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S&P Global: Even if Every #LITHIUM Project Comes Online We Could Still Have a 2M Tonne Deficit by 2030

Even with every project online we could still be facing a 2 million mt deficit by 2030, S&P says Critical … Read More
The post Eye on Lithium: Even…

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S&P Global says that even if every lithium project around the world was to come online by 2030 there is still going to be a 220,000t gap minimum in demand in 2030.

In fact, they said it could be as a high as a 2 million tonne gap.

While hard-rock assets will keep accounting for most of the lithium output in the future, all production routes, even those which have never operated at a commercial scale (we’re looking at you direct lithium extraction, clay-based and geothermal lithium) will be necessary to mitigate the increasing supply deficit.

This is because it could take almost a decade for a mining project to reach capacity – after its already spent the best part of a decade getting up and running.

“Within the product base, there will be limited integrated hydroxide capacity, meaning converters will keep playing an essential role into the future,” S&P said.

 

 

 

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
XTC Xantippe Res Ltd 0.008 0% 0% 14% $56,094,314.95
LRV Larvottoresources 0.215 0% 5% 13% $7,891,175.00
ENT Enterprise Metals 0.013 63% 30% 13% $7,509,277.91
GSM Golden State Mining 0.053 36% 8% 13% $5,471,801.99
BMM Balkanminingandmin 0.22 33% 10% 10% $6,550,000.00
AX8 Accelerate Resources 0.037 23% 16% 9% $9,195,602.57
RMX Red Mount Min Ltd 0.0065 18% 8% 8% $9,854,183.15
MRR Minrex Resources Ltd 0.056 81% 56% 8% $55,127,641.97
CY5 Cygnus Gold Limited 0.215 39% 39% 8% $23,597,063.00
SRZ Stellar Resources 0.017 0% 13% 6% $13,428,842.02
PGD Peregrine Gold 0.42 11% -6% 5% $15,314,794.00
CZL Cons Zinc Ltd 0.021 17% 5% 5% $7,747,156.26
MMG Monger Gold Ltd 0.24 14% 4% 4% $9,209,200.00
KTA Krakatoa Resources 0.051 -2% -6% 4% $16,890,785.93
KAI Kairos Minerals Ltd 0.027 42% 0% 4% $51,014,430.77
TKM Trek Metals Ltd 0.06 9% -8% 3% $18,015,388.70
FRS Forrestaniaresources 0.16 33% 0% 3% $4,818,377.12
1MC Morella Corporation 0.0165 -3% -3% 3% $82,819,423.78
EMH European Metals Hldg 0.69 7% -8% 3% $80,200,431.12
LRD Lordresourceslimited 0.21 -11% 0% 2% $6,515,847.31
KZR Kalamazoo Resources 0.215 26% 0% 2% $30,490,818.54
CAI Calidus Resources 0.72 24% 15% 2% $287,520,825.39
AOU Auroch Minerals Ltd 0.061 5% -5% 2% $22,182,107.94
NMT Neometals Ltd 1.105 21% 7% 1% $600,472,153.62
WES Wesfarmers Limited 47.09 12% 0% 1% $53,007,031,313.50
AML Aeon Metals Ltd. 0.028 27% -3% 0% $27,751,677.04
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
PSC Prospect Res Ltd 0.135 186% 174% 0% $62,405,027.37
TKL Traka Resources 0.006 0% 0% 0% $4,132,647.37
TON Triton Min Ltd 0.027 42% 8% 0% $33,987,172.78
ARN Aldoro Resources 0.2 48% 25% 0% $19,917,463.40
PAM Pan Asia Metals 0.36 -15% -5% 0% $26,611,287.12
AS2 Askarimetalslimited 0.3 20% 25% 0% $13,520,781.00
EMS Eastern Metals 0.155 11% 15% 0% $5,991,718.75
FG1 Flynngold 0.098 -2% -2% 0% $6,277,982.90
MMC Mitremining 0.115 -4% -4% 0% $3,114,786.50
SHH Shree Minerals Ltd 0.009 13% 13% 0% $11,146,382.03
TMB Tambourahmetals 0.175 40% 17% 0% $7,208,704.65
TSC Twenty Seven Co. Ltd 0.003 50% 0% 0% $7,982,441.72
WML Woomera Mining Ltd 0.015 -21% 3% 0% $10,302,495.99
CRR Critical Resources 0.047 7% 12% 0% $69,936,716.23
KGD Kula Gold Limited 0.028 22% -13% 0% $6,024,917.70
WR1 Winsome Resources 0.185 -10% 0% 0% $24,996,088.89
SCN Scorpion Minerals 0.066 -7% 3% 0% $21,900,858.67
AZI Altamin Limited 0.095 0% -1% 0% $37,213,091.44
AVW Avira Resources Ltd 0.003 0% -14% 0% $6,356,370.00
RDT Red Dirt Metals Ltd 0.4 5% 16% 0% $121,821,770.40
EFE Eastern Resources 0.025 19% -11% 0% $24,860,915.78
LSR Lodestar Minerals 0.007 17% 17% 0% $12,169,061.44
NWM Norwest Minerals 0.045 55% 32% 0% $8,127,332.42
AOA Ausmon Resorces 0.005 -17% -17% 0% $4,286,446.72
VKA Viking Mines Ltd 0.007 17% 0% 0% $7,176,809.02
IPT Impact Minerals 0.008 14% 0% 0% $19,850,964.45
SRI Sipa Resources Ltd 0.04 14% 0% 0% $8,200,992.12
G88 Golden Mile Res Ltd 0.027 0% -4% 0% $5,500,780.58
EPM Eclipse Metals 0.021 17% 5% 0% $40,343,654.67
WC8 Wildcat Resources 0.023 -8% -4% 0% $14,841,272.72
MM1 Midasmineralsltd 0.18 -8% -3% 0% $10,283,717.52
M2R Miramar 0.105 22% -5% 0% $6,739,599.62
WMC Wiluna Mining Corp 0.205 -11% 0% 0% $74,238,030.68
ZEO Zeotech Limited 0.065 30% 14% 0% $99,119,505.55
ALY Alchemy Resource Ltd 0.014 0% -13% 0% $13,343,036.80
DAF Discovery Alaska Ltd 0.043 -22% -10% 0% $9,642,092.01
IR1 Irismetals 0.4 70% 33% 0% $23,850,000.00
LNR Lanthanein Resources 0.016 0% -6% 0% $13,405,209.12
DAL Dalaroometalsltd 0.11 25% -8% 0% $3,286,250.00
PLL Piedmont Lithium Inc 0.625 20% 18% -1% $332,369,604.00
OCN Oceanalithiumlimited 0.445 48% 1% -1% $15,086,250.00
AGY Argosy Minerals Ltd 0.375 12% 6% -1% $515,370,258.74
RAS Ragusa Minerals Ltd 0.072 -6% -3% -1% $9,178,739.39
LIT Lithium Australia 0.071 27% 6% -1% $74,549,471.40
MQR Marquee Resource Ltd 0.07 13% -1% -1% $22,408,848.18
ZNC Zenith Minerals Ltd 0.34 26% 5% -1% $118,942,986.26
LTR Liontown Resources 1.3 30% 10% -2% $2,893,737,261.36
GT1 Greentechnology 0.61 2% -9% -2% $114,247,178.66
TUL Tulla Resources 0.57 7% 3% -2% $92,925,785.76
A8G Australasian Metals 0.24 4% 4% -2% $10,086,771.03
FTL Firetail Resources 0.235 -6% -8% -2% $14,827,800.00
MIN Mineral Resources. 52.81 14% 11% -2% $10,220,075,855.56
LLL Leolithiumlimited 0.45 -13% 10% -2% $453,862,179.52
RIO Rio Tinto Limited 96.67 -4% 0% -2% $36,720,707,888.88
RAG Ragnar Metals Ltd 0.042 17% 17% -2% $16,304,950.23
MNS Magnis Energy Tech 0.3075 3% -1% -2% $305,654,417.15
PLS Pilbara Min Ltd 2.73 22% 7% -3% $8,335,175,475.20
TEM Tempest Minerals 0.039 -59% -7% -3% $20,190,647.04
LEL Lithenergy 0.965 40% 16% -3% $44,698,500.00
VMC Venus Metals Cor Ltd 0.175 3% 3% -3% $28,814,162.94
IGO IGO Limited 10.735 9% 7% -3% $8,367,809,333.65
VUL Vulcan Energy 7.14 31% 0% -3% $1,053,514,462.35
DRE Dreadnought Resources Ltd 0.066 38% 10% -3% $193,030,481.47
CXO Core Lithium 1.15 23% 10% -3% $2,053,860,623.46
PNN Power Minerals Ltd 0.48 9% 4% -3% $30,450,848.18
BYH Bryah Resources Ltd 0.029 16% -3% -3% $6,786,215.25
AZL Arizona Lithium Ltd 0.0715 -19% -8% -3% $177,964,491.51
INF Infinity Lithium 0.14 19% 4% -3% $60,176,894.57
LPD Lepidico Ltd 0.028 12% -7% -3% $188,707,974.46
QPM Queensland Pacific 0.14 22% 8% -3% $226,723,904.00
EVR Ev Resources Ltd 0.028 12% -7% -3% $26,853,538.06
JRL Jindalee Resources 2.49 -14% -6% -3% $148,037,732.28
RLC Reedy Lagoon Corp. 0.0135 -29% -25% -4% $7,803,976.77
LKE Lake Resources 0.8 5% 16% -4% $1,153,480,801.98
IMI Infinitymining 0.13 -10% -4% -4% $7,762,500.00
CHR Charger Metals 0.51 47% 7% -4% $17,267,948.55
GLN Galan Lithium Ltd 1.135 10% 1% -4% $359,191,247.16
ASN Anson Resources Ltd 0.125 34% -4% -4% $133,628,603.55
EUR European Lithium Ltd 0.075 34% 1% -4% $107,990,330.21
MXR Maximus Resources 0.049 9% 7% -4% $16,213,194.17
NVA Nova Minerals Ltd 0.845 24% 14% -4% $158,578,010.80
LRS Latin Resources Ltd 0.072 7% -5% -4% $145,937,557.20
GW1 Greenwing Resources 0.23 5% 10% -4% $29,579,363.76
ESS Essential Metals Ltd 0.44 21% 11% -4% $113,384,215.50
LPI Lithium Pwr Int Ltd 0.5 20% 12% -5% $183,301,045.20
MTM Mtmongerresources 0.1 -17% -9% -5% $3,938,553.47
INR Ioneer Ltd 0.5425 28% 5% -5% $1,195,513,984.92
MLS Metals Australia 0.058 16% 12% -5% $34,650,207.65
AKE Allkem Limited 11.17 9% 9% -5% $7,517,988,833.94
SYA Sayona Mining Ltd 0.175 13% -8% -5% $1,526,271,255.21
GL1 Globallith 1.36 16% 18% -6% $230,112,471.20
ADV Ardiden Ltd 0.0075 -6% 7% -6% $21,346,682.85
TYX Tyranna Res Ltd 0.03 67% 58% -6% $49,035,541.34
DTM Dart Mining NL 0.074 48% 19% -6% $10,685,552.64
QXR Qx Resources Limited 0.029 4% 0% -6% $26,640,231.95
RGL Riversgold 0.027 -4% -4% -7% $21,934,903.97
STM Sunstone Metals Ltd 0.045 2% -10% -8% $127,225,874.53
WCN White Cliff Min Ltd 0.011 0% -12% -8% $7,843,240.34
BNR Bulletin Res Ltd 0.105 -5% -13% -9% $33,647,976.50
AAJ Aruma Resources Ltd 0.056 -15% -9% -10% $9,731,613.19
AUN Aurumin 0.14 22% -10% -10% $16,929,604.06
THR Thor Mining PLC 0.009 -10% -18% -10% $10,689,009.73
LIS Lisenergylimited 0.69 47% -7% -11% $128,583,494.93
AM7 Arcadia Minerals 0.13 -21% -19% -16% $7,238,173.26

