High Voltage: VW doesn’t want to buy Tesla (yet)
Mining
Mining
Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
VW – which has a very ambitious EV production timeline — has denied plans to buy Tesla.
Reuters’ columnist Liam Proud said the idea had logic, but it would only happen if Tesla’s finances weakened.
“It’s easy to see why (VW) would be interested,” Proud said.
“Electric batteries will be the most expensive part of future cars, and UBS analysts reckon Panasonic battery cells produced in Tesla’s gigafactory are 20 per cent cheaper than the next-cheapest option.
“Meanwhile (CEO Elon) Musk’s company makes its own computer chips and can tweak features like a car’s suspension remotely through software updates. (VW boss Herbert) Diess could leapfrog his rivals with technology like that.”
BYD and CATL announce big H1 profits
Reading the headlines you might assume that the EV space is crammed full of loss-making companies right now. So its nice to see the Warren Buffet-backed Chinese carmaker BYD post a 204 percent rise in first-half profit to $US205.29m ($303.4m).
BYD sold 145,653 full electric and plug-in hybrid vehicles between January and June, up 95 percent from a year earlier. It also sold 45 per cent fewer (82,419) internal combustion engine (ICE) models.
Chinese battery giant CATL also announced 130.8 percent profit growth to $US296m in the first half of 2019.
The company says that revenue from its lithium-ion battery business surged 135 percent to 16.9 billion yuan ($3.5 billion).
Another bumpy week for most stocks, but there were some silver linings in the battery metals space.
The nickel price is hot, and so are some of these battery facing exploration plays.
Blackstone Minerals (ASX:BSX) was up 33 per cent after a maiden induced polarisation (IP) survey at the company’s Ta Khoa nickel-cobalt sulphide project in Vietnam opened up a whole new raft of targets.
The Ta Khoa project includes the Ban Phuc nickel mine, a underground mine which operated from 2013 to 2016 but is currently on care and maintenance.
Blackstone’s plan is to build out the nickel-cobalt resource before restarting production to capitalise on the looming EV-driven nickel boom.
The first three holes drilled by Pioneer Resources (ASX:PIO) at Dome North near Kalgoorlie have all hit mineralised pegmatite down dip from spodumene outcropping, which continued until the hole was terminated.
The Pioneer Dome sits along an increasingly important ‘lithium corridor’ which includes three lithium mines — Mt Marion, Bald Hill, and Ravensthorpe — as well as the emerging Buldania deposit owned by Liontown Resources (ASX:LTR).
Investors liked the news, sending the stock up 27 per cent for the week.
Even cobalt explorers are (finally) having a win after Glencore recently announced a major mine shutdown in the DRC.
NSW-based Cobalt Blue (ASX:COB) was up 16 per cent after expanding its exploration footprint in the Broken Hill district by over 50 per cent.
“The southern Curnamona Province is considered prospective for a number of cobalt bearing mineralisation styles,” chief executive Joe Kaderavek says.
“While Broken Hill has a long-dated history, we believe cobalt exploration across the region is in its infancy and are excited by the potential for resource growth.”
Other notable winners included Indiana Resources (ASX:IDA), Sayona Mining (ASX:SYA), Scandivanadium (ASX:SVD), Dark Horse Resources (ASX:DHR), Jervois Mining (ASX:JRV), Mali Lithium (ASX:MLL), Hawkstone Mining (ASX:HWK), and Infinity Lithium (ASX:INF).
