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Each week High Voltage tracks a list of ASX 200 battery metals stocks including explorers with exposure to lithium, cobalt, graphite, manganese and vanadium — stocks that are used in energy storage and generally driven by battery news, even if their main application is not yet battery storage.

>>>Scroll down for a table showing the recent performance of 200 ASX battery metal stocks

It’s been a bloodbath for most ASX small caps stocks this week.

Battery metals-exposed small caps didn’t escape the carnage, despite the strong outlook for lithium, cobalt, manganese, graphite and vanadium.

Of the 200 battery metals stocks on our list, about 130 lost ground, 30 were ahead and 40 were steady.

The biggest winners were all micro caps – Blina Minerals (ASX:BDI) up 100 per cent, Monax Mining (ASX:MOX) up 50 per cent, and Pacifico Minerals (ASX:PMY) up 20 per cent.

West Australian manganese and lithium explorer Pure Minerals (ASX:PM1) was also up 8.5 per cent for the week to 1.3c – it’s shares are currently suspended pending an acquisition announcement.

For the first time, explorer Corazon Mining (ASX: CZN) has included cobalt as part of a resource upgrade at the historic ‘Lynn Lake’ project in Canada.

This helped boost its share price about 14.5 per cent to 0.8c for the week; but it is still about 65 per cent in the red over the past year.

The newly upgraded resource – a 60 per cent boost on its previous 2015 estimate – now contains 110,300 tonnes of nickel, 51,400t of copper and 5200t of cobalt.

The low-grade, near-surface Lynn Lake deposits “provide the opportunity for mining using large tonnage, low cost methods”, Corazon told investors yesterday.

Industry News

Chile’s mining minister is the latest to complain about the lack of transparency around lithium pricing, which Reuters says could be having a “chilling effect” on investment.

Chile is the world’s second largest lithium producer after Australia, which took the number one spot this year.

The London Metals Exchange is working on a benchmark price for the battery metal next year – but it’s a laborious process, because individual prices decided between sellers and buyers are not made publicly available.

A benchmark price is an independently discovered market price used as a ‘starting point’ to set specific contract prices.

Battery metals data leader Benchmark Minerals Intelligence calls this “the next logical evolution in markets that are growing as quickly as lithium”.

Next year will mark the start of a huge EV ramp-up for the world’s biggest carmakers — and that’s expected to have a serious impact on demand for key battery metals such as lithium, cobalt, manganese, HPA and nickel.

Euro car-makers have a lot of ground to make up on EV leaders Tesla, Nissan and various Chinese manufacturers – who continue to break production and sales records every month.

Tesla sold an estimated 22,250 Model 3s in September in the US alone according to this report — the highest ever for sales of a single plug-in electric car in a month, and the first time an EV has beaten 20,000 sales a month in the US market.

Peugeot's e-Legend concept vehicle. Pic: Peugeot
Peugeot’s e-Legend concept vehicle. Pic: Peugeot

This EV ramp-up will see the world’s lithium battery-making capacity more than triple from 175 gigawatt hours to 630GwH by 2022, says a top expert.

“That’s not a forecast from us,” Bloomberg New Energy Finance analyst Logan Goldie-Scot told a conference in Perth on Monday.

“That’s purely based on announcements from different battery manufacturers on the size of their new plants, and when they expect to commission them,” he said.

There was a lot of talk of lithium scarcity last year – now that’s changed, but supply is still very vulnerable.

This is because production rarely, if ever, comes online as planned, Mr Goldie-Scot said.

Then — like clockwork — Chile rejects a request from world-leading lithium producer Albemarle to increase production from 80,000t to 125,000t a year.

Niv Dagan, executive director at Peak Asset Management, said this could have “a positive bearing on lithium prices going forward”.

And the vanadium price could stay high “for some years” with the Chinese government serious about shutting down domestic production as part of its environmental reform agenda, Mastermines boss David Gillam says.

“Anyone that thinks the Chinese government is not serious about environmental reforms is wrong,” he said.

“The number of companies being affected is enormous.”

Chinese players also need more vanadium after the government introduced stricter standards for rebar – a reinforcing steel used in concrete.

“Vanadium is just off the charts at the moment,” Mr Gillam said.

“We saw the vanadium spot price spike around 23 per cent in a week. It’s unheard of for minerals.”

