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

 

After a huge collective performance in 2021, the froth has been blown off lithium stocks this year.

Producers like Pilbara Minerals (ASX:PLS) are recording double digit share price losses in 2022 despite posting some very impressive H1 profits, driven by a LCE price which is up 562% year-on-year.

The small cap contingent isn’t doing any better.

Is the general malaise affecting markets to blame? Has the lithium bubble burst … or is this a buying opportunity?

This is a buying opportunity, says Niv Dagan, founder and exec director at Peak Asset Management.

“From a Peak Asset Management view, we feel that investors should be using this opportunity to add to their lithium exposure,” he told Stockhead.

“Following production cuts, the lithium supply glut has ended, and the market is now tightening, as the EV revolution accelerates.

“This is also well supported by the global commitment to decarbonisation.

“More recently Macquarie Bank advised clients that the lithium market is emerging faster than expected on the back of stationary energy storage systems and they encouraged ‘material upgrades to forecast demand for lithium over the short and medium term’.

“Credit Suisse echoed Macquarie’s buoyant lithium analysis, advising clients that it would be “brave to resist lithium momentum”.”

 

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing>>>

Battery metals stocks missing from our list? Shoot a friendly mail to [email protected]

Code Company % Week % Month % Six Month % Year Price Market Cap
BHP BHP Group Limited 0% 5% 8% -2% 48 $242,029,671,713.90
S32 South32 Limited 3% 12% 64% 66% 4.57 $20,506,194,620.73
MIN Mineral Resources. -3% -26% -8% 19% 47.06 $8,607,792,617.38
IGO IGO Limited -5% -11% 29% 62% 11.35 $8,367,809,333.65
OZL OZ Minerals -2% -10% 20% 11% 25.15 $8,309,976,923.50
PLS Pilbara Min Ltd -4% -19% 42% 155% 2.87 $8,305,262,282.43
LYC Lynas Rare Earths 3% -12% 44% 48% 9.105 $7,841,956,404.26
AKE Allkem Limited 5% -9% 9% 79% 9.4 $5,597,474,645.08
ILU Iluka Resources -2% 3% 23% 50% 10.99 $4,693,313,972.78
NIC Nickel Mines Limited 5% -4% 49% 5% 1.4425 $3,515,022,707.16
LTR Liontown Resources 2% -12% 91% 300% 1.42 $2,904,698,387.35
AVZ AVZ Minerals Ltd 7% 5% 255% 280% 0.78 $2,485,485,417.60
CHN Chalice Mining Ltd -5% -14% 19% 67% 7.08 $2,382,207,510.54
CXO Core Lithium 9% -3% 169% 235% 0.82 $1,279,218,583.00
LKE Lake Resources 6% -4% 71% 118% 0.905 $1,106,363,854.79
INR Ioneer Ltd 1% -22% 29% 21% 0.575 $1,097,043,393.47
VUL Vulcan Energy 0% -5% -26% 31% 8.91 $1,088,704,894.30
JRV Jervois Global Ltd 18% 2% 66% 53% 0.7325 $1,055,952,324.09
MCR Mincor Resources NL 5% 4% 53% 78% 1.895 $920,259,984.00
SYR Syrah Resources 3% -24% 21% 12% 1.415 $847,699,722.87
SYA Sayona Mining Ltd 2% -10% -6% 246% 0.1175 $780,661,334.09
FFX Firefinch Ltd 0% -13% 23% 172% 0.6525 $718,663,082.00
NMT Neometals Ltd 7% -19% 71% 268% 1.31 $674,502,967.08
OMH OM Holdings Limited -2% 6% 27% 25% 0.925 $664,761,003.30
PAN Panoramic Resources 1% -5% 50% 64% 0.2625 $512,728,501.00
MLX Metals X Limited 1% 6% 121% 145% 0.575 $494,460,006.52
CTM Centaurus Metals Ltd -1% 0% 36% 31% 1.18 $488,503,540.14
HAS Hastings Tech Met 2% 0% 44% 22% 0.28 $469,417,322.79
RNU Renascor Res Ltd -7% 13% 212% 410% 0.265 $465,046,492.26