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:
Ticker | Name | Price [Monday intraday] | Market Cap | 1 Year Total Return % | 1 Week Total Return % |
---|---|---|---|---|---|
CAZ | CAZALY RESOURCES | 0.048 | $ 15,809,663.00 | 39 | 100 |
BSX | BLACKSTONE MINERALS | 0.14 | $ 22,533,668.00 | 12 | 33 |
MEI | METEORIC RESOURCES | 0.05 | $ 47,878,660.00 | 81 | 32 |
SEI | SPECIALITY METALS INTERNATIONAL | 0.038 | $ 36,360,996.00 | 83 | 32 |
PIO | PIONEER RESOURCES | 0.018 | $ 28,666,416.00 | 12 | 27 |
CHK | COHIBA MINERALS | 0.015 | $ 9,969,214.00 | 114 | 25 |
SI6 | SIX SIGMA METALS | 0.005 | $ 3,225,015.75 | -38 | 25 |
MLS | METALS AUSTRALIA | 0.0025 | $ 7,317,994.50 | -38 | 25 |
CZN | CORAZON MINING | 0.0025 | $ 4,076,721.50 | -69 | 25 |
MTH | MITHRIL RESOURCES | 0.006 | $ 2,534,335.25 | -54 | 20 |
ARE | ARGONAUT RESOURCES | 0.006 | $ 9,326,284.00 | -77 | 20 |
TAR | TARUGA MINERALS | 0.025 | $ 3,952,682.75 | -80 | 17 |
COB | COBALT BLUE | 0.145 | $ 21,735,866.00 | -72 | 16 |
IDA | INDIANA RESOURCES | 0.024 | $ 3,552,352.75 | -52 | 14 |
CUL | CULLEN RESOURCES | 0.017 | $ 2,880,902.00 | -45 | 13 |
SYA | SAYONA MINING | 0.008 | $ 16,648,177.00 | -75 | 13 |
SVD | SCANDIVANADIUM | 0.01 | $ 3,518,661.00 | -61 | 11 |
DHR | DARK HORSE RESOURCES | 0.004 | $ 10,460,545.00 | -55 | 11 |
JRV | JERVOIS MINING | 0.225 | $ 142,248,048.00 | -38 | 10 |
MLL | MALI LITHIUM | 0.115 | $ 30,418,664.00 | -63 | 10 |
BAR | BARRA RESOURCES | 0.023 | $ 12,394,487.00 | -39 | 10 |
HWK | HAWKSTONE MINING | 0.014 | $ 9,664,452.00 | -52 | 8 |
PM1 | PURE MINERALS | 0.017 | $ 7,388,180.00 | 31 | 6 |
INF | INFINITY LITHIUM | 0.075 | $ 14,942,434.00 | 18 | 6 |
GPX | GRAPHEX MINING | 0.2 | $ 20,129,042.00 | -7 | 5 |
OMH | OM HOLDINGS | 0.65 | $ 480,105,184.00 | -50 | 5 |
NVA | NOVA MINERALS | 0.055 | $ 50,849,380.00 | 129 | 4 |
N27 | NORTHERN COBALT | 0.028 | $ 1,848,274.63 | -77 | 4 |
LKE | LAKE RESOURCES | 0.06 | $ 28,694,278.00 | -35 | 3 |
GLN | GALAN LITHIUM | 0.16 | $ 21,582,374.00 | -41 | 3 |
GXY | GALAXY RESOURCES | 1.135 | $ 493,257,504.00 | -56 | 3 |
E25 | ELEMENT 25 | 0.195 | $ 17,921,918.00 | 0 | 3 |
SO4 | SALT LAKE POTASH | 0.77 | $ 200,949,776.00 | 67 | 3 |
TNG | TNG | 0.089 | $ 100,084,520.00 | -25 | 2 |
FGR | FIRST GRAPHENE | 0.24 | $ 113,930,528.00 | 45 | 2 |
ZNC | ZENITH MINERALS | 0.076 | $ 16,196,717.00 | -57 | 1 |
