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

 

Lithium carbonate prices are going gangbusters off the back of limited supply and stable lithium-ion battery demand in China.

Benchmark Mineral Intelligence’s mid-October lithium price assessment saw battery grade carbonate up 15.6% in two weeks and upper-range LiOH prices nearing $30/kg.

And despite the slowdown during Golden Week celebrations – and the mad queues to recharge EVs – the domestic price continues to rally and availability is tightening globally as major producers begin contract discussions for 2022.

Things are looking rosy for big producers like Albemarle who’re entering contract negotiating season as prices sit 3-4x higher than last year.

Then there’s nickel – which surged past $20,000 a tonne this month after it reached a seven-year high of $20,426 last month.

The price is currently sitting around $20,210 and Trading Economics analysts attribute this price to production curbs caused by power shortages in Asia and Europe.

Earlier this month Kosovo’s major nickel producer Newco Ferronikeli shut down production due to soaring energy prices.

Added to this, inventories in LME warehouses declined to 149,412 tonnes – that’s the lowest since December 2019.

Trading Economics reckons the metal could reach US$20,519.49 a tonne by the end of this quarter and could reach US$21,942.17 within 12 months.

LME Nickel Price Graph

Demand for cobalt has also benefited from growth in the EV sector, but Fastmarkets says that second generation lithium iron phosphate (LFP) batteries have become increasingly popular in China with the market share climbing to 52% in the first eight months of 2021, up from 39% in 2020 and 33% in 2019.

Basically, this means slower demand growth for cobalt which is used in smaller amounts in LFPs.

But this could be a boon for the metal, reducing the chances of shortages with the supply chain still constrained out of Africa due to landlocked deposits like the giant Mutanda mine in the Democratic Republic of the Congo which isn’t set to restart until 2022-23.

Fastmarkets reckons the supply should be able to grow with demand.

And the price for cobalt is currently around US$56,071 per tonne, up from between US$50,093-$53,000 in the month to September.

 

