Lithium, cobalt, graphite and nickel proceed to draw world consideration. Right here’s a listing of the highest battery metals shares on the ASX by market cap.
As demand for the lithium-ion batteries used to energy electrical autos will increase, so too will the necessity for key battery metals reminiscent of lithium, cobalt and graphite, and up-and-comer nickel.
The inexperienced power transition has taken over information headlines world wide, as governments and automakers search for methods to strengthen provide chains for uncooked supplies.
For traders all in favour of leaping into the battery metals house, right here’s a listing of the highest battery metals shares on the ASX by market cap. All information was obtained utilizing TradingView’s inventory screener on August 24, 2021.
1. Mineral Sources (ASX:MIN)
Market cap: AU$9.65 billion; present share value: AU$52.09
Mineral Sources is a number one mining companies supplier with a specific deal with the iron ore and hard-rock lithium sectors in Western Australia. Its present lithium initiatives embody Mount Marion and Wodgina.
The Mount Marion lithium venture, which is situated in Kalgoorlie, Western Australia, is collectively owned by Mineral Sources and high lithium producer Jiangxi Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460). The asset was initially anticipated to supply 206,000 tonnes every year (tpa) of spodumene focus, however a present improve venture is underway to extend manufacturing to 450,000 tpa of all-in 6 p.c spodumene focus.
In December 2018, the corporate entered a 50/50 three way partnership with high producer Albemarle (NYSE:ALB) for its Wodgina hard-rock lithium venture, which is able to produce spodumene focus and, sooner or later, lithium hydroxide. Wodgina, thought-about the world’s largest hard-rock lithium deposit, has a JORC mineral useful resource of 233 million tonnes and an inaugural possible hard-rock reserve within the Cassiterite pit of 142.4 million tonnes.
2. Pilbara Minerals (ASX:PLS)
Market cap: AU$6.6 billion; present share value: AU$2.25
Headquartered in Perth, Pilbara Minerals operates its one hundred pc owned Pilgangoora lithium-tantalum asset in Western Australia. The operation consists of two processing vegetation: the Pilgan plant, situated on the northern facet of the Pilgangoora space, which produces a spodumene focus and a tantalite focus, and the Ngungaju plant, situated to the south, which produces a spodumene focus.
The corporate, which declared industrial manufacturing in 2019, has partnerships with Ganfeng Lithium, Common Lithium, Nice Wall Motor Firm (OTC Pink:GWLLF,HKEX:2333), POSCO (NYSE:PKX), CATL (SZSE:300750) and Yibin Tianyi.
Earlier this yr, Pilbara Minerals accomplished the acquisition of Altura Lithium following a money fee of US$155 million. The corporate is engaged on an up to date mixed Pilgangoora venture JORC mineral useful resource, which is scheduled for launch within the September quarter of 2021.
3. Orocobre (ASX:ORE)
Market cap: AU$3.13 billion; present share value: AU$9.18
Orocobre is an industrial chemical compounds and minerals firm working a portfolio of lithium, potash and boron initiatives and services within the Puna area of Northern Argentina.
The corporate has constructed, in partnership with Toyota Tsusho (TSE:8015) and the funding division of the Jujuy provincial authorities, the primary large-scale, greenfield, brine-based lithium venture in about 20 years on the Salar de Olaroz, with deliberate manufacturing of 42,500 tpa of low-cost lithium carbonate. Moreover, Orocobre and Toyota Tsusho have commenced building of a ten,000 tpa lithium hydroxide plant in Naraha, Japan.
In 2021, Orocobre made information headlines after it introduced its merger of equals with Australia’s Galaxy Sources in a AU$4 billion deal to create a high 5 lithium firm.
Galaxy has been advancing plans to develop the Sal de Vida lithium brine and potash venture in Argentina; it additionally owns the Mount Cattlin mine in Ravensthorpe, Western Australia, which is at present producing spodumene and tantalum focus, in addition to the James Bay lithium pegmatite venture in Quebec, Canada.
The corporate has lately unveiled its new identify as Allkem, which is ready for shareholder approval.
1. Jervois International (ASX:JRV)
Market cap: AU$666.25 million; present share value: AU$0.44
Jervois International is primarily centered on cobalt, however maintains important nickel and copper publicity by way of its improvement and refinery asset portfolio.
The corporate holds pursuits within the construction-stage Idaho Cobalt Operations, located in Idaho, US, in addition to the development-stage Nico Younger deposit in Australia and the São Miguel Paulista refinery in São Paulo, Brazil, which is the biggest nickel-cobalt refinery in Latin America.
In 2021, Jervois agreed to amass one hundred pc of Freeport Cobalt, the Finland-based cobalt-refining and specialty merchandise enterprise retained by Freeport-McMoRan (NYSE:FCX) and different co-owners following the sale of sure refining and battery supplies actions to Umicore (OTC Pink:UMICF,EBR:UMI) in 2019.
