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There Will be Enough Lithium to Make +19 million EVs in 2025, According BNEF Data

Monger picks up ‘Scotty’ lithium project in Nevada for $2m Core nabs environmental approvals for BP33 underground mine Metals Australia … Read More
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  • Monger picks up ‘Scotty’ lithium project in Nevada for $2m
  • Core nabs environmental approvals for BP33 underground mine
  • Metals Australia flags thick, high-grade results at ‘Manindi’ project in WA

 All your ASX lithium news for Tuesday, May 3

 

Campaign group Transport and Environment (T&E) reckons there should be enough raw materials to make 14 million electric vehicles (EVs) globally in 2023.

In a study based on BloombergNEF data on global maximum volumes of EV battery-grade nickel and lithium, T&E also said that in 2025 there would be enough to make 21 million EVs globally. If you exclude Russian nickel, there should be sufficient raw materials for 19 million EVs in 2025.

But competition for lithium and nickel is fierce right now, and T&E says Europe needs to up its game and establish an agency to ensure the supply of “sustainably sourced critical metals.”

“While China and the U.S. are flexing their policy muscle to secure supplies of critical metals, European leaders are scouring the globe for more oil,” T&E senior director Julia Poliscanova said.

“Now is the time to focus on sourcing the sustainable raw materials the continent needs for our energy independence and a green future.”

Global EV sales more than doubled to 4.2 million vehicles in 2021 from just over 2 million in 2020 and are predicted to potentially hit 9 million in 2023 and 14.2 million in 2025.

But some analysts have warned of short-term battery-supply bottlenecks as the auto industry rapidly accelerates production of zero-emission cars – which could then be followed by a glut as a plethora of mining and battery plant projects come online.

 

Here’s how ASX lithium stocks were tracking today:

Lithium stocks missing from our list? Shoot a friendly mail to [email protected]

 