AGY | ARGOSY MINERALS | 0.092 | $ 93,334,200.00 | -62 | 0 |
AYR | ALLOY RESOURCES | 0.003 | $ 3,386,555.25 | -60 | 0 |
KDR | KIDMAN RESOURCES | 1.885 | $ 765,067,072.00 | 69 | 0 |
NXE | NEW ENERGY MINERALS | 0.024 | $ 3,669,490.50 | -78 | 0 |
RNU | RENASCOR RESOURCES | 0.016 | $ 18,454,790.00 | -11 | 0 |
WKT | WALKABOUT RESOURCES | 0.24 | $ 77,628,944.00 | 69 | 0 |
TON | TRITON MINERALS | 0.045 | $ 40,794,080.00 | -10 | 0 |
CXO | CORE LITHIUM | 0.039 | $ 32,319,548.00 | -13 | 0 |
RIE | RIEDEL RESOURCES | 0.012 | $ 5,016,836.50 | -60 | 0 |
PGM | PLATINA RESOURCES | 0.043 | $ 11,357,428.00 | -61 | 0 |
SUH | SOUTHERN HEMISPHERE MINING | 0.025 | $ 2,211,736.75 | -59 | 0 |
BDI | BLINA MINERALS | 0.001 | $ 4,593,882.50 | 0 | 0 |
LRS | LATIN RESOURCES | 0.001 | $ 3,892,466.50 | -80 | 0 |
BKT | BLACK ROCK MINING | 0.068 | $ 44,201,112.00 | 103 | 0 |
CLQ | CLEAN TEQ | 0.355 | $ 276,190,272.00 | -36 | 0 |
JMS | JUPITER MINES | 0.39 | $ 764,006,528.00 | 39 | 0 |
DTM | DART MINING | 0.005 | $ 5,086,880.50 | -29 | 0 |
HXG | HEXAGON RESOURCES | 0.09 | $ 26,260,506.00 | -33 | 0 |
CZR | COZIRON RESOURCES | 0.009 | $ 18,747,462.00 | -36 | 0 |
VML | VITAL METALS | 0.01 | $ 17,426,112.00 | 25 | 0 |
WCN | WHITE CLIFF MINERALS | 0.005 | $ 2,351,749.50 | -84 | 0 |
DEV | DEVEX RESOURCES | 0.075 | $ 9,978,793.00 | 4 | 0 |
EMH | EUROPEAN METALS | 0.335 | $ 44,725,880.00 | -12 | 0 |
AUZ | AUSTRALIAN MINES | 0.023 | $ 79,229,080.00 | -69 | 0 |
HIP | HIPO RESOURCES | 0.008 | $ 3,092,083.75 | -58 | 0 |
ANW | AUS TIN MINING | 0.006 | $ 15,509,807.00 | -53 | 0 |
SYR | SYRAH RESOURCES | 0.6475 | $ 289,362,080.00 | -72 | 0 |
MRR | MINREX RESOURCES | 0.01 | $ 958,777.25 | -72 | 0 |
PUR | PURSUIT MINERALS | 0.009 | $ 2,130,451.50 | -88 | 0 |
CFE | CAPE LAMBERT RESOURCES | 0.006 | $ 6,180,059.00 | -76 | 0 |
ADV | ARDIDEN | 0.003 | $ 5,071,560.50 | -70 | 0 |
HGM | HIGH GRADE METALS | 0.008 | $ 3,623,503.00 | -73 | 0 |
CGM | COUGAR METALS | 0.001 | $ 1,176,583.25 | -75 | 0 |
KOR | KORAB RESOURCES | 0.022 | $ 7,929,987.00 | -4 | 0 |
HAV | HAVILAH RESOURCES | 0.14 | $ 30,554,868.00 | -26 | 0 |
HRZ | HORIZON MINERALS | 0.145 | $ 62,056,404.00 | -15 | 0 |
RMX | RED MOUNTAIN MINING | 0.0045 | $ 3,890,184.00 | -29 | 0 |
MLM | METALLICA MINERALS | 0.015 | $ 4,860,711.00 | -57 | 0 |
