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

Navigant Research reckons the stationary energy storage market is growing at a rate of 58 per cent a year and will  surpass 100GWh and $US50 billion ($72 billion) annually by 2027. Flow batteries will capture an 18 per cent share of the total, it says.

That’s $13 billion a year for the nascent vanadium battery sector alone.

Which is why major vanadium miner Bushveld has established an investment platform (called VIP) to tap into vanadium battery original equipment manufacturers (OEMs) with “attractive upside potential”.

Last week, the $255m market cap miner announced an initial $US5m investment into the proposed merger of battery makers redT Energy and Avalon Battery.

The merger, which remains subject to due diligence by each party, also needs to raise at least $US30m to support growth plans.

$US5m isn’t a huge amount, but the redT-Avalon tieup would have “a global sales footprint, a robust near-term project pipeline, operations in North America, Europe and Asia, market-leading technology, and a strong management team”, Bushveld says.

This kind of larger-scale business is essential for vanadium battery tech to move into the mainstream.

READ: Stable vanadium prices will propel battery demand to the next level

And it is companies with direct IP — like redT and Avalon — that will capture a large portion of the value created within the energy storage sector, Bushveld chief exec Fortune Mojapelo says.

“The energy storage market presents a very large commercial opportunity, potentially exceeding $300 billion by 2030, with the combined redT-Avalon well placed to capitalise on this opportunity,” he says.

“This [investment] is a major leap forward in the development of our downstream energy business at an attractive price and prudent entry level.

“It also demonstrates our conviction in the VRFB technology’s potential and our ability to meet the vanadium supply needs of the energy storage industry.”

NOW READ: BNEF’s stationary storage forecasts have now almost tripled since 2016

 

Small Cap Spotlight

The major (non-Chilean) lithium miners had a fantastic week.

Pilbara Minerals (ASX:PLS), Galaxy Resources (ASX:GXY), and Orocobre (ASX:ORE) recorded gains of 23 per cent, 17 per cent and 14 per cent respectively, on news that protestors had blocked access to Chilean lithium operations in late October – all part of nationwide demonstrations over inequality, according to Reuters.

Chile’s Atacama salt flats are among the world’s richest reserves of lithium so there’s going to be a lot of interest in any potential long-term supply implications.

Other major lithium winners included advanced explorers ioneer (ASX:INR), European Lithium (ASX:EUR), AVZ Minerals (ASX:AVZ) and Liontown Resources (ASX:LTR) – which is up an incredible 404 per cent over the past 12 months.

In the red this week is advanced nickel-cobalt play Australian Mines (ASX:AUZ), which fell 29 per cent after a comprehensive supply deal with South Korean battery maker SK Innovation was terminated.

 

