Investors who have stuck with lithium stocks so far this year must be doing so with gritted teeth.

Although two-thirds of the ASX’s 100-or-so lithium stocks are ahead for the past 12 months, the majority have lost ground since January. (See our table below).

This week investment bank Goldman Sachs called the lithium sell-off “overdone” and said investors shouldn’t worry too much about a possible flood of supply that will most likely not eventuate.

“Coupled with ongoing rising demand expectations as auto [car makers] look to electrify their fleets, we expect lithium markets to remain sufficiently tight to handsomely reward incumbent producers,” Goldman Sachs said on Wednesday.

On the same day, German automotive giant BMW struck a $US1.2 billion ($1.6 billion) lithium deal with a Chinese battery maker.

>> Scroll down for a list of ASX stocks with lithium exposure, courtesy of leading ASX data provider MakCorp

BMW’s deal with Contemporary Amperex Technology (CATL), which was only founded in 2011, highlights the rapid rise of the Chinese battery manufacturer, said Market intelligence firm Roskill.

CATL will supply BMW with lithium-ion battery cells for use in its BMWi range of hybrid and electric vehicles.

It’s not the first deal CATL has done with a German car maker. The company shook hands with Daimler in May.

The BMW deal is expected to pave the way for CATL to build a lithium-ion battery cell factory in Germany.

Car makers now the biggest lithium influencer

Roskill says China’s share of the global lithium-ion battery market is expected to increase significantly as the use of lithium-ion batteries in cars continues to rise.

“The increasing use of Li-ion batteries in automotive applications, both for hybrid and fully-electric vehicles, has seen the automotive industry become the biggest influencer on the lithium industry in 2017,” Roskill said.

Demand from car makers passed 34,000 tonnes of lithium carbonate last year and Roskill expects that to more than double by the end of the decade.

Lithium carbonate is used to make cathode material for lithium-ion batteries.

The rapid increase in electric vehicle demand has driven the price of lithium carbonate up nearly 40 per cent in the past year, Benchmark Minerals Intelligence says.

And it’s not just electric vehicles that are forcing the demand for lithium higher.

An increasing reliance on battery storage for renewable energy is driving “enormous” demand, says France-based management consulting agency Arthur D. Little.

“Battery applications are expected to become a $US90 billion-plus market by 2025, up from $US60 billion in 2015,” the firm said in recent research report.

In just the past two years, over $US13.7 billion of battery-related investments and acquisitions have been made.

Here’s a list of ASX stocks with exposure to lithium courtesy of leading ASX data provider MakCorp. (Scroll or swipe for full table):

ASX code Company Six-month price change 12-month price change Price Jul 4 (intraday) Market Cap
DMI DEMPSEY MINERALS 2.3950617284 4.72916666667 0.275 21.9M
ASN ANSON RESOURCES -0.428571428571 4 0.1 24.9M
EUR EUROPEAN LITHIUM -0.173076923077 3.77777777778 0.215 120.1M
DEG DE GREY MINING 0.290322580645 3.54545454545 0.2 65.2M
TAR TARUGA MINERALS 1.05 3.1 0.205 27.3M
DHR DARK HORSE RESOU -0.105263157895 2.4 0.017 32.7M
LPD LEPIDICO -0.360655737705 2.25 0.039 116.1M
NVA NOVA MINERALS -0.369565217391 2.22222222222 0.029 22.5M
GWR GWR GROUP 0.625 2.09523809524 0.13 31.6M
HWK HAWKSTONE MINING 0.0967741935484 2.09090909091 0.034 10.4M
AGY ARGOSY MINERALS -0.178571428571 2.06666666667 0.23 215.8M
ARE ARGONAUT RESOURC -0.363636363636 2 0.021 31.1M
BSM BASS METALS 0.611111111111 1.9 0.029 73.7M
LTR LIONTOWN RESOURC -0.442307692308 1.9 0.029 32.0M
AGO ATLAS IRON 0.075 1.86666666667 0.043 399.0M
KDR KIDMAN RESOURCES -0.11 1.8253968254 1.78 727.2M
AVZ AVZ MINERALS -0.587234042553 1.77142857143 0.097 186.8M
LKE LAKE RESOURCES -0.664285714286 1.76470588235 0.094 28.7M
4CE FORCE COMMODITIE -0.445652173913 1.68421052632 0.051 21.1M
SEI SPECIALITY METAL -0.0869565217391 1.625 0.021 12.2M
VXR VENTUREX RESOURC -0.235294117647 1.6 0.013 46.8M
AVL AUSTRALIAN VANAD 1.15789473684 1.5625 0.041 66.0M
AJM ALTURA MINING -0.288888888889 1.56 0.32 591.5M
GSC GLOBAL GEOSCIENC -0.0759493670886 1.51724137931 0.365 529.0M
PLS PILBARA MINERALS -0.241525423729 1.41891891892 0.895 1.5B
BGS BIRIMIAN -0.232394366197 1.27083333333 0.545 123.3M
KAI KAIROS MINERALS -0.186046511628 1.1875 0.035 28.5M
PLL PIEDMONT LITHIUM -0.128205128205 1.17948717949 0.17 103.4M
TAW TAWANA RESOURCES -0.225 1.12105263158 0.403 227.6M
WKT WALKABOUT RESOUR 0.428571428571 1.11267605634 0.15 40.3M
THR THOR MINING-CDI -0.446428571429 1.06666666667 0.031 20.1M
ZNC ZENITH MINERALS 0.321428571429 1.01086956522 0.185 38.3M
SCI SILVER CITY MINE 0.0909090909091 1 0.036 9.3M
DTM DART MINING NL 0 1 0.008 5.1M
GXY GALAXY RESOURCES -0.210594315245 0.89751552795 3.055 1.2B
POS POSEIDON NICKEL (suspended) -0.26 0.85 0.037 --
TKL TRAKA RESOURCES -0.181818181818 0.8 0.036 12.3M
MQR MARQUEE RESOURCE 0.176470588235 0.764705882353 0.3 13.2M
ORN ORION MINERALS L 0.6 0.739130434783 0.04 59.3M
CMC CHINA MAGNESIUM -0.208333333333 0.727272727273 0.019 6.0M
PSC PROSPECT RESOURC -0.351851851852 0.666666666667 0.035 69.3M
ADN ANDROMEDA METALS 0.142857142857 0.6 0.008 7.2M
ORE OROCOBRE -0.233252044183 0.551073708648 5.345 1.4B
MZZ MATADOR MINING -0.0461538461538 0.55 0.31 15.1M
SYA SAYONA MINING -0.697368421053 0.533333333333 0.023 46.6M
LRS LATIN RESOURCES -0.538461538462 0.5 0.006 18.5M
LCD LATITUDE CONSOLI 0.55 0.47619047619 0.031 8.8M
MIN MINERAL RESOURCE -0.289263947492 0.456292026897 15.16 2.9B
MZN MARINDI METALS L -0.0833333333333 0.375 0.011 21.4M
KOR KORAB RESOURCES -0.0689655172414 0.35 0.027 8.8M
LI3 LITHIUM CONSOLID -0.142857142857 0.333333333333 0.12 12.7M
SRK STRIKE RESOURCES -0.116666666667 0.292682926829 0.053 7.7M
VMC VENUS METALS COR 0.0384615384615 0.285714285714 0.135 12.4M
VMS VENTURE MINERALS -0.480769230769 0.285714285714 0.027 13.3M
RIO RIO TINTO 0.0470588235294 0.259433962264 80.1 129.2B
MLS METALS AUSTRALIA 0 0.25 0.005 11.7M
LIT LITHIUM AUSTRALI -0.528205128205 0.226666666667 0.092 39.8M
DEV DEVEX RESOURCES -0.4 0.2 0.006 6.6M
PIO PIONEER RESOURCE -0.285714285714 0.176470588235 0.02 27.6M
