What’s new in battery battered metals this week? Lithium stocks, in particular, took a pounding on Monday. Any improvement come Wednesday?
To counterbalance that gloom somewhat, though, copper is giving off a decent dull glow
New report predicts increasing demand for the red metal in EVs over the next decade
ASX battery metal stocks so far this week led by: KOB, RIL and OD6
As the loving feeling for lithium (and nickel) appears lost right about now – exacerbated by plummeting spot prices but also the gloom surrounding the high-profile Liontown funding cut this week – where do we turn to for a feel-good story? The headline will tell you and we’ll get to that momentarily.
As Josh Chiat put it in yesterday’s Monsters of Rock:
It’s been a rough week for investors in lithium stocks, especially Liontown Resources (ASX:LTR) or people named Gina Rinehart and Tim Goyder.
Actually not all is lost for Li and Ni for true believers (taking a longer-term view on the EV narrative for instance).
On Tuesday, ASX lithium stocks generally saw something of a rebound on dip buying ahead of Thursday’s meeting of mining industry participants with the Australian and WA government ministers.
And then there was a very decent M&A narrative courtesy of Aussie lithium stock Lithium Power International (ASX:LPI), involving Chilean copper bigwig Codelco. Essentially, Lithium Power International shareholders have approved a $365 million cash takeover that will see Codelco snare their Maricunga brine asset.
Also… this:
Future #lithium carbonate prices are on the rise in China right now. So are Tianqi and Ganfeng’s share prices. Will there be a new rebound in Li2CO3 prices in the Chinese spot market today? pic.twitter.com/ifs47do0iI
— Juan Carlos Zuleta (@jczuleta) January 23, 2024
But in the meantime, Cu, which is used as part of the wiring setup in EVs among other clean-energy tech uses, appears to be having something of a resurgence of late after a heavily fluctuated 2023.
That’d be copper, periodic table flunkers.
Cases in point:
• ASX copper plays, including: Cobre, True North, Hot Chili, NEX, Aeon and Aeris have all made strong gains at various stages this week, to name more than a handful.
• BHP – Australia’s biggest copper producer – just announced the latest six companies out of a very long shortlist of about 500 to join its Xplor funding/acceleration program. And they include two ASX stocks, one of which is copper pure play Cobre. The other is Hamelin Gold, which is on the hunt for gold as well as nickel-copper-PGE.
• Global investment manager Sprott likes copper’s forecast – along with gold, silver and uranium, that is.
“Despite economic challenges, copper demonstrated remarkable resilience compared to other commodities like lithium and nickel,” said Sprott’s analysts about the commodity’s performance last year.
And the firm believes the crucial supply and demand factor looks to be standing copper in good stead for 2024.
“There is also the potential for mergers and acquisitions in the industry as many large miners prioritize copper as a strategic metal, adding an additional layer of optimism for existing copper miners,” said the Sprott analysts.
You can read more about that > here.
• And then there’s this report that caught High Voltage’s eye earlier this week…
Copper demand in EVs could surge over next decade: new report
“The growing electrification of the automotive market will drive a 3.1-fold increase in copper demand for EV motors in 2034 compared with 2023.” So says market research firm IDTechEx.
The firm has released a new report it’s titled Copper Demand for Cars 2024-2034: Trends, Utilization, Forecasts and overall it’s bullish on copper’s part in an EV-dominated automotive future. Not so much rare earths, however.
“The market has heavily relied on rare earths for the permanent magnets used in these motors, but, as many will be aware, there is a drive to eliminate these rare earths due to their price volatility and environmental impact,” wrote IDTechEx, adding:
“Alternative motor technologies can often present a new and increased demand for copper.”
IDTechEx research director Dr James Edmondson notes that electric motors are in the process of undergoing a significant change, with a push towards magnet-free motors that would in turn increase the use of copper in wound-rotor motor alternatives.
“The wound rotor motor is proving to be the go-to magnet-free option,” notes Edmondson in the report, “and the use of copper windings on the rotor significantly increases the copper content of the motor, with some examples presenting more than double the copper of a comparable permanent magnet motor.”
The report looks into other technologies, too, that don’t use as much copper, such as the reluctance rotor, which is steel heavy, but it takes a favourable view on copper-based EV components when considering the likely evolution of the technology over the next 10 years.
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 4pm Jan 23.)
