High Voltage: Reasons to stay plugged into lithium and other battery metals in 2024

Estimated read time 19 min read

Just cutting and pasting this bullet from last week… lithium spot prices are still in the doldrums 
But worry not, because we have a list of bullish bolstering for the battery metals faithful
ASX gainers in the sector over the past week led by: LNR and DM1

 

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

After 2022’s big year for lithium and pals, perhaps 2023 was always destined to struggle to live up to the same kind of hype. A bit like a second-album disappointment.

That said, Kings of Lithium and the Battered Metals are back in the studio for what they’re hoping will be a stellar next production – or just a decent year. Or at the very least, maybe a mild improvement on this one.

We’re not out of the 2023 woods yet, though, so how are things tracking? For a surface-level take on that, let’s turn to this weekly chart from Miner Deck, published Dec 11.

It’s only mildly crap for nickel pricing this week, but it’s downright ugly for lithium.

And here’s Lithium Price bot with specifics, below. Those YTD figures continue to get worse every week at present. This time last week, lithium carbonate’s YTD was about -75.6% and spod was around -70.8%.

2023-12-12#Lithium Carbonate 99.5% Min China Spot

Price: $15,590.40
1 day: $417.60 (-2.61%)
YTD: -78.84%#Spodumene Concentrate (6%, CIF China)

Price: $1,535.00
1 day: -30 (-1.92%)
YTD: -73.65%

Sponsored by @SiennaResources $SIE $SNNAFhttps://t.co/MmcWAPc9WW

— Lithium Price Bot (@LithiumPriceBot) December 12, 2023

Righto, so where’s this good news then?

 

Reasons to be cheerful… 1, 2, 3… (and plenty more)

Despite lithium prices floating somewhere beyond the S-bend, and despite the cooling off of many a battery metal stock this year (not you, WC8) thanks to a glut of Li supply and periods of slowed uptake of EVs, there are still reasons to be cheerful if you’re a battery metals investor.

And more than three.

We don’t think this is clutching at straws, because it’s a lot of straws if so. Here we go then, as briefly as we can make it… and in no order or priority…

 

1. Big increase in Chinese EV Sales: Just lately, there’s been a notable increase in electric vehicle sales in China, which appears to be bringing an end to a cool-off amid the troubling economic climate in the Middle Kingdom. Maybe it has something or everything to do with late-year fiscal stimulus over there, maybe not.

In any case, according to Electric Cars Report, Chinese motor vehicle company XPENG, for instance, reported a significant increase in Smart EV deliveries in November 2023, indicating strong growth in the Chinese EV market.

And according to CNEV Post (Chinese EV news media) stats (as pointed out by noted lithium bull Joe Lowry, below), monthly new EV sales have actually exceeded 1 million for the first time – in November.

“The demand for EVs globally is clearly strong,” writes Lowry, forecasting future FOMO/panic buying once again for lithium-related things.

Demand for #EVs globally is clearly strong. The longer China #lithium spot prices stay below the high end of the cost curve, the more likely another panic buying scenario happens when serious restocking starts in 2024. https://t.co/xoCYmU7pUp

— Joe Lowry (@globallithium) December 11, 2023

 

2. Rise in nationwide Chinese EV deliveries: Further to this, according to China Daily, wholesale deliveries of electric vehicles and plug-in hybrids in China were expected to reach 940,000 units in November – and that’s up 29% year-on-year.

And total sales in the first 11 months of this year are estimated to have reached 7.74 million units, up 35 per cent year-on-year, according to the China Passenger Car Association.

 

3. ExxonMobil’s monster lithium extraction plans: This is a big, underrated point of validation for the continuation of the lithium rush and continued demand, wethinks. As we wrote here, this American fossil fuels giant has major plans in the works to start lithium drilling in Arkansas, targeting lithium supply for over 1 million EVs per year by 2030.

“In many ways, extracting lithium from deep brine reservoirs is similar to our existing businesses,” said Exxon CFO Kathryn Mikells. “It involves upstream skills like geoscience and reservoir management, as well as efficient drilling.”

Exxon Mobil Gets More Confident Its Lithium and Hydrogen Bets Will Pay Off https://t.co/KHu3IjaNHj

— Barron’s (@barronsonline) December 11, 2023

 

4. European Battery Funding Initiative: The EU is offering €3 billion in subsidies to battery makers to stimulate the electric vehicle industry.

That’s hardly a world shunning the EV and lithium-battery narrative, is it.

According to the the International Energy Agency (IEA), the European Commission has approved under EU State aid rules an Important Project of Common European interest (“IPCEI”) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries.

