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Top battery metals stocks ASX

Lithium, cobalt, graphite and nickel continue to attract global attention. Here's a list of the top battery metals stocks on the ASX by market cap.

As demand for the lithium-ion batteries used to power electric vehicles increases, so too will the need for key battery metals such as lithium, cobalt and graphite, and up-and-comer nickel.

The green energy transition has taken over news headlines around the world, as governments and automakers look for ways to strengthen supply chains for raw materials.

For investors interested in jumping into the battery metals space, here's a list of the top battery metals stocks on the ASX by market cap. All data was obtained using TradingView's stock screener on August 24, 2021.


Lithium

1. Mineral Resources (ASX:MIN)

Market cap: AU$9.65 billion; current share price: AU$52.09

Mineral Resources is a leading mining services provider with a particular focus on the iron ore and hard-rock lithium sectors in Western Australia. Its current lithium projects include Mount Marion and Wodgina.

The Mount Marion lithium project, which is located in Kalgoorlie, Western Australia, is jointly owned by Mineral Resources and top lithium producer Jiangxi Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460). The asset was initially expected to produce 206,000 tonnes per annum (tpa) of spodumene concentrate, but a current upgrade project is underway to increase production to 450,000 tpa of all-in 6 percent spodumene concentrate.

In December 2018, the company entered a 50/50 joint venture with top producer Albemarle (NYSE:ALB) for its Wodgina hard-rock lithium project, which will produce spodumene concentrate and, in the future, lithium hydroxide. Wodgina, considered the world's largest hard-rock lithium deposit, has a JORC mineral resource of 233 million tonnes and an inaugural probable hard-rock reserve in the Cassiterite pit of 142.4 million tonnes.

2. Pilbara Minerals (ASX:PLS)

Market cap: AU$6.6 billion; current share price: AU$2.25

Headquartered in Perth, Pilbara Minerals operates its 100 percent owned Pilgangoora lithium-tantalum asset in Western Australia. The operation consists of two processing plants: the Pilgan plant, located on the northern side of the Pilgangoora area, which produces a spodumene concentrate and a tantalite concentrate, and the Ngungaju plant, located to the south, which produces a spodumene concentrate.

The company, which declared commercial production in 2019, has partnerships with Ganfeng Lithium, General Lithium, Great Wall Motor Company (OTC Pink:GWLLF,HKEX:2333), POSCO (NYSE:PKX), CATL (SZSE:300750) and Yibin Tianyi.

Earlier this year, Pilbara Minerals completed the acquisition of Altura Lithium following a cash payment of US$155 million. The company is working on an updated combined Pilgangoora project JORC mineral resource, which is scheduled for release in the September quarter of 2021.

3. Orocobre (ASX:ORE)

Market cap: AU$3.13 billion; current share price: AU$9.18

Orocobre is an industrial chemicals and minerals company operating a portfolio of lithium, potash and boron projects and facilities in the Puna region of Northern Argentina.

The company has built, in partnership with Toyota Tsusho (TSE:8015) and the investment division of the Jujuy provincial government, the first large-scale, greenfield, brine-based lithium project in about 20 years at the Salar de Olaroz, with planned production of 42,500 tpa of low-cost lithium carbonate. Additionally, Orocobre and Toyota Tsusho have commenced construction of a 10,000 tpa lithium hydroxide plant in Naraha, Japan.

In 2021, Orocobre made news headlines after it announced its merger of equals with Australia's Galaxy Resources in a AU$4 billion deal to create a top five lithium company.

Galaxy has been advancing plans to develop the Sal de Vida lithium brine and potash project in Argentina; it also owns the Mount Cattlin mine in Ravensthorpe, Western Australia, which is currently producing spodumene and tantalum concentrate, as well as the James Bay lithium pegmatite project in Quebec, Canada.

The company has recently unveiled its new name as Allkem, which is waiting for shareholder approval.

Cobalt

1. Jervois Global (ASX:JRV)

Market cap: AU$666.25 million; current share price: AU$0.44

Jervois Global is primarily focused on cobalt, but maintains significant nickel and copper exposure through its development and refinery asset portfolio.

