Battery demand is set to double for the decade from 2030 to 2040. Pic: via Getty Images.
High Voltage: We need to invest US$1.6tn to meet battery demand for 2040
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- Benchmark Minerals Intelligence predicts US$1.6 trillion investment needed in battery industry
- 44% of 2040 investment needed to build battery gigafactories
- Lithium needs $94 billion invested to meet 2030 demand, and double that for 2040
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
It’s no secret that to plug the gap between battery industry demand and supply we need more investment but the actual numbers are astounding.
Benchmark Minerals Intelligence says to meet 2040 battery demand we’ll need a massive $1.6 trillion of investment.
That’s almost triple the $571 billion needed just to meet 2030 demand, because battery demand is set to double for the decade from 2030 to 2040 – that’s after its forecast growth from 937 gigawatt hours last year to 3.7 terawatt hours in 2030.
Of this 2040 investment, 44% is needed to build the battery gigafactories that produce the battery cells and assemble the packs, BMI says.
Of the critical raw materials, lithium will require the largest investment of $94 billion to meet 2030 demand, and double that to meet 2040 demand.
And BMI says that’s just the base case scenario.
“If the ambitious targets set out by policymakers and industry are all to be met, this investment number will need to increase even further,” BMI said.
Battery Metals Winners and Losers
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>
| Code | Company | Price | % Week | % Month | % Six Month | % Year | Market Cap |
|---|---|---|---|---|---|---|---|
| XTC | XTC Lithium Limited | 0.2 | 19900% | 19900% | 19900% | -17% | $17,528,272 |
| LPD | Lepidico Ltd | 0.003 | 50% | 0% | -55% | -79% | $17,178,250 |
| DYM | Dynamicmetalslimited | 0.185 | 42% | 19% | 32% | -34% | $6,120,000 |
| LM1 | Leeuwin Metals Ltd | 0.082 | 39% | 61% | -34% | -77% | $3,841,837 |
| QXR | Qx Resources Limited | 0.008 | 33% | 14% | -58% | -65% | $8,880,623 |
| PEK | Peak Rare Earths Ltd | 0.225 | 29% | 18% | -22% | -55% | $46,625,365 |
| FIN | FIN Resources Ltd | 0.009 | 29% | 13% | -47% | -40% | $3,895,612 |
| LCY | Legacy Iron Ore | 0.018 | 29% | 38% | 6% | -5% | $138,843,869 |
| ESR | Estrella Res Ltd | 0.005 | 25% | 25% | -17% | -44% | $7,037,487 |
| S2R | S2 Resources | 0.125 | 25% | 25% | -14% | -34% | $49,814,379 |
| EFE | Eastern Resources | 0.005 | 25% | -17% | -38% | -55% | $6,209,732 |
| M2R | Miramar | 0.01 | 25% | 32% | -56% | -76% | $2,171,288 |
| DTM | Dart Mining NL | 0.023 | 21% | 21% | 64% | -31% | $5,168,657 |
| VHM | Vhmlimited | 0.58 | 20% | 38% | -3% | -7% | $89,436,161 |
| A8G | Australasian Metals | 0.084 | 20% | 11% | -33% | -48% | $4,169,640 |
| MOH | Moho Resources | 0.006 | 20% | 71% | -40% | -57% | $3,235,069 |
| AML | Aeon Metals Ltd. | 0.006 | 20% | -14% | -37% | -67% | $6,578,404 |
| TEM | Tempest Minerals | 0.009 | 20% | 13% | 35% | -37% | $4,890,387 |
| LEG | Legend Mining | 0.013 | 18% | 18% | 0% | -63% | $37,823,203 |
| KGD | Kula Gold Limited | 0.013 | 18% | 30% | 8% | -28% | $8,361,755 |
| VMC | Venus Metals Cor Ltd | 0.087 | 18% | 14% | -11% | -30% | $16,506,395 |