“The seven Member States will provide in coming years up to approximately €3.2 billion in funding for this project, which is expected to unlock an additional €5 billion in private investments,” wrote the IAE.

ASX-listed Euro Manganese (ASX:EMN) liked the news, noting that the funding will create impact “across the entire battery value chain, including its upstream raw material segment”.

The European Battery Alliance, meanwhile, has also welcomed the new EU financial stimulus for the sector.

 

5. European and UK expansion of the EV market: Despite its well-documented current challenges, the global electric vehicle market continues to grow significantly. Toyota, for instance is planning to expand its EV lineup in Europe to six vehicle models by 2026, while Nissan is in the process of producing three new EV models at its UK plant.

 

6. Anglo American eyes up lithium: This mining giant, the world’s biggest producer of platinum, is reportedly actively seeking opportunities in the lithium market, further highlighting the commodity’s strategic importance for the energy transition.

 

7.  Investment in lithium downstream processing: Investments in midstream processing facilities for lithium in Australia are also expected to enhance the economics of lithium projects throughout coming years.

Per a recent High Voltage, some of the WA state gov’s renewed strategic thinking on battery metals includes placing greater than previous emphasis on the midstream and downstream elements of the sector in resources-rich WA.

And, for the downstream element at least, this means potentially increasing the level of output when it comes to the processing stage of minerals, such as lithium and nickel, required for batteries.

“Domestic value-adding and manufacturing” is part of the newly energised strat. And “converting exploration activity into producing mines will be integral to WA’s ability to continue moving down the value chain,” reads a recent WA state gov report.

 

8. White-hot M&A activity in Australia’s lithium sector: This has been turning heads globally in the latter stages of this year. Notable merger and acquisition activities include the US$10.6 billion deal between Livent and Allkem and Albemarle’s US$3.7 billion offer for Liontown Resources, ultimately stymied by Hancock Prospecting’s blocking stake.

Going, Going … Albemarle pulls the pin on $6.6 billion Liontown mega lithium deal amid Rinehart shenanigans https://t.co/zOXYxHSA5u

— Maureen O’Mahoney (@cheerio46) October 16, 2023

 

9. SQM’s long-term outlook: Leading Chilean lithium producer SQM has made it clear it remains confident in the future of the EV market, forging ahead with its global operations and plans Down Under.

As Stockead’s Reuben Adams reported about a week ago:

Lithium darling Azure Minerals (ASX:AZS) has now filed paperwork for SQM’s proposed takeover at $3.52/sh, despite Gina Rinehart and MinRes potentially running interference, Liontown style.

Rinehart and Minres have accrued 18.9% and 13.6% stakes in the tier 1 explorer in the wake of SQM’s $1.63 billion takeover offer in October.

SQM, potentially learning from Albemarle’s mistakes, will launch a simultaneous conditional off-market takeover offer for $3.50/sh should the scheme not be successful.

The deal is being pushed through as lithium prices plumb new lows, with most stocks bearing the brunt.

 

Did we/I miss some big reasons to keep the battery metals faith? Let me know: [email protected] 

 

ASX battery metals form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

Stocks missing from this list? Email [email protected] 