JMS Jupiter Mines. -4% -2% -16% -38% 0.215 $411,388,116.93
GLN Galan Lithium Ltd 4% -16% 44% 196% 1.435 $397,791,527.66
MNS Magnis Energy Tech -2% -21% 38% 52% 0.44 $395,961,092.42
AGY Argosy Minerals Ltd -5% -13% 112% 165% 0.3175 $387,101,934.07
TLG Talga Group Ltd -5% -18% 6% -18% 1.335 $386,974,739.13
PSC Prospect Res Ltd 9% 2% 179% 418% 0.88 $362,693,728.22
PLL Piedmont Lithium Inc -3% -1% -3% -13% 0.6675 $353,240,704.00
ARU Arafura Resource Ltd -3% -16% 58% -22% 0.19 $294,579,293.08
POS Poseidon Nick Ltd 1% -18% -14% 14% 0.09 $263,500,519.24
EGR Ecograf Limited 1% -8% -27% -16% 0.595 $252,186,737.04
AXE Archer Materials 1% -15% -38% -14% 1.03 $248,805,043.04
NTU Northern Min Ltd 0% 0% 35% 4% 0.05 $247,682,331.25
AZL Arizona Lithium Ltd -2% -23% 245% 197% 0.1275 $229,743,142.33
LOT Lotus Resources Ltd -2% -13% 71% 60% 0.24 $219,605,789.48
BKT Black Rock Mining 2% 9% 67% 39% 0.25 $212,818,162.20
QPM Queensland Pacific -14% -25% -19% 45% 0.1425 $200,604,707.03
BSX Blackstone Ltd -4% -36% 19% -10% 0.4625 $193,326,952.95
LPI Lithium Pwr Int Ltd -8% -15% 97% 97% 0.57 $188,335,717.92
VML Vital Metals Limited 3% -18% -24% 3% 0.0465 $187,446,738.78
GL1 Globallith 6% -16% 323% 0% 1.395 $185,804,583.51
CNB Carnaby Resource Ltd 5% -7% 368% 541% 1.475 $185,160,476.37
LEG Legend Mining -4% -14% -12% -48% 0.067 $184,594,093.31
CAE Cannindah Resources 15% 10% 448% 1260% 0.34 $175,679,075.59
LPD Lepidico Ltd -3% -32% 68% 28% 0.032 $174,692,849.60
IXR Ionic Rare Earths -2% -19% 83% 8% 0.055 $173,955,875.21
E25 Element 25 Ltd -7% -26% -35% -34% 1.09 $167,981,405.90
VIA Viagold Rare Earth 0% 0% 2464% 4662% 2 $166,624,808.00
SRL Sunrise 5% -7% 21% -31% 1.915 $166,607,076.15
EMH European Metals Hldg -9% -25% -28% -14% 1.15 $162,837,279.40
NVA Nova Minerals Ltd 3% -16% -19% -42% 0.895 $156,775,987.95
PEK Peak Rare Earths Ltd -9% -14% -11% -39% 0.73 $154,419,680.00
JRL Jindalee Resources -4% -4% -18% 42% 2.74 $147,703,827.18
LMG Latrobe Magnesium -13% -24% 367% 296% 0.091 $142,357,863.04
COB Cobalt Blue Ltd -5% -7% 104% 7% 0.48 $138,021,931.35
PRL Province Resources -4% -20% -14% 29% 0.12 $135,559,177.32
ARR American Rare Earths 0% 4% 229% 295% 0.395 $127,774,993.13
IPX Iperionx Limited -1% -8% -30% 22% 0.9 $121,354,987.17
LIT Lithium Australia NL -4% -15% -8% -24% 0.11 $118,745,618.54
EMN Euromanganese 1% -14% -30% -24% 0.47 $118,296,239.02
AZS Azure Minerals -3% -7% 88% 18% 0.385 $114,972,216.77
DEV Devex Resources Ltd -10% -30% 59% 46% 0.35 $109,964,389.15
WKT Walkabout Resources -8% -8% 7% 53% 0.245 $108,546,026.88
ASN Anson Resources Ltd -4% -21% 39% 26% 0.115 $107,246,924.40
NWC New World Resources 0% -14% -4% 18% 0.066 $105,247,086.25
AVL Aust Vanadium Ltd 3% -19% 17% 42% 0.034 $102,306,507.37
CRR Critical Resources -21% -34% 243% 193% 0.079 $101,013,703.53
1MC Morella Corporation -11% -43% -68% -68% 0.0205 $98,348,065.73
ARL Ardea Resources Ltd -3% 16% 63% 45% 0.7225 $97,875,304.40
EUR European Lithium Ltd -11% -31% 33% 45% 0.093 $96,588,181.67
FGR First Graphene Ltd -3% -10% -13% -33% 0.175 $91,321,256.73
TNG TNG Limited -3% -28% -24% -34% 0.063 $86,081,929.76
HNR Hannans Ltd 3% -40% 391% 391% 0.034 $80,794,415.76
ESS Essential Metals Ltd -10% -32% 112% 192% 0.35 $79,380,265.90
BRB Breaker Res NL 4% 0% 31% 31% 0.255 $78,201,822.96