Stocks missing from this list? Email [email protected]
Code Company Price % Week % Month % Year Market Cap PVW PVW Res Ltd 0.05 14% 4% -55% $5,171,644 A8G Australasian Metals 0.135 -4% -21% -29% $7,036,267 INF Infinity Lithium 0.09 -6% -4% -28% $37,007,367 LPI Lithium Pwr Int Ltd 0.555 0% 2% 18% $355,493,683 PSC Prospect Res Ltd 0.08 -5% -10% -30% $34,749,897 PAM Pan Asia Metals 0.17 0% 36% -57% $27,689,768 CXO Core Lithium 0.195 -7% -25% -82% $438,071,787 LOT Lotus Resources Ltd 0.305 -9% -2% 36% $545,117,233 AGY Argosy Minerals Ltd 0.091 -24% -30% -86% $129,205,490 AZS Azure Minerals 3.67 0% -2% 964% $1,683,354,040 NWC New World Resources 0.037 -16% -3% -20% $88,471,190 QXR Qx Resources Limited 0.019 -14% -24% -63% $23,311,635 GSR Greenstone Resources 0.008 -11% 14% -71% $10,944,908 CAE Cannindah Resources 0.086 -7% -14% -65% $51,449,116 AZL Arizona Lithium Ltd 0.023 -8% -28% -66% $90,164,901 RIL Redivium Limited 0.0065 30% 30% -64% $16,385,129 COB Cobalt Blue Ltd 0.2 -7% -11% -66% $82,677,543 LPD Lepidico Ltd 0.007 0% -13% -56% $45,829,848 MRD Mount Ridley Mines 0.002 0% 0% -60% $15,569,766 CZN Corazon Ltd 0.013 -7% -13% -48% $8,002,773 LKE Lake Resources 0.096 -13% -23% -88% $149,356,694 DEV Devex Resources Ltd 0.265 -13% 10% -5% $116,915,528 INR Ioneer Ltd 0.11 -15% -19% -76% $232,255,336 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.039 0% -11% -9% $24,630,397 RLC Reedy Lagoon Corp. 0.005 0% 0% -53% $3,097,704 GBR Greatbould Resources 0.058 -5% -12% -34% $37,717,294 FRS Forrestaniaresources 0.03 -25% 7% -83% $4,691,787 STK Strickland Metals 0.105 0% 22% 169% $182,578,675 MLX Metals X Limited 0.27 0% -4% -34% $240,425,508 CLA Celsius Resource Ltd 0.011 0% -15% -45% $26,952,620 FGR First Graphene Ltd 0.06 -8% -14% -43% $41,513,959 HXG Hexagon Energy 0.01 -17% -17% -38% $5,129,159 TLG Talga Group Ltd 0.58 -12% -26% -66% $212,662,336 MNS Magnis Energy Tech 0.042 0% 0% -90% $50,378,922 PLL Piedmont Lithium Inc 0.265 -22% -38% -69% $102,265,753 EUR European Lithium Ltd 0.085 -11% 18% 5% $118,510,330 BKT Black Rock Mining 0.067 -11% -17% -57% $76,812,375 QEM QEM Limited 0.19 -3% -3% 0% $30,278,342 LYC Lynas Rare Earths 5.79 -8% -17% -33% $5,486,655,752 ESR Estrella Res Ltd 0.006 20% 20% -67% $8,796,859 ARL Ardea Resources Ltd 0.415 -8% -12% -48% $81,762,020 GLN Galan Lithium Ltd 0.53 -9% -4% -54% $183,805,586 JLL Jindalee Lithium Ltd 1.005 2% 20% -49% $64,724,425 VUL Vulcan Energy 2.04 -5% -21% -70% $340,704,556 SBR Sabre Resources 0.026 -7% -10% -47% $9,730,810 CHN Chalice Mining Ltd 1.015 -13% -39% -85% $396,742,570 VRC Volt Resources Ltd 0.006 -14% 0% -57% $28,910,747 NMT Neometals Ltd 0.16 -18% -18% -81% $99,630,451 AXN Alliance Nickel Ltd 0.035 -15% -20% -67% $29,759,424 PNN Power Minerals Ltd 0.18 -5% -16% -64% $16,164,579 IGO IGO Limited 7.21 -5% -20% -51% $5,316,020,047 GED Golden Deeps 0.04 -7% -15% -60% $4,620,894 ADV Ardiden Ltd 0.16 -6% -11% -50% $10,315,388 SRI