| EV1 | Evolutionenergy | 0.031 | 15% | -6% | -77% | -83% | $9,435,866 |
| LRV | Larvottoresources | 0.12 | 14% | 22% | 88% | -15% | $35,811,683 |
| WCN | White Cliff Min Ltd | 0.017 | 13% | 0% | 13% | 42% | $26,070,199 |
| POS | Poseidon Nick Ltd | 0.0045 | 13% | -10% | -44% | -84% | $18,567,674 |
| BYH | Bryah Resources Ltd | 0.0045 | 13% | -36% | -59% | -72% | $2,264,791 |
| CRR | Critical Resources | 0.009 | 13% | 29% | -40% | -84% | $16,023,153 |
| SRI | Sipa Resources Ltd | 0.019 | 12% | 36% | -14% | -27% | $4,106,846 |
| HAW | Hawthorn Resources | 0.067 | 12% | 3% | -32% | -53% | $23,116,077 |
| ASO | Aston Minerals Ltd | 0.01 | 11% | 11% | -50% | -85% | $12,950,643 |
| CY5 | Cygnus Metals Ltd | 0.063 | 11% | 26% | -22% | -78% | $22,348,607 |
| ZNC | Zenith Minerals Ltd | 0.053 | 10% | -4% | -67% | -46% | $18,676,187 |
| OCN | Oceanalithiumlimited | 0.043 | 10% | 2% | -40% | -85% | $3,547,414 |
| GSM | Golden State Mining | 0.012 | 9% | 9% | 9% | -68% | $3,352,448 |
| ASR | Asra Minerals Ltd | 0.006 | 9% | 50% | 0% | -33% | $12,216,476 |
| KZR | Kalamazoo Resources | 0.073 | 9% | -16% | -22% | -53% | $13,130,279 |
| BNR | Bulletin Res Ltd | 0.05 | 9% | -2% | -38% | -11% | $14,387,053 |
| AM7 | Arcadia Minerals | 0.038 | 9% | -24% | -46% | -65% | $4,447,904 |
| MTM | MTM Critical Metals | 0.038 | 9% | -16% | -50% | -64% | $10,682,060 |
| FG1 | Flynngold | 0.027 | 8% | 13% | -42% | -44% | $7,381,796 |
| ABX | ABX Group Limited | 0.055 | 8% | 10% | -24% | -45% | $13,752,217 |
| KFM | Kingfisher Mining | 0.07 | 8% | 8% | -42% | -76% | $3,760,050 |
| SRN | Surefire Rescs NL | 0.007 | 8% | -13% | -22% | -59% | $13,904,155 |
| AXE | Archer Materials | 0.3 | 7% | -14% | -13% | -48% | $79,002,574 |
| KOB | Kobaresourceslimited | 0.16 | 7% | 7% | 19% | -9% | $22,198,626 |
| HRE | Heavy Rare Earths | 0.032 | 7% | 7% | -42% | -67% | $2,056,590 |
| PAT | Patriot Lithium | 0.051 | 6% | -12% | -67% | -81% | $5,277,504 |
| QPM | Queensland Pacific | 0.035 | 6% | 6% | -13% | -68% | $88,241,260 |
| VTM | Victory Metals Ltd | 0.36 | 6% | 26% | 71% | 6% | $32,467,152 |
| FTL | Firetail Resources | 0.077 | 5% | 10% | 35% | -6% | $12,138,829 |
| MLS | Metals Australia | 0.02 | 5% | -5% | -38% | -38% | $13,788,671 |
| RAG | Ragnar Metals Ltd | 0.02 | 5% | 18% | -13% | -13% | $9,479,619 |
| RBX | Resource B | 0.04 | 5% | 18% | -47% | -76% | $3,307,379 |
| ETM | Energy Transition | 0.02 | 5% | -13% | -53% | -65% | $28,088,542 |
| E25 | Element 25 Ltd | 0.23 | 5% | -4% | -23% | -65% | $52,778,976 |
| WIN | WIN Metals | 0.023 | 5% | -15% | -71% | -89% | $7,659,745 |
| DRE | Dreadnought Resources Ltd | 0.023 | 5% | -12% | 5% | -62% | $80,800,678 |
| IPX | Iperionx Limited | 2.35 | 4% | 19% | 40% | 110% | $584,575,911 |
| QEM | QEM Limited | 0.135 | 4% | 0% | -29% | -37% | $21,194,840 |
| DM1 | Desert Metals | 0.03 | 3% | 43% | -9% | -51% | $7,962,771 |
| REC | Rechargemetals | 0.031 | 3% | -3% | -62% | -90% | $4,330,389 |
| SGQ | St George Min Ltd | 0.032 | 3% | 28% | 7% | -22% | $30,644,753 |
| AXN | Alliance Nickel Ltd | 0.038 | 3% | -3% | 9% | -60% | $27,581,905 |
| ARU | Arafura Rare Earths | 0.19 | 3% | 6% | 46% | -39% | $438,957,416 |
| A11 | Atlantic Lithium | 0.38 | 3% | 0% | 3% | -17% | $246,874,240 |