 

 

Only 25 stocks were in the green, 41 were flat and 65 were red.

 

Who has news out today?

CRITICAL RESOURCES (ASX:CRR)

CRR has intersected multiple pegmatite dykes totalling 40.9m in step out hole MF22-116 at its Mavis Lake project in Canada.

“To intercept 40-plus meters of lithium-bearing pegmatites in one hole 80m east of any known occurrences in a previously untested area at Mavis Lake is extremely encouraging,” chairman Robert Martin said.

“The company’s drilling program continues to intersect mineralised pegmatite and show the pegmatites remain open at depth and along a potential strike length of approximately 3km between our Pegmatite 6 and Pegmatite 18 prospects.”

The plan is to continue infill drilling, followed by testing the approximate 3km of potential strike length towards Pegmatite 18.

 

MINREX RESOURCES (ASX:MRR)

The first pass ground geological mapping and rock chip sampling program over the recently granted Sisters Lithium Project in WA has identified extensive lithium-tantalum- tin rich pegmatites on the ground.

“Extensive untested soil geochemical anomalies further support for potential of buried pegmatites leaching anomalous lithium values over areas spanning over 3.2km in length by 480m in width over the central portion of E45/5871,” MD George Karageorge says.

He also said the unexpected high-grade lithium-tantalum-tin pegmatites further confirms the high prospectivity of the area to potentially delineate lithium resources close to the nearby Archer Lithium Deposit owned by Global Lithium (ASX:GL1).

MinRex plans to kick off the maiden RC drillhole program to test the extensive stacked pegmatites by the end of August 2022.

 

CRR and MRR share prices today:

 

 

At Stockhead we tell it like it is. While MinRex Resources is a Stockhead advertiser, it did not sponsor this article.

 

The post Eye on Lithium: Even if every lithium project comes online we could still have a 2 million tonne deficit by 2030, S&P says appeared first on Stockhead.

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