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

Here’s all you need to know right now.

INDUSTRY FOCUS

Glencore blames low cobalt prices for a less-than-spectacular first half of 2019.

In response, the multi commodity giant will mothball the globally significant Mutanda mine in the DRC from the end of this year.

Mutanda produced 27,300 tons of cobalt last year — over 50 per cent of Glencore’s total – so this could really put a rocket under the depressed cobalt market.

Or, at the very least, shake things up a bit.

Similarly, lithium giant Albemarle has scaled back its lithium chemical expansion plans pretty substantially; especially in Australia.

Albemarle will delay 125,000 metric tons of previously announced conversion capacity.

“The potential impact of EV subsidy changes in China, possible shifts in cathode chemistry, excess inventory held in spots along the supply chain and the current oversupply of lithium carbonate in the market has caused some caution in the energy storage value chain,” Albemarle chief executive officer Luke Kissam said in an earnings call.

“All of this has put downward pressure on price, and we expect to see this pressure on carbonate pricing continue in the near-term — but we also expect supply demand dynamics to tighten in 2020.”

Albemarle anticipates the changes will reduce capital expenditures by approximately $1.5 billion over the next five years and allow Albemarle “to become free cash flow positive in 2021”.

But Kissam maintains this isn’t a response to weak demand in the medium term.

“We’re still bullish on demand,” he says.

“We’re at 1 million metric tons, in that range, by 2025 and we still see that based on all the data that we have coming in.

“We will still have the capability out in the years to either buy or build additional capacity.”

SMALL CAP SPOTLIGHT

Junior lithium explorer Sayona Mining (ASX:SYA) penned a very handy farm-in deal with neighbouring producer Altura Mining (ASX:AJM) in WA’s world-class Pilgangoora lithium district.

Altura can earn a 51 per cent over Sayona’s “attractive” exploration portfolio by spending $1.5m on exploration over three years.

The two companies, which share a number of key board members, see this deal as symbiotic.

“It is rare for such a close alignment of two companies, but this deal is truly one that benefits both, particularly given our priority on advancing our flagship Authier lithium project in Québec,” Sayona managing director Brett Lynch says.

“We can now ensure that our funds are maximised towards the highest likelihood of increased shareholder returns, with the added upside of any potential new discoveries in Australia.”

Sayona’s lithium tenements in Western Australia.

READ: Who says nearology doesn’t pay off?

ScandiVanadium (ASX:SVD) is finally drilling at the Skåne vanadium project in southern Sweden.

Diamond holes up to 125m deep will target a prospective vanadium bearing seam where it occurs near surface at the Hörby target, at the northern end of the project area. Drilling will take three weeks to complete.

Investors approved, sending the stock up 11 per cent for the week.

Vietnam-focussed Blackstone Minerals (ASX:BSX), which is looking to produce battery grade nickel and cobalt, jumped 20 per cent as the nickel price pumped through $US16,000/t and Glencore flagged those massive cobalt production cuts from the end of this year.

As did three of Australia’s most advanced nickel-cobalt laterite project developers – Australian Mines (ASX:AUZ), CleanTeq (ASX:CLQ), and Ardea (ASX:ARL).

 