Sipa Resources Ltd 0.022 -21% -12% -31% $5,703,953 NTU Northern Min Ltd 0.025 -14% -26% -40% $159,596,440 AXE Archer Materials 0.345 -1% -4% -44% $76,454,104 PGM Platina Resources 0.019 -10% -10% 0% $12,463,607 AAJ Aruma Resources Ltd 0.018 -28% -31% -81% $4,922,288 IXR Ionic Rare Earths 0.018 -22% -18% -53% $81,329,682 NIC Nickel Industries 0.56 -13% -16% -48% $2,442,911,632 EVG Evion Group NL 0.026 -10% -26% -58% $9,340,898 CWX Carawine Resources 0.105 0% -5% -15% $24,793,172 PLS Pilbara Min Ltd 3.27 -8% -15% -28% $10,021,528,257 HAS Hastings Tech Met 0.605 -17% -20% -84% $82,794,657 BUX Buxton Resources Ltd 0.14 -13% -20% 17% $27,719,503 ARR American Rare Earths 0.14 -10% 0% -32% $64,731,378 SGQ St George Min Ltd 0.03 -12% -6% -62% $31,492,117 TKL Traka Resources 0.002 0% -33% -64% $1,750,659 PAN Panoramic Resources 0.035 0% 0% -82% $103,937,992 PRL Province Resources 0.041 0% 0% -34% $48,441,219 IPT Impact Minerals 0.012 0% 20% 20% $34,376,447 LIT Lithium Australia 0.029 -3% -3% -40% $35,443,558 ARN Aldoro Resources 0.095 0% 16% -60% $11,039,147 JRV Jervois Global Ltd 0.032 -18% -24% -89% $89,183,183 SYR Syrah Resources 0.41 -18% -33% -82% $263,600,115 FBM Future Battery 0.061 -9% -15% 3% $34,694,139 ADD Adavale Resource Ltd 0.008 -27% 14% -63% $6,489,377 LTR Liontown Resources 0.91 -36% -40% -34% $2,276,665,670 CTM Centaurus Metals Ltd 0.29 -40% -38% -76% $158,354,443 VML Vital Metals Limited 0.005 0% -17% -80% $35,370,402 BSX Blackstone Ltd 0.063 -2% -7% -60% $32,510,415 POS Poseidon Nick Ltd 0.008 -27% -33% -82% $33,421,813 CHR Charger Metals 0.13 -24% -24% -67% $10,451,734 AVL Aust Vanadium Ltd 0.02 0% 0% -33% $94,403,529 AUZ Australian Mines Ltd 0.009 13% -10% -85% $7,560,394 TMT Technology Metals 0.26 4% 12% -26% $66,114,356 RXL Rox Resources 0.15 -12% -19% -23% $57,249,910 RNU Renascor Res Ltd 0.077 -20% -36% -70% $203,152,600 GL1 Globallith 0.52 -29% -55% -75% $137,940,608 ASN Anson Resources Ltd 0.094 -15% -30% -48% $126,002,439 SYA Sayona Mining Ltd 0.04 -22% -38% -84% $432,318,433 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.145 4% 7% -31% $65,834,614 ATM Aneka Tambang 1.18 0% 0% 12% $1,538,306 TVN Tivan Limited 0.056 -7% -11% -35% $91,219,190 ALY Alchemy Resource Ltd 0.008 -20% -20% -50% $10,602,686 GAL Galileo Mining Ltd 0.215 -7% -14% -77% $43,477,484 BHP BHP Group Limited 46.3 -2% -7% -7% $232,401,719,234 LEL Lithenergy 0.44 -18% -19% -42% $46,869,550 MMC Mitremining 0.21 -9% -18% -26% $11,337,525 RMX Red Mount Min Ltd 0.002 -33% -33% -60% $8,020,728 GW1 Greenwing Resources 0.11 0% -4% -63% $19,167,663 AQD Ausquest Limited 0.01 -9% -9% -33% $8,251,492 LML Lincoln Minerals 0.005 0% -17% -72% $8,520,226 1MC Morella Corporation 0.0045 -25% -25% -70% $24,715,198 REE Rarex Limited 0.021 -16% -19% -60% $15,717,891 MRC Mineral Commodities 0.03 -14% -6% -52% $28,549,705 PUR Pursuit Minerals 0.006 -25% -20% -71% $20,607,800 QPM Queensland Pacific 0.04 -22% -22% -64% $82,514,153 EMH European Metals Hldg 0.29 -9% -40% -56% $38,501,832 BMM Balkanminingandmin 0.091 -8% -30% -72% $6,890,930 PEK Peak Rare Earths Ltd 0.29 -13% -19% -32% $77,123,110 LEG Legend Mining 0.013 0% -19% -69% $40,662,681 MOH Moho Resources 0.01 -9% -9% -52% $5,359,412 AML Aeon Metals Ltd. 0.01 -9% 11% -66% $9,867,606 G88 Golden Mile Res Ltd 0.015 -12% -12% -35% $4,940,843 WKT Walkabout Resources 0.11 -15% -15% 5% $77,195,067 TON Triton Min Ltd 0.02 -9% -9% -46% $31,227,853 AR3 Austrare 0.125 -11% -17% -60% $21,583,235 ARU Arafura Rare Earths 0.13 -16% -19% -75% $317,746,057 MIN Mineral Resources. 54.09 -11% -21% -40% $10,257,046,791 VMC Venus Metals Cor Ltd 0.098 -2% -7% 12% $18,593,411 S2R S2 Resources 0.135 -10% -25% -21% $63,260,119 CNJ Conico Ltd 0.0045 -10% -10% -50% $7,065,427 VR8 Vanadium Resources 0.047 -6% -16% -33% $26,334,110 PVT Pivotal Metals Ltd 0.02 -17% -9% -51% $13,601,116 BOA Boadicea Resources 0.031 -6% -11% -70% $4,308,161 IPX Iperionx Limited 1.68 12% 26% 100% $361,119,056 SLZ Sultan Resources Ltd 0.016 0% -30% -80% $2,371,041 NKL Nickelxltd 0.032 -33% -18% -60% $2,810,085 NVA Nova Minerals Ltd 0.33 -3% -3% -50% $69,593,687 MLS Metals Australia 0.032 -6% -9% -33% $20,905,212 MQR Marquee Resource Ltd 0.02 -20% -20% -47% $9,507,841 MRR Minrex Resources Ltd 0.013 -19% -24% -65% $16,273,013 EVR Ev Resources Ltd 0.01 -23% 11% -29% $10,995,883 EFE Eastern Resources 0.008 0% 0% -53% $8,693,625 CNB Carnaby Resource Ltd 0.655 -16% -15% -36% $112,363,973 BNR Bulletin Res Ltd 0.081 -38% -33% -23% $26,718,812 AX8 Accelerate Resources 0.029 -9% -33% 4% $14,900,646 AM7 Arcadia Minerals 0.07 0% -9% -70% $7,633,507 AS2 Askarimetalslimited 0.14 -13% -20% -79% $12,082,283 BYH Bryah Resources Ltd 0.011 -15% -21% -55% $5,636,894 DTM Dart Mining NL 0.014 -13% -13% -74% $3,186,115 EMS Eastern Metals 0.036 0% 9% -57% $2,967,345 FG1 Flynngold 0.053 -7% 4% -47% $8,597,731 GSM Golden State Mining 0.011 -15% -27% -74% $3,073,077 IMI Infinitymining 0.12 -8% -23% -54% $16,031,708 LRV Larvottoresources 0.064 -9% -15% -61% $14,311,145 LSR Lodestar Minerals 0.003 -14% -25% -40% $6,070,192 RAG Ragnar Metals Ltd 0.023 -4% -4% 85% $10,901,562 CTN Catalina Resources 0.003 -14% -25% -67% $3,715,461 TMB Tambourahmetals 0.09 -18% -22% -33% $7,547,572 TEM Tempest Minerals 0.007 -22% -13% -74% $4,152,995 EMC Everest Metals Corp 0.079 -2% -4% -25% $12,899,366 WML Woomera Mining Ltd 0.006 -76% -76% -68% $9,745,112 KZR Kalamazoo Resources 0.093 -19% -11% -58% $15,917,640 LMG Latrobe Magnesium 0.053 -4% -9% -31% $105,316,253 KOR Korab Resources 0.015 -17% -6% -40% $5,872,800 CMX Chemxmaterials 0.076 -11% 9% -53% $7,280,767 NC1 Nicoresourceslimited 0.255 -18% -24% -61% $27,690,150 GRE Greentechmetals 0.25 -34% -46% 100% $22,616,315 CMO Cosmometalslimited 0.065 0% 5% -57% $2,255,283 FRB Firebird Metals 0.1 -9% -33% -46% $14,236,140 S32 South32 Limited 3.28 -8% 1% -28% $14,267,164,489 OMH OM Holdings Limited 0.485 -5% 8% -35% $375,465,832 JMS Jupiter Mines. 