STK Strickland Metals 5% -3% 66% 183% 0.063 $76,790,370.00
AUZ Australian Mines Ltd -8% -19% -26% -28% 0.17 $73,160,808.49
MRC Mineral Commodities -4% -25% -20% -70% 0.12 $66,873,829.25
RXL Rox Resources -2% -14% 11% -22% 0.42 $66,755,197.74
TMT Technology Metals -1% -7% -16% -6% 0.33 $63,135,030.90
S2R S2 Resources 6% -12% 32% 9% 0.185 $62,365,599.63
AR3 Austrare -2% -16% -19% 0% 0.8 $61,736,732.37
INF Infinity Lithium -6% -19% 67% -25% 0.15 $60,150,268.95
LRS Latin Resources Ltd 12% 9% -7% -49% 0.038 $51,937,817.62
GBR Greatbould Resources 13% -10% 98% 271% 0.1525 $51,799,192.31
NC1 Nicoresourceslimited 6% 11% 0% 0% 0.63 $48,423,751.11
EFE Eastern Resources -9% -33% 277% 275% 0.049 $48,226,259.33
WR1 Winsome Resources -3% -26% 0% 0% 0.37 $47,733,297.87
REE Rarex Limited -4% -8% 28% -15% 0.11 $47,417,286.42
MRD Mount Ridley Mines 13% 20% 125% 125% 0.009 $45,916,679.38
VRC Volt Resources Ltd -5% -17% -30% 6% 0.019 $45,496,711.64
EVR Ev Resources Ltd -7% -37% 89% 55% 0.051 $45,373,219.48
PVW PVW Res Ltd -6% 36% 291% 268% 0.625 $43,294,921.88
KZR Kalamazoo Resources -11% -16% -15% -33% 0.31 $42,106,368.46
AML Aeon Metals Ltd. 9% 6% -12% -55% 0.05 $40,693,017.74
MRR Minrex Resources Ltd -2% -12% 247% 157% 0.059 $39,922,489.75
LEL Lithenergy -7% -12% 53% 0% 0.895 $38,700,000.00
GME GME Resources Ltd -2% -11% 23% 5% 0.065 $38,609,399.53
AOU Auroch Minerals Ltd -2% -2% -32% -58% 0.1125 $37,910,438.90
PAM Pan Asia Metals -5% -21% 259% 225% 0.52 $36,829,322.00
BNR Bulletin Res Ltd 35% -4% 150% 89% 0.135 $35,694,988.75
GW1 Greenwing Resources -7% -39% 15% -3% 0.315 $35,484,141.32
ARN Aldoro Resources 5% 7% -15% 46% 0.395 $35,367,742.66
VR8 Vanadium Resources -2% -2% 39% 70% 0.0765 $35,010,315.68
TON Triton Min Ltd -3% -18% -6% -42% 0.031 $34,797,956.96
GAL Galileo Mining Ltd -3% -17% -25% -46% 0.19 $33,681,841.00
ESR Estrella Res Ltd -7% -21% -29% -61% 0.027 $32,418,401.58
ADV Ardiden Ltd -20% -29% 0% -29% 0.012 $31,927,708.27
GMC Gulf Manganese Corp 10% 10% 10% 10% 0.0055 $29,718,965.83
CWX Carawine Resources 45% 24% 6% 9% 0.2175 $29,634,384.61
GSR Greenstone Resources -5% 21% 75% 52% 0.035 $29,054,832.80
VMC Venus Metals Cor Ltd 0% -5% 9% -10% 0.19 $27,949,556.36
BEM Blackearth Minerals 2% -27% -6% -25% 0.1125 $27,034,622.20
SGQ St George Min Ltd 0% -41% -29% -52% 0.047 $26,513,592.17
CLA Celsius Resource Ltd -11% -22% 0% -49% 0.025 $25,295,473.94
PNN PepinNini Minerals 6% -18% 52% -8% 0.425 $25,099,508.74
QXR Qx Resources Limited 0% -16% 200% 100% 0.036 $24,339,318.91
PGM Platina Resources 3% -9% -16% 7% 0.0545 $24,325,411.15
IPT Impact Minerals -8% -14% -8% -45% 0.012 $24,285,539.03
MQR Marquee Resource Ltd -4% -23% 105% 83% 0.115 $22,518,835.71
MAN Mandrake Res Ltd -7% -15% -18% -42% 0.0465 $22,173,751.22
HXG Hexagon Energy -16% -34% -35% -57% 0.047 $21,428,123.18
AZI Altamin Limited 9% 3% -8% -20% 0.071 $21,223,753.11
CHR Charger Metals -8% -23% 33% 0% 0.65 $20,515,551.84
PUR Pursuit Minerals -14% -20% -64% -58% 0.0215 $19,856,533.07
A8G Australasian Metals -6% -21% 241% 0% 0.495 $19,080,984.65
QEM QEM Limited -6% -18% 3% 76% 0.16 $18,147,733.28
SCN Scorpion Minerals -7% -7% 2% 32% 0.066 $18,081,621.06
SHH Shree Minerals Ltd 0% 29% 80% 29% 0.018 $18,075,027.16
BOA Boadicea Resources 2% -4% 13% -2% 0.22 $16,705,477.43
FRB Firebird Metals -14% -16% -25% 0% 0.315 $16,660,976.64
