Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
 

INDUSTRY FOCUS

2018 was tough for the lithium chemicals industry. Prices have stabilised since then, but Australian lithium miners are getting less cash for their spodumene as a result.

In a quarterly conference call, Pilbara Minerals (ASX:PLS) boss Ken Brinsden acknowledges the weaker market but maintains that current prices – he references $US742 ($1050) tonne — was “actually very strong pricing”.

“Pricing [has] obviously come off a high — but it’s nonetheless still a very strong price,” he says.

“There is nothing to complain about with respect to $US742 a ton. That will translate to very healthy spodumene business in Australia.”

These guys are still making profits, in other words.

Like last week, when lithium chemical producer Orocobre (ASX:ORE) announced a 20 per cent drop in March quarter cash margins.

Despite this, Orocobre says it has maintained a profit margin of 56 per cent or $US5258/tonne.

In the meantime, Brinsden says, EV sales continue to grow very strongly around the world.

“And the net effect of that of course, is increasing demand, and another dynamic I would expect to come into play during 2019 is further exports from China of battery ready products,” he says.

Case in point; BYD, the world’s largest EV maker, reported a 632 per cent jump in profits in the March quarter compared to the March quarter last year.

The Chinese company said battery electric vehicle sales jumped 755 per cent, while oil-fuelled vehicle sales fell 46 per cent over the same period.

 

Carmakers have had enough of the DRC cobalt drama


BMW chairman Harald Krüger and the Vision iNext SUV, which will use Australian cobalt when production starts in 2020/ 2021. Pic: BMW Group

Following news that cobalt prices had rebounded for the first time in 5 months, BMW announced it would be bypassing the DRC — which controls more than two-thirds of supply — altogether.

The carmaker reckons the cobalt used in its next-generation electric vehicles will come from Australia and Morocco.

Carmakers are recognising they need to reduce long term price and supply risk for all critical battery minerals, says Caspar Rawles, cobalt analyst at Benchmark Minerals Intelligence.

It’s good news for non-DRC miners and advanced explorers; their supply will be in high demand from those automakers, like BMW, who are diversifying away from the DRC.

“Which of course will mean those producers should be able to achieve the higher end of prices (relative to the current market),” Rawles says.

SMALL CAP SPOTLIGHT

Another reasonably quiet week for the small cap winners column — which reflects the current market more than anything — with most stocks on our list either treading water or losing ground.

Check it out:

 

The highlights came from manganese explorer Bryah Resources (ASX:BYH), graphite play Kibaran Resources (ASX:KNL), lithium explorer Dart Mining (ASX:DTM), and vanadium developers TNG (ASX:TNG) and Technology Metals (ASX:TMT).

READ:Think high vanadium prices are good news? You’re wrong.

 

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

(Is there a small cap battery metals stock missing from our list? Drop us a line!)

