World demand for lithium presents a major alternative for Australia, which is residence to many ASX lithium mining shares because the world’s high lithium producer.
Australia stays the world’s largest lithium miner, supplying practically 30 % of worldwide manufacturing in 2024, although its dominance is step by step waning as different lithium-producing nations resembling Zimbabwe, Argentina and Brazil scale up output.
Because of this, oversupply has pushed lithium costs to multiyear lows, with battery-grade spodumene buying and selling below US$800/tonne — pressuring even environment friendly Australian producers to trim output or delay initiatives.
Nonetheless, demand fundamentals stay intact. In 2024, world lithium demand jumped practically 30 % to 220,000 tonnes, pushed by hovering EV gross sales up 35 %.
Markets count on a gradual worth rebound as high-cost provide exits and demand catches up, Goldman Sachs (NYSE:GS) initiatives spodumene costs rising towards US$1,150/tonne by 2027, and long-term deficits rising by the top of the last decade.
For traders eyeing high ASX lithium shares, the present surroundings affords considerable manufacturing capability at discounted valuations, although profitability stays tied to a restoration in world lithium costs.
Under the Investing Information Community seems to be on the high 5 Australian lithium corporations by year-to-date features. The checklist under was generated utilizing TradingView’s inventory screener on July 23, 2025, and ASX lithium corporations with market caps above AU$10 million at the moment have been thought-about for inclusion.
1. Jindalee Lithium (ASX:JLL)
12 months-to-date achieve: 123.26 percentMarket cap: AU$35.94 millionShare worth: AU$0.48
Perth-based Jindalee Lithium is at the moment centered on its McDermitt lithium mission, which it regards as a possible low-cost and long-life lithium supply for North America.
On April 22, McDermitt was declared among the many US Trump administration’s first 10 useful resource initiatives designated as Quick-41 Transparency Tasks, which is meant to quick monitor useful resource initiatives vital to the US’s crucial minerals provide chain. The designation secures publicly accessible allowing timelines and enhances interagency cooperation for the mission.
Shares of Jindalee Lithium spiked to a year-to-date excessive of AU$0.565 April 30, the day after Jindalee launched its March 2025 quarterly actions report.
On July 10, Jindalee introduced a memorandum of understanding with US-based LiChem Operations, which is growing its lithium refining course of for battery grade lithium. Jindalee will initially provide LiChem with 100 kilograms of ore from McDermitt for testwork.
If each corporations are glad with the consequence, Jindalee will present as much as 20 tonnes of additional ore to LiChem in phases. There’s additionally potential for Jindalee to barter for a licence to make use of LiChem’s course of rather than the sulphuric acid flowsheet from its prefeasibility research.
2. Liontown Sources (ASX:LTR)
12 months-to-date achieve: 75.47 percentMarket cap: AU$2.34 billionShare worth: AU$0.93
Liontown Sources has two belongings in Western Australia, together with the manufacturing Kathleen Valley mine and processing plant. The mine entered open-pit manufacturing throughout the second half of 2024, and the plant reached business manufacturing in January 2025.
The corporate is at the moment transitioning from open-pit to underground mining operations at Kathleen Valley. Underground manufacturing stoping kicked off in April of this 12 months, making Kathleen Valley Western Australia’s first underground lithium mine.
Liontown additionally owns the Buldania lithium mission within the Japanese Goldfields province of Western Australia. The mission has an preliminary mineral useful resource of 15 million tonnes at 1.0 % lithium oxide.
On June 30, Liontown introduced government management modifications, appointing Graeme Pettit as interim chief monetary officer and Ryan Hair as chief working officer after CFO Jon Latto and COO Adam Smits determined to step down from the positions.
The corporate launched its fiscal 2025 outcomes on July 29, reporting that Kathleen Valley produced over 300,000 moist metric tonnes of spodumene focus throughout its first 11 months of operations.
Shares of Liontown Sources reached a year-to-date excessive of AU$1.03 on July 21.
3. Anson Sources (ASX:ASN)
12 months-to-date achieve: 57.14 percentMarket cap: AU$145.61 millionShare worth: AU$0.11
Newport Seashore-based Anson Sources is advancing improvement of its flagship Paradox lithium mission and its Inexperienced River lithium mission, each situated the Paradox Basin of Utah, US. It plans to supply lithium from the initiatives utilizing direct lithium extraction (DLE).
Anson Sources has shared vital developments at Inexperienced River this 12 months. Based on its March quarterly actions report, the corporate accomplished a DLE pilot program with Koch Expertise Options, producing 43,000 gallons of lithium chloride eluate with a median lithium restoration of 98 % from brine extracted from Inexperienced River’s Bosydaba #1 effectively.
A June maiden JORC mineral useful resource for Inexperienced River estimated 103,000 tonnes of lithium carbonate equal based mostly solely on drilling on the Bosydaba #1 effectively. The prior month, the corporate negotiated a decrease royalty charge settlement with the Utah authorities.
On July 1, the corporate introduced it signed a non-binding memorandum of understanding with POSCO Holdings (NYSE:PKX,KRX:005490) to co-develop a DLE demonstration plant at Inexperienced River, which POSCO will totally fund.
Anson Sources’ share worth spiked in mid-July, in the end climbing to a year-to-date excessive of AU$0.11 on July 21, following a pair of bulletins.