 

Here’s a list of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.

Swipe or scroll to reveal full table. Click headings to sort:

ASX codeCompanyFocusOne-week price change12-month price changePrice Oct 4 (intraday)Market Cap
AMLAEON METALScobalt-0.04225352112681.19354838710.34202.2M
AYRALLOY RESOURCEScobalt0-0.20.0047.3M
AZIALTA ZINCcobalt-0.142857142857-0.60.0068.2M
AJMALTURA MININGlithium-0.0980392156863-0.1481481481480.23427.7M
ADNANDROMEDA METALSlithium0.1666666666670.40.0077.6M
ASNANSON RESOURCESlithium-0.08888888888891.050.08243.0M
ARUARAFURA RESOURCEvanadium-0.056338028169-0.3366336633660.06742.8M
AXEARCHER EXPLORATIcobalt-0.08045977011490.355932203390.0815.3M
ARLARDEA RESOURCEScobalt0.00826446280992-0.3146067415730.6165.1M
ADVARDIDENlithium0-0.6315789473680.00711.7M
AREARGONAUT RESOURClithium-0.08695652173910.50.02132.6M
AGYARGOSY MINERALSlithium-0.14-0.3064516129030.215207.8M
AMDARROW MINERALS Llithium-0.105263157895-0.653061224490.0175.2M
AGOATLAS IRONlithium01.705882352940.046432.9M
AEEAURA ENERGYlithium-0.0952380952381-0.240.01921.5M
AURAURIS MINERALS Lvanadium-0.0869565217391-0.4473684210530.04217.6M
AOUAUROCH MINERALSlithium-0.05-0.5250.09510.9M
ARMAURORA MINERALSlithium-0.0769230769231-0.4285714285710.0242.8M
ANWAUS TIN MINING Lcobalt01.555555555560.02349.5M
AUZAUSTRALIAN MINEScobalt-0.1363636363641.235294117650.038111.3M
AVLAUSTRALIAN VANADlithium-0.0465116279071.928571428570.04172.1M
AVZAVZ MINERALSlithium-0.0721649484536-0.3333333333330.09170.0M
BARBARRA RESOURCEScobalt-0.05-0.4242424242420.03821.8M
BSMBASS METALSlithium-0.160.9090909090910.02159.6M
BATBATTERY MINERALSgraphite-0.133333333333-0.60.02631.2M
BAUBAUXITE RESOURCElithium-0.0175438596491-0.2222222222220.05612.2M
BMTBERKUT MINERALSlithium-0.117647058824-0.750.0754.1M
BGSBIRIMIANlithium-0.203703703704-0.2456140350880.21554.9M
BKTBLACK ROCK MININgraphite-0.0571428571429-0.3653846153850.03316.7M
BEMBLACKEARTH MINERgraphite-0.071428571428600.138.5M
BSXBLACKSTONE MINERcobalt-0.09375-0.5166666666670.14514.9M
BDIBLINA MINERALS Ncobalt110.0024.3M
BOABOADICEA RESOURClithium-0.0816326530612-0.43750.094.8M
BPLBROKEN HILL PROScobalt-0.02985074626871.031250.0659.6M
BYHBRYAH RESOURCESmanganese0.11111111111100.15.6M
BUXBUXTON RESOURCESgraphite0-0.06250.1517.7M
CADCAENEUS MINERALSlithium0-0.50.00114.1M
CFECAPE LAMBERT RESlithium-0.04545454545450.050.02122.3M
CZICASSINI RESOURCEcobalt-0.0277777777778-0.02777777777780.0723.8M
CCZCASTILLO COPPERcobalt-0.05-0.050.03822.0M
CDTCASTLE MINERALSgraphite-0.1-0.1818181818180.0092.5M
CAZCAZALY RESOURCESlithium0-0.3478260869570.037.1M
CLACELSIUS RESOURCEcobalt-0.07692307692311.26415094340.1286.1M
CHNCHALICE GOLD MINvanadium0-0.3478260869570.1540.0M
CMCCHINA MAGNESIUMlithium0.1538461538461.307692307690.039.4M
CLQCLEAN TEQ HOLDINcobalt-0.175438596491-0.568807339450.47391.3M
COBCOBALT BLUE HOLDcobalt-0.06250.8181818181820.335.4M
