Active restocking by battery manufacturers has sent prices of battery-grade lithium chemicals soaring thanks to tight supplies.
Fastmarkets noted that domestic Chinese lithium hydroxide prices climbed 4.1 per cent in a week to between 73,000 yuan ($A14,575.70) and 78,000 yuan per tonne while lithium carbonate was up 2.9 per cent to between 88,000 yuan and 92,000 yuan per tonne.
And lithium demand may well go higher with at least one consumer noting that lithium producers were increasingly less willing to sell because of the rapid rally in prices.
Prices of battery-grade lithium also increased in Europe and the US with the lithium hydroxide pricing climbing 50c per kilogram to between $US12 and $US13.50 per kg.
In March, 69 stocks on our list recorded gains while 40 took a trip down.
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths and vanadium are performing>>>
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CODE | COMPANY | Price | 1 MONTH RETURN % | 6 MONTH RETURN % | 1 YEAR RETURN % | 1 WEEK RETURN % | MARKET CAP |
---|---|---|---|---|---|---|---|
ARN | Aldoro Resources | 0.33 | 38 | 61 | 230 | 200 | 21,445,453 |
VR8 | Vanadium Resources | 0.059 | 23 | 44 | 127 | 490 | 24,328,033 |
BEM | Blackearth Minerals | 0.16 | 19 | 14 | 176 | 344 | 25,592,772 |
GED | Golden Deeps | 0.013 | 18 | 30 | -13 | 63 | 8,523,366 |
JRL | Jindalee Resources | 1.9 | 16 | 22 | 303 | 502 | 88,755,861 |
GLN | Galan Lithium Ltd | 0.635 | 15 | 46 | 331 | 310 | 150,153,035 |
ALY | Alchemy Resource Ltd | 0.015 | 15 | 15 | -25 | 28 | 9,411,408 |
CHN | Chalice Mining Ltd | 5.92 | 13 | 45 | 128 | 976 | 1,888,199,581 |
PGM | Platina Resources | 0.055 | 12 | 25 | 17 | 244 | 22,660,911 |
GXY | Galaxy Resources | 2.8 | 11 | 27 | 143 | 249 | 1,369,322,036 |
LKE | Lake Resources | 0.34 | 10 | -3 | 457 | 871 | 336,002,842 |
STK | Strickland Metals | 0.023 | 10 | -8 | -68 | 53 | 9,686,485 |
MNS | Magnis Energy Tech | 0.33 | 8 | 8 | 78 | 523 | 280,835,757 |
TLG | Talga Group Ltd | 1.32 | 7 | 8 | 69 | 378 | 394,198,878 |
PAN | Panoramic Resources | 0.15 | 7 | 11 | 58 | 54 | 276,873,391 |
CXO | Core Lithium | 0.225 | 7 | 13 | 423 | 562 | 264,153,882 |
SRI | Sipa Resources Ltd | 0.064 | 7 | 19 | -11 | 8 | 11,380,950 |
DEV | Devex Resources Ltd | 0.25 | 6 | 16 | -12 | 410 | 72,076,729 |
QXR | Qx Resources Limited | 0.018 | 6 | 6 | 6 | 38 | 8,540,197 |
LTR | Liontown Resources | 0.455 | 6 | -2 | 117 | 550 | 798,230,550 |
WKT | Walkabout Resources | 0.19 | 6 | 27 | -7 | 65 | 66,335,393 |
PLS | Pilbara Min Ltd | 1.1 | 6 | 13 | 262 | 461 | 3,143,131,761 |
MRC | Mineral Commodities | 0.305 | 5 | -16 | -5 | 53 | 145,997,303 |
OZL | OZ Minerals | 24.52 | 5 | 15 | 76 | 247 | 7,708,092,075 |
MIN | Mineral Resources. | 39.85 | 5 | 3 | 61 | 164 | 7,294,645,704 |
LYC | Lynas Rare Earths | 6.3 | 5 | 4 | 153 | 403 | 5,550,644,047 |
AUZ | Australian Mines Ltd | 0.021 | 5 | 2 | 43 | 115 | 79,229,077 |
FFX | Firefinch Ltd | 0.225 | 5 | 15 | 45 | 309 | 168,185,392 |
