High Voltage: Where’s the spodumene coming from?
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.
General Lithium, China’s 4th largest producer, wants to have a new 60,000 tonne-a-year lithium chemical convertor up and running by the end of 2020.
The problem is that General Lithium – which will consume an estimated 135,000 tonnes of spodumene concentrate this year — doesn’t have enough supply to feed this new plant.
So where’s the spodumene gonna come from?
“We need more. We are in very frequent contact with all the major guys,” the unnamed official told Reuters.
Scroll down for a table showing the recent performance of 200 ASX battery metal stocks >>
Currently, General Lithium has offtake agreements with producers like Pilbara Minerals (ASX:PLS).
But it’s also playing the long game, recently signing an MOU with aspiring producer Birimian (ASX:BGS).
General Lithium might need Birimian to come online sooner rather than later.
There’s a common myth floating around – EVs are no cleaner than combustion engines if they use electricity generated by traditional sources, like coal.
That’s incorrect, according to new study.
Researchers found that even when electricity is generated from combustion sources, electric vehicles have a net positive impact on air quality and climate change.
“Across scenarios, we found the more cars that transitioned to electric power, the better for summertime ozone levels,” author Jordan Schnell says.
“No matter how the power is generated, the more combustion cars you take off the road, the better the ozone quality.”
So, there you go.
Of the battery metals players on our list, 57 advanced, 50 remained steady and 85 lost ground this past week.
Renascor Resources (ASX: RNU) had a really good week.
The graphite play confirmed that it’s received in-principle project finance support from the Dutch government for its Siviour graphite project in South Australia’s Eyre Peninsula.
The finance contribution could potentially cover around 60 per cent of mine development expenditure.
It’s still very early days but investors loved the news, sending the stock up 33 per cent for the week.
In March, lithium explorer Lepidico (ASX:LPD) said drilling at the Alvarrões mine in Portugal suggested a massive resource upgrade was on the way.
Last week, the explorer unveiled a resource which is 210 per cent bigger, helping boost the stock by 24 per cent for the week.
Lepidico is on a golden run right now, with the share price up over 150 per cent since the start of February.
Check this out:
And fellow lithium play Piedmont (ASX:PLL) says it remains on track to start construction of its namesake project in North Carolina in early 2020.
“As the only conventional lithium project in the USA, we have attracted considerable strategic interest and have engaged in initial conversations with parties in the lithium, mining, chemicals, battery, automotive, and private equity sectors,” Piedmont CEO Keith Phillips says.