CHKCOHIBA MINERALSlithium0-0.2727272727270.0083.9M
CLLCOLLERINA COBALTcobalt-0.09090909090911.272727272730.156.7M
CRLCOMET RESOURCESgraphite-0.0882352941176-0.3921568627450.0316.6M
CNJCONICOcobalt0-0.5454545454550.0259.0M
CZNCORAZON MINING Lcobalt0.142857142857-0.6666666666670.0088.9M
CXOCORE EXPLORATIONlithium-0.0888888888889-0.2115384615380.04128.5M
CGMCOUGAR METALS NLlithium-0.2-0.7333333333330.0044.8M
CZRCOZIRON RESOURCEvanadium-0.0666666666667-0.440.01425.0M
CGNCRATER GOLD MINIgraphite-0.05263157894741.250.0185.0M
CASCRUSADER RESOURClithium0-0.793814432990.0210.0M
CULCULLEN RESlithium0-0.50.0012.6M
DHRDARK HORSE RESOUlithium-0.22222222222200.00713.5M
DTMDART MINING NLlithium000.0076.0M
DEGDE GREY MININGlithium-0.0322580645161-0.3333333333330.1554.5M
DEVDEVEX RESOURCESlithium-0.2-0.20.0044.4M
DGRDGR GLOBALlithium-0.1428571428570.04347826086960.1285.8M
E25ELEMENT 25manganese0.02631578947370.02631578947370.19515.9M
EMEENERGY METALSvanadium00.7613636363640.15532.5M
ENTENTERPRISE METALlithium0.1764705882350.05263157894740.026.1M
ESRESTRELLA RESOURClithium-0.136363636364-0.4242424242420.0199.3M
EUCEUROPEAN COBALTcobalt-0.0392156862745-0.7609756097560.04937.3M
EUREUROPEAN LITHIUMlithium-0.20.8113207547170.09660.1M
EMHEUROPEAN METALSlithium-0.0810810810811-0.5853658536590.3449.5M
FELFEcobalt-0.176470588235-0.440.0145.2M
FCCFIRST COBALTcobalt-0.11267605633800.315117.0M
FGRFIRST GRAPHENE Lgraphite-0.20.4814814814810.1256.5M
4CEFORCE COMMODITIElithium-0.147058823529-0.2162162162160.02913.1M
GLNGALAN LITHIUMlithium-0.03389830508473.672131147540.28528.1M
GXYGALAXY RESOURCESlithium-0.157142857143-0.2053872053872.361.0B
GSCGLOBAL GEOSCIENClithium-0.07719298245610.1688888888890.263396.8M
GBEGLOBE METALS ANDgraphite0.076923076923100.0146.5M
GMEGME RESOURCEScobalt0.050.3461538461540.10550.6M
GEDGOLDEN DEEPSvanadium000.047.4M
GPXGRAPHEX MINING Lgraphite-0.109090909091-0.09259259259260.24520.1M
GPPGREENPOWER ENERGlithium0-0.7647058823530.0045.8M
GWRGWR GROUPlithium00.3750.1130.3M
HMXHAMMER METALScobalt-0.0740740740741-0.1935483870970.0257.0M
HNRHANNANSlithium-0.153846153846-0.1538461538460.01123.8M
HAVHAVILAH RESOURCEcobalt-0.025-0.3157894736840.19541.5M
HWKHAWKSTONE MININGlithium-0.03448275862070.3333333333330.02816.0M
HXGHEXAGON RESOURCEgraphite-0.07692307692310.20.1236.5M
HGMHIGH GRADE METALcobalt-0.0769230769231-0.1428571428570.02413.6M
HIGHIGHLANDS PACcobalt00.718750.11120.2M
IDAINDIANA RESOURCEgraphite0-0.09836065573770.0555.3M
INFINFINITY LITHIUMlithium-0.0454545454545-0.6594594594590.06312.7M
IRCINTERMIN RESvanadium-0.06250.5151515151520.1536.5M
IECINTRA ENERGY CORlithium00.6250.0135.0M
JRVJERVOIS MININGcobalt-0.107142857143-0.1803278688520.2555.8M
JMSJUPITER MINESmanganese-0.073529411764700.315646.5M
KAIKAIROS MINERALSlithium-0.0588235294118-0.5428571428570.03228.1M
KLHKALIAlithium0-0.5714285714290.00615.1M
KNLKIBARAN RESOURCEgraphite00.1470588235290.19553.8M
KDRKIDMAN RESOURCESlithium-0.108910891089-0.05263157894740.9387.6M
KRCKING RIVER COPPEvanadium-0.2372881355935.428571428570.04558.2M
KSNKINGSTON RESOURClithium-0.04545454545450.31250.02126.9M
KORKORAB RESOURCESlithium-0.03333333333330.3809523809520.0299.2M
KTAKRAKATOA RESOURClithium-0.1-0.40.0273.2M
LKELAKE RESOURCESlithium-0.02173913043480.4754098360660.0932.4M
LRSLATIN RESOURCESlithium00.250.00514.1M
LCDLATITUDE CONSOLIlithium0.09523809523810.7692307692310.0236.3M
LPDLEPIDICOlithium-0.1904761904760.5454545454550.01763.8M
LMLLINCOLN MINERALSgraphite-0.272727272727-0.8139534883720.0084.6M
LTRLIONTOWN RESOURClithium01.777777777780.02530.1M
LITLITHIUM AUSTRALIlithium-0.047619047619-0.3103448275860.146.4M
LI3LITHIUM CONSOLIDlithium0.0379746835443-0.2190476190480.0827.2M
LPILITHIUM POWER INlithium0.0566037735849-0.3488372093020.2874.8M
MNSMAGNIS RESOURCESgraphite-0.10447761194-0.2941176470590.3192.3M
MZNMARINDI METALS Llithium0-0.4545454545450.00612.5M
MQRMARQUEE RESOURCElithium0.033333333333300.1556.6M
MZZMATADOR MININGlithium00.3043478260870.315.9M
MXRMAXIMUS RESOURCElithium0-0.50.0013.5M
MCTMETALICITYlithium-0.111111111111-0.6666666666670.01610.1M
MLMMETALLICA cobalt0.0909090909091-0.3571428571430.03611.3M
MLSMETALS AUSTRALIAlithium0-0.20.0048.2M
MTCMETALSTECHlithium-0.0285714285714-0.4333333333330.0688.0M
MEIMETEORIC RESOURCcobalt0.0625-0.6458333333330.0179.8M
MINMINERAL RESOURCElithium-0.0896888346553-0.13557358053314.922.9B
MRRMINREX RESOURCEScobalt0-0.3333333333330.032.9M
MTHMITHRIL RESOURCElithium-0.111111111111-0.7333333333330.0081.6M
MOXMONAX MININGlithium0.5-0.50.0031.8M
MTBMOUNT BURGESSvanadium-0.166666666667-0.50.0052.2M
NMTNEOMETALSlithium-0.0943396226415-0.2258064516130.24136.0M
NWCNEW WORLD COBALTcobalt-0.0566037735849-0.2957746478870.0526.5M
N27NORTHERN COBALTlithium-0.2-0.523809523810.15.8M
NVANOVA MINERALSlithium-0.1923076923082.50.02118.0M
NZCNZURI COPPERcobalt-0.1935483870970.4705882352940.2581.4M
OAROAKDALERESOURCESlithium0-0.50.0181.2M
OKROKAPI RESOURCEScobalt0.0526315789474-0.4029850746270.26.9M
OMHOM HLDGSmanganese-0.002994011976052.505263157891.6651.3B
ORNORION MINERALS Llithium00.5263157894740.02958.1M
OREOROCOBRElithium-0.20652173913-0.2443064182193.651.0B
PMYPACIFICO MINERALmanganese0.200.0067.6M
PANPANORAMIC RESOURcobalt-0.05454545454550.6149068322980.52272.0M
PSMPENINSULA MINESlithium0-0.6842105263160.0064.8M
PNNPEPINNINI LITHIUlithium0.142857142857-0.50.0085.0M
PLLPIEDMONT LITHIUMlithium-0.0666666666667-0.2432432432430.1478.3M
PLSPILBARA MINERALSlithium-0.1046511627910.1755725190840.771.4B
PIOPIONEER RESOURCElithium00.18750.01930.1M
PGMPLATINA RESOURCEcobalt-0.139240506329-0.3523809523810.06819.5M
POSPOSEIDON NICKELlithium-0.07407407407410.9230769230770.05137.4M
PSCPROSPECT RESOURClithium-0.176470588235-0.1250.02859.4M