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 1 Week Total Return % 1 Year Total Return % Price [intraday Monday] Market Cap
PSM PENINSULA MINES 50 -40 0.003 $ 2,033,744.13
RLC REEDY LAGOON 33 -43 0.004 $ 1,609,086.88
SBR SABRE RESOURCES 33 -60 0.004 $ 1,901,534.75
PGM PLATINA RESOURCES 26 -59 0.024 $ 7,178,072.50
PLS PILBARA MINERALS 23 -60 0.365 $ 722,703,872.00
HXG HEXAGON RESOURCES 18 -55 0.067 $ 19,549,488.00
GXY GALAXY RESOURCES 17 -62 1.01 $ 382,863,168.00
INR IONEER 16 -4 0.265 $ 376,758,304.00
EUR EUROPEAN LITHIUM 15 -16 0.092 $ 55,685,588.00
GBE GLOBE METALS AND MINING 15 64 0.024 $ 9,784,370.00
ORE OROCOBRE 14 -37 2.75 $ 688,213,312.00
ZNC ZENITH MINERALS 13 -15 0.069 $ 15,202,182.00
BOA BOADICEA RESOURCES 13 165 0.225 $ 12,509,043.00
AMD ARROW MINERALS 13 -40 0.009 $ 6,701,705.50
EMH EUROPEAN METALS 12 -24 0.32 $ 49,766,936.00
AVZ AVZ MINERALS 12 -39 0.047 $ 103,686,680.00
AXE ARCHER EXPLORATION 12 97 0.145 $ 27,592,850.00
BEM BLACKEARTH MINERALS 10 -47 0.053 $ 5,910,087.00
RMX RED MOUNTAIN MINING 8 -7 0.0065 $ 5,082,220.50
CXO CORE LITHIUM 8 -15 0.04 $ 30,820,318.00
COB COBALT BLUE 8 -37 0.14 $ 20,986,352.00
LTR LIONTOWN RESOURCES 7 404 0.11 $ 185,843,376.00
MIN MINERAL RESOURCES 6 -5 14.435 $ 2,693,851,648.00
FGR FIRST GRAPHENE 6 13 0.17 $ 83,076,016.00
PM1 PURE MINERALS 6 38 0.018 $ 8,481,752.00
NXE NEW ENERGY MINERALS 6 -75 0.018 $ 2,446,327.00
VMC VENUS METALS 6 14 0.21 $ 22,653,958.00
OMH OM HOLDINGS 5 -62 0.485 $ 361,925,440.00
NZC NZURI COPPER 5 35 0.33 $ 94,689,760.00
PAN PANORAMIC RESOURCES 5 -28 0.445 $ 212,626,608.00
N27 NORTHERN COBALT 5 -22 0.065 $ 4,858,321.50
AGY ARGOSY MINERALS 4 -65 0.077 $ 74,131,656.00
ARL ARDEA RESOURCES 4 -3 0.525 $ 58,650,216.00
HRZ HORIZON MINERALS 4 -16 0.125 $ 55,636,776.00
SYR SYRAH RESOURCES 4 -76 0.47 $ 165,349,760.00
TNG TNG 4 -28 0.086 $ 96,710,880.00
ASN ANSON RESOURCES 3 -58 0.033 $ 20,398,700.00
SVM SOVEREIGN METALS 2 12 0.09 $ 29,819,714.00
LPI LITHIUM POWER INTERNATIONAL 2 -2 0.265 $ 72,191,320.00
JRL JINDALEE RESOURCES 2 11 0.295 $ 11,355,805.00
CHN CHALICE GOLD MINES 1 59 0.195 $ 50,702,604.00
DHR DARK HORSE RESOURCES 0 -40 0.0035 $ 6,883,333.00
GED GOLDEN DEEPS 0 -49 0.026 $ 6,943,098.50
RIE RIEDEL RESOURCES 0 -60 0.012 $ 5,016,836.50
4CE FORCE COMMODITIES 0 -14 0.018 $ 9,137,786.00
AYR ALLOY RESOURCES 0 -50 0.0025 $ 3,916,555.25
SUH SOUTHERN HEMISPHERE MINING 0 -58 0.022 $ 1,946,328.38
DGR DGR GLOBAL 0 -41 0.089 $ 55,799,552.00