“We plan to appoint financial and legal advisors in the coming weeks to assist in the evaluation of strategic and financial plans as we approach a construction decision.”
The explorer certainly attracted considerable interest from investors last week, who sent the stock up 24 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.
ASX Code | Company | Market Cap | Price Intra-day April 15 | 1-Week % Change | 1-Year % Change |
---|---|---|---|---|---|
NWC | NEW WORLD COBALT | $9,375,800.00 | 0.017 | 55 | -83 |
WKT | WALKABOUT RESOURCES | $65,413,696.00 | 0.265 | 37 | 179 |
RNU | RENASCOR RESOURCES | $25,375,336.00 | 0.025 | 33 | -27 |
SI6 | SIX SIGMA METALS | $1,830,012.63 | 0.004 | 33 | -73 |
HNR | HANNANS | $23,855,454.00 | 0.013 | 30 | -28 |
CGN | CRATER GOLD MINING | $17,184,942.00 | 0.015 | 25 | -21 |
LPD | LEPIDICO | $104,041,432.00 | 0.04 | 24 | -10 |
PLL | PIEDMONT LITHIUM | $107,260,856.00 | 0.15 | 24 | 7 |
KNL | KIBARAN RESOURCES | $36,651,024.00 | 0.13 | 24 | -4 |
SUH | SOUTHERN HEMISPHERE MINING | $3,538,778.75 | 0.04 | 21 | -20 |
EMH | EUROPEAN METALS | $59,390,100.00 | 0.4 | 21 | 1 |
CLQ | CLEAN TEQ | $250,019,216.00 | 0.37 | 18 | -69 |
BKT | BLACK ROCK MINING | $42,745,212.00 | 0.083 | 18 | 37 |
INR | IONEER | $294,996,704.00 | 0.2 | 18 | -56 |
PMY | PACIFICO MINERALS | $11,525,066.00 | 0.0065 | 17 | -50 |
MTH | MITHRIL RESOURCES | $2,534,335.25 | 0.007 | 17 | -76 |
DHR | DARK HORSE RESOURCES | $11,856,520.00 | 0.007 | 17 | -61 |
AOU | AUROCH MINERALS | $7,236,255.00 | 0.069 | 15 | -31 |
GBE | GLOBE METALS AND MINING | $7,454,758.00 | 0.016 | 14 | 0 |
CZN | CORAZON MINING | $4,142,066.00 | 0.004 | 14 | -67 |
VML | VITAL METALS | $13,940,890.00 | 0.008 | 13 | 0 |
INF | INFINITY LITHIUM | $17,115,400.00 | 0.094 | 11 | -22 |
NXE | NEW ENERGY MINERALS | $4,526,863.50 | 0.03 | 11 | -87 |
ARU | ARAFURA RESOURCES | $51,941,024.00 | 0.072 | 11 | -32 |
HAV | HAVILAH RESOURCES | $31,646,112.00 | 0.155 | 11 | -34 |
ADN | ANDROMEDA METALS | $7,455,245.50 | 0.0055 | 10 | -21 |
BUX | BUXTON RESOURCES | $15,646,375.00 | 0.12 | 10 | -12 |
AEE | AURA ENERGY | $14,694,025.00 | 0.013 | 8 | -38 |
KDR | KIDMAN RESOURCES | $552,548,480.00 | 1.34 | 8 | -28 |
TKL | TRAKA RESOURCES | $4,969,815.50 | 0.015 | 7 | -71 |
TAR | TARUGA MINERALS | $6,211,358.50 | 0.044 | 7 | -83 |
SRK | STRIKE RESOURCES | $11,481,407.00 | 0.08 | 7 | 33 |
GLN | GALAN LITHIUM | $38,453,100.00 | 0.365 | 6 | 229 |
GED | GOLDEN DEEPS | $6,169,708.50 | 0.035 | 6 | -42 |
BPL | BROKEN HILL PROSPECTING | $2,809,784.50 | 0.019 | 6 | -85 |
GWR | GWR GROUP | $25,351,744.00 | 0.1 | 5 | -50 |
DEV | DEVEX RESOURCES | $4,225,606.00 | 0.039 | 5 | -43 |
AVL | AUSTRALIAN VANADIUM | $39,476,876.00 | 0.021 | 5 | -58 |
AVZ | AVZ MINERALS | $95,894,336.00 | 0.043 | 5 | -81 |
A4N | ALPHA HPA | $62,381,000.00 | 0.11 | 5 | -13 |
PUR | PURSUIT MINERALS | $3,927,601.25 | 0.022 | 5 | -82 |
IRC | INTERMIN RESOURCES | $28,246,616.00 | 0.125 | 4 | -38 |