KOR Korab Resources -2% -16% 171% 229% 0.046 $16,150,200.00
AKN Auking Mining Ltd 22% 52% 33% -45% 0.22 $15,039,322.10
AQD Ausquest Limited 0% -19% -15% -26% 0.017 $14,834,686.01
RMX Red Mount Min Ltd -10% -18% 0% -31% 0.009 $14,781,274.72
EMT Emetals Limited -11% -24% -16% -43% 0.016 $14,450,000.00
WCN White Cliff Min Ltd -10% 8% 125% 23% 0.027 $14,415,033.58
RLC Reedy Lagoon Corp. -4% -34% 59% 0% 0.027 $14,244,287.98
LSR Lodestar Minerals 17% 5% 17% -25% 0.0105 $13,909,373.48
AS2 Askarimetalslimited 4% -8% 73% 0% 0.355 $13,154,858.63
RFR Rafaella Resources -8% -28% -29% -31% 0.055 $12,898,760.13
RR1 Reach Resources Ltd 0% 0% 0% 118% 0.008 $12,752,099.71
SLZ Sultan Resources Ltd -3% -27% -14% -25% 0.15 $12,492,658.35
KTA Krakatoa Resources -4% -22% -10% -27% 0.045 $12,377,816.51
ADD Adavale Resource Ltd -3% -36% -30% -44% 0.038 $12,059,482.00
RAG Ragnar Metals Ltd 3% -26% -17% -41% 0.034 $11,925,916.45
BUX Buxton Resources Ltd -6% -2% -6% 21% 0.087 $11,836,822.58
DTM Dart Mining NL 10% 2% -14% -39% 0.095 $11,826,638.35
ALY Alchemy Resource Ltd 8% 0% -5% -26% 0.013 $11,428,138.68
BYH Bryah Resources Ltd -15% -23% -10% -16% 0.047 $11,084,151.58
CNJ Conico Ltd 0% -70% -83% -57% 0.012 $11,002,363.61
MLS Metals Australia 20% 20% 20% 20% 0.048 $11,000,979.99
WML Woomera Mining Ltd -6% -19% -22% -18% 0.017 $10,909,329.06
AX8 Accelerate Resources 7% 7% 13% -13% 0.045 $10,898,732.66
AAJ Aruma Resources Ltd -21% -7% 30% 16% 0.087 $10,832,689.26
BMM Balkanminingandmin 6% -14% -35% 0% 0.345 $10,643,750.00
TSC Twenty Seven Co. Ltd 0% 0% 33% -43% 0.004 $10,643,255.62
FG1 Flynngold 3% -11% 3% 0% 0.165 $10,570,073.25
CZN Corazon Ltd -3% -14% -14% -44% 0.032 $10,075,479.71
IMI Infinitymining -10% -8% 0% 0% 0.175 $10,062,500.00
SRI Sipa Resources Ltd 0% 0% -21% -17% 0.049 $10,046,215.35
TMB Tambourahmetals -6% -19% 24% 0% 0.23 $9,474,297.54
G88 Golden Mile Res Ltd -4% -4% 2% 11% 0.052 $9,169,971.38
SBR Sabre Resources -10% -25% 13% -36% 0.0045 $9,156,661.42
TEM Tempest Minerals 0% -21% 38% -27% 0.022 $9,151,720.65
CMX Chemxmaterials -7% -34% 0% 0% 0.195 $9,036,446.45
KGD Kula Gold Limited 5% -7% -10% 8% 0.043 $8,822,200.91
ENT Enterprise Metals 0% -20% 16% -24% 0.015 $8,595,302.18
LRV Larvottoresources -12% 5% 0% 0% 0.22 $8,480,325.00
NKL Nickelxltd -12% 0% -36% 0% 0.145 $8,025,750.00
KFM Kingfisher Mining -6% -25% 35% -8% 0.23 $7,876,350.23
FRS Forrestaniaresources -6% -18% 0% 0% 0.335 $7,854,000.00
GED Golden Deeps -9% -17% -9% -13% 0.01 $7,758,514.40
AM7 Arcadia Minerals -4% -20% 19% 0% 0.22 $7,698,350.00
RBX Resource B 5% -7% 22% 474% 0.195 $7,590,041.15
EMS Eastern Metals -11% -29% 0% 0% 0.2 $7,476,000.00
GSM Golden State Mining -12% -33% -33% -42% 0.081 $7,062,478.73
TKL Traka Resources -27% -39% -21% -45% 0.011 $6,887,745.61
ENV Enova Mining Limited 0% -13% -13% -29% 0.02 $6,773,176.88
MOH Moho Resources -11% -19% -17% -38% 0.05 $6,636,563.39
GRE Greentechmetals -9% -32% 0% 0% 0.25 $6,480,124.77
CML Chase Mining Limited 8% -13% -13% -18% 0.014 $6,085,725.89
AOA Ausmon Resorces 0% 17% 17% -22% 0.007 $5,572,380.73
CMO Cosmometalslimited -5% 0% 0% 0% 0.19 $4,974,450.00
MMC Mitremining -3% -5% 0% 0% 0.185 $4,875,318.00
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
ATM Aneka Tambang 5% 5% 15% 15% 1.15 $1,499,196.35