On July 14, Anson reported it shipped about 2 tons of lithium brine to POSCO in South Korea for take a look at work and due diligence. Two days later, it introduced that its sprucing system, which is put in at Inexperienced River, efficiently decreased the minor contaminants from the lithium chloride eluate produced within the KOCH DLE pilot program.
4. Future Battery Minerals (ASX:FBM)
12 months-to-date achieve: 22.22 percentMarket cap: AU$14.81 millionShare worth: AU$0.022
Future Battery Minerals’ portfolio consists of its flagship Kangaroo Hills lithium mission and Miriam lithium-gold mission, that are a part of its Coolgardie lithium initiatives in Western Australia’s Goldfields area. It’s also exploring its Coolgardie gold initiatives: Kal North, Burbanks East and Nepean South.
The corporate mentioned in a March quarterly actions replace that it obtained a program of works for a maiden Section 1 drilling program on the Miriam mission, with one in place for future drilling at Kangaroo Hills. It plans to schedule exploration drilling on the Coolgardie lithium initiatives as soon as the metallic reaches extra beneficial market circumstances.
“Within the interim, FBM is focussed on low-cost preservation of the underlying worth that exists inside its Kangaroo Hills and Miriam lithium tenure,” the corporate said.
On Might 19, the corporate confirmed it acquired the remaining 15 % curiosity within the lithium rights at Miriam, in addition to all gold and base metallic rights.
In its June quarterly report launched July 24, Future Battery Minerals mentioned its present deal with gold exploration, stating {that a} gold-focused evaluate of historic drill knowledge at Miriam “highlighted constant and steady gold mineralisation … over greater than 600 metres on the Forrest prospect.”
The corporate accomplished its gold-focused Section 1 reverse circulation drill program at Miriam’s Forrest and Canyon prospects on July 22.
Shares of Future Battery Minerals reached a year-to-date excessive of AU$0.029 on July 25.
5. Argosy Minerals (ASX:AGY)
12 months-to-date achieve: 17.86 percentMarket cap: AU$46.08 millionShare worth: AU$0.033
Argosy Minerals is at the moment centered on advancing its Rincon lithium mission in Salta Province, Argentina. The mission spans 2,794 hectares throughout the Lithium Triangle. Argosy at the moment holds a 77.5 % curiosity in Rincon, with plans to extend to 90 % by its earn-in settlement.
It entered manufacturing of battery-grade lithium carbonate in 2024 at its 2,000 tonne per 12 months demonstration facility, however has since suspended operations because of the low lithium worth surroundings. The corporate continues to advance feasibility for its 12,000 tonne per 12 months enlargement.
Based on Argosy, the mission at the moment holds a JORC complete mineral useful resource estimate of 686,875 tonnes of lithium carbonate.
On June 27, the corporate introduced a lithium carbonate spot gross sales contract with a Hong Kong-based chemical firm for 60 tonnes of 99.5 % lithium carbonate.
Shares of Argosy surged 79 % on July 3 to AU$0.034, a transfer the corporate attributed partially to the gross sales contract information in addition to to growing constructive sentiment within the sector.
On July 11, Argosy introduced that detailed engineering and feasibility works to develop a 7 kilometre electrical transmission line in a position to provide as much as 40 megawatts of vitality to Rincon are underway.
Shares of Argosy reached a year-to-date excessive of AU$0.035 on July 24.
FAQs for investing in lithium
What’s lithium?
Lithium is the lightest metallic on the periodic desk, and it’s utilized in all kinds of purposes, together with lithium-ion batteries, prescription drugs and industrial purposes like glass and metal.
How do lithium-ion batteries work?
Rechargeable lithium-ion batteries work by utilizing the stream of lithium ions within the battery’s cell to energy a tool.
A lithium-ion battery has a number of cells, relying on the quantity of vitality storage it’s able to, and every cell has a constructive electrode and detrimental electrode with an electrolyte separating them. When the battery is in use, lithium ions stream from the detrimental electrode to the constructive electrode, working out of energy as soon as all have transferred. When the battery is charging, ions stream the other method.
The place is lithium mined?
Lithium is mined from two sorts of deposits, onerous rock and evaporated brines. Many of the world’s lithium manufacturing comes out of Australia, which hosts the Greenbushes hard-rock lithium mine. The following-largest producing nation is Chile, which like Argentina and Bolivia is situated in South America’s Lithium Triangle.
Lithium on this famed space comes from evaporated brines, together with the Salar de Atacama. Lithium will also be present in sedimentary deposits, however at the moment none are producing.
Who’s Australia’s largest lithium producer?
Australia’s largest lithium producer is Albemarle (NYSE:ALB), which has pursuits in each the Greenbushes and Wodgina hard-rock lithium mines. Greenbushes is the world’s largest lithium mine, and Albemarle holds a 49 % curiosity within the mine by the Talison Lithium three way partnership.
Albermarle additionally has 50 % possession within the Wodgina mine alongside operator Mineral Sources, and wholly owns the Kemerton lithium hydroxide manufacturing facility.
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Securities Disclosure: I, Georgia Williams, at the moment maintain no direct funding curiosity in any firm talked about on this article.
Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Jindalee Lithium is a consumer of the Investing Information Community. This text is just not paid-for content material.
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