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

TickerName1 Week Price Change %1 Year Price Change %Share Price [April 29] Market Cap
LRS LATIN RESOURCES 33-830.0015 $5,049,668.50
BYH BRYAH RESOURCES 28-170.08 $5,077,535.00
SBR SABRE RESOURCES 20-730.006 $2,441,841.75
FEL FE 20-400.015 $7,040,303.50
KNL KIBARAN RESOURCES 18-40.13 $33,651,412.00
DTM DART MINING17-400.006 $5,568,257.00
TNG TNG 14-240.12 $120,433,432.00
RIE RIEDEL RESOURCES 13-880.009 $4,180,697.00
GWR GWR GROUP 11-440.1 $24,084,156.00
CHK COHIBA MINERALS 10380.011 $7,310,756.50
BSM BASS METALS 10-610.011 $30,864,620.00
RDS REDSTONE RESOURCES 10-120.011 $4,739,643.00
WML WOOMERA MINING 9-770.035 $3,944,655.25
HNR HANNANS 9-290.014 $23,855,454.00
EME ENERGY METALS 9200.12 $23,065,164.00
JRV JERVOIS MINING 9-390.24 $53,583,120.00
BDC BARDOC GOLD 9-510.055 $52,497,188.00
HWK HAWKSTONE MINING 8-680.013 $7,414,134.00
AMD ARROW MINERALS 8-520.013 $4,403,568.50
MEI METEORIC RESOURCES8-630.013 $8,897,469.00
SVD SCANDIVANADIUM 8-490.012 $4,574,259.50
ESR ESTRELLA RESOURCES 8-460.014 $6,894,983.00
TLG TALGA RESOURCES 7-80.695 $137,781,920.00
CRL COMET RESOURCES 7-530.031 $7,378,000.00
HMX HAMMER METALS 7-160.032 $9,743,210.00
TMT TECHNOLOGY METALS AUSTRALIA6-530.185 $17,073,062.00
N27 NORTHERN COBALT 5-800.059 $3,659,311.50
VMS VENTURE MINERALS 5-550.02 $10,412,240.00
JMS JUPITER MINES 5-10.34 $656,262,016.00
A4N ALPHA HPA 480.12 $65,216,504.00
AEE AURA ENERGY 4-480.0125 $13,886,406.00
AXE ARCHER EXPLORATION 4-450.077 $14,785,430.00
AUR AURIS MINERALS 4-570.026 $10,625,715.00
BMT BERKUT MINERALS 4-40.135 $12,957,750.00
LTR LIONTOWN RESOURCES 450.029 $39,280,416.00
DGR DGR GLOBAL 4560.14 $79,713,648.00
GPX GRAPHEX MINING 490.3 $24,449,634.00
VMC VENUS METALS3200.145 $14,381,110.00
FGR FIRST GRAPHENE 3-30.175 $74,402,808.00
FCC FIRST COBALT3-780.17 $57,739,324.00
ERX EXORE RESOURCES 3600.08 $36,312,304.00
LPD LEPIDICO 330.042 $137,603,184.00
AVZ AVZ MINERALS 2-800.041 $93,611,136.00
MQR MARQUEE RESOURCES2-890.042 $1,795,259.88
MZZ MATADOR MINING2-180.23 $15,769,479.00
ASN ANSON RESOURCES 2110.06 $28,905,016.00
SVM SOVEREIGN METALS 1-250.083 $29,460,442.00
KDR KIDMAN RESOURCES 0-311.365 $542,428,544.00
AUZ AUSTRALIAN MINES 0-710.023 $68,916,000.00
ANW AUS TIN MINING 0-420.01 $22,460,114.00
SEI SPECIALITY METALS0320.029 $17,201,168.00
PUR PURSUIT MINERALS 0-780.023 $4,106,128.50
PSM PENINSULA MINES 0-600.004 $3,451,488.25
CDT CASTLE MINERALS 0-680.007 $1,566,571.88
BPL BROKEN HILL PROSPECTING 0-830.019 $2,809,784.50
MLS METALS AUSTRALIA 0-600.001 $5,383,595.50
NMT NEOMETALS 0-310.22 $122,394,208.00
SO4 SALT LAKE POTASH 0-20.565 $116,542,880.00
CMC CHINA MAGNESIUM0900.04 $18,497,542.00
OAU ORA GOLD 0-650.008 $5,168,767.00
ARE ARGONAUT RESOURCES0-430.013 $20,206,948.00
MTB MOUNT BURGESS MINING0-670.003 $1,355,638.13
OAR OAKDALE RESOURCES 0-150.017 $3,542,041.25
GPP GREENPOWER ENERGY 0-770.002 $3,913,426.00