| AZL | Arizona Lithium Ltd | 0.0195 | 3% | -7% | -15% | -41% | $85,002,476 |
| BUX | Buxton Resources Ltd | 0.08 | 3% | 16% | -43% | -41% | $16,321,290 |
| IG6 | Internationalgraphit | 0.085 | 2% | 13% | -41% | -60% | $16,839,575 |
| LIT | Lithium Australia | 0.023 | 2% | 15% | -18% | -32% | $25,668,125 |
| CMX | Chemxmaterials | 0.046 | 2% | -6% | -39% | -45% | $5,716,004 |
| CNB | Carnaby Resource Ltd | 0.52 | 2% | -7% | -21% | -52% | $91,126,740 |
| EG1 | Evergreenlithium | 0.059 | 2% | 9% | -55% | -82% | $3,317,570 |
| LTR | Liontown Resources | 0.97 | 2% | 4% | 7% | -66% | $2,388,629,807 |
| NVX | Novonix Limited | 0.675 | 2% | 7% | 24% | -30% | $332,584,366 |
| VUL | Vulcan Energy | 4.52 | 1% | 13% | 122% | -2% | $809,210,855 |
| MRD | Mount Ridley Mines | 0.001 | 0% | 0% | -50% | -60% | $7,784,883 |
| CZN | Corazon Ltd | 0.005 | 0% | -29% | -62% | -72% | $3,339,528 |
| RLC | Reedy Lagoon Corp. | 0.003 | 0% | 0% | -40% | -66% | $1,858,622 |
| FRS | Forrestaniaresources | 0.034 | 0% | -15% | 17% | -70% | $5,500,715 |
| HXG | Hexagon Energy | 0.013 | 0% | 0% | 30% | 18% | $6,667,907 |
| MNS | Magnis Energy Tech | 0.042 | 0% | 0% | 0% | -60% | $50,378,922 |
| SBR | Sabre Resources | 0.014 | 0% | -18% | -46% | -60% | $5,501,467 |
| VRC | Volt Resources Ltd | 0.005 | 0% | 0% | -17% | -62% | $20,793,391 |
| GED | Golden Deeps | 0.034 | 0% | -15% | -15% | -69% | $4,123,260 |
| ADV | Ardiden Ltd | 0.135 | 0% | -4% | -16% | -52% | $8,439,863 |
| AAJ | Aruma Resources Ltd | 0.012 | 0% | -20% | -33% | -72% | $2,362,698 |
| CWX | Carawine Resources | 0.086 | 0% | -14% | -18% | -21% | $20,306,789 |
| PAN | Panoramic Resources | 0.035 | 0% | 0% | 0% | -64% | $103,937,992 |
| PRL | Province Resources | 0.041 | 0% | 0% | 0% | 0% | $48,441,219 |
| 0 | 0% | 0% | 0% | 0% | |||
| ADD | Adavale Resource Ltd | 0.004 | 0% | 0% | -53% | -84% | $4,261,061 |
| GL1 | Globallith | 0.27 | 0% | -2% | -48% | -84% | $75,476,937 |
| 0 | 0% | 0% | 0% | 0% | |||
| EGR | Ecograf Limited | 0.115 | 0% | -8% | -21% | -32% | $52,213,659 |
| ATM | Aneka Tambang | 1.07 | 0% | 0% | -9% | -3% | $1,394,904 |
| ALY | Alchemy Resource Ltd | 0.008 | 0% | 33% | 0% | -43% | $8,246,534 |
| RMX | Red Mount Min Ltd | 0.001 | 0% | 0% | -43% | -77% | $3,423,577 |
| AQD | Ausquest Limited | 0.011 | 0% | 0% | 10% | -27% | $9,076,641 |
| REE | Rarex Limited | 0.015 | 0% | 15% | -29% | -63% | $11,851,973 |
| MRC | Mineral Commodities | 0.026 | 0% | 30% | -13% | -44% | $25,596,288 |
| WKT | Walkabout Resources | 0.105 | 0% | -5% | -5% | -16% | $73,838,760 |
| AR3 | Austrare | 0.092 | 0% | 15% | -26% | -70% | $14,344,814 |
| CNJ | Conico Ltd | 0.001 | 0% | 0% | -75% | -86% | $2,201,528 |
| NKL | Nickelxltd | 0.024 | 0% | 4% | -25% | -61% | $2,283,194 |
| MQR | Marquee Resource Ltd | 0.01 | 0% | -9% | -50% | -74% | $4,547,228 |
| EVR | Ev Resources Ltd | 0.005 | 0% | 0% | -50% | -62% | $8,227,629 |
| EMS | Eastern Metals | 0.028 | 0% | -7% | -22% | -55% | $3,523,964 |
| LSR | Lodestar Minerals | 0.001 | 0% | -33% | -58% | -84% | $2,600,780 |
| WML | Woomera Mining Ltd | 0.003 | 0% | 0% | -50% | -77% | $3,654,417 |
| LMG | Latrobe Magnesium | 0.043 | 0% | 5% | -20% | -23% | $102,306,876 |
| KOR | Korab Resources | 0.008 | 0% | -11% | -47% | -64% | $2,936,400 |
