10 exciting ASX-listed battery metal stocks under $1

Summary

  • Surging demand for energy storage and electric vehicles has increased the demand for batteries.
  • Lithium, nickel, and cobalt, which are the main components of new-age batteries, have been the direct beneficiaries of the electric vehicle revolution.
  • Robust demand growth for battery metals is expected to continue in the coming years.

Batteries are the edifice of the wireless technology revolution. They are gaining major acceptance in the industry, owing to new emerging markets, technological advancements, and falling battery prices.

Even though wireless charging is still in its early stages, the technology is powering smartphones, smart wearables to electric vehicles and even smart homes.

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Batteries are poised to play a vital role in the transition from a conventional fossil-fuel-driven economy to a green economy.

A rapid surge in the use of renewable energy sources has triggered the demand for batteries for energy storage. At the same time, the ongoing electric vehicle (EV) revolution with auto manufacturers focused on advanced models has increased the popularity of EVs. In addition, government initiatives in the form of subsidies have cranked up the demand for EVs, which in turn is boosting the battery metal space.   

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Lithium, nickel, cobalt, and graphite are the main components of the new-age battery technology. These components enable fast charging times and better power output that can last long.

The current surge in demand for batteries has created pressure on the supply side, or we can say on battery metal miners.

Must Read: Which are the hottest ASX-listed lithium stocks?

According to the Resources and Energy Quarterly (March 2021) of the Australian Department of Industry, Science, Energy and Resources, Australia is the largest supplier of lithium in the world. On the other hand, the Democratic Republic of Congo (DRC) holds the title of the leading producer of cobalt globally. The Philippines has become the biggest supplier of nickel ores.

In this backdrop, let us look at 10 ASX-listed battery metal stocks trading under AU$1.0 and delivering excellent returns.

                       

10 Exciting ASX-listed battery metal stocks under $1

 

Jervois Mining Limited

Jervois Mining Limited (ASX:JRV) aspires to be a global battery metal supplier. JRV is a leading cobalt-focused company with significant interests in nickel and copper assets.   

Its project portfolio includes the US-based Idaho Cobalt operations (partially built) and the proposed acquisition of a nickel and cobalt refinery in Brazil. 

As of 2 July 2021, the company has provided an impressive return of 262.50% in the last one year at a share price of AU$0.580.

Also Read: Which are the hot ASX-listed battery stocks?

Poseidon Nickel Limited

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Poseidon Nickel Limited (ASX:POS) is a nickel sulphide exploration and development company with flagship projects in Western Australia’s Goldfields region. The company has a strong resource base of nearly 400,000 tonnes of nickel.

POS stock has delivered a return of 275% in the last 52-week period at a share price of AU$0.105, as of 2 July 2021.

Galan Lithium Limited

Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium player. The company is developing high-grade lithium brine projects in South America's lithium triangle region, which hosts the world’s largest lithium reserves.

The shares of GLN have given a return of 527.59% in the last one year with a stock price of AU$0.91 as of 2 July 2021.

Core Lithium Limited

Core Lithium Limited (ASX:CXO) is an Australia-based emerging lithium producer. The company is developing one of the most capital-efficient and cost-competitive spodumene lithium projects in the Northern Territory.

As of 2 July 2021, the stock gained 434.09% in the last one year at a price of AU$0.235.

Good Read: Core Lithium (ASX:CXO) hits 2-1/2-week high as mine gets Major Project Status

Latin Resources Limited

Latin Resources Limited (ASX:LRSis another penny stock operating in the lithium sector. The shares of the company have gone up 585.71% in the last one year at a price of AU$0.05 as of 2 July 2021. 

Its project portfolio includes the Yarara gold project, Noombenberry Halloysite Project, and the Big Grey Project in Australia.

Anson Resources Limited

Anson Resources Limited (ASX:ASNholds and operates the flagship Paradox Brine Project in Utah, US. The company deals with the exploration and development of natural resources to meet the rapidly growing new energy demand.

ASN stock gave an annual return of 164% at a share price of AU$0.066 as of 2 July 2021.

Magnis Energy Technologies

Magnis Energy (ASX:MNS) is an aspiring ASX-listed lithium-ion battery cell manufacturing company. MNS aims to become one of the largest producers of batteries. In addition, the company holds and operates a world-class graphite asset in Tanzania.

The shares of MNS have given a 243.75% annual return at a share price of AU$0.275 as of 2 July 2021.

EcoGraf Limited

EcoGraf (ASX:EGR) is an Australia-based company, focused on building a vertically integrated ‘HFfree’ battery anode material business. Its business includes battery products, battery recycling and Epanko graphite Project. 

The graphite player has given a 788.06% annual return at a share price of AU$0.595 as of 2 July 2021.

Don’t Miss: Why are EcoGraf (ASX:EGR) shares trading a tad bit higher today?

Prospect Resources Limited

Prospect Resources Limited (ASX:PSC) is an ASX-listed lithium player. The company is engaged in the exploration and development of lithium and other battery metal assets in Zimbabwe. Arcadia Lithium Project is the company’s flagship project located on the outskirts of Harare in Zimbabwe.

The shares of PSC gave an annual return of 261.54% at a share price of AU$0.235, as of 2 July 2021.

Firefinch Limited

Firefinch Limited (ASX:FFX) is an ASX-listed lithium and gold focused company. Its Goulamina Lithium Project contains one of the largest underdeveloped deposits globally. The project has the potential to become one of the lowest-cost lithium producers.

FFX shares have given an extraordinary return of 276.19% in the last one year at a share price of AU$0.395, as of 2 July 2021.

Batteries are the edifice of the wireless technology revolution. They are gaining major acceptance in the industry, owing to new emerging markets, technological advancements, and falling battery prices.

Even though wireless charging is still in its early stages, the technology is powering smartphones, smart wearables to electric vehicles and even smart homes.

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