0.17 -3% 3% -29% $333,115,904 E25 Element 25 Ltd 0.3 -8% -19% -71% $67,434,404 EMN Euromanganese 0.086 5% -14% -76% $20,119,888 KGD Kula Gold Limited 0.012 -20% -20% -56% $5,451,755 LRS Latin Resources Ltd 0.175 -24% -30% 46% $475,363,554 CRR Critical Resources 0.015 -17% -21% -65% $28,445,604 ENT Enterprise Metals 0.004 0% 0% -60% $3,207,884 SCN Scorpion Minerals 0.028 -7% -18% -62% $12,693,142 GCM Green Critical Min 0.007 -13% -30% -65% $7,956,095 ENV Enova Mining Limited 0.02 -9% 18% 54% $13,459,516 RBX Resource B 0.075 3% -4% -9% $6,201,336 AKN Auking Mining Ltd 0.041 -15% -5% -58% $9,214,148 RR1 Reach Resources Ltd 0.003 -25% -25% -25% $9,630,891 EMT Emetals Limited 0.007 0% 0% -36% $5,950,000 PNT Panthermetalsltd 0.05 -17% -17% -70% $5,101,500 WIN Widgienickellimited 0.082 -22% -16% -77% $27,708,890 WMG Western Mines 0.18 -8% -29% 13% $12,499,811 AVW Avira Resources Ltd 0.002 0% 0% -33% $4,267,580 CAI Calidus Resources 0.195 -11% -3% -54% $123,995,000 GT1 Greentechnology 0.165 -20% -34% -81% $53,932,856 KAI Kairos Minerals Ltd 0.013 -7% -13% -40% $34,071,858 MTM MTM Critical Metals 0.076 -12% 58% -5% $8,700,745 NWM Norwest Minerals 0.025 -7% -7% -56% $7,189,238 PGD Peregrine Gold 0.3 2% 25% -35% $19,763,962 RAS Ragusa Minerals Ltd 0.035 -8% 6% -70% $4,990,958 RGL Riversgold 0.009 -18% -25% -68% $9,676,615 SRZ Stellar Resources 0.007 17% -13% -46% $8,043,185 STM Sunstone Metals Ltd 0.012 -8% -14% -71% $41,852,819 ZNC Zenith Minerals Ltd 0.16 -3% -6% -36% $58,142,846 WC8 Wildcat Resources 0.415 -33% -40% 1217% $496,272,821 ASO Aston Minerals Ltd 0.02 5% -23% -76% $25,901,285 THR Thor Energy PLC 0.035 -8% 21% -42% $6,697,308 YAR Yari Minerals Ltd 0.01 0% 11% -38% $4,823,578 IG6 Internationalgraphit 0.145 -3% -6% -41% $13,348,216 LPM Lithium Plus 0.22 -19% -31% -40% $19,347,345 ODE Odessa Minerals Ltd 0.008 0% 14% -43% $8,346,260 KOB Kobaresourceslimited 0.135 59% 69% -10% $14,231,250 AZI Altamin Limited 0.058 0% 12% -22% $26,115,438 FTL Firetail Resources 0.06 -6% -20% -59% $9,083,239 CLZ Classic Min Ltd 0.001 0% 0% -90% $12,357,082 NVX Novonix Limited 0.545 -16% -17% -69% $268,872,264 OCN Oceanalithiumlimited 0.072 -21% -40% -83% $3,785,355 SUM Summitminerals 0.096 -4% -13% -34% $4,527,427 DVP Develop Global Ltd 1.98 -20% -31% -42% $482,880,626 OD6 Od6Metalsltd 0.14 27% -3% -49% $6,601,860 HRE Heavy Rare Earths 0.055 0% -14% -56% $3,266,348 LIN Lindian Resources 0.145 -5% -6% -41% $167,028,724 PEK Peak Rare Earths Ltd 0.29 -13% -19% -32% $77,123,110 ILU Iluka Resources 6.63 -2% -1% -38% $2,764,949,640 ASM Ausstratmaterials 1.035 -12% -13% -26% $176,799,501 ETM Energy Transition 0.043 2% 13% -16% $54,602,332 VMS Venture Minerals 0.008 14% 14% -71% $17,680,104 IDA Indiana Resources 0.077 -6% 20% 28% $47,988,491 VTM Victory Metals Ltd 0.21 0% -2% 0% $18,721,921 M2R Miramar 0.024 -14% 14% -68% $3,572,869 WCN White Cliff