POWPROTEAN ENERGY Lvanadium-0.16-0.160.0216.7M
PM1PURE MINERALSlithium. Manganese0.0833333333333-0.350.0134.1M
PURPURSUIT MINERALSvanadium-0.063829787234-0.7953488372090.0443.6M
RMXRED MOUNTAIN MINcobalt-0.142857142857-0.6250.0064.7M
RDSREDSTONE RESOURCvanadium-0.05555555555560.3076923076920.0177.9M
RLCREEDY LAGOONlithium0.1-0.2666666666670.0113.6M
RNURENASCOR RESOURCgraphite-0.0555555555556-0.3461538461540.01717.3M
RIERIEDEL RESOURCEScobalt0-0.3181818181820.0312.5M
RIORIO TINTOlithium-0.0371482176360.14162835533176.98123.7B
RTRRUMBLE RESOURCESvanadium-0.193548387097-0.3150684931510.0520.0M
SBRSABRE RESvanadium-0.0909090909091-0.1666666666670.014.1M
SO4SALT LAKE POTASHvanadium-0.05940594059410.0439560439560.47589.3M
SYASAYONA MININGlithium-0.062520.0353.2M
SCISILVER CITY MINElithium-0.230769230769-0.3103448275860.025.4M
SI6SIX SIGMA METALSlithium-0.25-0.50.0063.2M
S32SOUTH32manganese-0.1082352941180.145015105743.7920.1B
SXXSOUTHERN CROSSvanadium-0.125-0.2222222222220.0077.5M
SUHSOUTHERN HEMISPHlithium0-0.6631578947370.0645.4M
SVMSOVEREIGN METALSgraphite-0.0659340659341-0.370370370370.08524.9M
SEISPECIALITY METALlithium-0.1333333333330.30.0137.8M
SPISPITFIRE MATERIAmanganese-0.0857142857143-0.3904761904760.06462.8M
SGQST GEORGE MININGcobalt0.1250.1739130434780.13537.3M
SRKSTRIKE RESOURCESlithium00.3157894736840.057.3M
SRNSUREFIRE RESOURCvanadium-0.2-0.5294117647060.0083.8M
SYRSYRAH RESOURCESgraphite-0.160648148148-0.4834757834761.813672.4M
TLGTALGA RESOURCESgraphite-0.0222222222222-0.2142857142860.4497.8M
TNOTANDO RESOURCES (listed Nov 2017; adjusted for stock split)vanadium-0.2461538461541.2790697670.09820.3M
TARTARUGA MINERALSlithium-0.05479452054790.3018867924530.0699.7M
TAWTAWANA RESOURCESlithium-0.08196721311480.1111111111110.28164.8M
TMTTECHNOLOGY METALvanadium-0.1078431372551.333333333330.45532.2M
THRTHOR MINING-CDIlithium-0.03846153846150.7857142857140.02517.0M
THXTHUNDELARRAcobalt0.142857142857-0.3333333333330.0168.9M
TNGTNGvanadium0.0434782608696-0.1428571428570.1297.2M
TRTTODD RIVER RESOUlithium0-0.3097345132740.0786.3M
TKLTRAKA RESOURCESlithium-0.142857142857-0.3181818181820.0311.6M
TKMTREK METALSlithium0-0.6060606060610.0134.1M
TONTRITON MINERALSgraphite-0.0434782608696-0.4942528735630.04438.9M
VMSVENTURE MINERALSlithium0.040.040.02613.0M
VXRVENTUREX RESOURClithium0.030303030303-0.2444444444440.1742.0M
VMCVENUS METALS CORlithium-0.02631578947371.010869565220.18518.7M
VICVICTORY MINEScobalt000.0056.1M
VMLVITAL METALScobalt00.1666666666670.00712.2M
VRCVOLT RESOURCES Lgraphite0.105263157895-0.160.02129.1M
WKTWALKABOUT RESOURlithium-0.2758620689660.2209302325580.10528.4M
WCNWHITE CLIFF MINEcobalt-0.142857142857-0.9004149377590.0242.0M
WMLWOOMERA MINING Llithium0.11764705882400.09511.0M
ZNCZENITH MINERALSlithium-0.0952380952381-0.1739130434780.09520.2M
ZEUZEUS RESOURCES Llithium0-0.20.0122.2M