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

Since the peak of battery metals hysteria in 2017, spodumene prices have since plummeted from +$US1000 ($1,476) a tonne to well under $US400 a tonne currently.

Other lithium prices also tanked, as did cobalt and graphite.

Many battery metals explorers (and even a couple of miners) fell by the wayside.

It wasn’t until  EV spearhead Tesla finally showed profitability in late 2019 that people began paying attention to the raw materials supply chain again.

Tesla currently looks unstoppable and bullish battery metals sentiment is re-emerging with a vengeance.

This time there’s a key difference, says Mark Thompson, managing director of emerging anode play Talga (ASX:TLG).

“This boom will be driven by real consumers and governments and the economics of the end product – electric vehicles — not speculation by investors on the raw material supply chain,” he says.

“You now have sales data showing a doubling to tripling of EV sales in almost every market.

“Everyone wants to get exposure to that supply chain again — to get invested in what no doubt will be a long term trend.”

That includes the miners. A number of recent high profile lithium deals in particular bode well for battery metals in 2021.

Producers Galaxy and Orocobre – which are completely exposed to low pricing – showed confidence in the near term outlook by raising $161m and $169m, respectively, to develop their growth projects.

IGO’s (ASX:IGO) agreement to buy a $1.4 billion stake in the big Greenbushes lithium mine and processing facility in WA from lithium giant Tianqi was a hit with investors.

The $3.6bn market cap stock is up 22 per cent over the past week.

On Monday, producer Pilbara Minerals (ASX:PLS) launched a $121m entitlement offer, part of a $240m equity raise to fund the acquisition of insolvent neighbour Altura Mining.

The offer price of 36c represented a small 7.7 per cent discount to Pilbara Minerals’ last traded price on 27 October, which was the signing date of the Implementation Deed.

But the stock has been on a tear since then, closing at 88c per share on Friday December 11.

Ausbil believes we are entering an extended resource ‘super cycle’ similar to the one which ended in 2011.

This time, battery metals play a big role, as powerhouses like Europe and China ramp up electric vehicle production post COVID-19.

The Ausbil Global Resources Fund currently holds lithium positions in Galaxy Resources (ASX:GXY)Orocobre (ASX:ORE) and Pilbara Minerals (ASX:PLS).

Anecdotally, lithium producers are suggesting rock bottom pricing has increased slightly in recent weeks and months, and demand from customers has stabilised and is increasing, said Ausbil resources portfolio manager James Stewart in November.

“With delays in new project construction, we could see a market reminiscent of 2017, where EV and battery makers scramble for product as the market tightens, driving commodity and equity markets higher,” he says.

“As such, we have positioned the Ausbil Global Resources Fund long in lithium, leading into expected price increases in Q4 CY2020 and Q1 CY2021.”

