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

With Victoria, New South Wales and South Australia planning new road user taxes for electric vehicles (EVs), Western Australia has offered a sliver of hope that not all Australian jurisdictions will be hostile.

Australia’s largest state has unveiled an Electric Vehicle Strategy that is accompanied by a $21m Electric Vehicle Fund, the largest single investment in EV charging infrastructure by any state or territory, to facilitate EV uptake.

This is timely given the paucity of fast charging stations across the state with some of the longest drives.

Now, WA is installing fast charge infrastructure from Perth to Kununurra in the North, Esperance in the South and Kalgoorlie in the East, allow EV drivers to access fast charging stations along major travel routes in the regions, town and city centres, and tourism sites.

The state is also increasing its own fleet of EVs with goal of acquiring at least 25 per cent EVs across eligible vehicles.

As part of this move, EV charging stations will be installed in government buildings

“Electric vehicles provide a pathway towards decarbonising road transport and improving air quality in Western Australia. The industry also has huge potential to create jobs for Western Australians,” Premier Mark McGowan noted.

“The global uptake of electric vehicles is one of the most exciting opportunities for Western Australia to create jobs and support economic growth the economy as part of the low-carbon transition.”

EV adoption a plus for battery metals

And there’s the rub.

Increasing EV uptake also supports growth in battery metals.

Lithium, graphite and nickel are all poised to benefit while metals essential for EVs such as copper and rare earths are also likely to make gains.

Already, copper prices have 29 per cent since the beginning of this year to $US7,569.4 per tonne though the oversupply in lithium has kept it trading at about $US9 per kilogram according to the London Metals Exchange.

Benchamrk Minerals is also predicting that the graphite market will fall into a supply deficit from 2023.

 

Here’s how a basket of 106 ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing:

Scroll or swipe to reveal table. Click headings to sort.

