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

Once again, EV frontrunners Volkswagen and Tesla are upping the stakes.

VW and Tesla are already ‘walking the walk’ in a major way, as other carmakers roll out a lot of PR about planned investments and ‘a commitment to the EV revolution’.

With a $US2 billion ($2.9 billion) factory in Shanghai now ready for production,  a resurgent Tesla — via Elon — has just announced new plans build a €4 billion ($6.5 billion) Gigafactory 4 in the Berlin area of Germany:

 

At the same time, VW is celebrating pre-production at its Chinese plant while breaking ground on a $US800m ($1.2 billion) EV manufacturing hub in the US.

Production begins at the US-based Chattanooga site in 2022, the company says. By 2022, EVs are to be produced at eight locations on three continents, it says.

That’s a lot of batteries and, by extension, a lot of battery raw materials.

READ: In 2023, there’s only enough battery grade lithium for VW and Tesla

VW also says planned investments in hybridisation, electric mobility and digitalisation will increase to  ~€60 billion between 2020 and 2024.

The group intends to invest ~€33 billion of this figure in electric mobility alone.

The German car giant will also invest even more $$ than previously planned into expanding its electric fleet – it now plans to roll out 75 completely electric models and 60 hybrid vehicles over the next decade.

“We will step up the pace again in the coming years with our investments,” VW boss Herbert Diess said.

“Hybridisation, electrification and digitalisation of our fleet are becoming an increasingly important area of focus. We intend to take advantage of economies of scale and achieve maximum synergies.

“In light of the worsening economic situation, we are also working on increasing our productivity, our efficiency and our cost base so as to secure meeting our targets.”

 

SMALL CAP SPOTLIGHT

Of the companies on our list, 65 lost ground, 38 were ahead and 46 were steady this week.

#1 European Metals (ASX:EMH) +34%

There’s something brewing at $60m market cap European Metals and its globally significant Cinovec lithium-tin project in the Czech Republic.

Right now, CEZ Group — one of Central and Eastern Europe’s largest power utilities — is conducting due diligence on the project.

A successful outcome could see CEZ become European Metals’ largest shareholder and project co-development partner.

In late October, the explorer said it “believes that the CEZ due diligence process is near completion and expects to be able to report shortly on the outcome.”

Which probably explains the price action last week.

READ MORE: EU carmakers are hungry for raw materials and European Metals is right next door

 

 #2 Volt Resources (ASX:VRC) +27%

Similarly, there could be something big on the horizon for graphite play Volt Resources.

Volt is pursuing a Stock Exchange of Mauritius (SEM) note issue and listing, part of a strategy to raise a manageable $US40m for the stage one development of its Bunyu graphite project in Tanzania.

In late October, Volt CEO Trevor Matthews said the company “is confident that with the funding process nearing a conclusion, Volt will soon be zeroing its focus towards the development of this world-class project”.

READ MORE: China’s graphite imports are now up 2000% over the last ~18 months

 

Also enjoying a stronger week were the small cap nickel plays — Blackstone Minerals (ASX:BSX) up 14 per cent, Australian Mines (ASX:AUZ) and Ardea Resources (ASX:ARL) up 13 per cent, GME Resources (ASX:GME) up 12 per cent, and CleanTeq (ASX:CLQ) up 10 per cent.