GBE | GLOBE METALS AND MINING | 0.016 | $ 7,454,758.00 | 33 | 0 |
ARL | ARDEA RESOURCES | 0.49 | $ 54,224,308.00 | -37 | 0 |
TMT | TECHNOLOGY METALS AUSTRALIA | 0.185 | $ 16,197,521.00 | -72 | 0 |
MTC | METALSTECH | 0.02 | $ 2,339,077.75 | -79 | 0 |
BYH | BRYAH RESOURCES | 0.072 | $ 4,592,916.50 | -35 | 0 |
TKL | TRAKA RESOURCES | 0.01 | $ 3,704,629.50 | -64 | 0 |
ASN | ANSON RESOURCES | 0.035 | $ 19,248,662.00 | -67 | 0 |
MZN | MARINDI METALS | 0.001 | $ 3,351,201.00 | -87 | 0 |
RLC | REEDY LAGOON | 0.005 | $ 2,011,358.50 | -58 | 0 |
KTA | KRAKATOA RESOURCES | 0.022 | $ 2,970,000.00 | -19 | 0 |
MIN | MINERAL RESOURCES | 13.065 | $ 2,526,163,712.00 | -10 | -1 |
BUX | BUXTON RESOURCES | 0.098 | $ 13,469,488.00 | -34 | -1 |
SRK | STRIKE RESOURCES | 0.052 | $ 8,690,982.00 | -2 | -2 |
AVZ | AVZ MINERALS | 0.049 | $ 117,511,568.00 | -49 | -2 |
LI3 | LITHIUM CONSOLIDATED | 0.051 | $ 4,834,009.00 | -59 | -2 |
VMC | VENUS METALS | 0.23 | $ 26,230,898.00 | 64 | -2 |
CHN | CHALICE GOLD MINES | 0.18 | $ 47,961,924.00 | 61 | -3 |
INR | IONEER | 0.155 | $ 228,622,448.00 | -56 | -3 |
LCD | LATITUDE CONSOLIDATED | 0.0155 | $ 4,265,274.50 | -47 | -3 |
GED | GOLDEN DEEPS | 0.026 | $ 5,547,900.50 | -4 | -4 |
LIT | LITHIUM AUSTRALIA | 0.049 | $ 26,179,320.00 | -49 | -4 |
DGR | DGR GLOBAL | 0.089 | $ 54,573,188.00 | 2 | -4 |
LTR | LIONTOWN RESOURCES | 0.098 | $ 176,144,704.00 | 241 | -5 |
TLG | TALGA RESOURCES | 0.41 | $ 91,084,144.00 | -23 | -5 |
SVM | SOVEREIGN METALS | 0.096 | $ 35,927,368.00 | 45 | -5 |
LPI | LITHIUM POWER INTERNATIONAL | 0.4 | $ 105,005,560.00 | 33 | -5 |
MQR | MARQUEE RESOURCES | 0.095 | $ 5,085,834.50 | -58 | -5 |
ORE | OROCOBRE | 2.19 | $ 614,943,488.00 | -42 | -5 |
CLA | CELSIUS RESOURCES | 0.018 | $ 13,629,925.00 | -84 | -5 |
KSN | KINGSTON RESOURCES | 0.018 | $ 31,786,570.00 | -17 | -5 |
KAI | KAIROS MINERALS | 0.017 | $ 14,488,638.00 | -48 | -6 |
NMT | NEOMETALS | 0.175 | $ 92,554,496.00 | -38 | -6 |
MNS | MAGNIS ENERGY TECHNOLOGIES | 0.16 | $ 100,837,440.00 | -54 | -6 |
FEL | FE | 0.014 | $ 6,930,524.50 | -35 | -6 |
BPL | BROKEN HILL PROSPECTING | 0.027 | $ 4,288,618.50 | -59 | -6 |
GME | GME RESOURCES | 0.056 | $ 28,349,604.00 | -41 | -7 |
VRC | VOLT RESOURCES | 0.012 | $ 22,475,702.00 | -26 | -7 |
POS | POSEIDON NICKEL | 0.04 | $ 105,708,072.00 | -15 | -7 |
CRL | COMET RESOURCES | 0.026 | $ 7,215,000.00 | -30 | -7 |