4CE FORCE COMMODITIES 0-880.009 $4,245,158.50
BOA BOADICEA RESOURCES 0-50.2 $10,569,034.00
AYR ALLOY RESOURCES 0-670.003 $3,154,155.25
TKM TREK METALS 0-710.006 $1,561,518.13
SUH SOUTHERN HEMISPHERE MINING000.05 $4,423,473.50
RNU RENASCOR RESOURCES 0-420.021 $24,221,912.00
ADN ANDROMEDA METALS 0-210.0055 $6,777,496.00
WCN WHITE CLIFF MINERALS 0-930.007 $2,822,081.25
CLQ CLEAN TEQ0-640.335 $261,214,112.00
HXG HEXAGON RESOURCES 0-290.135 $39,390,760.00
CZR COZIRON RESOURCES 0-520.013 $23,212,166.00
TAR TARUGA MINERALS 0-800.049 $6,917,194.50
POW PROTEAN ENERGY 0-590.013 $4,048,684.25
CAZ CAZALY RESOURCES 0-600.023 $6,021,838.50
MCT METALICITY 0-690.009 $5,422,173.50
VRC VOLT RESOURCES 0-400.02 $30,565,042.00
MZN MARINDI METALS 0-560.004 $8,389,484.00
RLC REEDY LAGOON0-750.005 $2,011,358.50
BDI BLINA MINERALS 0-330.001 $4,543,882.50
NZC NZURI COPPER 0-20.315 $93,210,232.00
CGM COUGAR METALS 0-830.001 $1,121,027.75
CGN CRATER GOLD MINING 0-320.013 $15,957,446.00
LML LINCOLN MINERALS 0-770.007 $3,449,902.00
LCD LATITUDE CONSOLIDATED 0-620.016 $4,678,043.00
IDA INDIANA RESOURCES 0-210.042 $4,239,795.00
SRN SUREFIRE RESOURCES0-690.004 $1,762,614.50
DEV DEVEX RESOURCES 0-510.04 $4,225,606.00
LPI LITHIUM POWER INTERNATIONAL0-200.235 $65,628,476.00
CNJ CONICO 0-620.015 $5,276,374.00
CZN CORAZON MINING 0-700.003 $4,142,066.00
KTA KRAKATOA RESOURCES 0-180.028 $3,290,000.00
IRC INTERMIN RESOURCES 0-390.125 $28,246,616.00
RMX RED MOUNTAIN MINING 0-440.005 $3,890,184.00
CUL CULLEN RESOURCES 0-660.014 $2,372,507.50
JRL JINDALEE RESOURCES 0200.24 $8,398,746.00
SXX SOUTHERN CROSS EXPLORATION0-380.005 $5,384,216.00
GBE GLOBE METALS AND MINING 070.015 $6,988,835.50
BSX BLACKSTONE MINERALS 0-840.066 $7,405,514.50
MTC METALSTECH 0-900.018 $2,222,123.75
TNO TANDO RESOURCES 0-490.1 $19,472,510.00
RIO RIO TINTO 03897.47 $142,561,034,240.00
PLS PILBARA MINERALS -1-260.645 $1,201,472,512.00
INF INFINITY LITHIUM-1-260.089 $16,544,886.00
BKT BLACK ROCK MINING -1530.079 $45,087,416.00
TRT TODD RIVER RESOURCES -1-240.071 $11,964,412.00
PGM PLATINA RESOURCES -2-340.064 $16,639,953.00
BEM BLACKEARTH MINERALS-2-560.062 $5,436,564.50
AOU AUROCH MINERALS -2-430.057 $5,728,702.00
GME GME RESOURCES -2-640.056 $25,553,432.00
MNS MAGNIS ENERGY TECHNOLOGIES-2-340.255 $155,839,680.00
LKE LAKE RESOURCES-2-570.049 $20,192,994.00
ORE OROCOBRE -2-393.31 $876,621,568.00
MIN MINERAL RESOURCES -2-715.73 $3,052,839,680.00
ARL ARDEA RESOURCES -2-530.44 $46,173,260.00
S32 SOUTH32 -2-43.345 $17,129,325,568.00
HIG HIGHLANDS PACIFIC -2270.105 $114,737,056.00
TON TRITON MINERALS -2-470.041 $38,012,656.00
EMH EUROPEAN METALS -3-40.39 $58,656,892.00
DEG DE GREY MINING -3-440.095 $40,622,956.00
BGS BIRIMIAN -3-720.15 $39,676,516.00
NXE NEW ENERGY MINERALS -3-870.03 $4,526,863.50
SYR SYRAH RESOURCES -3-621.13 $413,159,072.00
BAR BARRA RESOURCES -3-430.029 $16,166,722.00
COB COBALT BLUE-3-890.145 $18,689,030.00
SGQ ST GEORGE MINING -380.14 $41,736,268.00