Code Company Price % Week % Month % Year % YTD Market Cap PVW PVW Res Ltd 0.052 2% -9% -55% -5% $5,374,453 A8G Australasian Metals 0.16 -6% -11% -29% -3% $8,339,279 INF Infinity Lithium 0.097 -12% 14% -39% -2% $46,259,209 LPI Lithium Pwr Int Ltd 0.54 -1% 3% 10% 10% $342,694,766 PSC Prospect Res Ltd 0.083 -7% -14% -41% -4% $39,383,217 PAM Pan Asia Metals 0.13 -13% -13% -68% -28% $20,877,679 CXO Core Lithium 0.24 -6% -34% -80% -79% $534,233,886 LOT Lotus Resources Ltd 0.275 -11% 12% 38% 7% $482,868,651 AGY Argosy Minerals Ltd 0.145 -9% -9% -76% -43% $196,617,050 AZS Azure Minerals 3.56 -4% -11% 1269% 334% $1,637,486,083 NWC New World Resources 0.034 -15% 10% 0% 0% $81,422,714 QXR Qx Resources Limited 0.021 -25% -25% -58% -2% $25,431,741 GSR Greenstone Resources 0.008 -11% 14% -73% -2% $10,944,908 CAE Cannindah Resources 0.105 14% 11% -59% -14% $57,807,995 AZL Arizona Lithium Ltd 0.04 0% 11% -43% -2% $133,780,576 RIL Redivium Limited 0.006 0% -8% -73% -1% $16,385,129 COB Cobalt Blue Ltd 0.235 -15% -10% -60% -35% $93,845,523 LPD Lepidico Ltd 0.008 -6% -20% -47% -1% $61,106,464 MRD Mount Ridley Mines 0.0015 -25% -25% -67% 0% $15,569,766 CZN Corazon Ltd 0.016 -6% 0% -36% -1% $10,465,164 LKE Lake Resources 0.12 -4% -29% -87% -68% $177,805,588 DEV Devex Resources Ltd 0.245 -8% -9% -27% -4% $114,709,574 INR Ioneer Ltd 0.125 -14% -22% -76% -26% $295,597,701 MAN Mandrake Res Ltd 0.042 2% 20% -7% 0% $24,014,637 RLC Reedy Lagoon Corp. 0.005 -29% 0% -57% 0% $3,083,418 GBR Greatbould Resources 0.064 -11% -2% -28% -3% $36,742,974 FRS Forrestaniaresources 0.028 -10% -7% -78% -11% $4,530,001 STK Strickland Metals 0.155 -14% -3% 260% 12% $260,907,211 MLX Metals X Limited 0.275 4% -2% -5% -11% $249,498,168 CLA Celsius Resource Ltd 0.013 0% 18% -32% 0% $26,952,620 FGR First Graphene Ltd 0.069 1% -12% -40% -4% $41,100,286 HXG Hexagon Energy 0.01 11% 0% -41% -1% $5,129,159 TLG Talga Group Ltd 0.775 -18% -29% -48% -63% $305,702,108 MNS Magnis Energy Tech 0.042 -7% -14% -90% -33% $50,378,922 PLL Piedmont Lithium Inc 0.37 -8% -12% -57% -28% $145,216,536 EUR European Lithium Ltd 0.073 0% 1% -11% 0% $97,596,742 BKT Black Rock Mining 0.083 4% -28% -46% -5% $92,174,850 QEM QEM Limited 0.18 -3% -10% 0% 0% $27,250,508 LYC Lynas Rare Earths 6.03 -6% -15% -29% -182% $5,907,268,204 ESR Estrella Res Ltd 0.005 0% -17% -67% -1% $7,037,487 ARL Ardea Resources Ltd 0.515 18% -7% -40% -20% $103,218,515 GLN Galan Lithium Ltd 0.495 -18% -15% -59% -58% $204,868,922 JLL Jindalee Lithium Ltd 0.88 -8% -18% -56% -101% $55,489,908 VUL Vulcan Energy 2.11 -9% -12% -69% -422% $380,281,348 SBR Sabre Resources 0.028 -20% -28% -38% -1% $9,776,397 CHN Chalice Mining Ltd 1.58 2% -3% -76% -472% $632,065,369 VRC Volt Resources Ltd 0.008 14% 23% -50% -1% $24,780,640 NMT Neometals Ltd 0.18 -8% -26% -81% -60% $112,143,708 AXN Alliance Nickel Ltd 0.055 6% 0% -41% -4% $36,291,981 PNN Power Minerals Ltd 0.21 -5% -16% -60% -32% $18,342,879 IGO IGO Limited 7.71 -4% -14% -49% -575% $6,073,287,860 GED Golden Deeps 0.046 -4% -21% -54% -4% $5,429,550 ADV Ardiden Ltd 0.17 -6% -21% -51% -13% $10,627,976 SRI Sipa Resources Ltd 0.029 26% 38% -24% 0% $7,301,060 NTU Northern Min Ltd 0.03 -12% -3% -23% -1% $183,240,357 AXE Archer Materials 0.37 -5% -10% -45% -25% $95,567,630 PGM Platina Resources 0.023 -12% -8% 15% 0% $14,333,148 AAJ Aruma Resources Ltd 0.03 -6% -12% -55% -2% $5,906,745 IXR Ionic Rare Earths 0.021 -5% -19% -46% -1% $88,578,203 NIC Nickel Industries 0.68 -4% -14% -33% -29% $2,978,637,867 EVG Evion Group NL 0.032 -9% -16% -59% -4% $11,070,694 CWX Carawine Resources 0.12 9% 14% 32% 2% $28,335,054 PLS Pilbara Min Ltd 3.5 -1% 0% -22% -25% $10,834,084,602 HAS Hastings Tech Met 0.64 -7% -22% -83% -288% $86,028,824 BUX Buxton Resources Ltd 0.19 0% -7% 73% 8% $33,783,144 ARR American Rare Earths 0.145 0% 7% -34% -5% $66,963,495 SGQ St George Min Ltd 0.033 -8% -13% -55% -4% $31,490,770 TKL Traka Resources 0.004 0% 0% -20% 0% $3,501,317 PAN Panoramic Resources 0.035 0% -5% -81% -14% $103,937,992 PRL Province Resources 0.041 0% 0% -32% -2% $48,441,219 IPT Impact Minerals 0.009 -14% -31% 13% 0% $28,647,039 LIT Lithium Australia 0.03 0% -12% -36% -2% $34,221,367 AKE Allkem Limited 9.13 6% 1% -30% -211% $5,913,721,960 ARN Aldoro Resources 0.083 0% 0% -69% -8% $11,173,771 JRV Jervois Global Ltd 0.044 7% 19% -86% -23% $118,910,910 SYR Syrah Resources 0.64 11% -16% -75% -142% $446,092,502 FBM Future Battery 0.071 -4% -16% 37% 2% $38,430,431 ADD Adavale Resource Ltd 0.008 0% 0% -63% -1% $5,972,709 LTR Liontown Resources 1.28 -6% -15% -28% -4% $3,233,349,648 CTM Centaurus Metals Ltd 0.45 -8% -7% -63% -67% $235,057,376 VML Vital Metals Limited 0.01 0% 0% -60% -1% $53,061,498 BSX Blackstone Ltd 0.069 -17% -22% -53% -6% $31,737,157 POS Poseidon Nick Ltd 0.016 -6% -16% -57% -2% $59,397,128 CHR Charger Metals 0.19 -22% -42% -68% -26% $15,997,161 AVL Aust Vanadium Ltd 0.022 -4% 0% -12% 0% $109,309,349 AUZ Australian Mines Ltd 0.01 -29% -29% -85% -4% $8,830,434 TMT Technology Metals 0.24 14% 9% -29% -11% $54,671,487 RXL Rox Resources 0.185 -16% -12% 9% 1% $70,177,309 RNU Renascor Res Ltd 0.12 -11% -29% -59% -10% $317,425,937 GL1 Globallith 1.23 -2% 0% -42% -62% $325,331,624 ASN Anson Resources Ltd 0.145 0% -9% -29% -4% $180,003,484 SYA Sayona Mining Ltd 0.057 2% -30% -73% -13% $586,717,873 EGR Ecograf Limited 0.145 -9% -33% -41% -8% $70,374,932 ATM Aneka Tambang 1.18 0% 0% 12% 28% $1,538,306 TVN Tivan Limited 0.074 -8% -3% -14% 0% $113,196,071 ALY Alchemy Resource Ltd 0.01 0% -9% -63% -1% $11,780,763 GAL Galileo Mining Ltd 0.255 -4% -9% -71% -63% $55,334,980 BHP BHP Group Limited 47.56 1% 5% 0% 193% $240,967,889,474 LEL Lithenergy 0.545 -8% -9% -39% -23% $57,685,600 MMC Mitremining 0.235 -16% 12% -22% -5% $14,171,906 RMX Red Mount Min Ltd 0.004 33% -20% -20% 0% $8,020,728 GW1 Greenwing Resources 0.09 -10% -33% -73% -19% $17,425,148 AQD Ausquest Limited 0.011 -15% -8% -45% -1% $9,076,641 LML Lincoln Minerals 0.006 20% -8% -12% 0% $10,224,272 1MC Morella Corporation 0.0055 -8% -21% -66% -1% $30,893,997 REE Rarex Limited 0.027 4% -13% -52% -3% $18,451,437 MRC Mineral Commodities 0.031 7% -3% -51% -3% $28,549,705 PUR Pursuit Minerals 0.009 13% -10% -25% -1% $23,551,771 QPM Queensland Pacific 0.052 0% -5% -55% -6% $102,639,556 EMH European Metals Hldg 0.52 -5% -17% -22% -12% $68,511,809 BMM Balkanminingandmin 0.125 -7% -11% -58% -21% $9,235,267 PEK Peak Rare Earths Ltd 0.315 -13% -18% -32% -14% $84,685,269 LEG Legend Mining 0.017 -11% -15% -48% -2% $52,280,589 MOH Moho Resources 0.009 0% 29% -62% -1% $4,823,470 AML Aeon Metals Ltd. 0.011 0% 22% -61% -2% $12,060,407 G88 Golden Mile Res Ltd 0.02 -5% -23% -21% 0% $6,917,180 WKT Walkabout Resources 0.12 -20% -27% 9% -2% $92,298,450 TON Triton Min Ltd 0.022 -4% -12% -42% -1% $34,349,911 AR3 Austrare 0.125 -17% -34% -64% -28% $21,583,235 ARU Arafura Rare Earths 0.195 -3% 0% -55% -27% $433,239,762 MIN Mineral Resources. 