CAZ | CAZALY RESOURCES | $6,545,476.50 | 0.025 | 4 | -50 |
TLG | TALGA RESOURCES | $137,627,568.00 | 0.625 | 4 | -17 |
MZZ | MATADOR MINING | $17,782,604.00 | 0.25 | 4 | -13 |
CHN | CHALICE GOLD MINES | $35,986,700.00 | 0.135 | 4 | 9 |
BMT | BERKUT MINERALS | $7,875,916.50 | 0.15 | 4 | -6 |
SO4 | SALT LAKE POTASH | $123,762,352.00 | 0.58 | 3 | -3 |
LKE | LAKE RESOURCES | $23,687,934.00 | 0.053 | 3 | -53 |
ORN | ORION MINERALS | $58,085,740.00 | 0.031 | 3 | -24 |
RTR | RUMBLE RESOURCES | $22,678,512.00 | 0.06 | 3 | 19 |
LIT | LITHIUM AUSTRALIA | $37,304,476.00 | 0.081 | 2 | -43 |
HIG | HIGHLANDS PACIFIC | $120,200,720.00 | 0.1075 | 2 | 33 |
VXR | VENTUREX RESOURCES | $61,547,784.00 | 0.235 | 2 | 5 |
ARL | ARDEA RESOURCES | $49,888,348.00 | 0.455 | 2 | -54 |
PGM | PLATINA RESOURCES | $17,168,206.00 | 0.068 | 2 | -43 |
RIO | RIO TINTO | $146,568,101,888.00 | 100.56 | 1 | 45 |
RDS | REDSTONE RESOURCES | $5,687,571.50 | 0.012 | 0 | -11 |
OAR | OAKDALERESOURCES | $3,542,041.25 | 0.017 | 0 | -23 |
SXX | SOUTHERN CROSS EXPLORATION | $5,384,216.00 | 0.005 | 0 | -44 |
NZC | NZURI COPPER | $90,251,176.00 | 0.31 | 0 | -13 |
CGM | COUGAR METALS | $2,242,055.50 | 0.002 | 0 | -69 |
CDT | CASTLE MINERALS | $1,566,571.88 | 0.007 | 0 | -63 |
MRR | MINREX RESOURCES | $1,150,532.75 | 0.013 | 0 | -80 |
PM1 | PURE MINERALS | $4,086,927.75 | 0.015 | 0 | -21 |
AZI | ALTA ZINC | $4,106,897.00 | 0.004 | 0 | -63 |
PSM | PENINSULA MINES | $3,451,488.25 | 0.004 | 0 | -60 |
FEL | FE | $5,773,169.50 | 0.015 | 0 | -52 |
OAU | ORA GOLD | $5,168,767.00 | 0.008 | 0 | -62 |
NMT | NEOMETALS | $119,674,336.00 | 0.235 | 0 | -28 |
CHK | COHIBA MINERALS | $8,639,985.00 | 0.012 | 0 | 41 |
PNN | PEPINNINI LITHIUM | $2,456,023.25 | 0.003 | 0 | -90 |
RMX | RED MOUNTAIN MINING | $4,668,220.50 | 0.005 | 0 | -50 |
GME | GME RESOURCES | $28,400,368.00 | 0.0588 | 0 | -59 |
MTB | MOUNT BURGESS MINING | $1,355,638.13 | 0.003 | 0 | -67 |
CMC | CHINA MAGNESIUM | $18,497,542.00 | 0.04 | 0 | 82 |
BOA | BOADICEA RESOURCES | $10,569,034.00 | 0.2 | 0 | -7 |
MIN | MINERAL RESOURCES | $3,146,589,696.00 | 16.675 | 0 | 3 |
AYR | ALLOY RESOURCES | $4,731,233.00 | 0.003 | 0 | -67 |
GPP | GREENPOWER ENERGY | $4,696,111.00 | 0.003 | 0 | -80 |
SCI | SILVER CITY MINERALS | $2,349,682.00 | 0.009 | 0 | -73 |
SYA | SAYONA MINING | $30,982,680.00 | 0.018 | 0 | -74 |
LRS | LATIN RESOURCES | $5,008,130.00 | 0.002 | 0 | -86 |
CAD | CAENEUS MINERALS | $18,619,644.00 | 0.001 | 0 | 0 |
THR | THOR MINING | $12,254,390.00 | 0.015 | 0 | -64 |
DTM | DART MINING | $5,568,257.00 | 0.006 | 0 | -38 |
LTR | LIONTOWN RESOURCES | $33,237,274.00 | 0.024 | 0 | -35 |
VMC | VENUS METALS | $14,122,777.00 | 0.165 | 0 | 31 |
AMD | ARROW MINERALS | $3,774,487.25 | 0.012 | 0 | -60 |
BDC | BARDOC GOLD | $45,233,424.00 | 0.042 | 0 | -60 |
WCN | WHITE CLIFF MINERALS | $2,822,081.25 | 0.006 | 0 | -95 |
BDI | BLINA MINERALS | $4,543,882.50 | 0.001 | 0 | 0 |
MEI | METEORIC RESOURCES | $8,663,925.00 | 0.013 | 0 | -68 |