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

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

Code Name 1 Week Return % 1 Year Return % Price [intraday Monday] Market Cap
EMH EUROPEAN METALS 34 5 0.43 $ 60,323,556.00
VRC VOLT RESOURCES 27 -36 0.014 $ 20,870,294.00
GPP GREENPOWER ENERGY 25 -75 0.009 $ 2,902,243.00
DTM DART MINING 20 -25 0.006 $ 6,422,257.00
CZN CORAZON MINING 20 -57 0.003 $ 4,076,721.25
WML WOOMERA MINING 19 -76 0.019 $ 2,282,963.50
CHK COHIBA MINERALS 17 180 0.014 $ 7,310,756.50
BSX BLACKSTONE MINERALS 14 -4 0.12 $ 21,090,462.00
AUZ AUSTRALIAN MINES 13 -72 0.017 $ 51,671,136.00
ARL ARDEA RESOURCES 13 12 0.695 $ 81,523,800.00
CFE CAPE LAMBERT RESOURCES 13 -80 0.0045 $ 4,417,896.00
SVD SCANDIVANADIUM 13 -64 0.009 $ 3,166,795.00
GME GME RESOURCES 12 -14 0.064 $ 32,399,546.00
MRR MINREX RESOURCES 11 -67 0.01 $ 958,777.25
CLQ CLEAN TEQ 10 -39 0.265 $ 194,079,648.00
BUX BUXTON RESOURCES 9 -51 0.071 $ 9,932,047.00
BKT BLACK ROCK MINING 9 41 0.049 $ 28,637,340.00
VMC VENUS METALS 9 14 0.185 $ 20,866,068.00
SUH SOUTHERN HEMISPHERE MINING 9 -53 0.025 $ 2,301,736.75
PSC PROSPECT RESOURCES 8 -50 0.12 $ 30,673,728.00
HRZ HORIZON MINERALS 8 -16 0.13 $ 55,636,776.00
EUR EUROPEAN LITHIUM 7 -22 0.085 $ 51,383,364.00
TMT TECHNOLOGY METALS AUSTRALIA 7 -72 0.165 $ 12,257,583.00
4CE FORCE COMMODITIES 7 -33 0.016 $ 7,807,166.50
BOA BOADICEA RESOURCES 7 60 0.24 $ 12,509,043.00
KOR KORAB RESOURCES 6 -37 0.017 $ 5,075,191.50
TNG TNG 5 -10 0.096 $ 105,707,240.00
NMT NEOMETALS 5 -3 0.2 $ 108,887,640.00
BAR BARRA RESOURCES 5 -39 0.022 $ 13,123,346.00
JMS JUPITER MINES 4 7 0.26 $ 499,542,720.00
MEI METEORIC RESOURCES 4 211 0.056 $ 53,280,712.00
AGY ARGOSY MINERALS 4 -64 0.091 $ 85,470,176.00
GPX GRAPHEX MINING 3 -20 0.19 $ 17,612,912.00
NVA NOVA MINERALS 3 60 0.037 $ 33,553,230.00
AVZ AVZ MINERALS 2 -46 0.043 $ 101,382,536.00
GED GOLDEN DEEPS 2 -50 0.022 $ 6,109,927.00
CAZ CAZALY RESOURCES 2 104 0.047 $ 16,267,324.00
INF INFINITY LITHIUM 2 -14 0.067 $ 13,753,979.00
AMD ARROW MINERALS 0 -47 0.008 $ 6,701,705.50
AXE ARCHER MATERIALS 0 80 0.135 $ 25,621,932.00
ZNC ZENITH MINERALS 0 -34 0.054 $ 11,508,194.00
DHR DARK HORSE RESOURCES 0 -42 0.0035 $ 8,030,555.00
TON TRITON MINERALS 0 -14 0.038 $ 34,304,112.00
RIE RIEDEL RESOURCES 0 -57 0.013 $ 5,434,906.00
AML AEON METALS 0 -54 0.12 $ 74,147,672.00
RNU RENASCOR RESOURCES 0 -22 0.014 $ 17,391,366.00
SI6 SIX SIGMA METALS 0 -20 0.004 $ 2,580,012.50
