $ 15,133,231.88
LIT Lithium Australia -4 -17 127 136 0.125 $ 116,630,833.67
PSC Prospect Resources -21 -17 -12 11 0.15 $ 53,134,459.36
PAN Panoramic Resources -13 -19 57 -16 0.13 $ 276,873,390.54
PGM Platina Resources -9 -19 -9 115 0.043 $ 18,464,445.69
S2R S2 Resources -9 -19 -21 65 0.15 $ 47,233,676.85
TKL Traka Resources -15 -19 -19 243 0.017 $ 8,609,906.16
HXG Hexagon Energy -6 -20 53 142 0.092 $ 28,614,506.07
JRL Jindalee Resources -18 -22 277 342 1.52 $ 69,670,167.13
ALY Alchemy Resources -18 -22 -22 30 0.014 $ 8,739,164.89
GED Golden Deeps -17 -23 -29 -23 0.01 $ 7,748,514.40
LPD Lepidico -9 -25 200 93 0.021 $ 103,756,860.44
ARN Aldoro Resources -19 -25 112 34 0.195 $ 13,956,564.62
STK Strickland Metals -7 -26 -58 150 0.025 $ 10,528,788.03
CNJ Conico -4 -27 93 350 0.027 $ 22,466,126.57
INF Infinity Lithium -3 -27 114 243 0.16 $ 64,144,282.40
PNN PepinNini Minerals -16 -28 252 102 0.36 $ 14,976,334.44
ESS Essential Metals -9 -31 3 -23 0.1 $ 20,081,730.00
GAL Galileo Mining -32 -32 -26 47 0.25 $ 47,938,903.68
ADV Ardiden 0 -33 -38 300 0.016 $ 34,309,090.14
SYA Sayona Mining -13 -34 200 176 0.027 $ 100,969,536.12
AGY Argosy Minerals -5 -34 119 69 0.105 $ 125,027,170.40
CXO Core Lithium -9 -35 454 469 0.205 $ 233,542,226.20
VUL Vulcan Energy -9 -35 746 2333 5.84 $ 646,934,821.12
SBR Sabre Resources -36 -36 -55 350 0.0045 $ 7,573,786.42
AZS Azure Minerals 2 -36 97 235 0.315 $ 92,425,716.30

BATTERY METAL BOLTERS

MANDRAKE RESOURCES (ASX:MAN) +74%

“Is there a re-rate around the corner for this explorer?” asked expert stock picker Simon Popple early last week.

It sure looks like it.

Mandrake’s Jimperding project is near Chalice’s mammoth Julimar nickel-copper-PGE discovery which sparked a ~2,500 per cent gain in the Chalice share price.

Meanwhile nickel is booming, as are platinum group elements (PGEs) like palladium and rhodium.

Mandrake is looking for a Julimar of its own and will drill the ‘Newleyine’ prospect at Jimperding later this month.

 

METALS AUSTRALIA (ASX:MLS) +50%

Last week Metals Australia acquired the Nepean South nickel project near Coolgardie in WA.

The project is along strike from the historic Nepean nickel sulphide mine, 80 per cent owned by Auroch Minerals (ASX:AOU).

Metals Australia plans to undertake an airborne electromagnetic survey to be followed up by a drilling campaign.

 

RENASCOR RESOURCES (ASX:RNU) +20%

South Aussie-based graphite project developer Renascor is up 590 per cent in 2021.

The company says it is on track to be “the world’s first integrated, in-country mine and purified spherical graphite operation outside of China”.

Right now, China controls 71 per cent of worldwide natural graphite supply, 65 per cent of worldwide synthetic graphite supply, and 100 per cent of commercial spherical graphite supply.

Europe and the US are making concerted efforts to control their own supply chains, which means bringing new, non-Chinese supply – like Renascor’s — on stream.

 

EUROPEAN METALS (ASX:EMH) 17%

Cashed up lithium explorer EMH is fully funded to a final investment decision at its Cinovec project in the Czech Republic — the largest hard rock lithium deposit in Europe.

This ~$150m market cap stock has been a beneficiary of the battery metals resurgence, up 230 per cent over the past six months.

 

Stocks missing from our list? Email reuben@stockhead.com.au