MLL MALI LITHIUM 0 -60 0.081 $ 25,705,198.00
SI6 SIX SIGMA METALS 0 -20 0.004 $ 2,580,012.50
THR THOR MINING 0 -79 0.006 $ 5,609,881.00
BAR BARRA RESOURCES 0 -49 0.02 $ 12,526,831.00
CZR COZIRON RESOURCES 0 -38 0.008 $ 16,664,410.00
AML AEON METALS 0 -60 0.12 $ 77,518,016.00
MCT METALICITY 0 -71 0.0055 $ 3,616,049.75
WCN WHITE CLIFF MINERALS 0 -47 0.006 $ 2,822,099.25
DTM DART MINING 0 -25 0.006 $ 5,351,880.50
TAR TARUGA MINERALS 0 -59 0.025 $ 3,529,181.00
POW PROTEAN ENERGY 0 -78 0.005 $ 1,557,186.25
BDI BLINA MINERALS 0 -33 0.001 $ 5,454,882.50
HIP HIPO RESOURCES 0 13 0.017 $ 5,797,657.00
ANW AUS TIN MINING 0 -89 0.002 $ 4,978,992.50
AZI ALTA ZINC 0 32 0.006 $ 10,979,306.00
PUR PURSUIT MINERALS 0 -76 0.01 $ 3,302,197.75
EUC EUROPEAN COBALT 0 -23 0.033 $ 25,136,012.00
FEL FE 0 14 0.016 $ 7,819,226.00
CHK COHIBA MINERALS 0 117 0.013 $ 7,975,371.00
LKE LAKE RESOURCES 0 -67 0.035 $ 18,421,010.00
IEC INTRA ENERGY 0 -50 0.006 $ 2,326,344.25
MTH MITHRIL RESOURCES 0 -7 0.006 $ 2,942,335.25
ARE ARGONAUT RESOURCES 0 -72 0.005 $ 7,771,903.00
VR8 VANADIUM RESOURCES 0 -63 0.044 $ 15,493,607.00
TMT TECHNOLOGY METALS AUSTRALIA 0 -73 0.135 $ 12,257,583.00
CNJ CONICO 0 -58 0.008 $ 3,459,584.00
CZN CORAZON MINING 0 -71 0.003 $ 4,076,721.25
GPX GRAPHEX MINING 0 -23 0.185 $ 18,619,364.00
AVL AUSTRALIAN VANADIUM 0 -71 0.012 $ 29,325,346.00
WML WOOMERA MINING 0 -80 0.016 $ 2,148,671.50
CUL CULLEN RESOURCES 0 -33 0.012 $ 2,463,042.75
CGM COUGAR METALS 0 -67 0.001 $ 1,176,583.25
LML LINCOLN MINERALS 0 -38 0.005 $ 2,874,918.50
HAV HAVILAH RESOURCES -1 -46 0.105 $ 27,282,918.00
MQR MARQUEE RESOURCES -1 -18 0.08 $ 4,516,317.00
JMS JUPITER MINES -2 13 0.33 $ 656,262,016.00
MEI METEORIC RESOURCES -2 357 0.064 $ 63,147,512.00
AJM ALTURA MINING -2 -72 0.059 $ 132,551,360.00
POS POSEIDON NICKEL -2 2 0.05 $ 137,420,496.00
CLQ CLEAN TEQ -2 -41 0.245 $ 179,150,448.00
SO4 SALT LAKE POTASH -2 74 0.82 $ 209,909,328.00
TON TRITON MINERALS -3 -14 0.037 $ 35,231,248.00
GLN GALAN LITHIUM -3 -37 0.185 $ 26,020,510.00
TLG TALGA RESOURCES -3 10 0.53 $ 114,410,568.00
LI3 LITHIUM CONSOLIDATED -3 -65 0.031 $ 3,721,685.50
BPL BROKEN HILL PROSPECTING -4 -45 0.026 $ 3,844,968.50
BYH BRYAH RESOURCES -4 -47 0.052 $ 5,633,182.50
PLL PIEDMONT LITHIUM -4 -12 0.11 $ 93,768,744.00
DEV DEVEX RESOURCES -4 219 0.11 $ 16,065,899.00
SRK STRIKE RESOURCES -5 -35 0.04 $ 6,518,236.50
SYA SAYONA MINING -5 -65 0.01 $ 20,420,374.00
NMT NEOMETALS -5 -20 0.19 $ 108,887,640.00