AJM | ALTURA MINING | $265,682,816.00 | 0.1275 | 0 | -64 |
LML | LINCOLN MINERALS | $3,449,902.00 | 0.006 | 0 | -82 |
LCD | LATITUDE CONSOLIDATED | $4,402,864.00 | 0.016 | 0 | -52 |
MCT | METALICITY | $4,819,710.00 | 0.01 | 0 | -68 |
MZN | MARINDI METALS | $8,359,484.00 | 0.003 | 0 | -60 |
RLC | REEDY LAGOON | $1,609,086.88 | 0.004 | 0 | -89 |
MLM | METALLICA MINERALS | $7,439,290.50 | 0.023 | 0 | -49 |
TNO | TANDO RESOURCES | $19,472,510.00 | 0.1 | 0 | -45 |
LPI | LITHIUM POWER | $53,815,352.00 | 0.195 | 0 | -37 |
SRN | SUREFIRE RESOURCES | $1,321,960.88 | 0.003 | 0 | -75 |
CLA | CELSIUS RESOURCES | $13,629,925.00 | 0.019 | 0 | -89 |
LI3 | LITHIUM CONSOLIDATED | $9,082,212.00 | 0.11 | 0 | 0 |
MTC | METALSTECH | $2,572,985.50 | 0.02 | 0 | -92 |
MQR | MARQUEE RESOURCES | $1,838,004.25 | 0.043 | 0 | -90 |
MXR | MAXIMUS RESOURCES | $2,452,114.50 | 0.077 | -1 | -33 |
CXO | CORE LITHIUM | $38,195,668.00 | 0.057 | -2 | -16 |
PLS | PILBARA MINERALS | $1,293,893,504.00 | 0.715 | -2 | -12 |
DEG | DE GREY MINING | $38,930,332.00 | 0.1 | -2 | -44 |
IDA | INDIANA RESOURCES | $4,239,795.00 | 0.045 | -2 | -11 |
TON | TRITON MINERALS | $38,939,792.00 | 0.042 | -2 | -43 |
ERX | EXORE RESOURCES | $40,036,644.00 | 0.082 | -2 | 65 |
OMH | OM HOLDINGS | $893,734,208.00 | 1.185 | -2 | -7 |
PAN | PANORAMIC RESOURCES | $203,386,768.00 | 0.395 | -2 | -13 |
AXE | ARCHER EXPLORATION | $14,209,374.00 | 0.077 | -3 | -39 |
TRT | TODD RIVER RESOURCES | $10,904,274.00 | 0.072 | -3 | -30 |
BEM | BLACKEARTH MINERALS | $5,687,483.00 | 0.066 | -3 | -61 |
E25 | ELEMENT 25 | $14,273,940.00 | 0.17 | -3 | -39 |
BYH | BRYAH RESOURCES | $3,955,257.75 | 0.065 | -3 | -50 |
AGY | ARGOSY MINERALS | $92,319,696.00 | 0.092 | -3 | -71 |
BGS | BIRIMIAN | $40,999,068.00 | 0.155 | -3 | -72 |
SGQ | ST GEORGE MINING | $41,736,268.00 | 0.145 | -3 | -3 |
COB | COBALT BLUE | $18,066,062.00 | 0.155 | -3 | -89 |
SEI | SPECIALITY METALS | $16,646,293.00 | 0.028 | -3 | 12 |
TNG | TNG | $79,004,328.00 | 0.086 | -4 | -50 |
DGR | DGR GLOBAL | $82,779,552.00 | 0.135 | -4 | 44 |
BAU | BAUXITE RESOURCES | $11,364,384.00 | 0.053 | -4 | -15 |
HMX | HAMMER METALS | $8,486,021.00 | 0.029 | -4 | -33 |
KTA | KRAKATOA RESOURCES | $2,820,000.00 | 0.024 | -4 | -40 |
EUR | EUROPEAN LITHIUM | $59,176,668.00 | 0.115 | -4 | -43 |
EME | ENERGY METALS | $23,065,164.00 | 0.11 | -4 | 10 |
VMS | VENTURE MINERALS | $11,453,464.00 | 0.021 | -5 | -42 |
JMS | JUPITER MINES | $617,082,176.00 | 0.32 | -5 | 348 |
CZI | CASSINI RESOURCES | $34,550,708.00 | 0.1 | -5 | 45 |
POS | POSEIDON NICKEL | $108,350,776.00 | 0.04 | -5 | 8 |
PSC | PROSPECT RESOURCES | $38,876,184.00 | 0.019 | -5 | -60 |
KSN | KINGSTON RESOURCES | $23,240,770.00 | 0.019 | -5 | -21 |
GXY | GALAXY RESOURCES | $745,768,960.00 | 1.83 | -5 | -37 |
MNS | MAGNIS ENERGY TECHNOLOGIES L | $161,951,040.00 | 0.27 | -5 | -35 |
FGR | FIRST GRAPHENE | $72,181,288.00 | 0.17 | -6 | 0 |