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % SHARE PRICE [INTRADAY MONDAY] MARKET CAP
AZL Arizona Lithium 94 138 132 692 0.095 $ 137,622,511.52
BUX Buxton Resources 72 72 62 28 0.115 $ 9,387,824.81
TNG TNG Limited 52 60 30 14 0.125 $ 131,197,189.20
QXR Qx Resources Limited 50 125 50 59 0.027 $ 19,990,869.63
LKE Lake Resources 49 43 181 1375 0.87 $ 1,062,055,777.22
PNN PepinNini Minerals 42 24 100 177 0.54 $ 21,431,426.68
INF Infinity Lithium 40 75 11 119 0.21 $ 72,254,428.58
PVW PVW Res 40 115 200 180 0.42 $ 30,479,625.00
AGY Argosy Minerals 33 84 210 448 0.285 $ 312,567,926.00
CAE Cannindah Resources 32 133 302 1014 0.245 $ 121,937,265.54
EUR European Lithium 29 29 90 186 0.12 $ 111,424,488.42
LOT Lotus Resources 28 26 171 301 0.3525 $ 318,108,500.16
PAM Pan Asia Metals 26 22 311 259 0.575 $ 42,722,013.52
BSX Blackstone 24 48 90 78 0.675 $ 218,516,601.60
VUL Vulcan Energy 21 3 96 1107 13.94 $ 1,658,145,468.07
BOA Boadicea Resources 20 17 -23 0 0.21 $ 15,539,979.00
ARR American Rare Earths 20 24 121 75 0.21 $ 67,237,623.57
GLN Galan Lithium 19 29 57 819 1.24 $ 325,297,652.63
RLC Reedy Lagoon Corp. 19 7 35 138 0.031 $ 14,040,680.32
IXR Ionic Rare Earths 16 26 -9 207 0.043 $ 132,303,581.05
AAJ Aruma Resources 16 9 33 -15 0.096 $ 10,706,727.76
NTU Northern Min 15 23 29 47 0.053 $ 242,375,398.30
SRL Sunrise 13 21 -6 -26 2.04 $ 177,414,021.63
MNS Magnis Energy Tech 13 24 10 108 0.385 $ 357,832,300.21
LPI Lithium Pwr Int 13 56 59 121 0.43 $ 153,458,733.12
COB Cobalt Blue 12 36 13 295 0.435 $ 122,383,707.27
LEL Lithenergy 11 23 0.69 $ 30,150,000.00
LIT Lithium Australia NL 10 6 6 160 0.1325 $ 124,888,951.75
ARN Aldoro Resources 10 2 26 344 0.44 $ 37,133,707.38
INR Ioneer 9 11 99 256 0.695 $ 1,313,895,861.69
JRV Jervois Global 8 17 42 112 0.6075 $ 901,491,557.89
AUZ Australian Mines 8 13 18 77 0.026 $ 107,588,977.85
BRB Breaker Res NL 8 25 38 57 0.33 $ 105,898,301.93
NIC Nickel Mines Limited 8 9 -15 9 1.065 $ 2,653,355,648.81
LTR Liontown Resources 8 30 355 595 1.695 $ 3,210,779,681.76
IGO IGO Limited 8 7 41 125 9.78 $ 7,231,907,614.15
CLA Celsius Resource 7 12 -28 -17 0.029 $ 30,369,614.35
TKL Traka Resources 7 15 -12 -35 0.015 $ 9,331,618.41
GME GME Resources 7 7 19 53 0.075 $ 43,955,316.39
ARL Ardea Resources 7 14 0 7 0.525 $ 73,158,136.07
MRD Mount Ridley Mines 7 50 7 150 0.0075 $ 39,246,503.66
JRL Jindalee Resources 7 0 -16 298 2.59 $ 128,226,399.42
TLG Talga Group 7 8 14 61 1.555 $ 460,909,457.12
GL1 Globallith 6 4 0.415 $ 37,369,876.32
RNU Renascor Res 6 -5 47 1225 0.1325 $ 245,247,740.92
ASN Anson Resources 6 0 20 143 0.09 $ 88,448,243.17
QEM QEM Limited 6 24 -23 64 0.18 $ 20,416,199.94
ORE Orocobre Limited 6 3 48 238 9.16 $ 5,833,359,111.90
AOU Auroch Minerals 6 9 -5 19 0.185 $ 53,901,539.10
HAS Hastings Tech Met 6 21 54 119 0.285 $ 469,383,100.56
CXO Core Lithium 6 42 125 1050 0.575 $ 969,599,098.13
GW1 Greenwing Resources 5 -3 -16 97 0.295 $ 32,355,260.85
ADD Adavale Resource 5 -9 7 88 0.06 $ 19,231,521.12
SYA Sayona Mining 5 -12 288 1576 0.1625 $ 1,098,609,343.52
DEV Devex Resources 5 6 14 32 0.33 $ 98,506,869.44
LEG Legend Mining 4 12 -39 -44 0.073 $ 206,635,179.08
G88 Golden Mile Res 4 6 -46 -21 0.05 $ 8,892,953.06
BEM Blackearth Minerals 4 -11 -11 136 0.125 $ 26,087,432.04
ILU Iluka Resources 3 4 30 84 9.59 $ 3,990,798,085.06
ESR Estrella Res 3 -8 -29 -75 0.036 $ 41,833,574.64
ATM Aneka Tambang 3 10 10 10 1.1 $ 1,434,013.90
CTM Centaurus Metals 3 13 59 76 1.11 $ 384,976,538.24
LYC Lynas Rare Earths 3 3 34 145 7.13 $ 6,172,495,029.36
VML Vital Metals Limited 3 -1 -1 105 0.0595 $ 245,763,501.96
REE Rarex Limited 3 5 -2 -24 0.1025 $ 44,256,133.99
HXG Hexagon Energy 2 21 -25 69 0.086 $ 37,465,161.47
PAN Panoramic Resources 2 12 52 114 0.235 $ 481,964,790.94
LPD Lepidico 2 6 20 231 0.0265 $ 159,956,743.67
AML Aeon Metals . 2 0 -35 -55 0.056 $ 47,410,992.26
RFR Rafaella Resources 1 -12 -28 -37 0.079 $ 14,877,908.60