61.02 2% 5% -33% -1618% $12,064,473,115 VMC Venus Metals Cor Ltd 0.1 -5% -5% 32% 2% $18,972,868 S2R S2 Resources 0.18 -10% 0% 9% 1% $84,189,712 CNJ Conico Ltd 0.005 0% 11% -38% 0% $7,850,475 VR8 Vanadium Resources 0.045 0% 0% -25% -1% $24,756,104 PVT Pivotal Metals Ltd 0.014 -22% -39% -71% -3% $10,805,893 BOA Boadicea Resources 0.035 -3% -26% -63% -6% $4,431,251 IPX Iperionx Limited 1.275 -10% -14% 72% 59% $279,960,435 SLZ Sultan Resources Ltd 0.014 -13% -7% -83% -7% $2,074,661 NKL Nickelxltd 0.051 -15% -22% -36% -3% $5,093,280 NVA Nova Minerals Ltd 0.325 16% 20% -52% -36% $67,484,788 MLS Metals Australia 0.034 -6% -8% -35% -1% $21,841,267 MQR Marquee Resource Ltd 0.028 0% -13% -49% -1% $11,988,147 MRR Minrex Resources Ltd 0.017 0% 13% -55% -2% $18,442,748 EVR Ev Resources Ltd 0.01 0% 0% -50% 0% $8,591,295 EFE Eastern Resources 0.009 0% -25% -71% -2% $11,177,518 CNB Carnaby Resource Ltd 0.8 13% 16% -4% -14% $130,277,070 BNR Bulletin Res Ltd 0.125 -4% -22% 25% 3% $33,765,532 AX8 Accelerate Resources 0.035 -15% -29% 21% 1% $20,487,663 AM7 Arcadia Minerals 0.074 -13% -17% -70% -13% $8,069,707 AS2 Askarimetalslimited 0.185 3% 6% -53% -25% $12,376,034 BYH Bryah Resources Ltd 0.013 -13% -38% -49% -1% $5,636,894 DTM Dart Mining NL 0.016 0% -16% -75% -4% $3,641,274 EMS Eastern Metals 0.029 -9% 4% -65% -5% $2,225,509 FG1 Flynngold 0.06 -21% -33% -35% -4% $8,455,720 GSM Golden State Mining 0.016 -16% -36% -66% -3% $3,821,764 IMI Infinitymining 0.14 0% 17% -61% -14% $10,900,361 LRV Larvottoresources 0.078 -3% -15% -56% -6% $4,976,849 LSR Lodestar Minerals 0.0045 13% 0% -10% 0% $9,105,288 RAG Ragnar Metals Ltd 0.022 5% -4% 36% 1% $10,427,581 CTN Catalina Resources 0.004 14% 14% -50% -1% $4,953,948 TMB Tambourahmetals 0.14 -10% -10% 4% 4% $11,611,649 TEM Tempest Minerals 0.008 0% -20% -68% -2% $4,346,760 EMC Everest Metals Corp 0.085 -2% -2% -6% 1% $15,348,612 WML Woomera Mining Ltd 0.031 19% 24% 55% 1% $37,004,531 KZR Kalamazoo Resources 0.105 -19% -5% -50% -11% $19,707,489 LMG Latrobe Magnesium 0.059 2% 20% -21% -2% $105,923,022 KOR Korab Resources 0.017 0% 6% -39% -1% $6,239,850 CMX Chemxmaterials 0.059 -21% -26% -69% -13% $3,566,581 NC1 Nicoresourceslimited 0.35 17% 9% -51% -26% $36,742,698 GRE Greentechmetals 0.445 -5% -45% 218% 31% $32,536,667 CMO Cosmometalslimited 0.06 0% 20% -52% -8% $2,081,800 FRB Firebird Metals 0.14 -10% -18% -22% -2% $19,482,596 S32 South32 Limited 3.05 -2% -3% -27% -95% $13,995,408,975 OMH OM Holdings Limited 0.45 -1% 0% -40% -25% $344,815,560 JMS Jupiter Mines. 