Here’s how a basket ASX stocks with exposure to lithium, cobalt, graphite, nickel, 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 % SHARE PRICE MARKET CAP
EMH European Metals 23 38 267 247 0.955 $ 91,219,515.66
IGO IGO 22 29 23 -1 6.15 $ 3,692,481,462.50
HNR Hannans 17 0 40 -22 0.007 $ 13,966,431.77
LIT Lithium Australia 16 31 36 33 0.072 $ 64,173,508.42
SYA Sayona Mining 13 29 29 -8 0.009 $ 27,538,413.27
VUL Vulcan Energy 12 38 478 1558 2.57 $ 206,195,140.22
LTR Liontown Resources 11 37 233 307 0.35 $ 658,514,044.82
PLS Pilbara Minerals 10 77 182 224 0.875 $ 1,949,541,791.75
NIC Nickel Mines 9 23 106 80 1.12 $ 2,722,775,834.25
VRC Volt Resources 9 20 -40 20 1.2 $ 25,953,937.21
RNU Renascor Resources 9 20 20 9 1.2 $ 19,768,550.54
ORE Orocobre 8 44 75 59 428 $ 1,414,019,015.16
VR8 Vanadium Resources 8 0 59 4 2.7 $ 11,228,323.14
MCR Mincor Resources 7 20 65 84 115 $ 483,184,741.76
CTM Centaurus Metals 7 26 124 267 66 $ 216,695,011.40
FGR First Graphene 7 63 69 75 24.5 $ 131,423,496.25
CXO Core Lithium 6 77 89 136 8.5 $ 83,523,746.96
AVZ AVZ Minerals 5 21 65 112 9.55 $ 286,349,850.80
EUR European Lithium 4 17 -6 -39 4.9 $ 35,600,452.94
G88 Golden Mile Resources 4 -9 49 21 5.2 $ 6,396,953.06
PSC Prospect Resources 4 32 71 7 14.5 $ 48,153,103.80
AVL Aust Vanadium 4 26 45 45 1.45 $ 43,868,785.34
MNS Magnis Energy Technologies 3 3 160 104 19 $ 134,342,311.62
TNG TNG 2 -14 76 -2 9 $ 112,737,110.81
INF Infinity Lithium 2 44 157 140 14.25 $ 48,097,941.04
POS Poseidon Nickel 1 -3 123 53 6.9 $ 174,418,320.85
LPD Lepidico 0 13 13 -46 0.9 $ 46,671,615.34
GED Golden Deeps 0 0 75 -42 1.4 $ 7,555,669.79
MLX Metals X 0 19 16 -5 10 $ 90,726,606.70
COB Cobalt Blue 0 10 0 -15 11 $ 29,186,621.64
BUX Buxton Resources 0 -8 -19 -18 6.5 $ 8,843,603.08
ATM Aneka Tambang 0 0 0 0 100 $ 1,303,649.00
QXR Qx Resources 0 -12 25 -17 1.5 $ 8,540,197.15
AJM Altura Mining 0 0 27 27 7 $ 209,037,029.25
CZN Corazon 0 0 3 3 0.3 $ 9,760,077.44
LML Lincoln Minerals 0 0 60 60 0.8 $ 4,599,869.49
INR Ioneer 0 20 121 39 26.5 $ 438,333,705.42
NMT Neometals 0 0 44 37 23 $ 122,704,034.85
BOA Boadicea Resources 0 7 43 54 24.5 $ 13,296,835.39
LEG Legend Mining 0 -9 -19 28 10.5 $ 281,214,750.71
BSX Blackstone 0 -5 143 181 36.5 $ 123,327,893.15
CLA Celsius Resources 0 26 267 214 4.4 $ 35,890,031.73
GXY Galaxy Resources 0 24 100 114 200 $ 1,002,107,600.00
TMT Technology Metals -1 -22 123 188 34.5 $ 51,544,999.45
BHP BHP Group -1 17 16 6 4176 $ 125,905,688,579.56
TLG Talga Group -2 -3 347 297 176.5 $ 468,195,291.31
PAN Panoramic Resources -2 -9 74 -48 13.25 $ 287,127,960.56
LPI Lithium Power International -2 11 76 6 25.5 $ 67,068,545.27
PLL Piedmont Lithium -2 -8 261 202 33.25 $ 478,244,031.48
ARL Ardea Resources -2 -12 47 -25 44 $ 53,621,644.44
PGM Platina Resources -2 -2 83 110 4.4 $ 17,375,719.20
AXE Archer Materials -3 1 -13 352 52 $ 115,945,321.19
BKT Black Rock Mining -3 34 75 86 8.6 $ 64,527,284.37
RXL Rox Resources -4 -11 100 138 5 $ 102,491,423.15
MRC Mineral Commodities -4 6 64 44 36 $ 173,314,796.98
SGQ St George Mining -4 -30 5 -8 11.5 $ 57,907,488.24
SRI Sipa Resources -4 0 16 -16 6.5 $ 11,558,777.62
AZS Azure Minerals -5 -17 842 600 73.5 $ 223,662,388.92
OZL OZ Minerals -5 24 80 64 1839.5 $ 6,201,811,680.48
SBR Sabre Resources -5 -21 280 217 0.95 $ 15,012,338.06
MOH Moho Resources -5 -23 31 98 9.3 $ 6,970,027.85
JRL Jindalee Resources -5 -3 150 181 77.5 $ 33,975,014.16
AQD Ausquest Limited -6 -6 42 31 1.7 $ 11,514,655.58
PNN PepinNini Minerals -6 -3 -10 -10 16 $ 5,288,723.20
ASN Anson Resources -6 0 -14 11 3.1 $ 27,823,348.54
AUZ Australian Mines -6 0 88 0 1.5 $ 63,383,261.60
BEM Blackearth Minerals -6 -6 22 -15 4.4 $ 6,467,822.77
GAL Galileo Mining -6 -6 16 42 22 $ 32,913,277.15
WKT Walkabout Resources -7 0 17 -35 14 $ 48,878,710.30
AOU Auroch Minerals -7 -26 155 89 14 $ 35,684,476.51
MIN Mineral Resources -7 17 58 89 3228 $ 6,546,219,259.71
TON Triton Minerals -7 13 4 31 5.1 $ 57,857,871.42
JRV Jervois Mining -8 18 122 97 35.5 $ 280,788,503.15
VMC Venus Metals -8 -8 38 19 22 $ 30,971,130.02
TKL Traka Resources -8 0 177 217 2.2 $ 11,142,231.50
SLZ Sultan Resources -8 -12 76 261 22 $ 17,035,925.31
CLQ Clean Teq -9 -17 35 22 25 $ 206,641,852.28
ESS Essential Metals -9 -19 -28 -34 7.9 $ 13,823,397.49
IPT Impact Minerals -10 -14 58 217 1.9 $ 35,577,804.52
CHN Chalice Mining -10 7 290 1789 359 $ 1,305,177,222.93
ALY Alchemy Resources -11 -15 9 34 1.7 $ 11,428,138.70
AGY Argosy Minerals -11 25 2 -19 6.6 $ 69,326,145.59
EGR Ecograf Limited -11 -3 143 120 16.5 $ 58,237,882.88
BSM Bass Metals -11 33 100 -33 0.4 $ 15,974,702.94
RFR Rafaella Resources -11 -20 -8 -23 7 $ 7,428,234.40
LKE Lake Resources -12 15 94 172 6.8 $ 56,381,875.06
DEV Devex Resources -12 2 110 197 22 $ 62,183,844.80
FFX Firefinch -13 -16 42 90 13.5 $ 109,467,015.14
GBR Great Boulder Resources -13 -6 99 17 4.6 $ 9,026,868.96
GME GME Resources -14 19 35 -2 5 $ 28,957,080.36
PRL Province Resources -14 -3 -35 94 1.2 $ 7,463,031.60
RLC Reedy Lagoon -14 9 140 200 1.2 $ 5,636,805.41
CWX Carawine Resources -15 -25 38 12 23.5 $ 27,222,475.50
STK Strickland Metals -15 -52 194 213 4.7 $ 23,163,333.66
AML Aeon Metals -15 -21 33 10 11 $ 81,308,367.24
QPM Queensland Pacific -16 0 113 88 3.2 $ 30,440,769.98
MAN Mandrake Resources -16 11 281 433 8 $ 26,795,373.98
ADV Ardiden -16 -38 300 433 1.6 $ 36,092,052.03
PUR Pursuit Minerals -16 50 222 276 2.1 $ 16,182,619.71
BAR Barra Resources -17 -34 47 14 2.5 $ 16,940,202.53
CNJ Conico -17 -30 329 233 3 $ 24,585,365.42
ESR Estrella Resources -18 -15 1039 1039 10.25 $ 101,691,776.11
GLN Galan Lithium -19 160 110 117 32.5 $ 71,727,146.34
S2R S2 Resources -26 -52 31 24 13 $ 42,510,309.17
ARR American Rare Earths -27 -36 285 305 7.7 $ 26,286,900.72
MLS Metals Australia -50 -50 0 -33 0.1 $ 8,381,807.15

 

Stockhead  updates our list of ASX battery metals stocks to be as accurate as possible for investors. If you spot companies that should be added (or removed) please let us know at: reuben@stockhead.com.au