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % SHARE PRICE [INTRADAY TUES] MARKET CAP
LKE Lake Resources 0.084 $ 71,907,318.91 53 121 45 180
CXO Core Lithium 0.072 $ 74,574,774.08 57 53 38 100
PRL Province Resources 0.015 $ 7,606,264.40 31 42 36 183
BSM Bass Metals Ltd 0.004 $ 17,971,540.81 33 0 33 -43
WKT Walkabout Resources 0.155 $ 57,607,051.43 11 29 24 -47
AVL Aust Vanadium Ltd 0.0135 $ 38,005,053.96 23 35 23 35
AGY Argosy Minerals Ltd 0.073 $ 73,404,154.15 46 12 22 -11
SYA Sayona Mining Ltd 0.0085 $ 23,755,131.44 6 21 21 -3
CLA Celsius Resource Ltd 0.046 $ 34,329,595.56 48 254 21 254
PSC Prospect Res Ltd 0.145 $ 46,492,651.94 21 77 21 24
JRV Jervois Mining 0.335 $ 250,930,891.90 24 97 20 76
RLC Reedy Lagoon Corp. 0.013 $ 5,636,805.41 18 225 18 333
MAN Mandrake Res Ltd 0.105 $ 30,292,411.60 88 320 15 600
EUR European Lithium Ltd 0.048 $ 35,600,452.94 33 -33 14 -42
VRC Volt Resources Ltd 0.011 $ 23,291,109.11 0 -31 10 -8
RNU Renascor Res Ltd 0.012 $ 18,121,171.33 9 9 9 -14
S2R S2 Resources 0.3 $ 92,892,897.81 13 186 9 161
OZL OZ Minerals 16.6 $ 5,406,707,618.88 12 76 9 57
ORE Orocobre Limited 4.1 $ 1,420,899,886.28 60 74 9 63
CHN Chalice Gold Mines 4.06 $ 1,253,949,148.20 50 298 9 2288
LIT Lithium Australia NL 0.057 $ 46,743,666.62 14 12 8 68
FGR First Graphene Ltd 0.225 $ 131,423,496.25 61 67 7 58
PUR Pursuit Minerals 0.015 $ 10,625,271.03 25 168 7 130
DEV Devex Resources Ltd 0.305 $ 71,355,613.60 39 165 7 281
PLS Pilbara Min Ltd 0.73 $ 1,581,647,097.99 74 181 7 143
LPD Lepidico Ltd 0.0085 $ 41,485,880.30 6 21 6 -43
LTR Liontown Resources 0.27 $ 502,522,763.40 13 116 6 187
AVZ AVZ Minerals Ltd 0.094 $ 268,228,859.75 22 47 6 119
TLG Talga Group Ltd 1.98 $ 517,269,585.30 77 371 6 340
ALY Alchemy Resource Ltd 0.02 $ 13,444,869.06 0 36 5 71
LEG Legend Mining 0.105 $ 257,110,629.22 -19 -30 5 144
GXY Galaxy Resources 2.15 $ 884,475,370.08 56 180 4 135
AXE Archer Materials 0.535 $ 119,163,369.38 19 -18 4 312
RFR Rafaella Resources 0.083 $ 7,927,917.83 -9 8 4 3
BHP BHP Group Limited 38.43 $ 112,148,562,569.58 14 11 4 1
LPI Lithium Pwr Int Ltd 0.28 $ 69,698,684.30 56 124 4 10
MLX Metals X Limited 0.086 $ 79,839,413.90 10 -9 4 -22
FFX Firefinch Ltd 0.15 $ 117,286,087.65 7 55 3 97
INF Infinity Lithium 0.15 $ 43,442,598.50 69 175 3 137
PNN PepinNini Minerals 0.165 $ 5,037,376.91 -6 -7 3 -7
GLN Galan Lithium Ltd 0.33 $ 67,569,050.90 164 128 3 106
MIN Mineral Resources. 31.98 $ 6,097,357,207.33 28 70 3 106
JRL Jindalee Resources 0.82 $ 35,986,692.63 9 178 3 227
PAN Panoramic Resources 0.1325 $ 266,618,820.52 26 46 2 -53
BSX Blackstone Ltd 0.35 $ 110,514,605.55 1 133 1 192
PLL Piedmont Lithium Ltd 0.385 $ 561,416,906.52 20 235 1 267
ESS Essential Metals Ltd 0.086 $ 15,223,235.21 -9 -28 1 -34
EMH European Metals Hldg 0.775 $ 89,827,215.94 65 230 1 150
HNR Hannans Ltd 0.007 $ 13,915,681.77 0 40 0 -22
ATM Aneka Tambang 1 $ 1,303,649.00 0 0 0 0
AJM Altura Mining Ltd 0.07 $ 209,037,029.25 0 59 0 17
CZN Corazon Ltd 0.003 $ 9,760,077.44 0 3 0 55
LML Lincoln Minerals 0.008 $ 4,599,869.49 0 60 0 33
INR Ioneer Ltd 0.27 $ 455,061,359.34 54 125 0 35
NMT Neometals Ltd 0.235 $ 133,611,060.17 24 38 0 34
BOA Boadicea Resources 0.235 $ 14,533,750.31 7 18 0 29
BKT Black Rock Mining 0.085 $ 64,527,284.37 57 60 0 69
EGR Ecograf Limited 0.175 $ 63,697,684.40 17 169 0 84
SBR Sabre Resources 0.011 $ 13,757,108.84 57 267 0 267
SLZ Sultan Resources Ltd 0.245 $ 16,688,253.36 -2 81 0 322
NIC Nickel Mines Limited 1.05 $ 2,298,347,613.36 16 93 0 72
CTM Centaurus Metals Ltd 0.58 $ 195,514,296.00 8 115 -1 176
MRC Mineral Commodities 0.35 $ 159,632,049.85 9 67 -1 40
GME GME Resources Ltd 0.057 $ 32,298,281.94 39 62 -2 6
G88 Golden Mile Res Ltd 0.055 $ 6,396,953.06 -11 25 -2 34
GAL Galileo Mining Ltd 0.23 $ 30,766,759.08 2 5 -2 18
SRI Sipa Resources Ltd 0.07 $ 12,803,569.06 -7 37 -3 -14
MNS Magnis Energy Tech 0.175 $ 127,271,663.64 -8 127 -3 67
IGO IGO Limited 4.77 $ 2,770,838,089.46 7 -5 -3 -19
AZS Azure Minerals 0.93 $ 219,863,355.30 158 879 -3 675
ARL Ardea Resources Ltd 0.45 $ 60,005,173.54 -2 48 -3 -27
MCR Mincor Resources NL 0.945 $ 416,315,424.82 -1 31 -4 55
AML Aeon Metals Ltd. 0.13 $ 91,471,913.15 8 57 -4 24
VR8 Vanadium Resources 0.025 $ 8,982,658.51 -4 47 -4 -24
SGQ St George Min Ltd 0.12 $ 60,425,205.12 -14 20 -4 -11
VUL Vulcan Energy 2.3 $ 177,304,480.40 85 539 -4 1433
TNG TNG Limited 0.091 $ 111,524,883.82 -21 75 -4 -4
POS Poseidon Nick Ltd 0.067 $ 182,346,426.34 -1 116 -4 37
TON Triton Min Ltd 0.044 $ 51,051,063.02 0 -15 -4 22
PGM Platina Resources 0.044 $ 17,779,805.69 2 76 -4 120
ESR Estrella Res Ltd 0.11 $ 90,588,887.97 -24 1122 -4 900
ARR American Rare Earths 0.105 $ 30,191,959.20 7 400 -5 495
PM1 Pure Minerals Ltd 0.037 $ 35,053,007.85 6 147 -5 106
COB Cobalt Blue Ltd 0.099 $ 23,269,160.18 -6 -18 -6 -29
RXL Rox Resources 0.049 $ 102,291,423.15 -9 96 -6 123
ASN Anson Resources Ltd 0.03 $ 23,503,532.07 7 -36 -6 3
CLQ Clean Teq Hldgs Ltd 0.27 $ 202,057,255.35 0 38 -7 17
AOU Auroch Minerals Ltd 0.165 $ 39,372,080.96 22 143 -8 117
BUX Buxton Resources Ltd 0.064 $ 8,707,547.65 -4 -19 -9 -10
MOH Moho Resources 0.105 $ 7,494,653.60 -5 40 -9 119
IPT Impact Minerals 0.021 $ 37,356,694.75 0 45 -9 250
AUZ Australian Mines Ltd 0.0145 $ 55,460,353.90 0 61 -9 -3
QXR Qx Resources Limited 0.015 $ 8,006,434.83 -25 -6 -12 -12
BAR Barra Resources 0.03 $ 21,005,851.13 -3 67 -12 20
GED Golden Deeps 0.014 $ 7,555,669.79 -7 75 -13 -46
TKL Traka Resources 0.021 $ 11,142,231.50 -5 135 -13 165
BEM Blackearth Minerals 0.041 $ 6,317,408.29 -16 5 -13 -21
VMC Venus Metals Cor Ltd 0.205 $ 31,726,523.43 -11 14 -15 5
AQD Ausquest Limited 0.017 $ 12,191,988.26 -35 31 -15 31
GBR Greatbould Resources 0.049 $ 9,402,988.50 -18 76 -17 2
ADV Ardiden Ltd 0.019 $ 44,584,299.56 -53 375 -17 533
CWX Carawine Resources 0.245 $ 27,222,475.50 -23 36 -18 17
CNJ Conico Ltd 0.036 $ 25,308,464.41 20 414 -20 177
TMT Technology Metals 0.33 $ 43,984,500.00 -5 87 -23 143
MLS Metals Australia 0.0015 $ 6,286,355.36 -25 -25 -25 0
STK Strickland Metals 0.058 $ 37,809,136.89 -30 346 -50 287