S2R S2 Resources 1 2 -43 -67 0.089 $ 31,717,362.10
OZL OZ Minerals 1 13 4 58 25.29 $ 8,324,691,576.35
CHN Chalice Mining 1 -2 4 135 6.9 $ 2,424,685,296.60
PLS Pilbara Min 0 -3 87 454 2.09 $ 6,205,808,124.56
MLS Metals Australia 0 0 -33 0 0.002 $ 10,477,114.72
SLZ Sultan Resources 0 6 -5 -33 0.18 $ 12,516,190.02
TON Triton Min 0 -3 -26 -36 0.032 $ 36,302,978.14
WKT Walkabout Resources 0 0 -43 11 0.195 $ 82,954,311.77
MRC Mineral Commodities 0 3 -36 -55 0.15 $ 77,573,641.93
AJM Altura Mining 0 0 0 0 0.07 $ 238,056,602.28
LML Lincoln Minerals 0 0 0 0 0.008 $ 4,599,869.49
AQD Ausquest Limited 0 -6 -15 -39 0.017 $ 13,994,227.13
MMC Mitremining 0 0.225 $ 5,958,722.00
ALY Alchemy Resource 0 -5 -17 -42 0.013 $ 10,923,956.10
TMT Technology Metals 0 -8 6 9 0.37 $ 71,816,002.34
SYR Syrah Resources 0 -3 1 135 1.115 $ 558,582,889.76
CWX Carawine Resources 0 5 -22 -41 0.2 $ 23,411,328.93
VRC Volt Resources 0 0 55 182 0.031 $ 84,728,868.96
BKT Black Rock Mining 0 17 50 289 0.21 $ 183,003,319.24
FGR First Graphene 0 17 -25 31 0.21 $ 121,026,616.92
HNR Hannans 0 19 391 391 0.034 $ 77,879,247.34
NWC New World Resources 0 11 -21 61 0.079 $ 126,920,495.68
AZS Azure Minerals 0 4 13 -14 0.36 $ 113,053,538.17
VIA Viagold Rare Earth 0 852 2339 10426 2 $ 166,624,808.00
MIN Mineral Resources. 0 -7 -4 72 43.21 $ 7,436,921,309.18
STK Strickland Metals -1 81 335 -22 0.087 $ 96,212,112.39
PEK Peak Resources -1 -6 -12 129 0.08 $ 155,053,661.96
VR8 Vanadium Resources -1 22 55 204 0.079 $ 37,013,989.92
EGR Ecograf Limited -2 -12 6 274 0.635 $ 285,707,746.47
PRL Province Resources -2 9 -23 1089 0.1575 $ 175,097,270.71
SRI Sipa Resources -2 -15 -18 -33 0.056 $ 11,229,754.09
MCR Mincor Resources NL -2 7 42 38 1.375 $ 653,823,670.50
POS Poseidon Nick -2 3 68 18 0.1025 $ 321,715,750.23
BHP BHP Group -2 -2 -20 4 37.93 $ 111,076,964,984.10
RBX Resource Base -3 -7 459 459 0.19 $ 7,590,041.15
RXL Rox Resources -3 0 -32 -56 0.38 $ 60,678,931.39
PGM Platina Resources -3 13 31 42 0.071 $ 32,144,293.31
PUR Pursuit Minerals -3 -29 -55 150 0.035 $ 31,858,473.14
PSC Prospect Res -3 6 178 271 0.445 $ 168,750,355.40
ARU Arafura Resource -3 45 21 107 0.2175 $ 333,238,676.38
HYM Hyperion Metals -3 -14 3 205 0.99 $ 139,112,491.00
GED Golden Deeps -4 14 -4 -22 0.0125 $ 9,310,217.28
GAL Galileo Mining -4 -11 -14 4 0.24 $ 42,025,301.25
AVL Aust Vanadium -4 9 4 100 0.024 $ 78,739,811.54
SGQ St George Min -4 3 -21 -47 0.071 $ 42,421,747.46
BMM Balkanminingandmin -4 -4 0.68 $ 23,075,000.00
FFX Firefinch -4 -6 78 199 0.5975 $ 601,926,599.30
MOH Moho Resources -5 -3 -25 -50 0.058 $ 6,506,350.33
PLL Piedmont Lithium -5 17 -4 104 0.805 $ 438,791,187.00
AXE Archer Materials -6 -28 76 199 1.51 $ 368,447,115.96
ESS Essential Metals -6 -8 106 110 0.1975 $ 43,959,695.19
FRS Forrestania Resources -6 0.38 $ 10,378,500.00
IPT Impact Minerals -7 -18 -22 -36 0.014 $ 30,356,923.79
NKL Nickelx -7 -37 0.135 $ 7,490,000.00
NMT Neometals -7 0 84 373 0.875 $ 474,345,582.54
EMH European Metals Hldg -7 -8 -4 198 1.34 $ 171,721,393.80
MLX Metals X -8 8 69 354 0.3725 $ 335,688,444.79
VMC Venus Metals -8 6 -9 -36 0.17 $ 25,683,376.11
ADV Ardiden -8 -15 -31 -73 0.011 $ 23,686,688.92
NVA Nova Minerals -9 7 3 -18 0.155 $ 277,455,821.34
CHR Charger Metals -9 -25 0.41 $ 13,132,724.35
SBR Sabre Resources -9 0 -17 -44 0.005 $ 8,446,568.25
CNJ Conico -10 -34 31 90 0.038 $ 38,008,165.21
QPM Queensland Pacific -10 -2 147 503 0.235 $ 325,347,151.44
CZN Corazon -10 0 0 -54 0.037 $ 10,152,702.68
MAN Mandrake Resources -10 14 -61 7 0.064 $ 31,511,737.62
RMX Red Mountain Mining -10 -10 -18 -40 0.009 $ 13,180,124.72
GBR Great Boulder Resources -10 20 400 144 0.18 $ 69,660,982.76
A8G Australasian Gold -10 66 0.58 $ 27,027,640.86
BAR Barra Resources -11 0 32 -26 0.025 $ 20,569,575.34
AVZ AVZ Minerals -11 16 73 268 0.32 $ 1,045,906,121.00
AR3 Australian Rare Earths -13 -19 0.8 $ 36,274,494.87