CNJ | CONICO | $5,276,374.00 | 0.015 | -6 | -67 |
JRL | JINDALEE RESOURCES | $10,148,485.00 | 0.29 | -6 | 16 |
ESR | ESTRELLA RESOURCES | $7,425,366.00 | 0.014 | -7 | -63 |
PIO | PIONEER RESOURCES | $21,103,952.00 | 0.014 | -7 | -46 |
AUR | AURIS MINERALS | $11,443,078.00 | 0.029 | -7 | -58 |
CRL | COMET RESOURCES | $7,190,450.00 | 0.028 | -7 | -55 |
ORE | OROCOBRE | $897,058,176.00 | 3.425 | -7 | -29 |
HXG | HEXAGON RESOURCES | $37,931,840.00 | 0.14 | -7 | -41 |
TMT | TECHNOLOGY METALS AUSTRALIA | $17,073,062.00 | 0.195 | -7 | -58 |
NVA | NOVA MINERALS | $10,837,878.00 | 0.014 | -7 | -62 |
POW | PROTEAN ENERGY | $4,360,121.50 | 0.014 | -7 | -61 |
S32 | SOUTH32 | $18,036,172,800.00 | 3.5 | -7 | 7 |
AUZ | AUSTRALIAN MINES | $77,905,040.00 | 0.026 | -7 | -73 |
EUC | EUROPEAN COBALT | $20,565,828.00 | 0.025 | -7 | -67 |
KOR | KORAB RESOURCES | $11,427,671.00 | 0.037 | -8 | -24 |
CUL | CULLEN RESOURCES | $2,033,577.88 | 0.012 | -8 | -71 |
SVD | SCANDIVANADIUM | $4,574,259.50 | 0.012 | -8 | -53 |
ZNC | ZENITH MINERALS | $12,552,966.00 | 0.058 | -8 | -71 |
BSM | BASS METALS | $30,864,620.00 | 0.011 | -8 | -59 |
BSX | BLACKSTONE MINERALS | $8,078,743.00 | 0.07 | -9 | -85 |
BAR | BARRA RESOURCES | $15,627,831.00 | 0.03 | -9 | -46 |
CZR | COZIRON RESOURCES | $17,855,512.00 | 0.01 | -9 | -57 |
VRC | VOLT RESOURCES | $29,109,564.00 | 0.02 | -9 | -41 |
KAI | KAIROS MINERALS | $17,045,456.00 | 0.018 | -10 | -49 |
4CE | FORCE COMMODITIES | $3,820,642.75 | 0.009 | -10 | -89 |
SVM | SOVEREIGN METALS | $28,382,620.00 | 0.079 | -10 | -31 |
WML | WOOMERA MINING | $3,719,246.25 | 0.032 | -11 | -76 |
RIE | RIEDEL RESOURCES | $3,344,557.50 | 0.008 | -11 | -89 |
GPX | GRAPHEX MINING | $19,647,028.00 | 0.24 | -12 | -19 |
IEC | INTRA ENERGY | $8,917,653.00 | 0.022 | -12 | 83 |
HGM | HIGH GRADE METALS | $3,623,503.00 | 0.007 | -13 | -89 |
OKR | OKAPI RESOURCES | $6,181,716.00 | 0.17 | -13 | -60 |
ASN | ANSON RESOURCES | $31,396,826.00 | 0.059 | -13 | -13 |
ARM | AURORA MINERALS | $1,756,999.25 | 0.013 | -13 | -63 |
N27 | NORTHERN COBALT | $3,390,244.50 | 0.056 | -14 | -83 |
AML | AEON METALS | $144,709,984.00 | 0.21 | -14 | -23 |
ANW | AUS TIN MINING | $27,834,390.00 | 0.012 | -14 | -29 |
ADV | ARDIDEN | $5,030,640.50 | 0.003 | -14 | -79 |
AUT | AUTECO MINERALS | $6,014,788.00 | 0.006 | -14 | 20 |
JRV | JERVOIS MINING | $53,583,120.00 | 0.24 | -15 | -43 |
SYR | SYRAH RESOURCES | $413,159,072.00 | 1.1425 | -15 | -64 |
FCC | FIRST COBALT | $59,437,540.00 | 0.175 | -18 | -81 |
ARE | ARGONAUT RESOURCES | $21,761,328.00 | 0.013 | -18 | -42 |
BAT | BATTERY MINERALS | $30,568,118.00 | 0.023 | -18 | -68 |
HWK | HAWKSTONE MINING | $7,984,452.00 | 0.013 | -24 | -68 |
MLS | METALS AUSTRALIA | $4,037,696.75 | 0.002 | -25 | -63 |
ENT | ENTERPRISE METALS | $3,612,714.75 | 0.011 | -25 | -44 |
TKM | TREK METALS | $1,561,518.13 | 0.005 | -29 | -78 |
KLH | KALIA | $7,543,042.00 | 0.002 | -33 | -78 |
SBR | SABRE RESOURCES | $1,220,920.88 | 0.003 | -40 | -86 |