NVA NOVA MINERALS -5 85 0.037 $ 35,417,296.00
INF INFINITY LITHIUM -6 14 0.066 $ 14,388,778.00
MTC METALSTECH -6 -73 0.016 $ 1,871,262.25
CAZ CAZALY RESOURCES -6 53 0.047 $ 15,921,210.00
KTA KRAKATOA RESOURCES -6 63 0.042 $ 7,095,000.00
RNU RENASCOR RESOURCES -7 -26 0.014 $ 14,994,516.00
GME GME RESOURCES -7 -36 0.055 $ 29,362,090.00
JRV JERVOIS MINING -7 -3 0.195 $ 128,326,528.00
PIO PIONEER RESOURCES -7 -28 0.014 $ 21,122,622.00
MNS MAGNIS ENERGY TECHNOLOGIES -7 -57 0.14 $ 86,218,240.00
CRL COMET RESOURCES -7 -22 0.025 $ 6,937,500.00
BSX BLACKSTONE MINERALS -7 -11 0.125 $ 23,007,776.00
IDA INDIANA RESOURCES -8 -56 0.023 $ 4,220,378.00
SEI SPECIALITY METALS INTERNATIONAL -9 289 0.051 $ 50,119,212.00
TKL TRAKA RESOURCES -9 -69 0.01 $ 4,004,629.50
KAI KAIROS MINERALS -9 -62 0.01 $ 9,844,002.00
MZN MARINDI METALS -9 -69 0.077 $ 6,395,588.50
HNR HANNANS -10 -18 0.009 $ 19,879,546.00
MRR MINREX RESOURCES -10 -61 0.009 $ 862,899.56
KSN KINGSTON RESOURCES -10 -9 0.018 $ 30,020,650.00
HWK HAWKSTONE MINING -10 -61 0.009 $ 7,337,862.00
GPP GREENPOWER ENERGY -10 -78 0.01 $ 2,072,018.75
LCD LATITUDE CONSOLIDATED -11 -6 0.017 $ 5,228,401.00
LPD LEPIDICO -11 1 0.017 $ 79,176,032.00
PSC PROSPECT RESOURCES -11 -55 0.12 $ 28,314,210.00
SVD SCANDIVANADIUM -11 -68 0.008 $ 2,814,928.75
KOR KORAB RESOURCES -11 -43 0.016 $ 5,075,191.50
BAT BATTERY MINERALS -11 -70 0.008 $ 10,544,732.00
KNL KIBARAN RESOURCES -11 -56 0.079 $ 21,462,184.00
VML VITAL METALS -12 57 0.011 $ 23,568,724.00
WKT WALKABOUT RESOURCES -13 180 0.295 $ 90,319,016.00
CLA CELSIUS RESOURCES -13 -87 0.014 $ 9,843,835.00
ADV ARDIDEN -13 -50 0.0035 $ 5,916,821.00
E25 ELEMENT 25 -13 5 0.2 $ 19,760,064.00
MLM METALLICA MINERALS -13 -57 0.013 $ 4,536,663.50
BUX BUXTON RESOURCES -13 -48 0.065 $ 9,523,880.00
NWC NEW WORLD COBALT -14 -43 0.019 $ 17,463,748.00
MZZ MATADOR MINING -15 -43 0.175 $ 17,803,586.00
VRC VOLT RESOURCES -15 -42 0.012 $ 17,659,480.00
LIT LITHIUM AUSTRALIA -16 -60 0.037 $ 21,370,874.00
BKT BLACK ROCK MINING -16 38 0.048 $ 32,995,196.00
BSM BASS METALS -17 -61 0.008 $ 22,478,996.00
AEE AURA ENERGY -17 -71 0.005 $ 6,575,953.00
PNN PEPINNINI LITHIUM -20 -65 0.003 $ 3,142,818.50
CFE CAPE LAMBERT RESOURCES -20 -80 0.004 $ 4,417,896.00
MLS METALS AUSTRALIA -25 -50 0.0015 $ 5,914,395.50
MTB MOUNT BURGESS MINING -25 -40 0.003 $ 1,560,388.13
AUZ AUSTRALIAN MINES -29 -57 0.019 $ 93,008,048.00
SRN SUREFIRE RESOURCES -30 -30 0.007 $ 4,397,075.50
LRS LATIN RESOURCES -38 -90 0.011 $ 1,712,690.38