LIT LITHIUM AUSTRALIA-4-400.078 $36,838,168.00
CHN CHALICE GOLD MINES -480.125 $31,988,176.00
PAN PANORAMIC RESOURCES -4-290.38 $205,027,632.00
BAT BATTERY MINERALS -4-650.025 $30,568,118.00
BUX BUXTON RESOURCES -4-40.115 $17,006,928.00
VXR VENTUREX RESOURCES -4130.22 $61,547,784.00
IEC INTRA ENERGY-51100.021 $8,142,204.50
CZI CASSINI RESOURCES -5520.1 $45,705,780.00
EUR EUROPEAN LITHIUM -5-530.105 $59,531,412.00
INR IONEER -5-540.195 $302,371,616.00
PSC PROSPECT RESOURCES -5-560.019 $40,922,300.00
AVL AUSTRALIAN VANADIUM -5-560.02 $41,450,720.00
POS POSEIDON NICKEL -500.037 $97,779,968.00
GXY GALAXY RESOURCES -5-461.555 $631,662,208.00
ZNC ZENITH MINERALS -5-690.054 $11,489,155.00
KAI KAIROS MINERALS -5-530.019 $15,340,911.00
KSN KINGSTON RESOURCES -5-100.018 $24,463,968.00
OMH OM HOLDINGS -5-141.08 $734,930,240.00
KOR KORAB RESOURCES -6-280.035 $10,809,959.00
ORN ORION MINERALS -6-210.033 $67,786,008.00
VML VITAL METALS -6-110.008 $13,940,890.00
CLA CELSIUS RESOURCES -6-930.016 $12,115,489.00
HAV HAVILAH RESOURCES -6-330.16 $33,828,604.00
SYA SAYONA MINING -6-710.014 $25,838,616.00
LI3 LITHIUM CONSOLIDATED -6-60.089 $8,173,991.00
NVA NOVA MINERALS -7-550.014 $10,837,878.00
THR THOR MINING-7-650.014 $13,071,350.00
AML AEON METALS -7-340.21 $144,709,984.00
PM1 PURE MINERALS -7-280.013 $4,086,927.75
PMY PACIFICO MINERALS -7-500.007 $12,338,628.00
TKL TRAKA RESOURCES -7-680.013 $4,638,494.50
WKT WALKABOUT RESOURCES -72000.26 $73,019,936.00
E25 ELEMENT 25 -8-280.18 $15,113,583.00
CXO CORE LITHIUM -8-100.047 $33,334,400.00
AJM ALTURA MINING -8-690.115 $255,055,504.00
RTR RUMBLE RESOURCES -8140.056 $22,375,880.00
BAU BAUXITE RESOURCES -9-120.053 $12,436,495.00
GLN GALAN LITHIUM -91300.28 $34,920,256.00
ARU ARAFURA RESOURCES -9-490.052 $37,512,960.00
AGY ARGOSY MINERALS -10-750.081 $86,232,680.00
EUC EUROPEAN COBALT -11-660.027 $19,042,434.00
SCI SILVER CITY MINERALS -11-790.008 $2,349,682.00
NWC NEW WORLD COBALT -12-830.015 $8,272,764.50
AZI ALTA ZINC -13-650.0035 $6,375,720.00
HGM HIGH GRADE METALS -13-860.007 $3,170,565.00
ARM AURORA MINERALS -13-540.013 $1,522,732.75
PIO PIONEER RESOURCES -13-460.013 $21,103,952.00
PLL PIEDMONT LITHIUM -14-30.15 $103,908,952.00
OKR OKAPI RESOURCES -14-610.155 $5,494,858.50
ADV ARDIDEN -14-800.003 $5,044,140.50
MTH MITHRIL RESOURCES -14-740.006 $2,534,335.25
GED GOLDEN DEEPS -15-540.028 $5,141,423.50
AUT AUTECO MINERALS -1700.005 $5,012,323.50
ENT ENTERPRISE METALS -17-290.01 $3,612,714.75
DHR DARK HORSE RESOURCES -17-750.005 $11,856,520.00
SI6 SIX SIGMA METALS -17-710.005 $2,516,267.25
MXR MAXIMUS RESOURCES -18-450.061 $1,846,654.00
MLM METALLICA MINERALS -22-620.018 $6,156,901.00
SRK STRIKE RESOURCES -24160.064 $9,446,727.00
MRR MINREX RESOURCES -25-730.015 $1,438,165.88
PNN PEPINNINI LITHIUM -25-880.003 $2,898,695.50
KLH KALIA -33-780.002 $7,543,042.00
CADDA CAENEUS MINERALS -50-900.001 $3,723,928.75
CFE CAPE LAMBERT RESOURCES