ORE | Orocobre Limited | 5.03 | 5 | 18 | 93 | 143 | 1,696,699,295 |
RFR | Rafaella Resources | 0.115 | 5 | 20 | 44 | 92 | 14,709,141 |
LEG | Legend Mining | 0.125 | 4 | -4 | -11 | -17 | 344,391,965 |
ADD | Adavale Resource Ltd | 0.052 | 4 | 4 | 58 | 225 | 13,705,569 |
IXR | Ionic Rare Earths | 0.056 | 4 | 12 | 250 | 1300 | 178,550,373 |
QPM | Queensland Pacific | 0.087 | 4 | -4 | 211 | 770 | 101,960,729 |
PRL | Province Resources | 0.145 | 4 | 79 | 1073 | 4004 | 119,366,075 |
ESR | Estrella Res Ltd | 0.059 | 4 | -16 | 321 | 883 | 56,301,564 |
ARL | Ardea Resources Ltd | 0.475 | 3 | -1 | 3 | 116 | 58,728,468 |
VML | Vital Metals Limited | 0.07 | 3 | 1 | 150 | 1067 | 277,127,618 |
CNJ | Conico Ltd | 0.035 | 3 | 30 | 94 | 600 | 29,122,757 |
ARU | Arafura Resource Ltd | 0.18 | 3 | -14 | 114 | 240 | 204,886,634 |
PSC | Prospect Res Ltd | 0.195 | 3 | 22 | 18 | 117 | 63,097,170 |
MLX | Metals X Limited | 0.21 | 2 | 14 | 200 | 223 | 185,989,544 |
SYR | Syrah Resources | 1.11 | 2 | 1 | 148 | 414 | 542,506,564 |
GAL | Galileo Mining Ltd | 0.225 | 2 | -33 | 13 | 25 | 30,051,253 |
ARR | American Rare Earths | 0.096 | 2 | 12 | 52 | 700 | 31,101,366 |
IGO | IGO Limited | 6.48 | 1 | 2 | 56 | 45 | 4,755,641,866 |
MCR | Mincor Resources NL | 0.98 | 1 | 2 | 18 | 96 | 423,224,589 |
BHP | BHP Group Limited | 45.93 | 0 | -5 | 27 | 51 | 134,478,116,136 |
BKT | Black Rock Mining | 0.125 | 0 | 0 | 116 | 353 | 85,932,283 |
PNN | PepinNini Minerals | 0.33 | 0 | -8 | 128 | 271 | 12,896,288 |
HAS | Hastings Tech Met | 0.19 | 0 | 9 | 58 | 175 | 279,196,399 |
TON | Triton Min Ltd | 0.043 | 0 | -16 | -17 | 79 | 47,647,659 |
TKL | Traka Resources | 0.017 | 0 | 0 | -11 | 471 | 8,609,906 |
NMT | Neometals Ltd | 0.39 | 0 | 10 | 105 | 144 | 204,506,725 |
POS | Poseidon Nick Ltd | 0.061 | 0 | -9 | 17 | 91 | 168,564,891 |
ESS | Essential Metals Ltd | 0.11 | 0 | 10 | 0 | 22 | 21,085,817 |
LML | Lincoln Minerals | 0.008 | 0 | 0 | 0 | 60 | 4,599,869 |
AJM | Altura Mining Ltd | 0.07 | 0 | 0 | 0 | 106 | 209,037,029 |
ATM | Aneka Tambang | 1 | 0 | 0 | 0 | 0 | 1,303,649 |
CZN | Corazon Ltd | 0.051 | 0 | -4 | 2 | 32 | 10,152,707 |
BSM | Bass Metals Ltd | 0.009 | 0 | 50 | 200 | 200 | 34,184,244 |
HWK | Hawkstone Mng Ltd | 0.042 | 0 | 14 | 223 | 950 | 71,914,772 |
AQD | Ausquest Limited | 0.02 | 0 | 5 | -33 | 67 | 14,995,512 |
TNG | TNG Limited | 0.1 | 0 | 10 | -3 | 112 | 131,197,189 |
RLC | Reedy Lagoon Corp. | 0.023 | 0 | 10 | 77 | 1050 | 10,334,143 |
ASN | Anson Resources Ltd | 0.08 | 0 | 19 | 233 | 371 | 69,720,896 |
VRC | Volt Resources Ltd | 0.016 | 0 | 7 | 45 | 167 | $35,704,921.52 |
AVL | Aust Vanadium Ltd | 0.025 | 0 | 25 | 92 | 213 | $70,323,811.54 |
COB | Cobalt Blue Ltd | 0.365 | -1 | -8 | 324 | 306 | $94,428,801.86 |
NIC | Nickel Mines Limited | 1.31 | -1 | 5 | 95 | 194 | $3,181,511,749.52 |
AZS | Azure Minerals | 0.31 | -2 | 3 | 44 | 417 | $97,047,002.12 |
AOU | Auroch Minerals Ltd | 0.25 | -2 | 4 | 273 | 456 | $71,591,678.60 |
