Tesla is on track for another record quarter, which should shush the naysayers for a minute or two.

A tie-up between VW and Ford – to work together on EVs and automation — looks close to being finalised and could be announced as early as July.

And Honda claims it already has over 31,000 reservations for the unreleased ‘e’ model; all from Europe.

Adorable.

Demand for EVs is strong, and yet automakers can’t get their hands on enough batteries.

Which is why VW and BMW Group were amongst a group of investors keen to finance  Europe’s first battery gigafactories in Sweden and Germany. VW alone will spend $1.47 billion on the Northvolt venture.

Lithium-ion’s supply chain issues, characteristic of fast growing industries, are far from being resolved. These ‘bottlenecks’ go all the way back to the lithium chemical production stage.

This is a very basic overview of the lithium-ion battery supply chain.

On Monday, producer Pilbara Minerals (ASX:PLS) told investors that spodumene concentrate sales would be “constrained” in June and July.

Underlying demand for battery-ready lithium chemicals remained strong, it says. The issue is delays in the construction, commissioning and build-out of chemical conversion capacity (producing lithium carbonate and lithium hydroxide) in China.

  • Scroll down for the recent performance of 200 ASX battery metal stocks >>>

Pilbara Minerals’ managing director Ken Brinsden said it was no secret that the spodumene supply market was experiencing “short-term challenges” as the big Chinese players slowly ramped up chemical conversion capacity to meet demand.

“We remain confident that the underlying fundamentals of the lithium market remain strong – as evidenced by the growing number of agreements being made by major car manufacturers further down the supply chain in both Chinese and global markets, to shore up lithium supply to meet their long-term EV production and energy storage market targets,” Brinsden says.

“Our strategy remains unchanged, and we will continue to work to expand the project as planned and diversify our supply chain to become a fully integrated participant in the lithium raw material and chemical supply chain.”

SMALL CAP SPOTLIGHT

Of the companies on our list, 81 lost ground, 60 were ahead and 50 were steady this week.

The lithium triangle strikes again

Marquee Resources (ASX:MQR) may have snagged itself a stake in an Argentinean lithium brine project – news which sent the stock up a whopping 221 per cent.

We shouldn’t be surprised though.

Every company that picks up ground in the lithium triangle – which accounts for half the world’s supply — seems to do well.

Just look at Lake Resources (ASX: LKE), BMG Resources (ASX:BMG) and Galan Lithium (ASX: GLN).

BMG’s share price, for example, has now run up 160 per cent since the start of February – and it’s all because of lithium in Chile.

For Marquee, the deal would see it get a 30 per cent project stake, with the other 70 per cent held by fellow ASX-lister Lithium Power International (ASX:LPI).

The project leases cover an area of 68 sq km in the Centenario Lithium Brine Salar, right in the centre of the lithium triangle – the place where small cap dreams are made.

 

Another week, another Celsius share price increase (for no reason)

Something is seriously going on over at cashed up shell company Celsius Resources (ASX:CLA), which was up another 49 per cent last week to 6.6c per share — the highest point since January this year.

As we’ve noted previously, Celsius essentially became a shell after it all but stopped evaluation work on its Opuwo cobalt project in Namibia due to the languishing cobalt price.

BUT, as per the company’s latest response to the ASX in May:

“The Company …  is evaluating additional opportunities since slowing work on the Opuwo cobalt project and will update the market in due course should any of these opportunities be advanced.”