AEE AURA ENERGY 0 -76 0.005 $ 6,575,953.00
PLL PIEDMONT LITHIUM 0 -16 0.105 $ 85,614,936.00
THR THOR MINING 0 -76 0.004 $ 5,609,881.00
SYA SAYONA MINING 0 -62 0.009 $ 20,420,374.00
LRS LATIN RESOURCES 0 -92 0.009 $ 1,401,292.13
SVM SOVEREIGN METALS 0 40 0.105 $ 38,635,356.00
HIP HIPO RESOURCES 0 21 0.017 $ 7,343,698.50
SYR SYRAH RESOURCES 0 -73 0.46 $ 198,476,672.00
ANW AUS TIN MINING 0 -88 0.002 $ 4,978,992.50
PSM PENINSULA MINES 0 -67 0.002 $ 2,033,744.13
KAI KAIROS MINERALS 0 -58 0.01 $ 9,844,002.00
ADV ARDIDEN 0 -43 0.004 $ 5,071,560.50
MLS METALS AUSTRALIA 0 -50 0.0015 $ 4,811,029.00
IEC INTRA ENERGY 0 -50 0.006 $ 2,326,344.25
PNN PEPINNINI LITHIUM 0 -48 0.002 $ 2,514,255.00
MTH MITHRIL RESOURCES 0 -7 0.006 $ 2,942,335.25
MTB MOUNT BURGESS MINING 0 -40 0.003 $ 1,560,388.13
PIO PIONEER RESOURCES 0 -24 0.014 $ 21,122,622.00
ARE ARGONAUT RESOURCES 0 -74 0.005 $ 7,771,903.00
POS POSEIDON NICKEL 0 7 0.047 $ 124,206,984.00
HNR HANNANS 0 -31 0.009 $ 17,891,590.00
CNJ CONICO 0 -63 0.008 $ 3,075,185.75
RMX RED MOUNTAIN MINING 0 -25 0.006 $ 5,082,220.50
CUL CULLEN RESOURCES 0 -45 0.013 $ 2,463,042.75
JRL JINDALEE RESOURCES 0 11 0.295 $ 11,355,805.00
JRV JERVOIS MINING 0 17 0.2 $ 125,118,368.00
POW PROTEAN ENERGY 0 -83 0.004 $ 1,557,186.25
VML VITAL METALS 0 57 0.012 $ 23,568,724.00
MNS MAGNIS ENERGY TECHNOLOGIES 0 -69 0.115 $ 70,822,120.00
BDI BLINA MINERALS 0 0 0.001 $ 5,454,882.50
LI3 LITHIUM CONSOLIDATED 0 -60 0.035 $ 4,341,966.50
COB COBALT BLUE 0 -41 0.14 $ 20,986,352.00
KTA KRAKATOA RESOURCES 0 64 0.041 $ 7,095,000.00
SRK STRIKE RESOURCES 0 -27 0.04 $ 7,186,773.50
MCT METALICITY 0 -75 0.005 $ 3,616,049.75
RLC REEDY LAGOON 0 -43 0.004 $ 1,609,086.88
SBR SABRE RESOURCES 0 -50 0.004 $ 1,901,534.75
MIN MINERAL RESOURCES -1 13 14.7 $ 2,722,108,672.00
GXY GALAXY RESOURCES -1 -59 1.055 $ 417,668,928.00
WKT WALKABOUT RESOURCES -2 214 0.305 $ 95,302,120.00
SEI SPECIALITY METALS INTERNATIONAL -2 304 0.055 $ 52,084,672.00
KNL KIBARAN RESOURCES -2 -31 0.095 $ 29,487,186.00
HAV HAVILAH RESOURCES -2 -47 0.1 $ 27,282,918.00
ORE OROCOBRE -3 -42 2.64 $ 685,596,544.00
CXO CORE LITHIUM -3 -28 0.037 $ 30,030,054.00
LKE LAKE RESOURCES -3 -72 0.036 $ 19,999,954.00
OMH OM HOLDINGS -3 -64 0.5 $ 376,697,888.00
N27 NORTHERN COBALT -3 -29 0.063 $ 4,782,410.50
DGR DGR GLOBAL -4 -43 0.081 $ 49,054,552.00
MLL MALI LITHIUM -4 -61 0.077 $ 25,070,500.00
SO4 SALT LAKE POTASH -4 74 0.79 $ 200,259,824.00
CRL COMET RESOURCES -4 -26 0.025 $ 6,937,500.00