The company holds interests in the construction-stage Idaho Cobalt Operations, situated in Idaho, US, as well as the development-stage Nico Young deposit in Australia and the São Miguel Paulista refinery in São Paulo, Brazil, which is the largest nickel-cobalt refinery in Latin America.

In 2021, Jervois agreed to acquire 100 percent of Freeport Cobalt, the Finland-based cobalt-refining and specialty products business retained by Freeport-McMoRan (NYSE:FCX) and other co-owners following the sale of certain refining and battery materials activities to Umicore (OTC Pink:UMICF,EBR:UMI) in 2019.

2. Sunrise Energy Metals (ASX:SRL)

Market cap: AU$129.23 million; current share price: AU$1.57

Formerly called Clean TeQ, Sunrise Energy Metals is progressing its Sunrise battery materials complex in New South Wales utilising its Clean-iX technology. The Sunrise project is one of the largest and most cobalt-rich nickel laterite deposits in the world and is ready for development, with all key permits and approvals in place. The asset is also one of the largest and highest-grade scandium deposits globally.

A Robert Friedland-backed company, Sunrise Energy Metals is expecting its project to deliver over US$16 billion in revenue, along with average annual post-tax free cash flow of US$308 million over its first 25 years.

3. Cobalt Blue Holdings (ASX:COB)

Market cap: AU$70.14 million; current share price: AU$0.24

Cobalt Blue Holdings is an exploration and project development company that is working on advancing the Broken Hill cobalt project in New South Wales.

The mineral resource estimate for the asset comprises 123 million tonnes at 782 parts per million cobalt equivalent (660 parts per million cobalt and 7.3 percent sulfur) for 81,400 tonnes of contained cobalt (at a cobalt equivalent cut off of 275 parts per million).

Graphite

1. Syrah Resources (ASX:SYR)

Market cap: AU$615.29 million; current share price: AU$1.27

Syrah Resources has set its focus on its flagship Balama graphite operation in Mozambique and a downstream active anode material facility in the US.

Balama is the largest integrated natural graphite mine and processing plant globally as measured by annual flake concentrate production capacity. The asset has over 50 years of mine life and is capable of producing 350,000 tpa of graphite concentrate.

In addition, Syrah's downstream processing site in Louisiana aims to provide an alternative to the existing Asia supply chain for battery anode supply, with the ability to serve the growing 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.

Nickel

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.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Featured
Lake Resources CEO Stephen Promnitz: Scaling Lithium Supply with $150 Million Series B Funding

Lake Resources Managing Director Stephen Promnitz

Lake Resources (ASX:LKE,OTCQB:LLKKF) Managing Director Stephen Promnitz says Lake Resources has secured robust financing to scale up lithium production in preparation for the electric vehicle revolution.

Lake Resources has recently established a technology and funding partnership with Lilac Solutions, and the latter has announced $150 Million Series B to scale lithium supply for the electric vehicle era.

Lake Resources: Scaling Lithium Supply with $150 Million Series B Funding www.youtube.com

"Lilac Solutions are actually going to work with us and progressively earn into our flagship Kachi project, and then provide $50 million towards the development of that project. So come the end of October, we should have somewhere around $70 to $80 million in the bank, plus this $50 million commitment from Lilac going forward. And then if we have some additional $75 million options in June next year. Essentially, we can now see a pathway to the entire project being financed," Promnitz said.

Lake Resources and Lilac Solutions signed a partnership agreement wherein Lilac is able to achieve an equity stake in the Kachi project with project funding obligations while providing its leading technology to advance the project.

"There's a real deal here, and now value opportunity. But on top of that, we've de-risked it from the debt side and from the equity side. This project is going to happen, and not only that, we're going to be scaling it up to 50,000 tonnes per annum soon after we get into production. That will make us one of the top five producers in the lithium space."

Watch the full interview of Lake Resources Managing Director Stephen Promnitz above.