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 Share Price Mon Aug 12 [intraday] Market Cap 1 Year Return % 1 Week Return %
AMD ARROW MINERALS 0.015 $4,830,028.00 -16 60
MZN MARINDI METALS 0.001 $4,496,742.00 -82 50
PSM PENINSULA MINES 0.003 $3,038,616.25 -63 50
MLS METALS AUSTRALIA 0.0015 $4,390,796.50 -67 50
LML LINCOLN MINERALS 0.007 $4,024,885.75 -73 40
DEV DEVEX RESOURCES 0.08 $11,309,299.00 11 33
NXE NEW ENERGY MINERALS 0.026 $3,363,699.75 -83 30
PGM PLATINA RESOURCES 0.044 $11,621,554.00 -46 25
SYA SAYONA MINING 0.009 $15,503,169.00 -75 25
CNJ CONICO 0.011 $4,228,380.50 -57 22
MEI METEORIC RESOURCES 0.04 $35,560,132.00 21 21
DTM DART MINING 0.005 $5,086,880.50 -14 20
BSX BLACKSTONE MINERALS 0.12 $16,060,250.00 -4 20
CHN CHALICE GOLD MINES 0.19 $52,072,944.00 72 18
SRN SUREFIRE RESOURCES 0.007 $4,528,383.00 -46 17
ANW AUS TIN MINING 0.007 $17,725,494.00 -50 17
PAN PANORAMIC RESOURCES 0.38 $218,665,072.00 -26 15
EUC EUROPEAN COBALT 0.024 $18,280,736.00 -49 14
LPI LITHIUM POWER INTERNATIONAL 0.44 $115,506,120.00 54 14
HWK HAWKSTONE MINING 0.017 $11,045,088.00 -51 13
DHR DARK HORSE RESOURCES 0.0045 $9,279,516.00 -63 13
MRR MINREX RESOURCES 0.01 $958,777.25 -74 11
SVD SCANDIVANADIUM 0.01 $3,166,795.00 -61 11
TAR TARUGA MINERALS 0.03 $4,235,017.00 -77 11
KNL KIBARAN RESOURCES 0.105 $28,676,854.00 -32 11
IEC INTRA ENERGY 0.011 $4,264,964.50 10 10
4CE FORCE COMMODITIES 0.023 $10,915,405.00 -45 10
POS POSEIDON NICKEL 0.046 $113,636,176.00 15 10
ORE OROCOBRE 2.895 $714,381,120.00 -31 8
JRV JERVOIS MINING 0.21 $135,925,904.00 -30 8
ARL ARDEA RESOURCES 0.5 $48,296,168.00 -40 8
GXY GALAXY RESOURCES 1.3 $519,864,768.00 -52 7
FEL FE 0.016 $6,398,489.50 -20 7
PIO PIONEER RESOURCES 0.015 $24,140,140.00 -24 7
LCD LATITUDE CONSOLIDATED 0.016 $4,402,864.00 -47 7
LI3 LITHIUM CONSOLIDATED 0.069 $5,305,619.50 -52 6
AJM ALTURA MINING 0.105 $244,173,568.00 -62 6
KSN KINGSTON RESOURCES 0.018 $28,316,280.00 -24 6
CLQ CLEAN TEQ 0.38 $294,851,776.00 -38 5
E25 ELEMENT 25 0.19 $18,381,454.00 0 5
AUZ AUSTRALIAN MINES 0.02 $68,894,848.00 -74 5
CLA CELSIUS RESOURCES 0.021 $17,416,016.00 -82 5
TLG TALGA RESOURCES 0.465 $86,641,016.00 -15 5
KTA KRAKATOA RESOURCES 0.023 $3,105,000.00 -29 4
HAV HAVILAH RESOURCES 0.15 $31,646,112.00 -36 4
NVA NOVA MINERALS 0.03 $28,660,558.00 20 3
WML WOOMERA MINING 0.031 $3,493,837.50 -69 3
PLS PILBARA MINERALS 0.465 $851,653,376.00 -44 3
NMT NEOMETALS 0.195 $103,443,264.00 -32 3
