Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.

 

Data from Benchmark’s Lithium ion Battery Database shows battery demand in Europe – the second biggest market behind China — is set to increase at an annualised rate of 40.1 per cent between 2020 and 2025.

The early resurgence in lithium prices in particular has caught many by surprise. Major producer Albemarle reckons demand is­­­­ about to go through the proverbial roof:

Wowsa.

Mammoth commodities producer Glencore also put some bold numbers on the volumes of battery metals needed to supply the world as it moves away from fossil fuels.

By 2050, copper demand will double, while cobalt and nickel will grow 300 per cent, it says.

Hold onto your dacks.

Where’s it all going to come from?

It’s no wonder manganese, lithium, cobalt, nickel, HPA, rare earths and copper companies on the ASX are going gangbusters.

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium are performing>>>

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
PRL Province Resources 254 360 174 1388 0.092 $ 58,938,865.45
QPM Queensland Pacific 62 74 482 450 0.099 $ 82,099,386.60
PUR Pursuit Minerals 55 34 265 812 0.051 $ 36,043,107.53
AXE Archer Materials 54 130 154 521 1.2 $ 180,509,236.80
MLX Metals X 31 70 174 135 0.23 $ 195,062,204.41
LKE Lake Resources 31 170 1057 995 0.405 $ 359,154,142.55
COB Cobalt Blue 28 10 330 231 0.43 $ 89,359,864.92
JRL Jindalee Resources 27 36 272 566 1.9 $ 73,926,543.90
HXG Hexagon Energy 33 0 80 100 0.11 $ 27,108,479.43
LYC Lynas Rare Earths 22 38 147 184 6.16 $ 5,244,277,329.78
RNU Renascor Resources 23 145 227 390 0.049 $ 64,962,683.53
IPT Impact Minerals 21 44 -8 130 0.023 $ 39,179,501.70
HAS Hastings Tech Metals 21 12 57 88 0.235 $ 289,034,902.32
OZL OZ Minerals 18 13 55 127 22.65 $ 7,016,798,130.75
BKT Black Rock Mining 16 50 246 273 0.18 $ 124,980,840.95
PLS Pilbara Minerals 16 -3 254 277 1.13 $ 3,070,617,650.24
NIC Nickel Mines 16 13 123 138 1.39 $ 3,269,537,766.30
IXR Ionic Rare Earths 16 63 373 550 0.052 $ 150,265,574.24
SYR Syrah Resources 14 15 216 164 1.3 $ 571,654,896.10
REE Rarex 13 -4 88 271 0.13 $ 46,993,968.46
LEG Legend Mining 13 4 -7 23 0.135 $ 334,779,465.13
ADD Adavale Resources 12 -20 392 94 0.064 $ 17,703,025.97
JRV Jervois Mining 12 4 51 117 0.52 $ 393,122,604.70
GXY Galaxy Resources 11 0 141 169 2.8 $ 1,330,728,653.76
CTM Centaurus Metals 11 6 82 324 0.89 $ 288,322,167.76
MIN Mineral Resources 10 3 45 105 39.69 $ 7,127,099,562.79
GBR Great Boulder Resources 10 -19 -19 28 0.043 $ 8,086,570.11
BHP BHP 9 7 25 27 48.92 $ 139,397,687,964.08
TLG Talga 9 3 172 278 1.65 $ 460,909,457.12
IGO IGO 9 -2 55 21 7.03 $ 5,020,685,600.19
EMH European Metals 9 12 270 389 1.37 $ 173,825,716.45
LPD Lepidico 9 9 213 111 0.025 $ 124,508,232.53
ORE Orocobre 8 2 81 60 5.28 $ 1,747,741,264.48
PLL Piedmont Lithium 8 44 731 518 0.77 $ 999,164,740.15
PM8 Pensana 7 -9 134 622 1.66 $ 201,330,337.76
HNR Hannans 7 -38 -6 -6 0.0075 $ 17,699,828.94
POS Poseidon Nickel 7 -1 56 129 0.078 $ 199,468,454.49
MCR Mincor Resources 6 -6 44 66 1.07 $ 444,817,680.78
PNN PepinNini Minerals 6 41 406 69 0.45 $ 16,547,055.60
VR8 Vanadium Resources 5 -8 61 96 0.045 $ 17,216,762.15
G88 Golden Mile Resources 4 -10 -20 -10 0.047 $ 5,412,806.43
CLQ Clean Teq 4 6 86 17 0.3 $ 252,493,315.53
AML Aeon Metals 4 -14 -27 -14 0.12 $ 71,144,821.34
ESS Essential Metals 4 -24 28 -11 0.13 $ 24,098,076.00
BSX Blackstone 4 21 15 200 0.51 $ 162,525,255.95
LIT Lithium Australia 3 -12 178 138 0.15 $ 134,321,859.00
WKT Walkabout Resources 3 19 -20 0 0.16 $ 57,607,051.43
BUX Buxton Resources 3 14 -3 -3 0.074 $ 8,843,603.08
MRC Mineral Commodities 3 -7 64 44 0.41 $ 187,059,044.11
BOA Boadicea Resources 2 -2 48 23 0.235 $ 14,604,250.31
ARU Arafura Resource 2 -2 210 236 0.245 $ 274,914,146.05
TNG TNG 2 -1 31 20 0.099 $ 119,951,715.84
PAN Panoramic Resources 2 -7 128 -3 0.16 $ 297,382,530.58
ARR American Rare Earths 2 -10 155 522 0.1 $ 31,632,702.62
TMT Technology Metals 1 -8 94 192 0.35 $ 50,878,072.60
INR Ioneer 2 66 357 159 0.48 $ 767,083,984.49
CXO Core Lithium 0 16 456 558 0.25 $ 256,176,210.62
AUZ Australian Mines 0 -20 9 71 0.024 $ 91,113,438.55
S2R S2 Resources 0 -15 -19 90 0.175 $ 55,105,956.33
LML Lincoln Minerals 0 0 33 100 0.008 $ 4,599,869.49
AJM Altura Mining 0 0 0 13 0.07 $ 209,037,029.25
ATM Aneka Tambang 0 0 0 0 1 $ 1,303,649.00
NMT Neometals 0 7 103 109 0.375 $ 212,686,993.74
AVZ AVZ Minerals 0 3 208 127 0.2 $ 563,582,209.13
CLA Celsius Resources 0 7 167 336 0.048 $ 38,729,595.56
FFX Firefinch 0 36 63 188 0.245 $ 195,477,120.25
HWK Hawkstone Mining -1 52 102 750 0.0425 $ 64,550,875.44
CZN Corazon -2 -5 -5 -26 0.057 $ 9,272,099.14
CHN Chalice Mining -2 -2 186 1417 4.4 $ 1,466,425,384.71
PGM Platina Resources -2 -4 13 183 0.051 $ 20,143,031.66
DEV Devex Resources -2 2 7 258 0.24 $ 63,597,114.00
MOH Moho Resources -2 -9 -38 -14 0.08 $ 7,400,970.35
GAL Galileo Mining -3 27 13 106 0.35 $ 49,369,915.73
PSC Prospect Resources -3 -17 -17 2 0.17 $ 54,794,911.22
ARL Ardea Resources -4 11 -4 14 0.545 $ 72,133,878.83
RLC Reedy Lagoon -4 23 200 800 0.027 $ 12,682,812.17
NTU Northern Minerals -4 16 56 14 0.05 $ 217,217,034.25
AVL Australian Vanadium -4 -4 109 100 0.024 $ 70,323,811.54
AQD Ausquest -4 5 -28 109 0.023 $ 16,933,317.03
GED Golden Deeps -4 -4 -28 -36 0.0115 $ 9,298,217.28
ASN Anson Resources -4 5 271 197 0.089 $ 75,084,041.93
EUR European Lithium -4 -35 38 -24 0.065 $ 60,181,480.97
LPI Lithium Power International -5 -18 64 0 0.295 $ 83,919,892.84
VRC Volt Resources -5 36 6 46 0.019 $ 36,768,077.72
SYA Sayona Mining -5 -20 311 215 0.037 $ 138,365,660.61
QXR Qx Resources -5 6 -5 6 0.018 $ 9,607,721.80
MAN Mandrake Resources -6 -7 103 427 0.079 $ 26,832,377.51
GME GME Resources -6 -11 72 13 0.062 $ 33,968,882.73
MNS Magnis Energy Technologies -6 81 35 199 0.29 $ 243,111,550.97
VMC Venus Metals -7 -2 -11 -7 0.21 $ 31,726,523.43
SGQ St George Mining -7 -15 17 -2 0.098 $ 49,850,794.22
GLN Galan Lithium -7 -9 210 92 0.48 $ 106,669,932.29
ESR Estrella Resources -7 -15 353 656 0.068 $ 63,564,321.87
TON Triton Minerals -7 0 10 50 0.054 $ 60,126,807.55
BSM Bass Metals -7 30 117 30 0.0065 $ 24,130,054.41
VUL Vulcan Energy -7 -31 1120 2578 6.83 $ 730,756,940.80
RXL Rox Resources -8 -3 -39 20 0.036 $ 73,793,824.67
LTR Liontown Resources -8 3 193 215 0.41 $ 724,464,136.40
BAR Barra Resources -8 -12 -8 21 0.023 $ 16,262,594.42
AOU Auroch Minerals -8 8 189 318 0.28 $ 69,418,040.55
ARN Aldoro Resources -8 29 135 35 0.27 $ 18,219,816.81
SRI Sipa Resources -9 -8 -31 7 0.059 $ 10,313,986.18
CWX Carawine Resources -11 -14 -9 -22 0.21 $ 21,777,980.40
RFR Rafaella Resources -11 5 21 -27 0.08 $ 10,232,445.68
SLZ Sultan Resources -11 -9 15 117 0.195 $ 13,906,877.80
CNJ Conico -12 3 88 275 0.03 $ 24,130,284.10
SBR Sabre Resources -13 -13 40 250 0.007 $ 11,781,445.54
FGR First Graphene -13 -10 93 58 0.26 $ 131,183,907.65
ADV Ardiden -14 -22 13 260 0.018 $ 38,575,113.91
ALY Alchemy Resources -15 0 0 34 0.017 $ 12,100,382.15
INF Infinity Lithium -18 -13 127 251 0.205 $ 60,778,229.80
STK Strickland Metals -19 -37 -48 30 0.026 $ 10,949,939.55
BEM Blackearth Minerals -19 173 285 317 0.15 $ 22,517,700.04
MLS Metals Australia -20 -20 -20 100 0.002 $ 8,381,807.15
AGY Argosy Minerals -22 -13 118 61 0.12 $ 143,781,245.96
TKL Traka Resources -22 -19 -12 323 0.021 $ 10,635,766.43
AZS Azure Minerals -27 -31 100 154 0.33 $ 103,208,716.54
EGR Ecograf -30 112 734 767 0.67 $ 304,838,917.53

 

Small Cap Standouts

QUEENSLAND PACIFIC MINING (ASX:QPM) +62%

The battery metals focused nickel-cobalt play will double the size of its TECH project due to strong offtake interest from big battery makers like LG Chem and Samsung.

QPM, which is targeting first production in 2023, says a larger project “will have lower capital intensity and higher margins”.

 

PURSUIT MINERALS (ASX:PUR) +55%

Former vanadium explorer Pursuit is up ~400 per cent since picking up the Warrior project near Chalice Mining’s (ASX:CHN) mammoth Julimar discovery in WA late last year.

Now, five strong electromagnetic (EM) conductors — with potential to be platinum group elements, nickel, and copper — have been identified.

The explorer plans to start drill testing high priority targets during the second/third quarter (April–September) this year.

 

LAKE RESOURCES (ASX:LKE) +31%

This gravity-defying lithium junior is up +1057 per cent over the past six months.

The company is proposing a revolutionary direct extraction technology to recover high-purity lithium products from its Kachi project and three other lithium brine projects in Argentina.

“At a market capitalisation of around $300m the stock isn’t cheap, but it has the momentum of the “second wave” of lithium interest,” says Guy le Page.

“It has found itself in the right place at the right time with a potentially superior processing technology that could propel the company into the lowest cost quartile of lithium carbonate producers.”

 

COBALT BLUE (ASX:COB) +28%

It’s stocks like Cobalt Blue, one of the last remaining pure play cobalt explorers on the ASX, who will benefit the most from a price which is about to breach $US50,000/t.

COB is planning pilot plant cobalt production for Q1 this year. A pilot plant is smaller version of the real thing, designed to test whether the process works in the real world.

COB says it is currently working with 15 global partners who have expressed interest in receiving cobalt samples, including big players like LG International, Mitsubishi Corporation and Sojitz Corporation.

 

Is there a battery metals stock missing from our list? Email [email protected]