0.165 -3% -11% -20% -6% $323,233,520 E25 Element 25 Ltd 0.475 -4% 22% -56% -41% $104,414,561 EMN Euromanganese 0.105 -13% 8% -71% -25% $25,627,658 KGD Kula Gold Limited 0.018 -28% 38% -40% -1% $9,226,047 LRS Latin Resources Ltd 0.2 11% -17% 60% 10% $596,153,333 CRR Critical Resources 0.019 -21% -44% -61% -2% $39,112,706 ENT Enterprise Metals 0.003 0% -25% -67% -1% $2,398,413 SCN Scorpion Minerals 0.041 3% -27% -45% -3% $17,488,366 GCM Green Critical Min 0.011 22% 57% -31% -1% $12,502,435 ENV Enova Mining Limited 0.009 0% 50% -31% -1% $5,768,364 RBX Resource B 0.08 -5% -27% -16% -1% $6,614,759 AKN Auking Mining Ltd 0.042 -16% 5% -56% -5% $9,444,502 RR1 Reach Resources Ltd 0.004 -20% -67% -20% 0% $12,841,188 EMT Emetals Limited 0.007 0% 0% -42% 0% $5,950,000 PNT Panthermetalsltd 0.06 9% -21% -69% -13% $3,669,000 WIN Widgienickellimited 0.115 17% -28% -68% -22% $24,431,494 WMG Western Mines 0.295 0% 5% 90% 14% $18,705,833 AVW Avira Resources Ltd 0.0015 0% -25% -50% 0% $4,267,580 CAI Calidus Resources 0.17 -13% 0% -48% -10% $109,842,661 GT1 Greentechnology 0.265 -16% -35% -71% -56% $75,940,093 KAI Kairos Minerals Ltd 0.015 0% -6% -34% -1% $39,313,683 MTM MTM Critical Metals 0.024 -4% 4% -73% -6% $2,384,090 NWM Norwest Minerals 0.029 -3% -12% -45% -3% $8,339,516 PGD Peregrine Gold 0.27 0% -10% -28% -12% $14,461,468 RAS Ragusa Minerals Ltd 0.04 0% -18% -71% -8% $5,703,951 RGL Riversgold 0.013 -19% 44% -55% -2% $12,366,399 SRZ Stellar Resources 0.0085 6% -6% -29% 0% $9,495,141 STM Sunstone Metals Ltd 0.015 -6% -17% -67% -2% $46,229,773 ZNC Zenith Minerals Ltd 0.155 11% -6% -38% -11% $49,333,324 WC8 Wildcat Resources 0.705 3% -12% 2418% 68% $860,330,131 ASO Aston Minerals Ltd 0.028 -10% -18% -70% -5% $37,556,864 THR Thor Energy PLC 0.028 -7% 12% -53% -3% $5,209,017 YAR Yari Minerals Ltd 0.009 -31% -44% -55% -1% $4,823,578 IG6 Internationalgraphit 0.175 6% -8% -37% -10% $15,572,919 LPM Lithium Plus 0.365 -10% -27% -23% -1% $36,544,985 ODE Odessa Minerals Ltd 0.007 -13% -22% -53% -1% $7,576,895 KOB Kobaresourceslimited 0.085 10% 0% -43% -6% $8,644,167 AZI Altamin Limited 0.052 -2% -13% -41% -3% $20,369,271 FTL Firetail Resources 0.082 -2% -17% -49% -8% $13,401,500 LNR Lanthanein Resources 0.01 67% 43% -67% -1% $14,187,931 CLZ Classic Min Ltd 0.001 0% 0% -91% -1% $12,357,082 NVX Novonix Limited 0.645 -8% -12% -64% -83% $320,060,157 OCN Oceanalithiumlimited 0.12 -4% 0% -73% -23% $6,899,945 SUM Summitminerals 0.105 0% -16% -38% -4% $5,003,998 DVP Develop Global Ltd 2.87 -4% 1% -2% -31% $720,337,827 XTCDA Xantippe Res Ltd 0.2 0% 0% -67% -40% $17,528,005 OD6 Od6Metalsltd 0.165 0% -13% -54% -17% $8,802,479 HRE Heavy Rare Earths 0.07 -22% -24% -53% -5% $4,294,643 LIN Lindian Resources 0.165 0% -6% -6% 1% $195,826,780 PEK Peak Rare Earths Ltd 0.315 -13% -18% -32% -14% $84,685,269 ILU Iluka Resources 6.83 -3% -4% -35% -270% $2,897,019,654 ASM Ausstratmaterials 1.32 0% -20% -19% -12% $216,829,577 ETM Energy Transition 0.04 -5% 21% -17% -2% $57,402,452 VMS Venture Minerals 0.01 -13% 0% -58% -1% $19,500,130 IDA Indiana Resources 0.059 -2% -2% 11% 0% $36,914,224 VTM Victory Metals Ltd 0.21 -5% -13% -7% -1% $17,907,924 M2R Miramar 0.024 26% 9% -68% -5% $4,168,347 WCN White Cliff Min Ltd 0.01 -17% -13% -29% 0% $14,042,153 TAR Taruga Minerals 0.01 -9% 11% -74% -1% $7,060,268 ABX ABX Group Limited 0.069 0% 1% -49% -5% $16,721,516 MEK Meeka Metals Limited 0.042 -5% 14% -35% -3% $49,967,775 RR1 Reach Resources Ltd 0.004 -20% -67% -20% 0% $12,841,188 DRE