CAZ CAZALY RESOURCES -0.078431372549 0.175 0.047 11.5M
KSN KINGSTON RESOURC 0.047619047619 0.157894736842 0.022 26.7M
PNN PEPINNINI LITHIU -0.776470588235 0.117647058824 0.019 10.1M
NMT NEOMETALS -0.325842696629 0.111111111111 0.3 160.3M
SI6 SIX SIGMA METALS -0.1875 0.0833333333333 0.013 5.5M
CFE CAPE LAMBERT RES -0.536231884058 0.0322580645161 0.032 30.0M
MXR MAXIMUS RESOURCE 0 0 0.002 4.8M
CUL CULLEN RES 0 0 0.002 2.6M
AEE AURA ENERGY -0.0434782608696 0 0.022 22.5M
ZEU ZEUS RESOURCES L -0.0666666666667 0 0.014 2.5M
ADV ARDIDEN -0.1875 -0.0714285714286 0.013 21.8M
LPI LITHIUM POWER IN -0.535087719298 -0.116666666667 0.265 69.1M
NLI NOVO LITIO -0.12 -0.12 0.044 17.2M
HNR HANNANS -0.222222222222 -0.125 0.014 27.7M
AMD ARROW MINERALS L -0.394736842105 -0.148148148148 0.023 6.8M
BOA BOADICEA RESOURC -0.5 -0.157894736842 0.08 4.0M
N27 NORTHERN COBALT (*listed Sep 2017) -0.637362637363 -0.175 0.165 8.1M
ESR ESTRELLA RESOURC 0 -0.178571428571 0.023 11.8M
BAU BAUXITE RESOURCE -0.382978723404 -0.183098591549 0.058 12.0M
TRT TODD RIVER RESOU -0.470588235294 -0.217391304348 0.09 6.1M
OAR OAKDALERESOURCES -0.322580645161 -0.25 0.021 1.4M
SUH SOUTHERN HEMISPH -0.538461538462 -0.25 0.06 5.1M
KTA KRAKATOA RESOURC -0.490566037736 -0.325 0.027 3.2M
CHK COHIBA MINERALS -0.2 -0.333333333333 0.008 4.5M
DGR DGR GLOBAL -0.217391304348 -0.333333333333 0.09 55.2M
ARM AURORA MINERALS -0.236842105263 -0.340909090909 0.029 3.4M
ENT ENTERPRISE METAL 0 -0.344827586207 0.019 7.5M
PM1 PURE MINERALS -0.380952380952 -0.35 0.013 4.4M
BMT BERKUT MINERALS -0.521739130435 -0.352941176471 0.11 6.5M
TKM TREK METALS -0.379310344828 -0.357142857143 0.018 5.6M
CXO CORE EXPLORATION -0.459770114943 -0.373333333333 0.047 29.8M
CGM COUGAR METALS NL -0.166666666667 -0.375 0.005 4.7M
RLC REEDY LAGOON -0.816666666667 -0.388888888889 0.011 4.0M
MCT METALICITY -0.394736842105 -0.425 0.023 13.3M
AOU AUROCH MINERALS -0.17 -0.446666666667 0.083 7.9M
IEC INTRA ENERGY COR 0.166666666667 -0.5 0.007 2.7M
KLH KALIA -0.461538461538 -0.5 0.007 17.6M
MOX MONAX MINING -0.571428571429 -0.5 0.003 2.2M
MTC METALSTECH -0.584905660377 -0.5 0.11 13.3M
MTH MITHRIL RESOURCE -0.740740740741 -0.533333333333 0.014 2.8M
INF INFINITY LITHIUM -0.572972972973 -0.605 0.079 15.6M
EMH EUROPEAN METALS -0.532374100719 -0.634831460674 0.325 48.8M
PSM PENINSULA MINES -0.5 -0.652173913043 0.008 6.4M
CAD CAENEUS MINERALS -0.666666666667 -0.75 0.001 7.2M
GPP GREENPOWER ENERG -0.6875 -0.761904761905 0.005 7.3M
CAS CRUSADER RESOURC -0.614285714286 -0.775 0.027 13.6M
WML WOOMERA MINING L -0.9 -0.9 0.1 13.5M

 

Dempsey Minerals (ASX:DMI) topped the list with a 12-month gain of 473 per cent and a six-month gain of 240 per cent. The five-bagger was trading around 27.5c yesterday.

While Anson Resources (ASX:ASN) was the second biggest gainer on a 12-month basis with a 400 per cent rally in its share price, it has lost almost 43 per cent of its value since the start of the year and is trading at 10c.

European Lithium (ASX:EUR) has also been sold down in 2018, with its share price slipping over 17 per cent to 21.5c. This compares to a gain of 378 per cent over the past year.

Kidman Resources (ASX:KDR), which made history as the first Aussie miner to do a deal with Elon Musk’s Tesla in May, has slumped 11 per cent since the start of the year. But over the past 12 months the company has jumped 183 per cent to around $1.78.