Min Ltd 0.015 0% 67% 25% $20,693,749 TAR Taruga Minerals 0.008 14% -33% -62% $5,648,214 ABX ABX Group Limited 0.072 1% 0% -37% $18,002,903 MEK Meeka Metals Limited 0.0395 -1% -1% -33% $46,918,939 RR1 Reach Resources Ltd 0.003 -25% -25% -25% $9,630,891 DRE Dreadnought Resources Ltd 0.022 -15% -29% -77% $86,976,824 KFM Kingfisher Mining 0.12 -14% -25% -76% $6,982,950 AOA Ausmon Resorces 0.003 0% 0% -50% $3,020,998 WC1 Westcobarmetals 0.055 -21% -28% -69% $7,731,221 GRL Godolphin Resources 0.039 -11% -3% -63% $6,769,681 DM1 Desert Metals 0.033 -28% -35% -82% $2,626,438 PTR Petratherm Ltd 0.03 -19% -12% -59% $6,967,285 ITM Itech Minerals Ltd 0.091 -4% -24% -69% $11,607,438 KTA Krakatoa Resources 0.019 -5% -47% -57% $8,970,037 M24 Mamba Exploration 0.05 2% 22% -77% $3,524,525 LNR Lanthanein Resources 0.006 -40% -45% -73% $10,318,495 TKM Trek Metals Ltd 0.038 -3% -5% -49% $19,496,921 BCA Black Canyon Limited 0.11 5% -21% -59% $7,715,561 CDT Castle Minerals 0.006 -25% -29% -74% $8,571,451 DLI Delta Lithium 0.27 -13% -41% -43% $188,632,205 A11 Atlantic Lithium 0.37 -8% -8% -48% $226,952,452 KNI Kunikolimited 0.245 -11% -21% -58% $21,611,067 CY5 Cygnus Metals Ltd 0.081 -23% -35% -79% $27,115,000 WR1 Winsome Resources 0.585 -19% -43% -73% $113,517,105 LLI Loyal Lithium Ltd 0.23 -33% -23% -43% $22,071,140 BC8 Black Cat Syndicate 0.23 -2% -10% -46% $66,828,375 BUR Burleyminerals 0.13 -7% -16% -43% $13,428,578 PBL Parabellumresources 0.06 -9% -14% -88% $3,800,300 L1M Lightning Minerals 0.095 -5% -32% -50% $4,222,506 WA1 Wa1Resourcesltd 10 -13% -19% 587% $438,004,410 EV1 Evolutionenergy 0.135 -4% -4% -41% $32,950,000 1AE Auroraenergymetals 0.135 -18% 35% -13% $22,288,970 RVT Richmond Vanadium 0.32 23% 10% 33% $27,155,459 PMT Patriotbatterymetals 0.7 -20% -35% -44% $362,880,115 PAT Patriot Lithium 0.155 -9% -14% -47% $9,592,398 BM8 Battery Age Minerals 0.185 -10% 0% -63% $16,490,343 OM1 Omnia Metals Group 0.078 0% 0% -48% $3,786,192 VHM Vhmlimited 0.595 -1% -16% -44% $92,349,675 LLL Leolithiumlimited 0.505 0% 0% -6% $498,553,663 SRN Surefire Rescs NL 0.009 0% 0% -40% $17,668,420 SRL Sunrise 0.38 -17% -16% -81% $37,895,549 SYR Syrah Resources 0.41 -18% -33% -82% $263,600,115 EG1 Evergreenlithium 0.13 -16% -32% 0% $7,028,750 WSR Westar Resources 0.019 0% 6% -62% $3,614,472 LU7 Lithium Universe Ltd 0.024 -11% -29% -40% $10,101,569 MEI Meteoric Resources 0.195 -19% -20% 179% $398,023,969 REC Rechargemetals 0.081 -13% -12% -42% $8,908,158 SLM Solismineralsltd 0.12 -4% -25% 22% $9,800,088 DYM Dynamicmetalslimited 0.14 -13% 0% -26% $5,400,000 TOR Torque Met 0.2 -9% -11% 25% $27,372,437 ICL Iceni Gold 0.05 -23% -6% -60% $12,071,674 TMX Terrain Minerals 0.005 0% 0% -17% $6,767,139 MHC Manhattan Corp Ltd 0.004 0% 0% -43% $13,216,409 MHK Metalhawk. 0.089 -26% -32% -43% $8,847,886 ANX Anax Metals Ltd 0.02 -26% -33% -69% $11,120,906 FIN FIN Resources Ltd 0.017 -11% -6% 6% $11,686,837 LM1 Leeuwin Metals Ltd 0.125 -11% -17% 0% $6,090,717 HAW Hawthorn Resources 0.098 -2% -1% -11% $32,831,530 LCY Legacy Iron Ore 0.017 0% 6% 0% $115,322,872 RON Roninresourcesltd 0.155 -3% -11% -3% $5,707,877 ASR Asra Minerals Ltd 0.006 -14% -25% -68% $11,455,470 PFE Panteraminerals 0.049 -8% -6% -66% $6,631,127 KM1 Kalimetalslimited 0.535 3% 0% 0% $40,843,021