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 Share Price [Jun 17 intraday] 1 Week Total Return % 1 Year Total Return % Market Cap
MQR MARQUEE RESOURCES 0.093 221 -61 $2,569,658.09
HGM HIGH GRADE METALS 0.004 50 -88 $1,564,900.24
CLA CELSIUS RESOURCES 0.044 49 -67 $30,347,785.10
PSM PENINSULA MINES 0.003 33 -60 $2,744,298.32
ENT ENTERPRISE METALS 0.006 29 -50 $1,941,633.43
SO4 SALT LAKE POTASH 0.549 25 39 $102,996,875.58
TKM TREK METALS 0.003 25 -75 $863,207.20
BSX BLACKSTONE MINERALS 0.066 25 -52 $7,768,800.89
INF INFINITY LITHIUM 0.062 23 7 $9,855,617.39
POW PROTEAN ENERGY 0.008 22 -69 $1,721,625.08
JRL JINDALEE RESOURCES 0.292 21 31 $8,463,485.97
SVM SOVEREIGN METALS 0.082 21 24 $28,549,681.52
VRC VOLT RESOURCES 0.016 21 0 $22,126,178.83
MTH MITHRIL RESOURCES 0.004 20 -54 $1,459,354.65
GED GOLDEN DEEPS 0.021 20 -21 $2,960,602.91
FGR FIRST GRAPHENE 0.213 17 100 $81,871,519.02
PM1 PURE MINERALS 0.014 17 31 $5,045,170.55
NVA NOVA MINERALS 0.014 17 -38 $11,233,460.30
GWR GWR GROUP 0.097 17 -13 $24,525,275.50
BKT BLACK ROCK MINING 0.072 17 139 $44,507,718.09
TNO TANDO RESOURCES 0.050 16 -62 $11,036,671.80
MLM METALLICA MINERALS 0.010 15 -66 $3,582,668.04
MZZ MATADOR MINING 0.182 15 -2 $11,128,554.75
EUC EUROPEAN COBALT 0.016 15 -63 $11,052,989.76
KTA KRAKATOA RESOURCES 0.016 15 -34 $1,867,427.46
RIE RIEDEL RESOURCES 0.006 14 -88 $2,311,089.18
ARU ARAFURA RESOURCES 0.082 14 32 $78,292,680.84
INR IONEER 0.110 14 -62 $163,074,172.16
MTC METALSTECH 0.012 13 -87 $1,212,226.97
ZNC ZENITH MINERALS 0.052 12 -58 $10,144,285.39
SI6 SIX SIGMA METALS 0.004 11 -62 $1,580,673.35
SVD SCANDIVANADIUM 0.007 11 -61 $2,431,394.70
TAR TARUGA MINERALS 0.021 11 -84 $2,731,303.72
ADN ANDROMEDA METALS 0.008 10 57 $9,366,499.27
VML VITAL METALS 0.008 10 10 $12,041,443.13
LTR LIONTOWN RESOURCES 0.079 10 286 $116,514,604.24
TNG TNG 0.079 10 -12 $83,219,499.67
MRR MINREX RESOURCES 0.008 9 -77 $795,018.11
ARE ARGONAUT RESOURCES 0.005 8 -69 $6,444,462.10
CNB CARNABY RESOURCES 0.096 8 22 $9,285,427.00
BEM BLACKEARTH MINERALS 0.048 8 -30 $4,045,640.11
RDS REDSTONE RESOURCES 0.010 8 -19 $4,585,130.74
RIO RIO TINTO 72.316 7 38 $102,959,209,647.84
MIN MINERAL RESOURCES 10.339 6 -8 $1,905,449,727.40
THR THOR MINING 0.012 6 -53 $10,161,340.65
FEL FE 0.013 6 -30 $5,684,600.51
LPI LITHIUM POWER INTERNATIONAL 0.206 5 0 $54,419,128.89
OMH OM HOLDINGS 0.594 4 -19 $451,694,019.85
VMC VENUS METALS 0.089 4 0 $7,372,870.33
CLQ CLEAN TEQ 0.206 3 -74 $165,057,275.78
EME ENERGY METALS 0.106 3 -23 $23,182,586.52
CRL COMET RESOURCES 0.022 3 -20 $5,306,879.88
PLL PIEDMONT LITHIUM 0.113 3 -18 $74,117,249.86
EMH EUROPEAN METALS 0.240 3 -3 $37,998,666.84
PLS PILBARA MINERALS 0.484 3 -21 $869,945,409.40
EUR EUROPEAN LITHIUM 0.064 2 -51 $36,700,990.98
S32 SOUTH32 2.272 2 -11 $11,169,917,239.42
BDC BARDOC GOLD 0.038 2 -41 $47,452,931.39
ASN ANSON RESOURCES 0.041 2 43 $21,340,138.71
NZC NZURI COPPER 0.233 1 36 $68,497,678.66
ESR ESTRELLA RESOURCES 0.008 0 -40 $4,031,443.17
A4N ALPHA HPA 0.089 0 37 $50,942,591.88
KAI KAIROS MINERALS 0.010 0 -58 $8,833,808.07