 

WEEKLY SMALL STANDOUTS

Major shareholder Christopher Wallin has launched an all-cash takeover bid for gold-manganese explorer Carawine Resources (ASX:CWX) which values the explorer at 21c per share — a 27.27% premium to the last trading price.

Wallin was the #41 richest person is Australia in 2020 (according to Forbes) with an estimated net wealth of about ~$910 million.

He is probs worth a lot more now, as coal prices are surging and he makes his money through private company QCoal Group, which has developed several coal mines in Queensland’s Bowen Basin.

These mines produce 10 million tonnes of coking and thermal coal which is exported through the Abbot Point Coal Terminal each year.

Wallin’s offer is unconditional and will remain open until 22 April 2022, unless extended or withdrawn. CWX will provide a recommendation on the bid to shareholders in due course – until then they should “TAKE NO ACTION”, it says.

Bulletin Resources (ASX:BNR) flagged another high-grade lithium trend at its ‘Ravensthorpe’ project in WA, parallel to the Eastern trend identified last week.

The Horseshoe pegmatite, part of the Western pegmatite trend, returned rock chip assays of up to 4.50% Li2O with an average assay of 3.1% Li2O. Ore grade is usually around 1%.

“We now have a great opportunity to progress two lithium plays only a few km apart in this incredibly prospective area with an operating lithium processing plant only 12km away,” CEO Mark Csar says.

Up on no news was minnow Metals Australia (ASX:MLS), which kicked off a 3,5000m RC drilling program at its Manindi lithium project in WA mid last week.

The program is expected to take 2-3 weeks to complete, and will target the entire 500m strike length of the recently discovered Foundation Pegmatite.

Chairman Mike Scivolo says that historical drill intersections and mapping at Manindi has identified multiple LCT pegmatites, “highlighting the large-scale potential for high-grade lithium deposits.”

Testing is also planned for nearby pegmatites, Dibbler, Quoll and Bandicoot, where lithium minerals have been identified in rockchip sampling.

$1bn market cap cobalt miner/project developer Jervois Global (ASX:JRV) is on track for first cobalt and copper concentrate production from its ‘Idaho Cobalt Operations’ in Q3 2022.

Its Finland operations also pulled in revenues of $US96m (adjusted profits of $US3.9m) in the December quarter.

Gaining on no news this week, JRV will be a direct beneficiary of higher cobalt prices, which recently hit a three-year high.

 

CWX, BNR, MLS and JRV share price charts