 

Lake Resources (ASX:LKE) took the lead position in Stockhead’s battery metals weekly top 10 after samples of high purity lithium carbonate produced from its Kachi brines were sent to Canada’s Novonix Battery Technology Solutions for the manufacture of lithium-ion battery test cells.

The company’s lithium carbonate will be used with commercial battery cathode precursor materials to form a NMC622 cathode that will be processed into batteries for testing.

This will allow Lake and its potential partners and customers to make direct and relevant comparisons of Kale’s lithium product’s performance in familiar battery chemistries.

Meanwhile, Bass Metals (ASX:BSM) could benefit from a Madagascar government electrification project that is underway between the capital Antananarivo and the port city of Tamatave.

Once complete, the project will allow the company to access mains power via construction of a power line to its Graphmada Mining Complex.

Bass also continues to field significant interest for concentrates from the project.

Australian Vanadium (ASX:AVL) has been keeping busy with the signing of a memorandum of understanding with Singaporean vanadium redox flow battery (VRFB) manufacturer V-Flow Tech early this week and reaching a deal for the supply of green hydrogen last week.

The V-Flow Tech agreement will allow for formal agreements relating to the sales, service and maintenance of V-Flow’s batteries in Australia, the offtake of vanadium pentoxide to support V-Flow’s global battery sales, and manufacture and supply of vanadium electrolyte for VRFB installations in Australia.

Separately, it has signed an MoU with ATCO Australia for the supply of green hydrogen that will be introduced into the gas pipeline for vanadium processing, which could deliver reduced carbon emissions.

 

At Stockhead we tell it like it is. While Australian Vanadium is a Stockhead advertiser, it did not sponsor this article.