Code Company Price % Month % Week % Today Market Cap
MMG Monger Gold Ltd 0.42 58% 44% 50% $7,000,000.00
LEL Lithenergy 1.57 52% 59% 18% $60,075,000.00
LRS Latin Resources Ltd 0.1325 -9% -30% 10% $229,537,695.84
TKL Traka Resources 0.011 -8% 10% 10% $6,887,745.61
AML Aeon Metals Ltd. 0.05 -31% -14% 9% $39,827,208.85
THR Thor Mining PLC 0.015 -12% -6% 7% $14,194,478.63
BYH Bryah Resources Ltd 0.055 10% -4% 6% $11,762,773.10
AZI Altamin Limited 0.074 -20% -13% 6% $27,420,172.64
WR1 Winsome Resources 0.49 0% -2% 5% $62,626,197.21
SCN Scorpion Minerals 0.086 26% 15% 5% $27,210,157.74
AOU Auroch Minerals Ltd 0.11 -8% -21% 5% $37,936,688.90
WML Woomera Mining Ltd 0.023 15% -26% 5% $15,110,327.45
LRD Lordresourceslimited 0.355 0% 27% 4% $10,466,771.14
EUR European Lithium Ltd 0.097 -37% -8% 4% $128,610,968.15
AAJ Aruma Resources Ltd 0.098 -27% -15% 4% $14,754,381.28
CZL Cons Zinc Ltd 0.025 -34% -17% 4% $8,432,587.51
LSR Lodestar Minerals 0.0135 -4% -10% 4% $22,599,685.52
XTC Xantippe Res Ltd 0.0135 23% -4% 4% $99,638,264.69
FG1 Flynngold 0.15 -3% -3% 3% $9,288,852.25
MXR Maximus Resources 0.09 17% 5% 3% $27,657,801.82
KAI Kairos Minerals Ltd 0.031 -3% 3% 3% $58,862,804.73
QPM Queensland Pacific 0.19 0% 9% 3% $285,475,929.24
GSM Golden State Mining 0.077 -9% -8% 3% $7,786,098.90
BNR Bulletin Res Ltd 0.195 -28% -17% 3% $55,116,336.96
AUN Aurumin 0.195 8% 3% 3% $20,752,417.88
PLL Piedmont Lithium Inc 0.95 -5% -3% 2% $490,640,844.00
CRR Critical Resources 0.096 4% -9% 2% $139,712,768.14
TMB Tambourahmetals 0.255 -2% -6% 2% $10,298,149.50
MQR Marquee Resource Ltd 0.1275 11% -12% 2% $34,117,593.25
AM7 Arcadia Minerals 0.27 13% -13% 2% $9,273,012.50
INR Ioneer Ltd 0.635 -12% -5% 2% $1,306,592,749.38
G88 Golden Mile Res Ltd 0.065 7% -3% 2% $12,846,887.30
AZL Arizona Lithium Ltd 0.1725 -4% -7% 1% $378,133,862.63
LPI Lithium Pwr Int Ltd 0.765 -16% -9% 1% $263,604,360.24
AKE Allkem Limited 12.06 -3% -5% 1% $7,594,507,804.26
GT1 Greentechnology 1.045 10% -5% 1% $109,710,000.00
IGO IGO Limited 12.53 -13% -8% 1% $9,412,838,915.59
PLS Pilbara Min Ltd 2.68 -22% -3% 1% $7,918,378,953.38
AVZ AVZ Minerals Ltd 0.99 -24% -9% 0% $3,493,442,450.52
ESS Essential Metals Ltd 0.615 6% -10% 0% $151,045,702.94
LIT Lithium Australia 0.1 -9% -5% 0% $103,515,522.40
LPD Lepidico Ltd 0.032 -22% -18% 0% $203,033,590.40
BMM Balkanminingandmin 0.365 26% 3% 0% $11,953,750.00
NMT Neometals Ltd 1.47 -24% -17% 0% $806,113,302.12
DTM Dart Mining NL 0.073 3% -4% 0% $9,087,837.89
IMI Infinitymining 0.19 15% -14% 0% $10,925,000.00
SHH Shree Minerals Ltd 0.012 -25% -20% 0% $14,666,842.70
WCN White Cliff Min Ltd 0.026 -13% -10% 0% $16,993,687.41
KGD Kula Gold Limited 0.046 -4% -2% 0% $9,898,079.07
PGD Peregrine Gold 0.475 -5% -7% 0% $18,186,167.78
AVW Avira Resources Ltd 0.006 0% -8% 0% $12,712,740.00
RDT Red Dirt Metals Ltd 0.48 -34% -17% 0% $143,886,144.48
A8G Australasian Metals 0.455 -4% -10% 0% $18,732,574.77
EFE Eastern Resources 0.046 -12% -8% 0% $45,744,085.03
AOA Ausmon Resorces 0.01 11% 0% 0% $8,572,893.43
IPT Impact Minerals 0.012 3% -17% 0% $26,285,539.03
RAS Ragusa Minerals Ltd 0.085 -7% -1% 0% $10,680,915.55
EVR Ev Resources Ltd 0.053 -10% -10% 0% $49,077,155.76
CAI Calidus Resources 0.94 -4% -8% -1% $380,170,672.56