Dreadnought Resources Ltd 0.031 -6% -11% -65% -7% $110,622,250 KFM Kingfisher Mining 0.14 -18% 0% -73% -34% $7,520,100 AOA Ausmon Resorces 0.003 0% 20% -60% 0% $3,020,998 WC1 Westcobarmetals 0.079 34% 32% -54% -9% $8,575,144 GRL Godolphin Resources 0.038 0% 9% -52% -4% $6,431,197 DM1 Desert Metals 0.058 49% 45% -76% -14% $3,752,054 PTR Petratherm Ltd 0.04 3% -13% -32% -2% $8,765,294 ITM Itech Minerals Ltd 0.125 -11% -17% -57% -14% $15,883,863 KTA Krakatoa Resources 0.04 -7% 18% -32% 0% $19,828,503 M24 Mamba Exploration 0.038 27% 27% -77% -11% $2,134,417 LNR Lanthanein Resources 0.01 67% 43% -67% -1% $14,187,931 TKM Trek Metals Ltd 0.045 0% -8% -42% -3% $23,433,130 BCA Black Canyon Limited 0.135 13% -4% -50% -11% $7,836,268 CDT Castle Minerals 0.009 -10% -18% -64% -1% $11,020,437 DLI Delta Lithium 0.44 -5% -13% -2% -2% $308,920,004 A11 Atlantic Lithium 0.5 0% 25% -28% -12% $315,304,455 KNI Kunikolimited 0.25 -4% -17% -52% -26% $21,906,098 CY5 Cygnus Metals Ltd 0.135 -10% -13% -71% -25% $37,902,688 WR1 Winsome Resources 0.97 -14% -22% -26% -26% $194,197,628 LLI Loyal Lithium Ltd 0.31 -2% -25% -39% 2% $25,647,652 BC8 Black Cat Syndicate 0.255 -14% 16% -18% -10% $75,941,336 BUR Burleyminerals 0.165 0% -23% -41% -6% $15,700,997 PBL Parabellumresources 0.082 -76% -76% -81% -26% $21,493,500 L1M Lightning Minerals 0.145 -3% 7% -26% -2% $6,122,634 WA1 Wa1Resourcesltd 7.47 -11% -25% 302% 608% $340,197,600 EV1 Evolutionenergy 0.13 0% -4% -48% -10% $31,813,284 1AE Auroraenergymetals 0.075 -3% -23% -62% -8% $12,258,934 RVT Richmond Vanadium 0.305 -2% -15% 0% 7% $26,293,381 PMT Patriotbatterymetals 1.07 1% -1% -4% 32% $475,750,132 PAT Patriot Lithium 0.205 8% -2% -43% -6% $13,018,255 BM8 Battery Age Minerals 0.19 -10% -5% -62% -31% $16,936,009 OM1 Omnia Metals Group 0.078 0% 0% -54% -8% $3,786,192 VHM Vhmlimited 0.7 6% 47% 0% 0% $105,432,546 LLL Leolithiumlimited 0.505 0% 0% 0% 2% $498,553,663 SRN Surefire Rescs NL 0.01 5% 0% -17% 0% $18,367,531 SRL Sunrise 0.555 -9% -20% -72% -137% $51,429,674 SYR Syrah Resources 0.64 11% -16% -75% -142% $446,092,502 EG1 Evergreenlithium 0.18 -10% -3% 0% 0% $10,121,400 WSR Westar Resources 0.022 -12% 10% -61% -3% $4,633,938 LU7 Lithium Universe Ltd 0.028 -15% -28% -7% 0% $11,655,657 MEI Meteoric Resources 0.205 0% -15% 1181% 15% $408,260,396 REC Rechargemetals 0.095 -10% -30% -27% -4% $11,135,197 SLM Solismineralsltd 0.14 -13% -35% 84% 7% $10,596,043 DYM Dynamicmetalslimited 0.155 7% -23% 0% 0% $5,250,000 TOR Torque Met 0.225 25% 15% 29% 5% $28,913,298 ICL Iceni Gold 0.051 -18% -14% -54% -3% $13,791,786 TMX Terrain Minerals 0.005 0% 25% -29% 0% $6,767,139 MHC Manhattan Corp Ltd 0.004 0% 0% -33% 0% $11,747,919 MHK Metalhawk. 0.125 -19% -34% -48% -4% $12,426,806 ANX Anax Metals Ltd 0.025 -7% -14% -56% -3% $12,022,941 FIN FIN Resources Ltd 0.019 -14% -39% -17% 0% $11,686,837 LM1 Leeuwin Metals Ltd 0.18 -10% -32% 0% 0% $8,282,813 HAW Hawthorn Resources 0.09 13% -10% -31% -3% $30,151,405 LCY Legacy Iron Ore 0.016 0% -6% -16% 0% $96,102,393 RON Roninresourcesltd 0.225 13% 45% 18% 6% $7,694,572 ASR Asra Minerals Ltd 0.007 0% -13% -59% -1% $13,031,966 MGA MetalsGrove Mining 0.083 18% 8% 55% 44% $3,090,000 PFE Panteraminerals 0.051 -14% -19% -58% -6% $5,460,700