CDT CASTLE MINERALS 0.003 0 -74 $773,215.08
KLH KALIA 0.001 0 -83 $1,737,414.08
AZI ALTA ZINC 0.002 0 -59 $3,776,247.89
CFE CAPE LAMBERT RESOURCES 0.007 0 -66 $7,047,700.94
BSM BASS METALS 0.006 0 -73 $17,474,610.17
ADV ARDIDEN 0.002 0 -80 $3,485,501.01
PIO PIONEER RESOURCES 0.008 0 -45 $11,457,938.55
MLS METALS AUSTRALIA 0.001 0 -60 $3,034,040.31
CMC CHINA MAGNESIUM 0.014 0 11 $6,390,900.62
OAR OAKDALE RESOURCES 0.011 0 -24 $2,303,576.80
AYR ALLOY RESOURCES 0.001 0 -67 $2,340,109.63
KDR KIDMAN RESOURCES 1.294 0 -6 $528,661,335.08
GPP GREENPOWER ENERGY 0.001 0 -60 $2,014,134.18
RNU RENASCOR RESOURCES 0.014 0 -19 $16,737,340.82
DHR DARK HORSE RESOURCES 0.003 0 -80 $5,461,903.31
CXO CORE LITHIUM 0.029 0 -9 $19,674,933.78
AEE AURA ENERGY 0.008 0 -48 $9,302,798.05
AUT AUTECO MINERALS 0.003 0 25 $3,463,515.46
SYA SAYONA MINING 0.008 0 -74 $11,902,988.84
HMX HAMMER METALS 0.017 0 -7 $6,309,905.75
DGR DGR GLOBAL 0.076 0 16 $44,489,409.35
BGS BIRIMIAN 0.096 0 -72 $24,674,824.48
HXG HEXAGON RESOURCES 0.076 0 -44 $21,170,343.43
ORN ORION MINERALS 0.019 0 -35 $37,376,404.77
AMD ARROW MINERALS 0.007 0 -50 $2,173,475.50
WCN WHITE CLIFF MINERALS 0.003 0 -92 $1,787,564.62
BDI BLINA MINERALS 0.001 0 0 $3,139,822.74
MEI METEORIC RESOURCES 0.016 0 -26 $14,128,929.20
LML LINCOLN MINERALS 0.004 0 -74 $2,383,882.23
LCD LATITUDE CONSOLIDATED 0.010 0 -64 $2,471,932.90
TKL TRAKA RESOURCES 0.009 0 -68 $3,327,868.71
AUR AURIS MINERALS 0.013 0 -74 $5,083,178.31
HIG HIGHLANDS PACIFIC 0.074 0 -19
MZN MARINDI METALS 0.002 0 -77 $4,420,404.99
GBE GLOBE METALS AND MINING 0.011 0 14 $5,151,237.66
CGM COUGAR METALS 0.001 0 -80 $813,019.01
CGN CRATER GOLD MINING B103:B105 0.008 0 -25 $10,178,395.23
CZN CORAZON MINING 0.002 0 -70 $2,862,167.54
SRN SUREFIRE RESOURCES 0.003 0 -71 $1,390,716.59
JRV JERVOIS MINING 0.165 0 -21 $36,254,560.76
CNJ CONICO 0.008 0 -73 $2,430,649.45
GPX GRAPHEX MINING 0.172 0 -4 $15,531,626.01
KOR KORAB RESOURCES 0.020 0 -3 $5,806,036.85
POS POSEIDON NICKEL 0.025 0 0 $69,392,064.82
FCC FIRST COBALT 0.107 0 -74 $39,869,800.82
BAT BATTERY MINERALS 0.013 0 -46 $15,483,620.85
ORE OROCOBRE 2.176 0 -38 $580,430,744.37
GXY GALAXY RESOURCES 1.002 -1 -55 $417,211,948.68
CZI CASSINI RESOURCES 0.065 -1 42 $26,701,731.97
JMS JUPITER MINES 0.233 -1 21 $460,245,349.20
GME GME RESOURCES 0.042 -2 -54 $20,768,352.81
TON TRITON MINERALS 0.039 -2 -20 $34,595,223.80
SYR SYRAH RESOURCES 0.714 -2 -63 $255,888,129.23
BAU BAUXITE RESOURCES 0.033 -2 -16 $6,963,794.20
AXE ARCHER EXPLORATION 0.062 -2 -14 $12,343,809.52
TMT TECHNOLOGY METALS AUSTRALIA 0.155 -2 -51 $12,402,485.09
NMT NEOMETALS 0.151 -2 -30 $80,815,532.84
DEG DE GREY MINING 0.060 -2 -55 $27,182,775.76
N27 NORTHERN COBALT 0.028 -2 -84 $1,779,566.64
AGY ARGOSY MINERALS 0.054 -2 -66 $55,380,658.13
HAV HAVILAH RESOURCES 0.096 -3 -33 $20,359,362.35
LPD LEPIDICO 0.019 -4 -26 $67,151,588.58
SRK STRIKE RESOURCES 0.033 -4 -14 $4,820,446.99
CHN CHALICE GOLD MINES 0.082 -4 14 $21,182,836.71
ERX EXORE RESOURCES 0.049 -4 58 $23,161,664.42
PGM PLATINA RESOURCES 0.032 -4 -43 $8,578,027.51