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Ioneer Ltd is pleased to announce that the Company has reached an agreement to establish a joint venture with Sibanye Stillwater Limited to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA . Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer …

Ioneer Ltd (“ioneer” or the “Company”) (ASX: INR) is pleased to announce that the Company has reached an agreement to establish a joint venture (the ” Joint Venture “) with Sibanye Stillwater Limited ( “Sibanye-Stillwater” ) to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the “Project” ). Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin 1 upon the election of Sibanye-Stillwater to contribute up to an additional US$50 million subject to certain terms and conditions.

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Galaxy Resources Limited advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform : Merger of Galaxy and Orocobre Implemented The announcement can be viewed at: SOURCE Galaxy Resources Limited View original content

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

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There are many big Australian gold stocks, but these are the five top companies in the sector by market cap.

Australia is the fourth largest producer of gold worldwide, and this past year has brought ups and downs for the commodity. The precious metal hit its 2021 high point early on and fell soon after.

Lately, gold has been resting at a strong price of around US$1,800 per ounce, and it seems like it will exit the year that way. It may even be in for a serious price hike if inflationary pressures continue on their current trajectory.

Read on to learn more about Australia’s five top gold companies by market cap. All market cap and share price information was obtained on November 25, 2021, using TradingView's stock screener.


1. Newcrest Mining

Market cap: AU$19.54 billion; current share price: AU$24.14

Newcrest Mining (ASX:NCM) operates a portfolio of gold mines across Australia, Canada and Papua New Guinea. These include its New South Wales-based Cadia mine and its Western Australia-based Telfer and Havieron mines.

In November 2021, Newcrest agreed to purchase British Columbia-based Pretium Resources (TSX:PVG,NYSE:PVG) for C$3.5 billion, marking the company’s expansion into Western Canada.

2. Kirkland Lake Gold

Market cap: AU$14.57 billion; current share price: AU$54.99

Kirkland Lake Gold (ASX:KLA) has mining operations in Australia and Canada, both of which are low-risk, gold-rich countries. The company’s Fosterville mine is based in Victoria, Australia, and as of December 31, 2018, its mineral reserves stood at 2.7 million ounces. It produced 640,467 ounces in 2020.

In September 2021, Kirkland Lake Gold and Agnico Eagle Mines (TSX:AEM,NYSE:AEM), a Canadian gold miner, announced a “merger of equals." The new company will go by the name Agnico Eagle Mines, and the companies expect the transaction to close in late 2021 or early 2022.

3. AngloGold Ashanti

Market cap: AU$12.43 billion; current share price: AU$5.83

AngloGold Ashanti (ASX:AGG) is a global gold miner formed in 2004. It has two Australia-based operations, both of which are based in Western Australia’s northeastern goldfields: Sunrise Dam and Tropicana. Sunrise Dam is 100 percent owned, while Tropicana is 70 percent owned, with the remaining 30 percent owned by Regis Resources (ASX:RRL,OTC Pink:RGRNF). In 2020, these operations produced 554,000 ounces of gold.

In Q3 2021, AngloGold Ashanti reported total gold production of 613,000 ounces at a total cash cost of US$927 per ounce. This represents a 5 percent quarter-over-quarter increase in production, though a year-to-date decrease.

4. Northern Star Resources

Market cap: AU$11.39 billion; current share price: AU$9.66

Northern Star Resources (ASX:NST) is an Australian gold-mining company with projects throughout Western Australia and North America at its Kalgoorlie, Yandal and Pogo production centres. In the 2021 fiscal year, Northern Star experienced a 40 percent revenue increase and a 10 percent cash earnings hike.

In late November 2021, Northern Star announced an agreement to buy Newmont Australia’s power business for US$95 million. The company paid US$25 million for the option to purchase this business, an opportunity it was given through its recent 50 percent acquisition of Kalgoorlie Consolidated Gold Mines.

5. Evolution Mining

Market cap: AU$7.53 billion; current share price: AU$4.12

Australian gold miner Evolution Mining (ASX:EVN) has projects throughout New South Wales, Queensland and Western Australia, as well as in Ontario, Canada. Evolution Mining produced 680,788 ounces of gold in the 2021 fiscal year at an all-in sustaining cost of AU$1,215 per ounce.

