High Voltage: Does Usain Bolt even fit into the EV he created?
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Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
We’ll get to the Usain Bolt car in a moment, but first — 57 per cent of global passenger car sales will be EVs by 2040, according to BNEF’s Electric Vehicle Outlook 2019.
These numbers are slightly higher than it forecast a year ago. BNEF says it continues to “hold the most aggressive view on EV adoption” compared to other major organisations.
Still, the views of other groups are changing quickly, it says. Most oil majors, for example, have increased their long-term EV outlook at least once over the past three years.
Among oil majors, Total, BP, and OPEC hold the most aggressive EV adoption forecasts. Check it out:
And they’re adapting. In Germany, Shell is installing 50 high-performance charging stations this year, with a total of 100 charging points at its filling stations, while Caltex Australia is in talks with potential partners “for an EV charging station trial”.
Onto some EV news: Korean automotive giants Hyundai and Kia have announced a joint $128m investment in Croatian electric supercar company Rimac to collab on high performance EVs.
A good move, because Rimac cars look like this:
In other news, Volvo has penned a new multi-billion-dollar supply deal with Chinese battery manufacturer CATL and Korea’s LG Chem.
VW, meanwhile, could be turning to Swedish startup Northvolt for some of its battery requirements. Northvolt, which is building Europe’s biggest battery factory, has just raised 350 million euros from the European Investment Bank for its northern Swedish site.
And Usain Bolt’s company has launched a two-seater EV – called the Bolt Nano — retailing for about $US10,000. Deliveries will kick off in 2020 and it looks like this:
Of the companies on our list, 79 lost ground, 67 were ahead and 45 were steady this week. But over the past year, there are just 29 on our list that have generated a positive return.
At 202 per cent over the past year, Liontown Resources (ASX:LTR) holds aloft the gold medal here. This week, for the third week in a row, this lithium explorer has posted strong gains. Where’s it gonna stop?
Advanced vanadium play Technology Metals (ASX:TMT) ran up 31 per cent to its highest point since late March. The explorer is currently in a trading halt until Wednesday, “pending the release of an update with regard to end-user / offtake partner discussions”.
Pure Minerals (ASX:PU1), which is pushing on with a pre-feasibility study on its new generation nickel-cobalt refinery project in northern Queensland, was also up 31 per cent for the week.
And emerging mineral sands producer Sheffield Resources (ASX:SFX) has witnessed a bit of a share price uptick on speculation that it may be in talks with heavyweights like Iluka Resources (ASX:ILU) and Rio Tinto (ASX:RIO).
The Australian reported that Sheffield had started the process to sell a stake (20-49 per cent) in its Thunderbird project in Western Australia.
Sheffield would not comment on the matter when contacted by Stockhead.
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: