Hello everyone, great to have your company on Kalkine TV. I'm Sage and you’re watching
Buzzing Trends.
In today’s show, we’ll be touching upon the hottest space that is keeping investors
on their toes. We’ve got for you five small-cap lithium-focused companies listed on the ASX,
which racked up over 300 per cent returns. Woah………..that’s a lot! The stocks
in focus today are AVZ Minerals Limited, Core Lithium, Ioneer, Piedmont Lithium, and Sayona
Mining Limited.
The prices of lithium are currently trading near a three-year high thanks to the skyrocketing
demand for electric vehicles. This is coupled with dwindling stocks of silver-white light
metal in China, which is the world's topmost consumer. The current prices of lithium carbonate
are almost double compared to the prices seen at the start of 2021. The burgeoning demand
for lithium-ion batteries, which are used in portable devices, electronic gadgets, and
especially in EVs, has in turn, jacked up the demand for lithium.
Now the global ambition to trim down carbon emissions to attain neutrality in the
coming decades is impossible to achieve without the contribution of the critical metal. Hence,
the demand for EVs is expected to increase significantly in near future
One of the biggest markets for EVs, China has made a huge investments towards the development
of EVs. Despite a substantial investment having been made into the sector for maintaining
the market equilibrium of lithium, there’s a huge gap between demand and supply. The
industry needs more investment into the exploration and production of lithium to meet the surging
demand for the critical metal.
With that, let's have a look at five small-cap lithium-focused companies listed on the ASX,
which racked up over 300 per cent 52-week returns.
First up is AVZ Minerals Limited - Based in Perth, Australia, lithium miner AVZ Minerals
was listed on the ASX in 2007. The company holds and operates the Manono Project, located
in the Democratic Republic of the Congo. The company recently increased its shareholding
in the Manono project to 75 per cent and received the approval from the local government.
Next stock to look at is Core Lithium Limited, which has its headquarters in Adelaide, Australia.
CXO holds operations in the highly prospective regions of South Australia and the Northern
Territory. CXO is currently engaged in the development of the Finniss Lithium Project,
located in Australia. Recent studies conducted on the project have shown that the site could
support the production of an average 173,000 tonnes per annum of lithium concentrate.
Time for a short break, I’ll be right back with more ASX stocks with commendable 52-week
returns. Stay Tuned
Welcome back after the break, I am Sage and you’re watching the Buzzing Trends By Kalkine
TV.
Moving on to the third stock on our list - Ioneer Limited. Ioneer or INR Limited was listed
on the ASX in December 2007. INR operates the Nevada-based Rhyolite Ridge Lithium-Boron
Project. The miner aims to become one of the leading suppliers of boric acid and lithium
carbonate in Asia and the US. The company recently granted an engineering and supply
contract to DuPont Clean Technologies for proprietary equipment to a planned sulphuric
acid plant.
Next up is Piedmont Lithium Limited. Incorporated in 1983, Piedmont Lithium Limited is engaged
in the development of the North Carolina lithium project. The lithium-focused miner is involved
in producing low-cost lithium hydroxide. PLL recently applied for a state mining permit.
It’s also submitted a draft loan application to the US Department of Energy Loan, seeking
funding for its North Carolina Project.
And the last stock: Sayona Mining was incorporated in 2000 and has its headquarters in Queensland,
Australia. Sayona is an emerging lithium producer with operations in Western Australia and Canada.
The company recently announced the project review of the newly acquired Canada's Lithium mine
which shows potential to significantly increase lithium resources.
Five ASX lithium stocks that ballooned over 300%
Do you want to tap into the most happening sector for investments? Here are five small-cap
lithium-focused companies listed on the ASX, which racked up over 300 per cent returns.
The stocks in focus today are AVZ Minerals Limited, Core Lithium, Ioneer, Piedmont Lithium,
and Sayona Mining Limited. The prices of lithium are currently trading near a three-year high
thanks to the skyrocketing demand for electric vehicles. This is coupled with dwindling stocks
of silver-white light metal in China, which is the world's topmost consumer. The current
prices of lithium carbonate are almost double compared to the prices seen at the start of
2021. The burgeoning demand for lithium-ion batteries, which are used in portable devices,
electronic gadgets, and especially in EVs, has in turn, jacked up the demand for lithium.
That is all from the Buzzing Trends today. Hope you found the show informative. Keep
watching Kalkine TV for all such market and stock related insights. This is Sage signing
off