asx lithium stocks l1m

Eye on Lithium: Australia interested in critical minerals investment from ‘allies’ – Stockhead

As Australia positions itself as the alternative supplier of choice for critical minerals such as lithium, Treasurer Jim Chalmers has found that there is much to be gained by encouraging investment from allies.

At a conference in Sydney, he said that “foreign investment is a good thing when it is in our national interest” but that Australia “needs to be more vigorous in encouraging investment that clearly aligns with our longer-term national interest”.

The federal government has allocated $1 billion to “add value” to resources as part of its National Recovery Fund, in addition to its $2 billion Critical Minerals Facility to support new projects.

He added that countries need to avoid the pitfalls of a concentrated global market, which is very much the case for the lithium sector, where the vast majority of processing capacity is located in China. China also produces three quarters of all lithium-ion batteries.

“To put it as simply as possible – our international friends need someone to rely on, so we let them rely on us,” Chalmers added.

Three of the world’s largest lithium producers outside of China continue to invest in Chinese manufacturing assets despite efforts to secure supply chains.

Albemarle, Livent and SQM have all announced new processing plants in China this year to produce lithium hydroxide and lithium carbonate, with production said to dwarf that of North America Benchmark Minerals.

China’s dominance in lithium processing not only makes investing in the country faster and cheaper than building in North America, but also makes it too big for major lithium producers to ignore benchmark analyst Daisy Jennings-Gray.

“They may not necessarily want decoupling because so much of their downstream demand is in China, where it’s expected to remain for at least the next decade,” she said.

“It’s easier and cheaper to launch operations in China, and it helps to have regional hubs to meet demand in different areas and meet the needs of different customers.”

While North America could quadruple chemical lithium production from current supplies to 70,000 tonnes of LCE (lithium carbonate equivalent) by 2025 if all capacity announcements go to market successfully, it still pales in comparison to China, which is projected to have production of 847,000 tonnes LCE by 2025 if plants from all producers are taken into account.

How to Track ASX Lithium Stocks:

CODED SOCIETY PRICE % TODAY MARKET CAP
TSC Twenty Seven Co. Ltd 0.002 33% $7,982,442
ALY Alchemy Resource Ltd 0.03 fifteen% $30,629,983
IPT impact minerals 0.01 11% $22,332,335
LRV Larvotto Resources 0.19 9% $8,733,463
WML Woomera Mining Ltd 0.015 7% $13,154,180
MTM mtmongerresources 0.105 7% $3,675,983
CMD Cassius Mining Ltd 0.03 7% $11,304,745
KGD Kula Gold Limited 0.035 6% $11,919,993
TKM Trek Metals Ltd 0.09 6% $30,935,332
TMB tambourah metals 0.1525 5% $5,972,927
CZL Cons Zinc Ltd 0.022 5% $9,721,350
BNR Newsletter Res Ltd 0.125 4% $35,110,932
LILY lisenergylimited 0.41 4% $65,536,104
YOUR Triton Min Ltd 0.029 4% $38,717,957
KAI Kairos Minerals Ltd. 0.029 4% $54,994,618
QXR Qx Resources Limited 0.061 3% $52,029,877
WC8 Wildcat Resources 0.033 3% $20,856,727
CY5 Cygnus Gold Limited 0.505 3% $79,675,535
WCN White Cliff Min Ltd 0.0175 3% $12,709,257
NRL Lanthanum Resources 0.036 3% $33,698,895
STM Sunstone Metals Ltd 0.038 3% $96,956,517
TUL Tulla Resources 0.395 3% $77,228,203
EFE Eastern resources 0.042 2% $46,448,184
EARTH Dreadnought Resources Ltd 0.094 2% $282,781,463
GW1 Greenwing Resources 0.3625 2% $44,802,939
EMH European Metals Hldg 0.76 2% $88,714,066
BED Lithium Australia 0.052 2% $62,280,775
TEMP Storm Minerals 0.0285 2% $14,133,453
ZNC Zenith Minerals Ltd 0.315 2% $107,108,806
NVA NovaMinerals Ltd 0.71 1% $128,562,893
WE S Wesfarmers Limited 49.52 1% $55,388,095,822
HAS A aurumine 0.077 1% $10,264,342
RRM Minrex Resources Ltd 0.044 1% $47,134,064
OKN ocean lithium limited 0.52 1% $17,728,875
LPI Lithium Pwr Int Ltd 0.535 1% $207,336,597
adv Ardiden Ltd 0.009 0% $24,015,018
1MC Morella Corporation 0.018 0% $104,428,004
AML Aeon Metals Ltd. 0.028 0% $30,699,217
DSC Anson Resources Ltd 0.235 0% $276,335,090
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
SSE Essential Metals Ltd 0.42 0% $108,764,850
USD European Lithium Ltd 0.088 0% $127,533,047
LPD Lepidico Ltd 0.017 0% $129,842,111
MLS metals Australia 0.049 0% $29,744,773
PSC prospectus res ltd 0.165 0% $76,272,811
RLC Reedy Lagoon Corp. 0.012 0% $6,689,123
TKL Traka Resources 0.006 0% $4,132,647
WFP Pan-Asian Metals 0.45 0% $66,085,016
AM7 Arcadia Minerals 0.255 0% $11,907,962
AS2 Askarimetalslimited 0.425 0% $20,969,127
BYH Bryana Resources Ltd 0.027 0% $7,593,844
DTM Dart Mining NL 0.07 0% $10,868,211
EMS Eastern metals 0.098 0% $3,828,312
FRS Forrestania Resources 0.18 0% $9,075,568
MMC mitremining 0.225 0% $6,094,148
RAG Ragnar Metals Ltd 0.018 0% $6,825,328
SCHH Shree Minerals Ltd 0.009 0% $11,146,382
AZL Arizona Lithium Ltd 0.076 0% $183,154,343
CRR critical resources 0.055 0% $82,143,691
CNS Scorpio Minerals 0.077 0% $25,695,377
ENT corporate metals 0.01 0% $6,529,807
PID Wandergold 0.46 0% $17,825,869
AVW Avira Resources Ltd 0.003 0% $6,401,370
RMX Red Mount Min Ltd 0.005 0% $8,211,819
RTD Red Dirt Metals Ltd 0.575 0% $191,319,265
A8G Australasian Metals 0.22 0% $9,057,509
MQR Marquee Resource Ltd 0.052 0% $16,516,114
SRZ Stellar Resources 0.013 0% $13,060,202
LSR Lodestar Minerals 0.006 0% $10,430,624
NWM Northwest Minerals 0.055 0% $12,215,906
AAO Ausmon Resources 0.006 0% $5,143,736
VKA Viking Mines Ltd 0.01 0% $10,252,584
CMV Venus Metals Cor Ltd 0.145 0% $25,821,409
RAS Ragusa Minerals Ltd 0.13 0% $17,188,359
G88 Golden Mile Res Ltd 0.023 0% $4,705,564
EPM Eclipse Metals 0.019 0% $38,460,880
EVR Ev Resources Ltd 0.021 0% $19,445,665
MNS Magnis Energy Tech 0.37 0% $359,022,649
THR Thor Mining PLC 0.009 0% $9,925,951
MM1 midas minerals ltd 0.175 0% $9,998,059
M2R Miramar 0.096 0% $6,785,447
XTC Xantippe Res Ltd 0.007 0% $57,016,609
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ZEO Zeotech Limited 0.037 0% $59,737,715
KTA Krakatoa Resources 0.06 0% $20,682,595
FTL Firetail Resources 0.17 0% $11,050,000
DAL dalaroometalsltd 0.115 0% $3,435,625
Rio Rio Tinto Limited 106.01 0% $39,523,390,305
IR1 iris metals 1.83 -1% $115,423,200
PNN PowerMinerals Ltd 0.635 -1% $46,180,501
PLL Piedmont Lithium Inc 0.8525 -1% $453,710,888
AZI Altamin Limited 0.095 -1% $37,604,808
INF Infinite Lithium 0.1825 -1% $81,821,132
CAI Calidus Resources 0.36 -1% $159,790,322
QPM Queensland Pacific 0.1775 -1% $314,342,626
RNA Aldoro Resources 0.355 -1% $40,495,434
LEL lith energy 0.905 -2% $55,338,000
GL1 Globallith 2.39 -2% $505,921,762
BMM Balkan mining andmin 0.285 -2% $12,473,119
VUL volcanic energy 7.1 -2% $1,036,314,226
AGY Argosy Minerals Ltd 0.6025 -2% $863,710,611
NMT Neometals Ltd 1.0175 -2% $574,850,823
INR ioner ltd 0.5425 -2% $1,164,577,738
MXR Maximus Resources 0.041 -2% $13,394,042
yyy Aromaa Resources Ltd 0.077 -3% $12,399,959
AX8 Accelerate resources 0.032 -3% $10,263,915
CFO Discovery Alaska Ltd 0.029 -3% $6,727,041
SJA Sayona Mining Ltd 0.2125 -3% $1,874,668,407
A11 Atlantic lithium 0.85 -3% $533,052,661
GSM Golden State Mining 0.055 -4% $6,669,810
LLI Loyal Lithium Ltd 0.54 -4% $26,174,400
MINIMUM natural resources. 82.65 -4% $16,328,697,012
GT1 green technology 0.97 -4% $192,645,777
LLL Leolithium limited 0.5375 -4% $552,527,871
I GO IGO Limited 15.13 -4% $11,964,831,445
B.C load metals 0.56 -4% $25,509,530
ltr Liontown Resources 1,985 -5% $4,568,585,528
AOU Auroch Minerals Ltd 0.06 -5% $23,380,043
LKE Lake Resources 0.995 -5% $1,453,907,151
CXO core lithium 1.3425 -5% $2,601,221,978
GLN Galan Lithium Ltd 1.46 -5% $469,037,617
J.R.L Jindalee Resources 2.15 -5% $130,250,253
RGL river gold 0.035 -5% $34,982,305
IMI Infinity mining 0.34 -6% $22,722,750
WR1 Winsome resources 1.09 -6% $160,766,784
daytime running lights Lordresourceslimited 0.25 -6% $8,820,425
TYX Tyranna Res Ltd 0.03 -6% $76,973,610
PLS Pilbara Min Ltd 4,465 -7% $14,314,336,644
LRS Latin Resources Ltd 0.125 -7% $271,073,324
OBE Allkem Limited 13.32 -8th% $9,188,653,019
FG1 Flyngold 0.11 -8th% $7,687,326
IRS Sipa Resources Ltd 0.038 -10% $9,533,408
KZR Kalamazoo Resources 0.22 -10% $36,460,747

35 lithium games on our list were up today while 44 lost ground.

Who has news?

Lightning Minerals (ASX:L1M)

Soil sampling has commenced at the FMG-backed company’s Dundas project in Norseman, WA to test a number of critical minerals and lithium.

In addition, it is conducting surface mapping and prospecting to identify outcropping structures and other areas of potential mineralization.

Lightning Minerals has also begun interpreting geophysical survey data to develop drill targets as part of its discovery strategy.

The company does so just days later Listing on the ASX.

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#Eye #Lithium #Australia #interested #critical #minerals #investment #allies #Stockhead

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