MNS Magnis Energy Tech 0.4375 -17% -6% -1% $424,945,544.76
PAM Pan Asia Metals 0.525 -6% -5% -1% $39,039,081.32
GL1 Global Lithium Resources 2 -13% -5% -1% $319,597,883.48
LTR Liontown Resources 1.415 -27% -10% -1% $3,145,843,159.13
JRL Jindalee Resources 4.15 21% -12% -1% $241,565,446.86
MIN Mineral Resources. 56.15 3% -7% -1% $10,784,472,219.00
RGL Riversgold 0.066 -23% -8% -1% $35,275,779.59
PSC Prospect Res Ltd 0.96 5% 1% -2% $420,511,335.08
STM Sunstone Metals Ltd 0.064 -21% -10% -2% $164,971,848.73
MRR Minrex Resources Ltd 0.064 -3% -10% -2% $65,566,508.09
ZEO Zeotech Limited 0.059 -2% -8% -2% $91,494,928.20
EMH European Metals Hldg 1.135 -19% -9% -2% $162,597,394.58
NWM Norwest Minerals 0.054 -17% -2% -2% $9,933,406.29
ASN Anson Resources Ltd 0.1325 -20% 2% -2% $138,768,165.23
RIO Rio Tinto Limited 111.47 -7% -2% -2% $42,166,449,748.26
AX8 Accelerate Resources 0.045 -36% -8% -2% $12,119,109.35
AGY Argosy Minerals Ltd 0.43 -13% -10% -2% $595,986,991.60
DRE Dreadnought Resources Ltd 0.043 10% -2% -2% $124,902,076.24
SYA Sayona Mining Ltd 0.3075 23% -15% -2% $2,261,695,248.23
VUL Vulcan Energy 8.18 -23% -8% -2% $1,103,185,854.20
AS2 Askarimetalslimited 0.605 7% -12% -2% $25,491,785.46
EMS Eastern Metals 0.19 -3% -16% -3% $6,942,000.00
1MC Morella Corporation 0.034 -3% -11% -3% $181,167,489.51
QXR Qx Resources Limited 0.065 -10% -10% -3% $56,739,775.51
RLC Reedy Lagoon Corp. 0.03 -14% -14% -3% $16,999,074.13
TON Triton Min Ltd 0.03 3% -12% -3% $38,526,309.49
ARN Aldoro Resources 0.285 -7% -5% -3% $29,268,008.76
FFX Firefinch Ltd 1.1 -7% 0% -4% $1,346,617,271.94
EPM Eclipse Metals 0.027 -10% -23% -4% $53,791,539.56
SRZ Stellar Resources 0.026 -4% -10% -4% $22,607,170.90
GLN Galan Lithium Ltd 1.665 -20% -14% -4% $526,590,136.26
CXO Core Lithium 1.27 -17% -9% -4% $2,274,736,053.28
FRS Forrestaniaresources 0.335 2% -9% -4% $9,834,581.40
TEM Tempest Minerals 0.087 -52% -13% -4% $45,364,183.32
ZNC Zenith Minerals Ltd 0.39 0% -11% -5% $141,000,703.55
LRV Larvotto Resources 0.38 69% -25% -5% $16,483,000.00
MTM Mtmongerresources 0.185 9% -16% -5% $6,758,706.44
VMC Venus Metals Cor Ltd 0.185 -3% -8% -5% $29,460,343.19
RMX Red Mount Min Ltd 0.009 -5% -5% -5% $15,602,456.65
MLS Metals Australia 0.1325 -5% -17% -5% $53,687,659.48
MMC Mitremining 0.17 -6% -8% -6% $4,875,318.00
ENT Enterprise Metals 0.017 -6% -23% -6% $11,603,643.39
MM1 Midasmineralsltd 0.34 48% -3% -6% $19,597,725.00
M2R Miramar 0.17 -8% -15% -6% $8,966,703.60
CHR Charger Metals 0.67 -19% -11% -6% $23,132,534.85
SRI Sipa Resources Ltd 0.049 -2% 0% -6% $10,661,289.76
NVA Nova Minerals Ltd 0.715 -17% -6% -6% $136,953,736.60
WC8 Wildcat Resources 0.031 -18% -11% -6% $21,293,999.99
KZR Kalamazoo Resources 0.375 6% -20% -6% $58,077,749.60
WMC Wiluna Mining Corp 0.665 -28% -26% -6% $150,033,610.95
ADV Ardiden Ltd 0.014 -7% -3% -7% $40,025,030.34
LKE Lake Resources 1.745 -24% -18% -7% $2,423,751,947.32
INF Infinity Lithium 0.165 -6% -6% -8% $74,669,299.38
VKA Viking Mines Ltd 0.01 -9% -17% -9% $11,277,842.74
PNN PepinNini Minerals 0.84 57% 1% -9% $56,774,785.98
RAG Ragnar Metals Ltd 0.042 20% -16% -11% $17,516,189.78
TSC Twenty Seven Co. Ltd 0.0035 -30% -13% -13% $10,643,255.62
ALY Alchemy Resource Ltd 0.025 67% -7% -14% $27,618,001.81