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What’s hot and not over the seven days?
CHARGED UP
Koba Resources (ASX:KOB) +59%
Redivium (ASX: RIL) +30%
OD6 Metals (ASX:OD6) +27%
LOW ON JUICE
Woomera Mining (ASX:WML) -76%
Lanthanein Resources (ASX:LNR) -40%
Centaurus Metals (ASX:CTM) -40%
More lithium head commentary
… from around the traps on Tesla boss Elon Musk’s social platform.
The Squeeze will be Massive IMO https://t.co/zYFm4JXbPx
— Rui (@Ruycorto) January 22, 2024
while an entire industry collapses, one of the most cost effective future producers is inconspicuously emerging. $GLN #Lithium https://t.co/oyvSBl0ffC
— daando37 (@daando37) January 22, 2024
This is superb news for #lithium. #Hydrogen will benefit from the new deal too. Expect fierce competition between the two, particularly in the truck segment of the EV market, in the coming years. https://t.co/dCfj52bjHQ pic.twitter.com/Hc0royNCrs
— Juan Carlos Zuleta (@jczuleta) January 21, 2024
#UBS predicts that #lithium supply will increase by 40% in 2024, but demand by only 25%. This has put further pressure on lithium stocks.
How good are these analysts’ predictions? Let’s look back to 2017, when they gave Syrah a price target of AUD 3.80.
Today, the stock is… pic.twitter.com/YvEsUoGc4l
— DER GOLDREPORT – #Gold #Silver (@DerGoldreport) January 22, 2024
3/ 4) Lepidolite prices have been flat for the last 2 weeks suggesting an upward pressure there.
5) Overall, #lithium prices seem to have reached the bottom but the general rebound will have to wait at least another 2 months until the de-stocking in the battery industry ends.
— Juan Carlos Zuleta (@jczuleta) January 22, 2024
Wall Street is timidly testing possible pivot for #lithiumstocks after January disastrous sell-off.$SLI, the most oversold lithium stock, has two digit growth today. $ALB and $ALTM are green. pic.twitter.com/gSfL4G4gkb
— Andrey Prykhodko (@Andr_rej) January 22, 2024
But the Act has been under fire, and it is likely that an election year could turn up the rhetorical heat.
Below, Benchmark examines what the US 2024 elections could mean for the #IRA and #EV battery supply chain https://t.co/GSWpQBoO1J
(2/2)
— Benchmark Mineral Intelligence (@benchmarkmin) January 22, 2024
Lithium investors.
Where are we at?
Judging by the tweets I’m seeing, depression…#lithium $ASX pic.twitter.com/dsVkgE4XKq
— that stock chick (@ausstockchick) January 22, 2024
The post High Voltage: As lithium comes a-cropper, gains hunters look to copper. (Yeah, it rhymes) appeared first on Stockhead.
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