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What’s been surging?

(Circa 5pm-ish on December 12)

Charged up

Lanthanein Resources (ASX:LNR)+67% (Acquiring a 70% interest in Lady Grey lithium-tantalum project, just 400m west of the massive Earl Grey lithium mine at Mount Holland, WA. More > here)

Desert Metals (ASX:DM1)+49% (Oversubscribed $3.75m funding placement to help support the company’s gold and lithium acquisition in Côte d’Ivoire – CDI Resources Limited. More > here)

West Cobar Metals (ASX:WC1)+34% (A battery metals hunter, yes, but actually making recent gains based on its Salazar REE project operations in WA. More > here)

 

Plugged in elsewhere

Some more battery metals pertinence kicking about on the head of Tesla’s social platform…

This first one especially caught our eyes, given the attention lepidolite has been receiving lately as a potential rival to spodumene.

Thought i might do a quick post giving my view on lepidolite given its getting so much attention recently. The general consensus is that the reason the spot price of lithium hydroxide and spodumene concentrate are decreasing is due to the Chinese rapidly processing significant… pic.twitter.com/PSF2yoXGhS

— Dwayne Sparkes (@sparkes_dwayne) December 12, 2023

TLDR? The tweet’s author, prospector Dwayne Sparkes concluded with this:

“In my opinion, there is no chance that lepidolite will ever be processed cheaper than spodumene. Also, it seems that spodumene is actually more common than lepidolite from the deposits I’ve studied. Has anyone ever found an Andover that’s lepidolite dominated!? I think the market is flooded with artisian mined lepidolite that will soon become exhausted.”

Elsewhere…

The energy storage revolution 2016 to 2023 in one @benchmarkmin chart

We expect the total lithium ion battery market to stop just shy of 1TWh in size in 2023.

While the growth of EVs have been front and centre of the discussion, ESS is emerging and now accounts for 13% of… pic.twitter.com/a7uRDLoNmX

— Simon Moores (@sdmoores) December 11, 2023

The best indicator of #lithium demand is GWH produced. The 2023 narrative of “soft demand” requires nuance. Demand is clear – but much of the lithium supplied has been from dwindling inventory across the SC in the form of chemicals, cathode, cells. Guess what happens in 2024? pic.twitter.com/zXV252tf30

— Joe Lowry (@globallithium) December 11, 2023

All #lithium ore & chemical prices fell today in the Chinese spot market reinforcing the downward trend of the last 4 months or so. In addition, all futures but 2 also went down changing to a great extent last week’s upward trend. Volatility continues to be the order of the day. pic.twitter.com/UhwovfsSuS

— Juan Carlos Zuleta (@jczuleta) December 11, 2023

LOL @GoldmanSachs was “right” like a stopped clock is correct twice a day. A gross over simplification of the #lithium mkt & price narrative. Let’s see if the “flood” of lepidolite does anything more long term than prop up the cost curve & ensure high margins for low cost brine. https://t.co/1sz5pFE52p

— Joe Lowry (@globallithium) December 11, 2023

In a lithium ion battery industry that has grown an order of magnitude in 7 years, what has become clear is the basic tailwinds for this technology.

Lithium ion batteries are getting better

Cell chemistries, pack technology, vehicle engineering are all significantly…

— Simon Moores (@sdmoores) December 11, 2023

The post High Voltage: Reasons to stay plugged into lithium and other battery metals in 2024 appeared first on Stockhead.

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