VUL | Vulcan Energy | 5.92 | -2 | -2 | 415 | 3283 | $648,009,463.68 |
EGR | Ecograf Limited | 0.61 | -2 | -9 | 190 | 1096 | $288,914,496.47 |
SLZ | Sultan Resources Ltd | 0.2 | -2 | 11 | -2 | 167 | $13,906,877.80 |
TMT | Technology Metals | 0.35 | -3 | 6 | 32 | 407 | $54,801,607.35 |
BUX | Buxton Resources Ltd | 0.069 | -3 | -7 | -14 | 57 | $9,387,824.81 |
PLL | Piedmont Lithium Ltd | 0.87 | -3 | 11 | 134 | 1057 | $1,440,756,547.80 |
GME | GME Resources Ltd | 0.061 | -3 | -12 | 42 | 64 | $33,412,015.80 |
LPI | Lithium Pwr Int Ltd | 0.26 | -4 | 13 | 49 | 73 | $77,925,614.78 |
AXE | Archer Materials | 0.88 | -4 | -2 | 83 | 433 | $192,131,064.10 |
HXG | Hexagon Energy | 0.095 | -4 | 0 | 58 | 126 | $36,116,672.30 |
JRV | Jervois Mining | 0.47 | -4 | 4 | 57 | 224 | $385,099,694.40 |
REE | Rarex Limited | 0.115 | -4 | -12 | -28 | 667 | $47,700,752.44 |
IPT | Impact Minerals | 0.023 | -4 | -4 | 0 | 229 | $39,179,501.70 |
BOA | Boadicea Resources | 0.22 | -4 | 0 | -5 | 26 | $13,672,064.12 |
BAR | Barra Resources | 0.02 | -5 | 0 | -9 | 43 | $14,229,770.12 |
NTU | Northern Min Ltd | 0.04 | -5 | -2 | 33 | 54 | $193,653,718.64 |
INR | Ioneer Ltd | 0.375 | -5 | -1 | 121 | 357 | $701,677,317.71 |
CLA | Celsius Resource Ltd | 0.037 | -5 | -10 | 28 | 311 | $34,328,505.16 |
SYA | Sayona Mining Ltd | 0.037 | -5 | 41 | 281 | 444 | $140,142,481.53 |
VMC | Venus Metals Cor Ltd | 0.18 | -5 | -10 | -31 | 13 | $27,194,162.94 |
INF | Infinity Lithium | 0.18 | -5 | 13 | 120 | 375 | $78,517,638.42 |
GBR | Greatbould Resources | 0.034 | -6 | -11 | -30 | 32 | $9,690,302.06 |
ADV | Ardiden Ltd | 0.017 | -6 | 6 | -29 | 467 | $38,597,726.41 |
SGQ | St George Min Ltd | 0.082 | -6 | -11 | -22 | 5 | $39,276,383.33 |
PAM | Pan Asia Metals | 0.16 | -6 | 7 | $8,412,737.12 | ||
FGR | First Graphene Ltd | 0.21 | -7 | -13 | 56 | 75 | $115,143,672.05 |
MAN | Mandrake Res Ltd | 0.14 | -7 | -18 | 119 | 1300 | $48,051,376.24 |
CTM | Centaurus Metals Ltd | 0.725 | -7 | 1 | 42 | 625 | $238,861,663.18 |
AML | Aeon Metals Ltd. | 0.091 | -7 | -9 | -21 | 42 | $61,658,845.16 |
EUR | European Lithium Ltd | 0.062 | -7 | 7 | 32 | 55 | $57,403,874.16 |
RXL | Rox Resources | 0.032 | -8 | -3 | -30 | 118 | $89,836,338.73 |
MOH | Moho Resources | 0.082 | -8 | 4 | -25 | 9 | $8,347,669.81 |
BSX | Blackstone Ltd | 0.39 | -8 | -8 | -11 | 271 | $129,098,715.05 |
LPD | Lepidico Ltd | 0.022 | -8 | 10 | 214 | 123 | $114,133,837.20 |
SBR | Sabre Resources | 0.055 | -8 | 10 | -45 | 450 | $8,415,318.25 |
PUR | Pursuit Minerals | 0.08 | -9 | 45 | 681 | 2762 | $58,110,316.22 |
CWX | Carawine Resources | 0.25 | -11 | -31 | 1 | 79 | $27,222,475.50 |
HNR | Hannans Ltd | 0.008 | -11 | 0 | 33 | 100 | $21,239,794.73 |
AVZ | AVZ Minerals Ltd | 0.185 | -12 | -5 | 189 | 278 | $549,131,383.25 |
EMH | European Metals Hldg | 1.45 | -12 | -3 | 226 | 663 | $191,183,548.38 |
G88 | Golden Mile Res Ltd | 0.105 | -13 | 110 | 72 | 320 | $15,987,107.72 |