AJM | ALTURA MINING | 0.09 | $ 209,291,632.00 | -65 | -7 |
EUC | EUROPEAN COBALT | 0.023 | $ 19,042,434.00 | -47 | -7 |
PLL | PIEDMONT LITHIUM | 0.125 | $ 101,922,544.00 | -19 | -7 |
THR | THOR MINING | 0.012 | $ 9,859,762.00 | -63 | -8 |
NZC | NZURI COPPER | 0.295 | $ 85,812,592.00 | 41 | -8 |
AXE | ARCHER EXPLORATION | 0.115 | $ 21,680,096.00 | 39 | -8 |
WML | WOOMERA MINING | 0.023 | $ 2,945,372.00 | -73 | -8 |
LPD | LEPIDICO | 0.022 | $ 96,770,704.00 | -11 | -8 |
BOA | BOADICEA RESOURCES | 0.16 | $ 8,455,228.00 | 45 | -9 |
KNL | KIBARAN RESOURCES | 0.105 | $ 30,725,202.00 | -30 | -9 |
CNJ | CONICO | 0.009 | $ 3,843,982.25 | -62 | -9 |
BEM | BLACKEARTH MINERALS | 0.064 | $ 5,480,925.00 | -54 | -10 |
VR8 | VANADIUM RESOURCES | 0.063 | $ 22,184,028.00 | -62 | -10 |
4CE | FORCE COMMODITIES | 0.018 | $ 8,930,786.00 | -33 | -10 |
AEE | AURA ENERGY | 0.009 | $ 11,223,708.00 | -59 | -10 |
IEC | INTRA ENERGY | 0.009 | $ 3,489,516.25 | -25 | -10 |
BSM | BASS METALS | 0.009 | $ 25,288,872.00 | -64 | -10 |
HNR | HANNANS | 0.009 | $ 17,891,590.00 | -47 | -10 |
PAN | PANORAMIC RESOURCES | 0.325 | $ 179,914,304.00 | -33 | -11 |
MZZ | MATADOR MINING | 0.265 | $ 26,130,104.00 | -21 | -12 |
JRL | JINDALEE RESOURCES | 0.3 | $ 11,548,276.00 | 2 | -12 |
AML | AEON METALS | 0.135 | $ 97,740,112.00 | -55 | -12 |
MCT | METALICITY | 0.007 | $ 4,370,957.50 | -50 | -13 |
PLS | PILBARA MINERALS | 0.35 | $ 713,008,896.00 | -53 | -13 |
AMD | ARROW MINERALS | 0.012 | $ 6,430,087.50 | -43 | -14 |
POW | PROTEAN ENERGY | 0.007 | $ 1,868,623.50 | -81 | -14 |
SRN | SUREFIRE RESOURCES | 0.006 | $ 3,018,921.75 | -45 | -14 |
NWC | NEW WORLD COBALT | 0.023 | $ 16,986,726.00 | -55 | -15 |
PSC | PROSPECT RESOURCES | 0.145 | $ 30,673,728.00 | -50 | -16 |
SBR | SABRE RESOURCES | 0.005 | $ 2,376,918.25 | -64 | -17 |
LML | LINCOLN MINERALS | 0.005 | $ 2,874,918.50 | -75 | -17 |
BAT | BATTERY MINERALS | 0.009 | $ 11,862,824.00 | -69 | -18 |
PNN | PEPINNINI LITHIUM | 0.003 | $ 2,476,023.50 | -81 | -20 |
AVL | AUSTRALIAN VANADIUM | 0.012 | $ 21,712,282.00 | -80 | -21 |
AZI | ALTA ZINC | 0.002 | $ 3,643,268.50 | -69 | -33 |
PSM | PENINSULA MINES | 0.002 | $ 2,025,744.13 | -75 | -33 |
MTB | MOUNT BURGESS MINING | 0.002 | $ 1,040,258.81 | -71 | -33 |
GPP | GREENPOWER ENERGY | 0.001 | $ 2,002,245.25 | -75 | -50 |