| CMO | Cosmometalslimited | 0.058 | 0% | 7% | -3% | -24% | $7,433,077 |
| ENT | Enterprise Metals | 0.003 | 0% | 0% | -25% | -40% | $3,279,952 |
| ENV | Enova Mining Limited | 0.01 | 0% | -29% | -50% | 67% | $9,579,293 |
| PNT | Panthermetalsltd | 0.036 | 0% | 24% | -28% | -54% | $3,137,982 |
| AVW | Avira Resources Ltd | 0.001 | 0% | 0% | -50% | -50% | $2,938,790 |
| CAI | Calidus Resources | 0.115 | 0% | 10% | -41% | -43% | $93,678,206 |
| PGD | Peregrine Gold | 0.19 | 0% | -17% | -37% | -28% | $9,842,371 |
| RAS | Ragusa Minerals Ltd | 0.016 | 0% | -6% | -54% | -75% | $2,281,581 |
| YAR | Yari Minerals Ltd | 0.003 | 0% | -25% | -70% | -83% | $1,447,073 |
| ODE | Odessa Minerals Ltd | 0.003 | 0% | 0% | -63% | -63% | $2,608,206 |
| LNR | Lanthanein Resources | 0.004 | 0% | 33% | -33% | -83% | $9,774,545 |
| CLZ | Classic Min Ltd | 0.001 | 0% | -50% | -98% | -98% | $1,130,385 |
| VMS | Venture Minerals | 0.019 | 0% | -21% | 138% | 27% | $43,905,270 |
| IDA | Indiana Resources | 0.085 | 0% | 10% | 11% | 18% | $53,921,558 |
| TAR | Taruga Minerals | 0.009 | 0% | 29% | 13% | -18% | $6,354,241 |
| AOA | Ausmon Resorces | 0.003 | 0% | 20% | 0% | -25% | $2,117,999 |
| WC1 | Westcobarmetals | 0.031 | 0% | -18% | -44% | -72% | $4,727,510 |
| GRL | Godolphin Resources | 0.016 | 0% | -16% | -59% | -62% | $2,994,477 |
| LNR | Lanthanein Resources | 0.004 | 0% | 33% | -33% | -83% | $9,774,545 |
| CDT | Castle Minerals | 0.004 | 0% | -20% | -33% | -71% | $5,311,305 |
| L1M | Lightning Minerals | 0.066 | 0% | -12% | -31% | -65% | $5,959,808 |
| RVT | Richmond Vanadium | 0.3 | 0% | 13% | -6% | -31% | $25,862,342 |
| OM1 | Omnia Metals Group | 0.078 | 0% | 0% | 0% | -68% | $4,550,568 |
| LLL | Leolithiumlimited | 0.505 | 0% | 0% | 0% | -56% | $605,079,142 |
| WSR | Westar Resources | 0.008 | 0% | -20% | -55% | -67% | $3,189,799 |
| LU7 | Lithium Universe Ltd | 0.015 | 0% | 7% | -38% | -50% | $9,205,660 |
| TOR | Torque Met | 0.13 | 0% | -4% | -35% | -16% | $24,432,060 |
| KNG | Kingsland Minerals | 0.21 | 0% | -9% | -16% | -38% | $12,289,960 |
| CHR | Charger Metals | 0.061 | -1% | -12% | -53% | -80% | $4,722,635 |
| OMH | OM Holdings Limited | 0.43 | -1% | -8% | -11% | -22% | $333,321,708 |
| SYR | Syrah Resources | 0.305 | -2% | -16% | -24% | -58% | $310,467,530 |
| SYR | Syrah Resources | 0.305 | -2% | -16% | -24% | -58% | $310,467,530 |
| TVN | Tivan Limited | 0.055 | -2% | -25% | -2% | -23% | $94,759,917 |
| MHK | Metalhawk. | 0.052 | -2% | 2% | -42% | -60% | $5,234,840 |
| STK | Strickland Metals | 0.095 | -2% | -17% | -10% | 157% | $212,373,230 |
| LTM | Arcadium Lithium PLC | 5.07 | -3% | 2% | -35% | 0% | $1,896,230,897 |
| LEL | Lithenergy | 0.365 | -3% | -6% | -17% | -48% | $40,880,573 |
| LKE | Lake Resources | 0.036 | -3% | -23% | -63% | -86% | $60,066,750 |
| GAL | Galileo Mining Ltd | 0.18 | -3% | -14% | -16% | -68% | $35,572,487 |
| AZI | Altamin Limited | 0.035 | -3% | -8% | -40% | -55% | $15,798,565 |
| PLL | Piedmont Lithium Inc | 0.165 | -3% | 10% | -38% | -81% | $68,053,079 |
| AVL | Aust Vanadium Ltd | 0.0165 | -3% | 3% | -18% | -48% | $137,870,372 |
| SYA | Sayona Mining Ltd | 0.032 | -3% | -9% | -20% | -81% | $339,678,768 |
| PFE | Panteraminerals | 0.032 | -3% | 0% | -35% | -60% | $11,749,828 |
| BKT | Black Rock Mining | 0.06 | -3% | 13% | -10% | -43% | $76,353,416 |
| INR | Ioneer Ltd | 0.14 | -3% | -7% | 27% | -58% | $338,926,814 |
| NC1 | Nicoresourceslimited | 0.14 | -3% | 8% | -45% | -71% | $16,417,586 |
| ARR | American Rare Earths | 0.275 | -4% | 10% | 96% | 67% | $133,494,291 |
| PLS | Pilbara Min Ltd | 2.89 | -4% | -7% | -12% | -41% | $8,699,068,256 |
| FGR | First Graphene Ltd | 0.051 | -4% | -2% | -15% | -39% | $33,621,838 |
| VR8 | Vanadium Resources | 0.05 | -4% | -18% | 6% | -35% | $28,131,260 |
| EMC | Everest Metals Corp | 0.125 | -4% | 4% | 58% | -26% | $23,285,389 |
| ARL | Ardea Resources Ltd | 0.48 | -4% | -8% | 16% | -34% | $96,846,214 |
| ANX | Anax Metals Ltd | 0.024 | -4% | -8% | 20% | -63% | $17,974,245 |
| BHP | BHP Group Limited | 41.28 | -4% | -4% | -11% | -8% | $210,265,667,673 |
| EMN | Euromanganese | 0.067 | -4% | -1% | -22% | -68% | $14,609,312 |
| DLI | Delta Lithium | 0.215 | -4% | -7% | -20% | -76% | $153,382,536 |
| GLN | Galan Lithium Ltd | 0.1525 | -5% | -10% | -71% | -82% | $75,786,319 |
| LRS | Latin Resources Ltd | 0.1525 | -5% | -18% | -13% | -62% | $433,910,017 |
| NVA | Nova Minerals Ltd | 0.2 | -5% | 0% | -39% | -38% | $46,237,229 |
| KNI | Kunikolimited | 0.2 | -5% | -7% | -18% | -61% | $17,353,854 |
| AUZ | Australian Mines Ltd | 0.0095 | -5% | 19% | 6% | -62% | $12,586,609 |
| STM | Sunstone Metals Ltd | 0.0095 | -5% | -14% | -21% | -63% | $34,667,133 |
| PBL | Parabellumresources | 0.038 | -5% | -5% | -37% | -89% | $2,492,000 |
| RNU | Renascor Res Ltd | 0.089 | -5% | -5% | 16% | -54% | $223,642,364 |
| JMS | Jupiter Mines. | 0.255 | -6% | -18% | 50% | 28% | $499,801,356 |
| SCN | Scorpion Minerals | 0.017 | -6% | 0% | -39% | -77% | $6,960,755 |
| KAI | Kairos Minerals Ltd | 0.0085 | -6% | -11% | -35% | -67% | $22,277,754 |
| ARN | Aldoro Resources | 0.083 | -6% | 4% | -13% | -50% | $10,904,523 |
| COB | Cobalt Blue Ltd | 0.082 | -6% | 9% | -59% | -81% | $34,161,071 |
| BCA | Black Canyon Limited | 0.08 | -6% | -6% | -27% | -59% | $5,821,741 |
| NIC | Nickel Industries | 0.7925 | -6% | -4% | 42% | -3% | $3,364,360,756 |
| LIN | Lindian Resources | 0.1125 | -6% | -2% | -22% | -68% | $132,586,057 |
| IGO | IGO Limited | 5.585 | -6% | 0% | -23% | -62% | $4,263,417,787 |
| HAS | Hastings Tech Met | 0.34 | -7% | 26% | -41% | -71% | $61,480,886 |
| MAN | Mandrake Res Ltd | 0.027 | -7% | -10% | -31% | -39% | $16,652,518 |
| GT1 | Greentechnology | 0.067 | -7% | -11% | -59% | -90% | $22,522,647 |
| BC8 | Black Cat Syndicate | 0.335 | -7% | 14% | 46% | -19% | $128,548,909 |
| MEK | Meeka Metals Limited | 0.04 | -7% | 25% | 1% | 14% | $46,918,939 |
| LYC | Lynas Rare Earths | 5.855 | -7% | -4% | 1% | -12% | $5,627,003,474 |
| CAE | Cannindah Resources | 0.052 | -7% | -13% | -40% | -65% | $31,794,397 |
| CLA | Celsius Resource Ltd | 0.013 | -7% | 18% | 8% | -48% | $31,562,866 |
| BM8 | Battery Age Minerals | 0.13 | -7% | -10% | -30% | -70% | $12,093,138 |
| DVP | Develop Global Ltd | 1.9 | -7% | -16% | -4% | -42% | $485,140,732 |
| WA1 | Wa1Resourcesltd | 15.14 | -7% | -12% | 51% | 157% | $972,337,982 |
| EMH | European Metals Hldg | 0.25 | -7% | -14% | -14% | -67% | $53,935,623 |
