Experts tip Hungary as Europe’s next major battery producer
Hungary to emerge as the leading battery producer in Europe this decade: BMI Country’s battery capacity pipeline is set to … Read More
The post Eye…
- Hungary to emerge as the leading battery producer in Europe this decade: BMI
- Country’s battery capacity pipeline is set to grow sevenfold to reach 207 gigawatt hours (GWh) by the end of 2031, from 27.5 GWh in 2021
- CATL, the world’s largest battery maker, is pouring $7.5bn into the construction of 100GWh battery plant in the country to supply its European customers
All your lithium news, Wednesday December 28.
With tier 1 battery producers like CATL and SK Innovation (SKI) ramping up expansions plans in Hungary to meet demand from Europe’s automakers, Benchmark Mineral Intelligence (BMI) says it is set to emerge as the leading battery producer in Europe this decade.
According to Benchmark’s Gigafactory Assessment, the country’s battery capacity pipeline is set to grow sevenfold to reach 207 gigawatt hours (GWh) by the end of 2031, from 27.5 GWh in 2021.
“Over 75 GWh, or 86%, of this capacity is set to come from tier 1 battery producers, more than any other country in Europe,” the research firm says.
Tier-1 producers are those qualified to supply more than one multinational electric vehicle producer outside of China and have more than 10 GWh of annual production capacity.
“Hungary offers a source of cheaper labour and land cost when compared with Western Europe,” BMI analyst Evan Hartley says.
“Eastern European cell capacity is also likely to get a further boost as cost is one of the key reasons for many Asian suppliers when deciding where to base operations.”
CATL, the world’s largest battery maker, is pouring $7.5bn into the construction of 100GWh battery plant in the country to supply its European customers including Mercedes-Benz and BMW while South Korea’s SK Innovation spends $3bn building a 30GWh battery plant.
Samsung SDI is also spending nearly a billion dollars to expand battery production to 30GWh by 2026 at Göd, Hungary, near Budapest.
Here’s how ASX lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| RLC | Reedy Lagoon Corp. | 0.011 | 10% | $5,667,196 |
| INF | Infinity Lithium | 0.115 | 10% | $48,572,170 |
| TON | Triton Min Ltd | 0.037 | 9% | $47,014,662 |
| BYH | Bryah Resources Ltd | 0.026 | 8% | $6,750,083 |
| AX8 | Accelerate Resources | 0.027 | 8% | $7,775,693 |
| IMI | Infinitymining | 0.28 | 8% | $19,884,363 |
| WCN | White Cliff Min Ltd | 0.014 | 8% | $9,792,707 |
| RGL | Riversgold | 0.028 | 8% | $24,582,161 |
| WR1 | Winsome Resources | 1.02 | 7% | $132,232,420 |
| EPM | Eclipse Metals | 0.015 | 7% | $28,339,596 |
| ADV | Ardiden Ltd | 0.008 | 7% | $20,162,515 |
| KTA | Krakatoa Resources | 0.048 | 7% | $15,511,946 |
| ALY | Alchemy Resource Ltd | 0.023 | 5% | $25,917,678 |
| DTM | Dart Mining NL | 0.056 | 4% | $8,384,049 |
| FTL | Firetail Resources | 0.15 | 3% | $9,425,000 |
| LIS | Lisenergylimited | 0.33 | 3% | $53,092,540 |
| SCN | Scorpion Minerals | 0.072 | 3% | $24,199,433 |
| EMC | Everest Metals Corp | 0.082 | 3% | $8,514,649 |
| TEM | Tempest Minerals | 0.0225 | 2% | $11,104,856 |
| LEL | Lithenergy | 0.73 | 2% | $43,007,250 |
| RIO | Rio Tinto Limited | 117.69 | 2% | $42,849,487,582 |
| AML | Aeon Metals Ltd. | 0.028 | 2% | $30,151,017 |
| MNS | Magnis Energy Tech | 0.365 | 1% | $349,319,334 |
| DRE | Dreadnought Resources Ltd | 0.097 | 1% | $295,636,309 |
| PNN | Power Minerals Ltd | 0.51 | 1% | $36,483,636 |
| WES | Wesfarmers Limited | 46.16 | 0% | $52,231,691,280 |
| 1MC | Morella Corporation | 0.013 | 0% | $79,281,546 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| JRL | Jindalee Resources | 1.805 | 0% | $103,569,034 |