 

A total of 38 stocks were in the green today, with 20 flatlining and 59 in the red.

 

Who’s got news out today?

MONGER GOLD (ASX:MMG)

Torian Resources (ASX:TNR) spin-off MMG will acquire the large ‘Scotty’ sediment-hosted lithium project in Nevada for $2m.

This is a good neighbourhood. The 14,000-acre project surrounds the ‘Bonnie Claire’ project (host to one of North America’s largest lithium resources at 18.3Mt LCE), is 70km from Albermarle’s ‘Clayton Valley’ mine (the only producing lithium mine in the US), and 330km from Tesla’s Gigafactory.

Historical soil sampling returned grades of up to 300ppm lithium, representing similar grades to soil sampling over Clayton Valley. Scotty also likely covers identical geological sequences to those that host ‘Bonnie Claire’, MMG says.

A soil sampling program will kick off in June, to be followed by drilling in Q3.

“The electric revolution is just getting started, with increased demand for lithium to be a feature of the world’s economy for many years to come,” MMG chairman Peretz Schapiro says.

“Through development of the Scotty Lithium Project as well as continuing to seek out additional accretive acquisitions, MMG intends to become a significant player in the lithium market.”

 

CORE LITHIUM (ASX:CXO)

The NT Minister for Environment has granted environmental approval for the company’s BP33 Underground Mine – the second mine approved at the company’s Finniss project with mining at the Grants open pit commencing last year.

Core will now submit a Mine Management Plan (MMP) to the Department of Industry, Tourism & Trade for assessment and says Mining Authorisation for the BP33 Underground Mine could be provided as soon as mid-2022.

Finniss mine activities are on schedule with first ore on ship expected at the end of calendar year 2022.

 

METALS AUSTRALIA (ASX:MLS)

The explorer has flagged thick, high-grade results including 16m at 1.13% lithium and 0.31% rubidium from drilling at the Foundation LCT Pegmatite discovery at its Manindi project in WA.

“It’s early days but it looks like the company is onto a significant LCT pegmatite discovery at Manindi and we are well funded to be able to drill-out a substantial lithium resource at the project,” Chairman Mike Scivolo said.

Further, follow-up drilling is underway to extend the thick pegmatite intersections at depth and complete a 40m x 40m grid of pierce points to allow a maiden JORC 2012 resource to be estimated.

 

NOVA MINERALS (ASX:NVA)

Nova holds a stake in NASDAQ-listed lithium explorer Snow Lake Resources (NASDAQ:LITM) and today welcomed the company’s first assay results from drilling in the northeast extension of its Thompson Brothers (TBL) spodumene pegmatite deposit in Canada.

Results included 1.49% LiO2 over 34.5m and 1.52% LiO2 over 18.0m located close to surface.

“We are very pleased by Snow Lake’s progress and performance, as they make great strides in advancing the Thompson Brothers Lithium Project, with further results now pending and all studies ongoing concurrently,” Nova CEO Christopher Gerteisen said.

“It is now evidently clear the scale of the project is growing significantly, and we see vast growth ahead as milestones are continually met.”

Snow Lake CEO Philip Gross said once all the results are available, the company will be able to update the resource accordingly.

However, like the rest of the mining industry, “we are suffering the frustration of a very busy mining season and the resulting laboratory backlog,” he said.

 

INFINITY LITHIUM (ASX:INF)

The company’s wholly owned subsidiary, Infinity Greentech, has made a significant strides in the development of its Greentech RPK lithium chemical conversion process after signing an agreement with Western Australia’s Murdoch University.

The first stage of the advanced test work under the agreement will build on prior bench scale test work results, which confirmed recoverability of lithium in solution from Run-Of-Mine (ROM) feedstock between 60% to 70% lithium from open-circuit direct processing without optimisation.

INFs Technical Advisory Committee (TAC) and Murdoch will initially focus on low-grade lithium bearing materials such as lithium micas, including lepidolite and lithium hectorite clays before moving to investigate the process on other lithium containing materials.

Eventually, the company plans to conduct test work using the GreenTech RPK process on spodumene bearing ores and concentrates once in-house R&D facilities are operational.

MMG,CXO, MLS, NVA, INF share price charts


 

The post Eye on Lithium: There will be enough lithium to make +19 million EVs in 2025, according BNEF data appeared first on Stockhead.






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