| LLI | Loyal Lithium Ltd | 0.125 | -7% | -32% | -46% | -61% | $11,341,633 |
| WC8 | Wildcat Resources | 0.245 | -8% | -26% | -41% | 36% | $307,673,896 |
| OD6 | Od6Metalsltd | 0.049 | -8% | -6% | -65% | -78% | $6,305,818 |
| M24 | Mamba Exploration | 0.012 | -8% | -29% | -76% | -83% | $2,208,987 |
| JLL | Jindalee Lithium Ltd | 0.29 | -8% | -9% | -70% | -84% | $18,537,528 |
| GW1 | Greenwing Resources | 0.046 | -8% | 7% | -58% | -79% | $8,700,071 |
| 1MC | Morella Corporation | 0.045 | -8% | -28% | -55% | -78% | $10,627,583 |
| LML | Lincoln Minerals | 0.0055 | -8% | -21% | 10% | -39% | $12,337,557 |
| INF | Infinity Lithium | 0.053 | -9% | -2% | -41% | -54% | $24,517,381 |
| MIN | Mineral Resources. | 52.51 | -9% | -6% | -3% | -25% | $10,694,542,430 |
| GBR | Greatbould Resources | 0.051 | -9% | -15% | -12% | -34% | $32,751,394 |
| IXR | Ionic Rare Earths | 0.01 | -9% | 0% | -44% | -55% | $48,313,011 |
| G88 | Golden Mile Res Ltd | 0.01 | -9% | -17% | -33% | -79% | $4,523,451 |
| TON | Triton Min Ltd | 0.01 | -9% | -13% | -50% | -67% | $15,683,887 |
| PVT | Pivotal Metals Ltd | 0.02 | -9% | 54% | 0% | -5% | $15,490,602 |
| ICL | Iceni Gold | 0.068 | -9% | 1% | 36% | -43% | $18,274,990 |
| EUR | European Lithium Ltd | 0.048 | -9% | -6% | -44% | -47% | $65,711,764 |
| IPT | Impact Minerals | 0.014 | -10% | -13% | 17% | -13% | $45,891,506 |
| TMB | Tambourahmetals | 0.045 | -10% | -31% | -49% | -81% | $3,732,316 |
| PVW | PVW Res Ltd | 0.026 | -10% | 18% | -48% | -70% | $2,636,524 |
| FRB | Firebird Metals | 0.13 | -10% | -26% | 30% | 0% | $18,506,982 |
| PSC | Prospect Res Ltd | 0.125 | -11% | -22% | 56% | 0% | $59,834,986 |
| PGM | Platina Resources | 0.025 | -11% | -7% | 32% | -4% | $15,579,508 |
| AS2 | Askarimetalslimited | 0.04 | -11% | -17% | -71% | -85% | $4,298,399 |
| WMG | Western Mines | 0.24 | -11% | -30% | 33% | -64% | $19,416,258 |
| THR | Thor Energy PLC | 0.016 | -11% | 7% | -54% | -60% | $3,760,392 |
| PMT | Patriotbatterymetals | 0.475 | -11% | -17% | -32% | -69% | $308,418,581 |
| CTM | Centaurus Metals Ltd | 0.355 | -11% | -24% | 22% | -60% | $178,637,641 |
| RXL | Rox Resources | 0.1325 | -12% | -2% | -11% | -49% | $59,050,125 |
| BMM | Balkanminingandmin | 0.075 | -12% | 44% | -18% | -62% | $4,830,755 |
| TKM | Trek Metals Ltd | 0.03 | -12% | -12% | -21% | -74% | $16,431,132 |
| NWC | New World Resources | 0.029 | -12% | -9% | -22% | -9% | $82,232,837 |
| NTU | Northern Min Ltd | 0.029 | -12% | -9% | 16% | -24% | $177,329,377 |
| DEV | Devex Resources Ltd | 0.25 | -12% | -18% | -6% | -23% | $112,503,621 |
| SLZ | Sultan Resources Ltd | 0.007 | -13% | -22% | -53% | -83% | $1,383,105 |
| NWM | Norwest Minerals | 0.028 | -13% | 12% | 17% | -55% | $11,643,585 |
| CHN | Chalice Mining Ltd | 1.05 | -13% | -23% | 3% | -82% | $422,025,185 |
| PAM | Pan Asia Metals | 0.08 | -13% | -50% | -53% | -64% | $15,026,986 |
| EVG | Evion Group NL | 0.02 | -13% | -5% | -23% | -47% | $6,939,264 |
| ILU | Iluka Resources | 5.88 | -13% | -9% | -11% | -45% | $2,648,911,646 |
| CXO | Core Lithium | 0.095 | -14% | 14% | -51% | -89% | $209,419,683 |
| PTR | Petratherm Ltd | 0.019 | -14% | 19% | -37% | -71% | $4,300,077 |
| BSX | Blackstone Ltd | 0.043 | -14% | 2% | -32% | -65% | $22,633,600 |
