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

 

Chinese lithium carbonate prices soared in 2021 on the back of a rise in demand for lithium iron phosphate (LFP) batteries in the country.

Transacted prices in China started to breach the RMB 200,000/tonne mark in November, marking a historical milestone for lithium pricing and setting a precedent for expectations of global lithium prices going into 2022.

Battery grade lithium carbonate ended the year at an average price of RMB 250,000/tonne ($39,250) – well above any previous records, Benchmark Mineral Intelligence says.

 

Analysts such as RK Equity partner Rodney Hooper expect demand for battery metals in 2022 will only intensify as the world moves towards clean energy and decarbonisation.

Despite the rise of LFP batteries — which dont use nickel or cobalt —  Benchmark Mineral Intelligence said “nickel prices hit a seven year high in 2021 along with a stronger-than-expected recovery in stainless-steel production and robust growth in the battery sector pushed the market into a deficit.”

Cobalt prices are also back in, according to the London-based forecasting agency, following a three-year high during the year – as are graphite with prices beginning to reflect the growth in demand for battery anodes.

 

Battery metals winners and losers

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

CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
1MC Morella Corporation 0.019 73% -70% -70% -70% $92,415,851.75
NMT Neometals Ltd 1.63 49% 39% 237% 524% $781,436,364.30
RNU Renascor Res Ltd 0.1775 48% 61% 150% 1514% $283,395,524.85
ASN Anson Resources Ltd 0.1425 30% 24% 110% 391% $137,888,902.80
MNS Magnis Energy Tech 0.58 27% 25% 107% 190% $562,669,927.13
AVZ AVZ Minerals Ltd 0.87 23% 41% 427% 412% $2,667,257,887.00
RLC Reedy Lagoon Corp. 0.038 23% 12% 138% 171% $18,623,745.82
FFX Firefinch Ltd 0.915 22% 13% 132% 408% $1,019,087,813.00
WKT Walkabout Resources 0.25 22% 32% 16% 100% $96,415,271.33
AGY Argosy Minerals Ltd 0.335 22% 34% 219% 319% $405,289,768.64
COB Cobalt Blue Ltd 0.505 22% 35% 68% 181% $149,236,430.81
EUR European Lithium Ltd 0.1375 20% 20% 150% 206% $143,882,158.81
ESS Essential Metals Ltd 0.215 19% 26% 105% 162% $47,101,441.92
LPI Lithium Pwr Int Ltd 0.485 17% 7% 131% 120% $160,434,130.08
CXO Core Lithium 0.63 17% 20% 157% 334% $987,037,460.32
PLS Pilbara Min Ltd 3.44 16% 40% 136% 295% $9,525,748,854.40
MRC Mineral Commodities 0.115 16% 19% -43% -69% $58,848,969.74
LKE Lake Resources 1.09 15% 36% 216% 1393% $1,233,719,408.65
INF Infinity Lithium 0.19 15% 12% 65% 23% $76,606,549.36
AVL Aust Vanadium Ltd 0.032 14% 10% 68% 129% $95,160,864.07
QXR Qx Resources Limited 0.024 14% 14% 50% 71% $14,923,971.06
SYA Sayona Mining Ltd 0.1425 14% 10% 72% 1533% $916,747,848.25
VR8 Vanadium Resources 0.074 14% 19% 14% 139% $35,483,428.05
BKT Black Rock Mining 0.25 14% 39% 67% 160% $208,474,934.40
LTR Liontown Resources 1.735 13% 11% 120% 475% $3,626,113,387.30
GW1 Greenwing Resources 0.455 12% -6% 82% 160% $50,910,019.85
AKE Allkem Limited 11.04 12% 20% 67% 147% $6,630,266,094.40
TLG Talga Group Ltd 1.725 12% 19% 30% 6% $496,668,365.97
INR Ioneer Ltd 0.8325 12% 31% 138% 197% $1,640,438,719.20
VRC Volt Resources Ltd 0.029 12% 7% -17% 190% $74,935,760.34
AUZDA Australian Mines Ltd 0.2 11% -5% -13% 28% $88,222,961.76
LPD Lepidico Ltd 0.04 11% -2% 233% 300% $236,405,169.50
CLA Celsius Resource Ltd 0.021 11% -13% -38% -54% $21,079,561.62
JRL Jindalee Resources 2.23 9% -1% -10% 181% $119,028,725.20
ADV Ardiden Ltd 0.012 9% 4% 50% -33% $23,851,688.92
TON Triton Min Ltd 0.037 9% -5% 6% -27% $44,739,387.11
BEM Blackearth Minerals 0.125 9% 14% 25% 178% $26,117,432.04
CNJ Conico Ltd 0.038 9% 0% 31% 31% $36,007,735.46
TNG TNG Limited 0.084 8% 8% 35% -7% $111,073,457.76
PSC Prospect Res Ltd 0.81 7% 17% 224% 376% $340,676,210.33
MIN Mineral Resources. 58.98 7% 32% 6% 57% $10,575,611,816.00
EGR Ecograf Limited 0.715 7% 4% 12% 321% $303,975,084.83
QPM Queensland Pacific 0.18 6% 0% 13% 445% $254,613,666.62
VUL Vulcan Energy 10.95 6% 10% 37% 297% $1,368,719,019.20
AXE Archer Materials 1.2 6% 5% 18% 133% $278,513,107.88
AML Aeon Metals Ltd. 0.04 5% 0% -47% -62% $33,766,546.63
LIT Lithium Australia NL 0.12 4% 9% 9% 82% $118,285,953.19
JRV Jervois Global Ltd 0.5975 4% 11% 10% 68% $895,505,458.58
PUR Pursuit Minerals 0.027 4% -7% -62% 29% $25,529,828.24
EMH European Metals Hldg 1.38 3% 1% -14% 20% $167,818,634.85
CZN Corazon Ltd 0.038 3% 9% -7% -5% $11,602,067.55
PLL Piedmont Lithium Inc 0.76 3% -5% -28% 108% $405,674,871.00
FGR First Graphene Ltd 0.21 2% -7% -24% -16% $115,567,407.06
SRL Sunrise 1.815 1% 1% 0% -21% $160,753,314.02
ARR American Rare Earths 0.165 0% 6% 90% 88% $64,410,407.16
LML Lincoln Minerals 0.008 0% 0% 0% 0% $4,599,869.49
TKL Traka Resources 0.013 0% 0% -24% -38% $8,087,402.62
GLN Galan Lithium Ltd 1.91 -1% 27% 109% 396% $574,265,540.67
PRL Province Resources 0.1475 -2% -2% 2% 1035% $163,800,672.60
TMT Technology Metals 0.295 -3% -8% -12% -9% $59,061,803.10
GSR Greenstone Resources 0.027 -4% -4% 42% 4% $20,984,045.91
GED Golden Deeps 0.0115 -4% -12% -23% 15% $9,310,217.28
ARL Ardea Resources Ltd 0.465 -5% -11% -9% 25% $63,861,900.74
GME GME Resources Ltd 0.058 -17% 2% 12% 16% $38,609,399.53
MLS Metals Australia 0.0015 -25% -25% 0% -25% $10,477,114.72
GXY Galaxy Resources 0 -100% -100% -100% -100% $2,715,139,305.12

 

Weekly standouts

NEOMETALS (ASX:NMT) + 49%

Big gainers this week on no news include NMT, whose battery recycling arm – Primobius — signed a deal to licence its recycling tech into North America with leading Canadian steelmaker Stelco (TSX:STLC) at the end of December, 2021.

Stelco plans to secure large volumes of end-of-life EVs for scrap steel and recycled lithium-ion batteries in a proposed 50 tonnes per day integrated operation. Primobius will get a gross revenue royalty.

Neometals was one of 2021’s best performing resource stocks and continues to progress its work streams in Portugal on a lithium refinery, its Barrambie titanium-vanadium Project in Western Australia, and at a vanadium recovery project in Scandinavia.

 

 

ARGOSY MINERALS (ASX:AGY) +22%

Argosy is continuing to progress work at its Rincon Lithium Project in the Salta Province of Argentina.

In a market announcement today, the company announced that around 53% of activities have now been completed for the development of the modular 2,000tpa lithium carbonate production operation.

AGY says it remains on schedule to achieve first production of 99.5% battery quality lithium carbonate product from mid-2022.

FIREFINCH (ASX:FFX) + 22%

ASX-listed gold miner and lithium developer Firefinch revealed that a final investment decision had been approved for the Goulamina Lithium Project in Mali, West Africa with project partners Jiangxi Ganfeng Lithium (Ganfeng).

Goulamina is expected to produce 506,000t of spodumene per annum initially before ramping up to a peak of 880,000t, which is expected about 18 months after the commissioning of the first stage.

Funding for stage 2 will be disclosed once the JV is online.

Drilling is currently underway to convert much of the current inferred resource of 43.7Mt grading 1.53% lithium oxide to ore reserves.
Early-stage engineering works, sterilisation drilling and site-based activities are underway.

FFX released an updated definitive feasibility study in early December, which highlighted estimated returns had more than doubled those previously recorded.

Following the DFS update, the capital cost for the 2.3 million tonnes per annum operation (Stage 1) increased from US$194 million to US$255 million.

Goulamina is also set to generate pre-tax net present value (NPV) of $4.1bn and post-tax internal rate of return (IRR) of 83%. Both NPV and IRR are measures of a project’s profitability.