In 2019, Evolution Mining became one of only two Australian gold companies to be included in the Dow Jones Sustainability Index (INDEXDJX:W1SGI). In 2020 and 2021, the company made several strategic acquisitions and divestments, including its high-value purchases of the Red Lake and the Kundana operations.

This is an updated version of an article originally published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.

What are the largest Australian copper companies? These five ASX copper stocks are the biggest on the exchange by market cap.

Last year, pandemic restrictions forced copper mines to shut down across the world, driving down global production and causing the 10 largest copper-mining companies to suffer dramatic losses.

But in 2021, copper hit an all-time high of US$10,700 per tonne, and stayed over US$9,000 for much of the year.

The three top copper-producing countries globally are Chile, Peru and China, with Australia coming in at number six. Still, there are plenty of untapped resources in the land down under, and Australia is making a name for itself as an up-and-coming producer of this important base metal.


Read on to learn more about the top five Australian copper companies on the ASX, ranked by market cap. All market cap and share price information was obtained on November 26, 2021, from TradingView.

1. BHP

Market cap: AU$192.56 billion; current share price: AU$38.03

BHP (ASX:BHP) is a top global producer of copper, nickel, potash, iron ore and metallurgical coal, with copper production centralised at its South Australia-based Olympic Dam mine.

The company, whose headquarters are in Melbourne, Australia, emphasises copper’s function in renewable energy systems and the metal’s critical role in reducing carbon dioxide emissions.

Recently, BHP has focused its attention on its energy assets. In late November, the company merged its oil and gas portfolio with Woodside Petroleum, a deal that was originally struck in August of the same year. On the mineral side of its operations, BHP was looking to acquire Noront Resources (TSXV:NOT,OTC Pink:NOSOF), a Canada-based nickel, copper, chrome and platinum company, but decided not to match a superior offer.

2. OZ Minerals 

Market cap: AU$8.77 billion; current share price: AU$25.70

OZ Minerals (ASX:OZL) is a South Australia-based copper-mining company founded in 2008. Its operations include the Carrapateena project, where construction was completed in 2019, and the upcoming Malu underground mine, which was commissioned in 2015.

In a November press release, OZ Minerals reported a year-to-date 5 percent increase in group ore reserve copper metal tonnes. In its third quarter results, the company reported guidance of between 120,000 and 145,000 tonnes of copper for the year.

3. Sandfire Resources

Market cap: AU$2.59 billion; current share price: AU$6.11

Sandfire Resources (ASX:SFR) owns 7,189 square kilometres in the Bryah Basin region of Western Australia, including its DeGrussa and Monty operations. Both of these are 100 percent owned and produce copper and gold.

The company released its third quarter results in October, reporting total copper production of 15,946 tonnes. Sandfire expects output of between 64,000 and 68,000 tonnes of copper in 2022.

4. 29Metals

Market cap: AU$1.29 billion; current share price: AU$2.63

Australia-based mining company 29Metals (ASX:29M) has the Golden Grove mine in Western Australia and the Capricorn copper mine in Queensland, along with several promising new growth opportunities lined up. 29Metals focuses on copper production, though it also mines for zinc, gold and silver.

According to an October release from the company, production was weaker than expected at Golden Grove during the September quarter. However, the asset's quarter-on-quarter decline of about 10 percent was largely offset by a strong performance at Capricorn.

5. Copper Mountain Mining

Market cap: AU$804.96 million; current share price: AU$3.81

Copper Mountain Mining (ASX:C6C) is a Canadian and Australian copper miner, with its flagship Copper Mountain operation in British Columbia, Canada, and its Eva and Cameron copper projects in Queensland, Australia.

In the third quarter, Copper Mountain Mining reported total output of 22.4 million pounds of copper at its Copper Mountain mine, representing a 12.1 percent quarter-over-quarter decline in production. The company still reported positive cash flow, with strong construction and exploration gains made at its Eva and Cameron projects.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.