| JRV | Jervois Global Ltd | 0.018 | -14% | -22% | -44% | -69% | $51,352,512 |
| VML | Vital Metals Limited | 0.003 | -14% | 0% | -40% | -70% | $20,632,734 |
| RGL | Riversgold | 0.006 | -14% | 20% | -33% | -54% | $7,824,151 |
| MEI | Meteoric Resources | 0.12 | -14% | -25% | -38% | -49% | $238,814,381 |
| TMX | Terrain Minerals | 0.003 | -14% | 0% | -40% | -50% | $4,295,012 |
| MLX | Metals X Limited | 0.4275 | -15% | 3% | 58% | 34% | $398,735,069 |
| NMT | Neometals Ltd | 0.069 | -15% | -28% | -57% | -86% | $44,872,663 |
| AKN | Auking Mining Ltd | 0.017 | -15% | -6% | -59% | -76% | $4,567,680 |
| SRZ | Stellar Resources | 0.0195 | -15% | 8% | 179% | 50% | $38,835,036 |
| BUR | Burleyminerals | 0.11 | -15% | 12% | -15% | -37% | $16,540,804 |
| WR1 | Winsome Resources | 0.585 | -16% | -27% | 0% | -65% | $128,718,845 |
| ASN | Anson Resources Ltd | 0.125 | -17% | 9% | 33% | -22% | $161,316,026 |
| CTN | Catalina Resources | 0.0025 | -17% | -17% | -17% | -50% | $3,096,217 |
| GCM | Green Critical Min | 0.0025 | -17% | -38% | -64% | -84% | $4,159,755 |
| FBM | Future Battery | 0.024 | -17% | -27% | -61% | -78% | $16,556,898 |
| GRE | Greentechmetals | 0.12 | -17% | -14% | -52% | -70% | $9,969,597 |
| S32 | South32 Limited | 2.935 | -18% | -21% | -11% | -23% | $13,497,190,533 |
| TLG | Talga Group Ltd | 0.43 | -18% | -35% | -26% | -68% | $167,238,356 |
| LOT | Lotus Resources Ltd | 0.2825 | -18% | -20% | -7% | 45% | $531,212,403 |
| MRR | Minrex Resources Ltd | 0.009 | -18% | 0% | -31% | -44% | $9,763,808 |
| SLM | Solismineralsltd | 0.135 | -18% | 61% | 13% | -77% | $10,388,799 |
| ASL | Andean Silver | 0.8 | -20% | -1% | 281% | 167% | $87,326,046 |
| BOA | Boadicea Resources | 0.02 | -20% | -20% | -35% | -53% | $2,467,057 |
| IMI | Infinitymining | 0.016 | -20% | -16% | -87% | -90% | $1,900,054 |
| RR1 | Reach Resources Ltd | 0.012 | -20% | -33% | -13% | -74% | $10,493,176 |
| EMT | Emetals Limited | 0.004 | -20% | -20% | -43% | -56% | $4,250,000 |
| RR1 | Reach Resources Ltd | 0.012 | -20% | -33% | -13% | -74% | $10,493,176 |
| RON | Roninresourcesltd | 0.12 | -20% | 0% | -23% | -29% | $4,419,001 |
| KM1 | Kalimetalslimited | 0.16 | -22% | -42% | -70% | 0% | $14,597,249 |
| ITM | Itech Minerals Ltd | 0.078 | -22% | 26% | -14% | -68% | $9,904,969 |
| ASM | Ausstratmaterials | 0.615 | -23% | -24% | -41% | -48% | $124,076,487 |
| SRL | Sunrise | 0.4 | -24% | -6% | 5% | -70% | $38,797,824 |
| SUM | Summitminerals | 0.19 | -24% | -62% | 98% | 27% | $14,375,588 |
| PUR | Pursuit Minerals | 0.003 | -25% | 0% | -50% | -77% | $10,906,200 |
| MHC | Manhattan Corp Ltd | 0.0015 | -25% | -25% | -63% | -85% | $4,405,470 |
| LPM | Lithium Plus | 0.11 | -27% | -33% | -50% | -63% | $14,557,400 |
| PNN | Power Minerals Ltd | 0.1025 | -27% | -7% | -43% | -72% | $11,561,029 |
| 1AE | Auroraenergymetals | 0.065 | -28% | -2% | -52% | 10% | $11,639,143 |
| KTA | Krakatoa Resources | 0.01 | -29% | -17% | -47% | -70% | $4,248,965 |
| RIL | Redivium Limited | 0.002 | -33% | -50% | -69% | -82% | $5,461,710 |
| TKL | Traka Resources | 0.001 | -33% | 0% | -50% | -86% | $1,945,659 |
| AGY | Argosy Minerals Ltd | 0.049 | -40% | -43% | -46% | -87% | $117,929,596 |
| AX8 | Accelerate Resources | 0.012 | -45% | -67% | -59% | -49% | $7,449,047 |