LIT | Lithium Australia NL | 0.105 | -13 | -19 | 106 | 169 | $98,745,838.51 |
AGY | Argosy Minerals Ltd | 0.086 | -13 | -14 | 69 | 177 | $110,023,909.95 |
S2R | S2 Resources | 0.145 | -15 | -3 | -46 | 73 | $50,382,588.64 |
RNU | Renascor Res Ltd | 0.105 | -19 | 50 | 855 | 2000 | $191,568,130.91 |
MLS | Metals Australia | 0.002 | -20 | 0 | 0 | 100 | $10,477,258.94 |
WEEKLY SMALL CAP STANDOUTS
Aldoro Resources (ASX:ARN) +38%
Shares in the company climbed after internationally renowned geologist Dr Minlu Fu joined the company as a technical advisor for the Narndee nickel and platinum group metals project.
Adding interest, Dr Fu and his associates have demonstrated their belief in the project by committing to a $2m placement priced at 20c per ARN share.
Narndee is a large layered mafic-ultramafic complex where Aldoro has identified 16 major high-value targets within the core area that correlate well with historical surface geochemistry.
Vanadium Resources (ASX:VR8) +23%
The company is acquiring up to a 74 per cent interest in an ESG integrated extraction, processing, refining, and manufacturing technology developed by TCM Research that uses existing processing methodologies to produce battery grade vanadium pentoxide and high-end vanadium products.
Importantly for Vanadium Resources, the processing technology is carbon efficient and produces hydrogen, which could be used for power generation and sold as a byproduct.
Blackearth Minerals (ASX:BEM) +19%
Blackearth shares gained over the past week as its large scale pilot test program, which is operating two weeks ahead of schedule, returned outstanding test results.
Initial results have already confirmed earlier Stage 1 results with grades of over 95 per cent fixed carbon content that confirm that the Mainry project’s graphite product potential is suitable for downstream processing and feed for the electric vehicle market.
To top it off, analysis of the jumbo and large flake results indicate that about 20 per cent of the graphite concentrate yields are of high value jumbo flake size that is in short supply globally.
Drilling at the company’s Khusib Springs copper deposit in Namibia has been extended to include the historical, high-grade Nosib copper-vanadium mine.
Drilling will test copper mineralisation on the contact zone but will also test for mineralisation in the footwall sandstone where mineralisation was mapped along an exploratory underground drive that extends to the south for 50m.
Jindalee Resources (ASX:JRL) +16%
Jindalee has increased the scale of its McDermitt lithium project in the US after staking 271 new claims that are highly prospective for lithium.
The new claims take the total area covered up to 54.6sqkm and increase the potential development options at the project.
A recent drilling program confirmed that mineralisation extends west and scattered outcrops of the sediments which host the lithium mineralisation at McDermitt have been observed on the new claims.