| LIT | Lithium Australia | 0.045 | 0% | $54,953,625 |
| PSC | Prospect Res Ltd | 0.115 | 0% | $53,159,838 |
| TKL | Traka Resources | 0.007 | 0% | $4,821,422 |
| ARN | Aldoro Resources | 0.18 | 0% | $20,324,217 |
| CHR | Charger Metals | 0.41 | 0% | $17,922,891 |
| AAJ | Aruma Resources Ltd | 0.057 | 0% | $8,946,806 |
| CTN | Catalina Resources | 0.009 | 0% | $11,146,382 |
| KGD | Kula Gold Limited | 0.023 | 0% | $8,307,874 |
| KZR | Kalamazoo Resources | 0.22 | 0% | $32,740,262 |
| MTM | Mtmongerresources | 0.08 | 0% | $4,561,938 |
| AZI | Altamin Limited | 0.08 | 0% | $31,337,340 |
| PGD | Peregrine Gold | 0.4 | 0% | $15,500,756 |
| AVW | Avira Resources Ltd | 0.003 | 0% | $6,401,370 |
| RMX | Red Mount Min Ltd | 0.0045 | 0% | $8,947,570 |
| MRR | Minrex Resources Ltd | 0.032 | 0% | $34,715,760 |
| RDT | Red Dirt Metals Ltd | 0.46 | 0% | $191,417,879 |
| EFE | Eastern Resources | 0.028 | 0% | $32,299,444 |
| MQR | Marquee Resource Ltd | 0.034 | 0% | $11,125,055 |
| SRZ | Stellar Resources | 0.011 | 0% | $11,050,940 |
| LSR | Lodestar Minerals | 0.005 | 0% | $8,692,187 |
| NWM | Norwest Minerals | 0.052 | 0% | $11,549,584 |
| AOA | Ausmon Resorces | 0.007 | 0% | $6,001,025 |
| VKA | Viking Mines Ltd | 0.01 | 0% | $10,252,584 |
| IPT | Impact Minerals | 0.007 | 0% | $17,369,594 |
| VMC | Venus Metals Cor Ltd | 0.135 | 0% | $24,040,622 |
| G88 | Golden Mile Res Ltd | 0.022 | 0% | $4,500,975 |
| WC8 | Wildcat Resources | 0.024 | 0% | $15,888,545 |
| THR | Thor Mining PLC | 0.006 | 0% | $8,653,277 |
| CZL | Cons Zinc Ltd | 0.018 | 0% | $8,332,586 |
| MXR | Maximus Resources | 0.04 | 0% | $12,756,231 |
| M2R | Miramar | 0.08 | 0% | $5,654,539 |
| AOU | Auroch Minerals Ltd | 0.051 | 0% | $21,820,102 |
| XTC | Xantippe Res Ltd | 0.0055 | 0% | $52,002,691 |
| LLI | Loyal Lithium Ltd | 0.3 | 0% | $15,747,000 |
| LRD | Lordresourceslimited | 0.19 | 0% | $6,324,078 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| ZEO | Zeotech Limited | 0.046 | 0% | $75,472,461 |
| TYX | Tyranna Res Ltd | 0.024 | 0% | $57,730,208 |
| DAF | Discovery Alaska Ltd | 0.032 | 0% | $7,175,510 |
| IR1 | Irismetals | 1.16 | 0% | $72,766,800 |
| LNR | Lanthanein Resources | 0.022 | 0% | $21,594,663 |
| DAL | Dalaroometalsltd | 0.1 | 0% | $2,987,500 |
| OCN | Oceanalithiumlimited | 0.36 | 0% | $12,717,000 |
| CMD | Cassius Mining Ltd | 0.022 | 0% | $8,986,844 |
| VSR | Voltaic Strategic | 0.023 | 0% | $7,047,905 |
| EUR | European Lithium Ltd | 0.075 | -1% | $110,142,177 |
| MMC | Mitremining | 0.255 | -2% | $7,042,126 |
| ZNC | Zenith Minerals Ltd | 0.25 | -2% | $89,585,217 |
| INR | Ioneer Ltd | 0.3675 | -2% | $786,876,850 |
| FG1 | Flynngold | 0.098 | -2% | $7,832,354 |
| MLS | Metals Australia | 0.043 | -2% | $26,709,592 |
| GSM | Golden State Mining | 0.043 | -2% | $5,148,625 |
| AS2 | Askarimetalslimited | 0.405 | -2% | $20,475,736 |
| NMT | Neometals Ltd | 0.805 | -2% | $456,011,470 |
| AM7 | Arcadia Minerals | 0.2 | -2% | $9,573,068 |
| GLN | Galan Lithium Ltd | 0.975 | -3% | $305,505,405 |
| CY5 | Cygnus Gold Limited | 0.39 | -3% | $73,549,685 |
| STM | Sunstone Metals Ltd | 0.036 | -3% | $96,956,517 |
| MIN | Mineral Resources. | 77.62 | -3% | $15,159,650,364 |
| AUN | Aurumin | 0.067 | -3% | $12,265,639 |
| BMM | Balkanminingandmin | 0.33 | -3% | $15,222,485 |
| LRV | Larvottoresources | 0.16 | -3% | $11,097,029 |
| CXO | Core Lithium | 0.95 | -3% | $1,805,007,632 |
| IGO | IGO Limited | 13.36 | -3% | $10,442,723,141 |
| TUL | Tulla Resources | 0.31 | -3% | $68,111,504 |
| VUL | Vulcan Energy | 6.19 | -3% | $917,985,926 |
| LPD | Lepidico Ltd | 0.0145 | -3% | $114,566,568 |
| GW1 | Greenwing Resources | 0.29 | -3% | $37,872,205 |
| NVA | Nova Minerals Ltd | 0.6275 | -3% | $136,535,185 |