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Weekly Small Cap Standouts
MTM announced a ‘significant breakthrough’ in the development of its Flash Joule Heating (FJH) technology, which has successfully converted SC6 spodumene concentrate directly to lithium chloride (LiCl) in a single, acid-free unit operation.
The company says this innovation has the potential to revolutionise lithium refining by radically simplifying the processing of spodumene, the primary source of lithium for batteries.
The process promises substantial reductions in CAPEX, OPEX, and emissions, marking a significant leap forward for the industry.
And at a time when the global lithium-ion battery market is projected to reach over US$150 billion by 2030, it also represents a major commercial opportunity for MTM with the single step process reducing production time, enabling the rapid conversion of raw spodumene to market-ready LiCl.
“We are excited about the commercial opportunities this presents and are actively engaging with major industry players to explore collaboration opportunities,” CEO Michael Walshe said.
The company has knocked back Core Lithium (ASX:CXO) on a $6.5 million bid, with its Bynoe project the prize that could have bulked up Core’s control of the lithium field in the NT, near its Finniss lithium operations.
Core reportedly lobbed a non-binding all-share offer which valued Charger at 8.4c.
Charger’s intention was to trade on the Bynoe project solely, a strategic process it says is ongoing.
“The view of the CHR Board is that the terms currently provided in the Core NBIO do not fully reflect the Company’s value and prospects. The Charger Board remains open to continuing engagement with Core should it wish to do so, with the view to pursuing the best outcome for Charger shareholders,” the company said.
Charger, which owns 70% of Bynoe alongside 30% owner Lithium Australia (ASX:LIT), also has an exploration partnership with Rio Tinto (ASX:RIO) over ground in the Lake Johnston lithium district.
The Canadian-based lithium explorer says sterilisation drilling at the Adina lithium project in the Eeyou Istchee James Bay region of Quebec, Canada has tested mineralisation outside of the current resource – with results including 15.3m at 3.30% Li2O from 179.2m.
“These new drilling results from Adina demonstrate the shallow, high-grade mineralisation extending along the entire strike length from the west of Adina, in the Ridge area and Adina SW, through Adina Main to Adina East and remains open to the east,” MD Chris Evans said.
“In fact, the intersections in the furthest holes to the east of the property are among the best recent intersections and provide encouragement for further drilling to be completed at Adina East.”
“Drilling at Adina is now refocussing to test the continuity and grade of mineralisation outside the current MRE, along the 3.1km of mineralisation defined in drilling to date at Adina, in parallel with on ground activities designed to identify and advance new targets for drilling in the forthcoming winter season.”
At Stockhead, we tell it like it is. While Charger Metals was a Stockhead advertiser at the time of writing, it did not sponsor this article.
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