BPL BROKEN HILL PROSPECTING -4 -33 0.024 $ 3,986,001.50
IDA INDIANA RESOURCES -4 -54 0.023 $ 4,587,367.50
PGM PLATINA RESOURCES -5 -65 0.02 $ 6,525,520.50
GLN GALAN LITHIUM -6 -37 0.17 $ 24,613,996.00
BEM BLACKEARTH MINERALS -6 -49 0.05 $ 5,682,776.00
LPD LEPIDICO -6 -5 0.016 $ 74,862,360.00
NZC NZURI COPPER -6 25 0.3 $ 88,771,648.00
KSN KINGSTON RESOURCES -6 -31 0.15 $ 26,488,808.00
NXE NEW ENERGY MINERALS -6 -73 0.015 $ 2,293,431.75
ASN ANSON RESOURCES -6 -67 0.03 $ 18,598,816.00
MTC METALSTECH -7 -68 0.014 $ 1,520,400.50
CLA CELSIUS RESOURCES -7 -79 0.013 $ 10,601,053.00
INR IONEER -8 0 0.23 $ 347,364,512.00
CHN CHALICE GOLD MINES -8 46 0.17 $ 47,961,924.00
LPI LITHIUM POWER INTERNATIONAL -8 -14 0.25 $ 70,878,752.00
LTR LIONTOWN RESOURCES -8 290 0.09 $ 148,674,704.00
WCN WHITE CLIFF MINERALS -8 -44 0.0055 $ 2,586,924.25
PLS PILBARA MINERALS -9 -63 0.3025 $ 678,229,824.00
NWC NEW WORLD COBALT -9 -38 0.018 $ 17,463,748.00
AVL AUSTRALIAN VANADIUM -9 -72 0.01 $ 25,528,020.00
VR8 VANADIUM RESOURCES -9 -64 0.04 $ 13,028,715.00
E25 ELEMENT 25 -10 0 0.18 $ 17,921,918.00
GBE GLOBE METALS AND MINING -10 29 0.021 $ 10,250,292.00
PM1 PURE MINERALS -10 29 0.019 $ 8,952,961.00
LIT LITHIUM AUSTRALIA -11 -65 0.033 $ 18,699,514.00
MZN MARINDI METALS -11 -74 0.065 $ 5,356,305.00
PUR PURSUIT MINERALS -11 -73 0.008 $ 2,641,758.25
TKL TRAKA RESOURCES -11 -71 0.008 $ 3,203,703.75
AJM ALTURA MINING -12 -73 0.061 $ 137,202,288.00
TLG TALGA RESOURCES -12 3 0.49 $ 122,186,048.00
CZR COZIRON RESOURCES -13 -42 0.007 $ 14,581,359.00
BSM BASS METALS -13 -63 0.008 $ 19,669,122.00
FEL FE -13 0 0.014 $ 7,330,524.50
BAT BATTERY MINERALS -13 -74 0.007 $ 7,908,549.50
DEV DEVEX RESOURCES -13 108 0.1 $ 16,830,942.00
HXG HEXAGON RESOURCES -13 -47 0.072 $ 21,591,972.00
MLM METALLICA MINERALS -13 -63 0.013 $ 4,860,711.00
LCD LATITUDE CONSOLIDATED -14 -25 0.012 $ 3,302,148.00
MZZ MATADOR MINING -16 -28 0.185 $ 18,792,674.00
FGR FIRST GRAPHENE -16 -13 0.14 $ 64,087,212.00
HWK HAWKSTONE MINING -16 -67 0.008 $ 6,522,544.00
BYH BRYAH RESOURCES -17 -55 0.045 $ 4,370,573.00
AYR ALLOY RESOURCES -17 -38 0.002 $ 3,916,555.25
AZI ALTA ZINC -17 -9 0.005 $ 10,860,744.00
LML LINCOLN MINERALS -17 -29 0.005 $ 2,874,918.50
PAN PANORAMIC RESOURCES -18 -16 0.355 $ 225,711,312.00
TAR TARUGA MINERALS -24 -71 0.016 $ 3,084,502.50
MQR MARQUEE RESOURCES -28 -34 0.068 $ 5,279,638.50
EUC EUROPEAN COBALT -36 -53 0.022 $ 17,519,038.00
SRN SUREFIRE RESOURCES -57 -67 0.003 $ 2,198,537.75