BPL BROKEN HILL PROSPECTING 0.014 -5 -81 $2,145,936.04
BAR BARRA RESOURCES 0.014 -5 -56 $8,192,216.66
AJM ALTURA MINING 0.072 -5 -70 $154,212,921.03
GLN GALAN LITHIUM 0.137 -5 11 $18,320,846.06
DEV DEVEX RESOURCES 0.039 -5 -21 $5,056,586.90
VMS VENTURE MINERALS 0.013 -5 -26 $8,101,422.02
MNS MAGNIS ENERGY TECHNOLOGIES 0.130 -5 -50 $78,124,568.83
VXR VENTUREX RESOURCES 0.120 -5 -3 $34,809,314.95
WKT WALKABOUT RESOURCES 0.240 -5 159 $75,359,728.64
E25 ELEMENT 25 0.120 -5 -30 $11,404,177.37
TLG TALGA RESOURCES 0.357 -5 -24 $80,870,978.68
PUR PURSUIT MINERALS 0.011 -6 -82 $1,973,798.10
MXR MAXIMUS RESOURCES 0.044 -6 -44 $1,563,724.85
PAN PANORAMIC RESOURCES 0.209 -6 -52 $120,895,223.52
PSCDA PROSPECT RESOURCES 0.104 -6 -64 $21,207,980.82
COB COBALT BLUE 0.100 -6 -86 $14,501,568.91
KSN KINGSTON RESOURCES 0.010 -7 -36 $16,246,388.10
ARL ARDEA RESOURCES 0.268 -7 -58 $28,971,863.16
IEC INTRA ENERGY CORP 0.009 -7 8 $3,482,924.96
RTR RUMBLE RESOURCES 0.034 -7 -23 $14,661,988.70
SGQ ST GEORGE MINING 0.082 -8 -14 $25,749,788.28
AUZ AUSTRALIAN MINES 0.017 -8 -75 $53,265,849.91
BUX BUXTON RESOURCES 0.079 -8 -23 $10,811,644.89
SUH SOUTHERN HEMISPHERE MINING 0.022 -9 -46 $2,139,634.12
LI3 LITHIUM CONSOLIDATED 0.044 -9 -29 $4,016,517.57
IRC INTERMIN RESOURCES 0.072 -9 -40 $17,891,877.42
ANW AUS TIN MINING 0.007 -9 -33 $15,031,766.29
HWK HAWKSTONE MINING 0.014 -9 18 $9,540,194.55
4CE FORCE COMMODITIES 0.007 -9 -83 $3,522,339.60
CZR COZIRON RESOURCES 0.007 -9 -44 $12,338,158.52
SEI SPECIALITY METALS 0.019 -10 35 $12,787,043.17
IDA INDIANA RESOURCES 0.019 -10 -58 $2,050,788.80
CHK COHIBA MINERALS 0.006 -10 13 $4,133,235.76
SCI SILVER CITY MINERALS 0.006 -10 -77 $1,826,584.00
KNL KIBARAN RESOURCES 0.089 -10 -19 $27,297,147.31
AML AEON METALS 0.141 -11 -41 $97,669,144.08
RMX RED MOUNTAIN MINING 0.003 -11 -50 $2,150,493.53
BOA BOADICEA RESOURCES 0.103 -12 76 $6,207,722.05
AVL AUSTRALIAN VANADIUM 0.010 -12 -67 $21,822,816.02
BYH BRYAH RESOURCES 0.046 -12 -42 $3,217,784.47
ARM AURORA MINERALS 0.009 -13 -38 $1,133,147.38
NXE NEW ENERGY MINERALS 0.013 -14 -90 $2,189,643.69
NWC NEW WORLD COBALT 0.008 -14 -82 $6,402,451.38
PMY PACIFICO MINERALS 0.004 -14 -45 $11,188,486.56
DTM DART MINING 0.004 -14 -25 $4,193,165.49
AOU AUROCH MINERALS 0.042 -14 -24 $4,166,876.75
WML WOOMERA MINING 0.019 -15 -76 $2,180,605.24
LKE LAKE RESOURCES 0.050 -16 -30 $21,967,080.23
PNN PEPINNINI LITHIUM 0.002 -17 -87 $2,566,398.30
HNR HANNANS 0.007 -17 -38 $13,736,765.98
AVZ AVZ MINERALS 0.041 -18 -34 $88,505,428.44
OAU ORA GOLD 0.006 -18 -53 $4,018,070.24
CUL CULLEN RESOURCES 0.006 -18 -71 $1,053,901.78
CAZ CAZALY RESOURCES 0.017 -19 -52 $5,171,731.69
SBR SABRE RESOURCES 0.003 -20 -69 $1,124,874.99
MCT METALICITY 0.006 -20 -68 $3,451,807.50
RLC REEDY LAGOON 0.003 -20 -64 $1,111,879.01
TRT TODD RIVER RESOURCES 0.028 -20 -57 $4,709,283.06
LIT LITHIUM AUSTRALIA 0.043 -21 -45 $21,606,379.62
OKR OKAPI RESOURCES 0.069 -23 -71 $2,610,401.18
MTB MOUNT BURGESS MINING 0.002 -25 -57 $657,665.32
LRS LATIN RESOURCES 0.001 -33 -85 $2,492,731.14