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

A massive 111 of the 130 ASX battery metals stocks on our list posted gains last week.

Over the past year 64 stocks have posted a gain of 100% or more.

And five of them –Sayona (ASX:SYA), Renascor Resources (ASX:RNU), Core Lithium (ASX:CXO), Province Resources (ASX:PRL) and Vulcan Energy (ASX:VUL) – have posted a gain of 1000% or higher, and there are several more knocking at the door.

There is another player who’s jumped more than 1000% this year. In fact, ViaGold (ASX:VIA) has gained a ridiculous 3,470% since last August.

But shares in the rare earths company are currently suspended pending the ASX’s further enquiries into a memorandum of understanding that was referred to in the company’s mid-week trading halt.

The halt came after shares in the company soared early in the week with Stockhead’s Hot Money column noting on Monday that there was unusual price action in its shares despite little news flow.

 

Sayona nabs 60% stake in Moblan project

Yesterday Sayona finalised the US$86.5 million acquisition of a 60% stake in the Moblan lithium project in Northern Québec following a A$100 million cap raising.

The company says the cap raising demonstrates strong investor confidence in its Québec expansion, adding to the Abitibi lithium hub amid accelerating lithium demand from North America’s EV industry.

The project is 40% owned by SOQUEM Inc., a wholly owned subsidiary of Investissement Québec, which waived its right of first refusal in connection with Sayona’s acquisition of the Moblan interest.

The company is planning additional drilling at Moblan next year aiming to expand its lithium resource and will undertake a revised definitive feasibility study targeting an increase in its spodumene production capacity.

Last month Sayona announced the potential for a significant resource expansion at its newly acquired North American Lithium (NAL) mine and drilling at its Authier Lithium Project also has the potential to increase its lithium resource – together with planned drilling at the emerging Tansim Lithium Project.

 

Vulcan signs deal with Umicore

Yesterday the company announced it had signed a binding lithium hydroxide offtake agreement with cathod materials producer Umicore as part of its  Zero Carbon Lithium Project in Germany.

The agreement is for an initial five-year term ahead of commercial delivery set for 2025.

Umicore will purchase a minimum of 28,000 tonnes and a maximum of 42,000 tonnes of battery grade lithium hydroxide – with pricing to be based on market prices on a take-or-pay basis.

Umicore’s cathode materials plant in Poland is expected to start production at the end of this year, with the materials to be sold to electric vehicle battery producers.

Vulcan now has a diversified mix of offtakers from the cathode, battery, and automotive sectors following agreements signed with LG Energy Solutions on July 19 and top automotive player Renault Group on August 2.