| LPI | Lithium Pwr Int Ltd | 0.41 | -4% | $267,366,463 |
| FRS | Forrestaniaresources | 0.13 | -4% | $8,220,326 |
| CAI | Calidus Resources | 0.26 | -4% | $118,241,560 |
| LLL | Leolithiumlimited | 0.4475 | -4% | $458,795,464 |
| GT1 | Greentechnology | 0.75 | -4% | $148,775,947 |
| EMS | Eastern Metals | 0.073 | -4% | $2,968,895 |
| LTR | Liontown Resources | 1.2125 | -4% | $2,778,490,718 |
| PLS | Pilbara Min Ltd | 3.635 | -4% | $11,392,284,062 |
| QPM | Queensland Pacific | 0.11 | -4% | $200,830,011 |
| TMB | Tambourahmetals | 0.11 | -4% | $4,737,149 |
| EMH | European Metals Hldg | 0.655 | -4% | $81,879,947 |
| PLL | Piedmont Lithium Inc | 0.64 | -4% | $279,277,708 |
| KAI | Kairos Minerals Ltd | 0.021 | -5% | $43,210,057 |
| A11 | Atlantic Lithium | 0.5775 | -5% | $366,473,704 |
| AGY | Argosy Minerals Ltd | 0.51 | -5% | $751,358,011 |
| AKE | Allkem Limited | 11.05 | -5% | $7,396,833,798 |
| MM1 | Midasmineralsltd | 0.2 | -5% | $11,997,670 |
| WML | Woomera Mining Ltd | 0.019 | -5% | $19,123,224 |
| CRR | Critical Resources | 0.038 | -5% | $63,113,531 |
| LRS | Latin Resources Ltd | 0.093 | -5% | $203,356,407 |
| LKE | Lake Resources | 0.73 | -5% | $1,071,569,506 |
| TKM | Trek Metals Ltd | 0.071 | -5% | $27,295,881 |
| BNR | Bulletin Res Ltd | 0.084 | -6% | $26,040,608 |
| SGQ | St George Min Ltd | 0.065 | -6% | $55,988,968 |
| AZL | Arizona Lithium Ltd | 0.062 | -6% | $159,055,087 |
| ESS | Essential Metals Ltd | 0.3 | -6% | $85,461,342 |
| SYA | Sayona Mining Ltd | 0.1775 | -7% | $1,650,290,982 |
| EVR | Ev Resources Ltd | 0.014 | -7% | $13,934,761 |
| QXR | Qx Resources Limited | 0.041 | -7% | $38,801,942 |
| A8G | Australasian Metals | 0.2 | -7% | $8,851,656 |
| RAG | Ragnar Metals Ltd | 0.013 | -7% | $5,308,588 |
| RAS | Ragusa Minerals Ltd | 0.105 | -9% | $15,605,062 |
| GL1 | Globallith | 1.665 | -9% | $391,172,925 |
| PAM | Pan Asia Metals | 0.38 | -10% | $61,679,348 |
| ENT | Enterprise Metals | 0.009 | -10% | $7,050,807 |
| ASN | Anson Resources Ltd | 0.175 | -10% | $229,759,710 |
| SRI | Sipa Resources Ltd | 0.032 | -11% | $8,171,493 |
Twas a post-Christmas stock market slump as the ASX closed 0.4% lower.
In the land of lithium, only 25 companies finished in the green while another 61 slipped into a sea of red.
Who’s got news out?
ST GEORGE (ASX:SGQ)
SGQ is the only company with lithium news today.
It updated the market with an expanded cautionary statement regarding the significance of visual estimates of pegmatites intersected in drilling on December 21.
“While the company is very encouraged by the geology identified in the completed drill holes, no qualitative or quantitative assessment of mineralisation within intersected pegmatites is possible at this stage,” the company stated in an ASX announced on Wednesday.
“Geological logging is based on visual interpretations and should not be considered a substitute for laboratory analysis.
“The visual observation of lithium‐bearing minerals within pegmatites does not necessarily equate to lithium mineralisation, and laboratory assays are required to confirm the presence and grade of any contained lithium.
“Given the nature of lithium mineralisation, it is not possible to estimate by visual assessment the abundance of any lithium within the pegmatites intersected by the completed drilling.”
Laboratory assays are required to determine the concentration of lithium mineralisation within the reported pegmatite intersections, the company adds.
The post Eye on Lithium: Experts tip Hungary as Europe’s next major battery producer appeared first on Stockhead.
Argentina Is One of the Most Regulated Countries in the World
In the coming days and weeks, we can expect further, far‐reaching reform proposals that will go through the Argentine congress.
