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Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
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
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 |