SO4 SALT LAKE POTASH 0.81 $199,669,840.00 64 3
CXO CORE LITHIUM 0.041 $32,319,548.00 -25 2
LIT LITHIUM AUSTRALIA 0.052 $26,653,168.00 -53 2
LKE LAKE RESOURCES 0.065 $29,650,754.00 -28 2
JRL JINDALEE RESOURCES 0.38 $13,856,181.00 38 1
MQR MARQUEE RESOURCES 0.096 $4,179,369.75 -64 1
KDR KIDMAN RESOURCES 1.8975 $767,091,072.00 53 0
BOA BOADICEA RESOURCES 0.165 $8,719,453.00 22 0
ZNC ZENITH MINERALS 0.078 $16,595,446.00 -57 0
GED GOLDEN DEEPS 0.026 $5,514,100.50 -26 0
RIE RIEDEL RESOURCES 0.012 $5,016,836.50 -67 0
BDI BLINA MINERALS 0.001 $4,593,882.50 -33 0
LRS LATIN RESOURCES 0.001 $3,892,466.50 -83 0
DGR DGR GLOBAL 0.094 $57,025,916.00 6 0
MLL MALI LITHIUM 0.12 $33,063,764.00 -69 0
SI6 SIX SIGMA METALS 0.005 $2,809,390.75 -55 0
AEE AURA ENERGY 0.01 $12,451,475.00 -48 0
HXG HEXAGON RESOURCES 0.09 $26,260,506.00 -45 0
AXE ARCHER EXPLORATION 0.125 $24,636,472.00 42 0
MNS MAGNIS ENERGY TECHNOLOGIES 0.185 $110,004,480.00 -47 0
WCN WHITE CLIFF MINERALS 0.004 $1,881,399.50 -92 0
RLC REEDY LAGOON 0.005 $2,011,358.50 -58 0
SEI SPECIALITY METALS 0.03 $29,481,888.00 72 0
AZI ALTA ZINC 0.003 $5,464,903.00 -34 0
PUR PURSUIT MINERALS 0.009 $1,848,218.63 -91 0
PM1 PURE MINERALS 0.017 $7,388,180.00 21 0
BSM BASS METALS 0.009 $25,288,872.00 -65 0
BPL BROKEN HILL PROSPECTING 0.034 $5,028,035.50 -52 0
ADV ARDIDEN 0.003 $5,916,821.00 -73 0
PNN PEPINNINI LITHIUM 0.003 $3,714,035.25 -74 0
MTB MOUNT BURGESS MINING 0.002 $1,040,258.81 -71 0
NWC NEW WORLD COBALT 0.016 $10,037,611.00 -63 0
CMC CHINA MAGNESIUM CORP $5,160,157.50 -42 0
ARE ARGONAUT RESOURCES 0.006 $9,326,284.00 -76 0
CZN CORAZON MINING 0.002 $3,261,377.25 -78 0
IDA INDIANA RESOURCES 0.023 $3,237,297.50 -52 0
HRZ HORIZON MINERALS 0.14 $62,056,404.00 -18 0
RMX RED MOUNTAIN MINING 0.007 $3,112,147.00 -43 0
CUL CULLEN RESOURCES 0.012 $1,864,113.13 -61 0
HGM HIGH GRADE METALS 0.008 $3,623,503.00 -77 0
CGM COUGAR METALS 0.001 $1,176,583.25 -75 0
COB COBALT BLUE 0.12 $17,238,790.00 -79 0
HNR HANNANS 0.011 $19,879,546.00 -44 0
SYR SYRAH RESOURCES 0.815 $341,033,888.00 -67 -1
NZC NZURI COPPER 0.325 $96,169,288.00 38 -2
MZZ MATADOR MINING 0.295 $29,581,250.00 -16 -2
FGR FIRST GRAPHENE 0.245 $105,480,464.00 40 -2
TON TRITON MINERALS 0.045 $41,721,216.00 -21 -2
EMH EUROPEAN METALS 0.395 $56,457,256.00 -5 -3
INR IONEER 0.17 $258,122,112.00 -39 -3
CRL COMET RESOURCES 0.029 $8,325,000.00 -24 -3
GME GME RESOURCES 0.056 $27,337,118.00 -49 -3
PLL PIEDMONT LITHIUM 0.14 $114,153,248.00 -15 -3