2. Dawn Vitality Metals (ASX:SRL)
Market cap: AU$129.23 million; present share value: AU$1.57
Previously referred to as Clear TeQ, Dawn Vitality Metals is progressing its Dawn battery supplies advanced in New South Wales utilising its Clear-iX expertise. The Dawn venture is among the largest and most cobalt-rich nickel laterite deposits on the earth and is prepared for improvement, with all key permits and approvals in place. The asset can be one of many largest and highest-grade scandium deposits globally.
A Robert Friedland-backed firm, Dawn Vitality Metals is anticipating its venture to ship over US$16 billion in income, together with common annual post-tax free money stream of US$308 million over its first 25 years.
3. Cobalt Blue Holdings (ASX:COB)
Market cap: AU$70.14 million; present share value: AU$0.24
Cobalt Blue Holdings is an exploration and venture improvement firm that’s engaged on advancing the Damaged Hill cobalt venture in New South Wales.
The mineral useful resource estimate for the asset includes 123 million tonnes at 782 components per million cobalt equal (660 components per million cobalt and seven.3 p.c sulfur) for 81,400 tonnes of contained cobalt (at a cobalt equal minimize off of 275 components per million).
1. Syrah Sources (ASX:SYR)
Market cap: AU$615.29 million; present share value: AU$1.27
Syrah Sources has set its deal with its flagship Balama graphite operation in Mozambique and a downstream lively anode materials facility within the US.
Balama is the biggest built-in pure graphite mine and processing plant globally as measured by annual flake focus manufacturing capability. The asset has over 50 years of mine life and is able to producing 350,000 tpa of graphite focus.
As well as, Syrah’s downstream processing web site in Louisiana goals to offer a substitute for the prevailing Asia provide chain for battery anode provide, with the flexibility to serve the rising US and Europe markets.
2. Talga Group (ASX:TLG)
Market cap: AU$386.61 million; current share price: AU$1.33
Talga Group is a battery anode and graphene additives company headquartered in Perth. The company is building a European source of battery anode and graphene additives to offer graphitic products critical to its customers’ innovation and the shift towards a more sustainable world.
Talga Group’s wholly owned subsidiaries, Talga Battery Metals and Talga, operate the company’s natural mineral resource assets in Sweden. The main graphite deposit, Nunasvaara, which forms part of the company’s flagship Vittangi project, has a total resource of 19.5 million tonnes at 24 percent graphite.
3. EcoGraf (ASX:EGR)
Market cap: AU$373.36; current share price: AU$0.89
EcoGraf is building a diversified battery anode materials business to produce high-purity graphite products for the lithium-ion battery and advanced manufacturing markets. According to the company, over US$30 million has been invested to date to create two development-ready graphite businesses.
Once established, EcoGraf will operate a diversified portfolio, supplying high-quality Tanzanian natural flake graphite products through TanzGraphite to established markets in Asia and Europe, together with EcoGraf, a multi-hub development commencing in Kwinana, Western Australia; it will provide new global supply of environmentally responsible battery anode material for lithium-ion batteries.
The company’s Epanko graphite project is a long-life graphite project located in Tanzania. It is forecast to produce 60,000 tpa of natural flake graphite products, and during its initial 18 years of operation is expected to generate annual EBITDA of US$44.5 million with a 38.9 percent internal rate of return and pre-tax net present value of US$211 million.
1. BHP (ASX:BHP)
Market cap: AU$219.99 billion; current share price: AU$44.92
Mining giant BHP’s Nickel West is a fully integrated mine-to-market nickel business in Western Australia.
In that state, BHP has both high- and low-grade ore sources, with high-grade ore coming from the Cliffs and Leinster underground mines and the Rocky’s Reward open-pit mine, and low-grade ore coming from the Mount Keith open-pit mine. All ore is processed at Leinster, and is concentrated at a plant at Kambalda for sale to third parties, making BHP a vertically integrated operation wholly within Western Australia.
2. IGO (ASX:IGO)
Market cap: AU$7.02 billion; current share price: AU$9.19
IGO is the owner and operator of the Nova nickel-copper-cobalt operation in the Fraser Range, which is between Kalgoorlie and Esperance. Discovered in 2012, the project reached nameplate capacity by Q4 2017.
In 2020, Nova achieved total production of 30,436 tonnes of nickel, 13,772 tonnes of copper and 1,142 tonnes of cobalt at a cash cost of AU$2.41 per payable pound of nickel. For 2021, the company’s guidance is in the range of 27,000 to 29,000 tonnes.
3. Nickel Mines (ASX:NIC)
Market cap: AU$2.51 billion; current share price: AU$1.02
Nickel Mines is a producer of nickel pig iron, a key ingredient in the production of stainless steel. The company now holds 80 percent interests in the Hengjaya nickel and Ranger nickel projects, both of which operate two line rotary kiln electric furnace plants producing nickel pig iron within the Indonesia Morowali Industrial Park.
Nickel Mines also holds an 80 percent interest in the Hengjaya Mineralindo nickel mine, a large-tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia. In 2021, Nickel Mines acquired a 50 percent interest (to be increased to 80 percent) in the Angel nickel project.
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Securities Disclosure: I, Priscila Barrera, maintain no direct funding curiosity in any firm talked about on this article.