BKT BLACK ROCK MINING 0.083 $45,672,968.00 105 -4
LPD LEPIDICO 0.023 $105,568,040.00 -10 -4
CAZ CAZALY RESOURCES 0.022 $6,332,967.50 -41 -4
SVM SOVEREIGN METALS 0.11 $43,112,840.00 38 -4
BUX BUXTON RESOURCES 0.105 $13,605,543.00 -42 -5
KAI KAIROS MINERALS 0.018 $14,488,638.00 -49 -5
AVZ AVZ MINERALS 0.05 $110,599,128.00 -54 -6
PSC PROSPECT RESOURCES 0.165 $40,111,800.00 -45 -6
RNU RENASCOR RESOURCES 0.017 $19,608,214.00 -24 -6
N27 NORTHERN COBALT 0.03 $2,046,304.00 -78 -6
TMT TECHNOLOGY METALS AUSTRALIA 0.205 $17,948,604.00 -70 -7
MIN MINERAL RESOURCES 14.22 $2,780,096,768.00 -4 -7
OMH OM HOLDINGS 0.73 $542,888,128.00 -41 -7
AVL AUSTRALIAN VANADIUM 0.014 $25,659,970.00 -78 -7
KOR KORAB RESOURCES 0.026 $8,564,386.00 0 -7
ASN ANSON RESOURCES 0.037 $20,348,586.00 -65 -8
BYH BRYAH RESOURCES 0.074 $4,720,497.50 -36 -8
VMC VENUS METALS 0.24 $26,827,056.00 97 -8
TNG TNG 0.09 $101,209,064.00 -38 -8
VML VITAL METALS 0.011 $19,168,724.00 22 -8
CHK COHIBA MINERALS 0.011 $6,646,142.50 83 -8
WKT WALKABOUT RESOURCES 0.265 $85,550,264.00 135 -8
JMS JUPITER MINES 0.3725 $734,621,632.00 33 -9
TKL TRAKA RESOURCES 0.01 $3,704,629.50 -70 -9
BEM BLACKEARTH MINERALS 0.067 $5,909,122.50 -58 -9
CFE CAPE LAMBERT RESOURCES 0.009 $9,179,350.00 -67 -10
VR8 VANADIUM RESOURCES 0.072 $26,053,078.00 -56 -10
MTC METALSTECH 0.017 $1,871,262.25 -83 -11
GLN GALAN LITHIUM 0.175 $22,633,498.00 -46 -11
INF INFINITY LITHIUM 0.075 $14,942,434.00 1 -11
VRC VOLT RESOURCES 0.017 $22,144,858.00 -24 -11
HIP HIPO RESOURCES 0.008 $3,092,083.75 -60 -11
BAR BARRA RESOURCES 0.023 $10,777,815.00 -36 -12
MLM METALLICA MINERALS 0.015 $4,860,711.00 -61 -12
AGY ARGOSY MINERALS 0.105 $111,595,232.00 -59 -13
POW PROTEAN ENERGY 0.007 $2,180,060.75 -77 -13
GPX GRAPHEX MINING 0.19 $19,122,590.00 -10 -14
BAT BATTERY MINERALS 0.012 $15,817,099.00 -60 -14
GBE GLOBE METALS AND MINING 0.016 $7,454,758.00 7 -16
AML AEON METALS 0.155 $117,787,200.00 -56 -16
MTH MITHRIL RESOURCES 0.005 $2,323,140.75 -61 -17
LTR LIONTOWN RESOURCES 0.1125 $177,029,296.00 314 -18
SUH SOUTHERN HEMISPHERE MINING 0.026 $2,300,206.25 -57 -19
SRK STRIKE RESOURCES 0.053 $8,690,982.00 -2 -20
AYR ALLOY RESOURCES 0.002 $3,386,555.25 -67 -20
MCT METALICITY 0.008 $4,995,380.00 -60 -20
SBR SABRE RESOURCES 0.006 $2,852,302.00 -63 -25
THR THOR MINING 0.011 $10,681,409.00 -73 -27
GPP GREENPOWER ENERGY 0.001 $4,004,490.50 -80 -33
CZR COZIRON RESOURCES 0.01 $19,641,064.00 -47 -33