Lithium Companys in ASX

Introduce the top 10 largest market-cap lithium company in the Australian stock market (as of 7 August 2023). Highlight market-cap YTD, dividend, and basic company information.

What is Lithium?

Lithium (Li) is a useful material with good electrical and heat conductivity. It has a history of being utilized to create heat-resistant glass and ceramics, as well as flux additives for iron, steel, and aluminum production. Recently, there has been an increased demand for lithium due to its importance in producing lithium and lithium-ion batteries for electric vehicles. Lithium can be sourced from either brine or ores, and the largest known deposits are found in Argentina, Australia, Chile, and China.

Lithium Stock in ASX

ASX Lithium Stock refers to lithium mining and exploration companies that are publicly traded on the Australian Securities Exchange (ASX). These companies specialize in the extraction and production of lithium, a valuable material used in the manufacturing of batteries for electric vehicles and other applications. The ASX Lithium Stock market includes both large and small-cap companies that focus on lithium mining or lithium exploration assets in Australia or internationally.

1. RIO Tinto Ltd (ASX:RIO)

Market Cap: A$184.38 Billion

Stock price: A$113.94

YTD: +16.58%

Dividend Yield TTM: 6.35%

Payout ratio*: 91.53%

5 Year Average Dividend Yield*: 6.54%

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, a 34%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

2. Pilbara Minerals Ltd (ASX:PLS)

Market Cap: A$15.53 Billion

Stock price: A$5.18

YTD: +80.49%

Dividend Yield TTM: N/A

Payout ratio*: N/A

5 Year Average Dividend Yield*: N/A

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and mining of resources. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.

3. Mineral Resources Ltd (ASX: MIN)

Market Cap: A$13.5 Billion

Stock price: A$69.42

YTD: +20.42%

Dividend Yield TTM: 1.44%

Payout ratio*: 26.28%

5 Year Average Dividend Yield*: 3.5%

Mineral Resources was listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.

4. Allkem Ltd (ASX:AKE)

Market Cap: A$9.37 Billion

Stock price: A$14.70

YTD: +24.68%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, Olaroz, Mt Cattlin, James Bay, and Sal De Vida projects. The majority of the company's revenue is derived from the Mt Cattlin segment. Its products are classified into minerals, refined products, and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection, and a variety of specialty applications. The Group operates primarily in Argentina and Australia.

5. Liontown Resources Ltd (ASX: LTR)

Market Cap: A$6.03 Billion

Stock price: A$2.74

YTD: +82.06%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Liontown Resources Ltd is a mineral exploration and development company. The company's Lithium project includes the Kathleen Valley Project, the Buldania Project in Western Australia, the Toolebuc Vanadium Project located in Central Northern Queensland, and the Moora Gold-PGE-Ni-Cu Project.

6. De Grey Mining Ltd (ASX: DEG)

Market Cap: A$2.14 Billion

Stock price: A$1.37

YTD: +42.71%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

De Grey Mining Ltd is a Western Australian-based mining company that centers on the exploration of base and precious metals. The company's primary focus lies in the Pilbara region on the Mallina Gold Project, which is prospective for gold mineralization. Geographically, it only operates in Australasia.

7. Sayona Mining Ltd (ASX:SYA)

Market Cap: A$1.54 Billion

Stock price: A$0.150

YTD: -28.57%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition, and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in the East Kimberley Graphite Project and the West Australian Lithium Project.

8. Leo Lithium Ltd (ASX: LLL)

Market Cap: A$1.13 Billion

Stock price: A$1.14

YTD: +153.33%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Leo Lithium Ltd is focused on the development of the Goulamina Lithium Project. The company operates in two segments; The Corporate operation includes the Perth Head Office and Project Team, and The Mali operation includes the development of the Goulamina JV and exploration for minerals.

9. Core Lithium Ltd (ASX: CXO)

Market Cap: A$1.12 Billion

Stock price: A$0.605

YTD: -52.92%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, and copper deposits in the Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects. Its segment includes Finniss Lithium Project mining, crushing and processing operations, and Exploration: exploration and evaluation of primarily Lithium mineralization.

10. Latin Resources Ltd (ASX: LRS)

Market Cap: A$1.04 Billion

Stock price: A$0.395

YTD: +426.67%

Dividend Yield TTM: 0.00%

Payout ratio*: 0.00%

5 Year Average Dividend Yield*: N/A

Latin Resources Ltd is a mineral exploration company focused on creating shareholder wealth through the identification and definition of mineral resources in Latin America and Australia. It operates through the following geographical segments: Australia, Peru, Argentina, and Brazil. The projects of the company are the Catamarca Lithium Project, Salinas Lithium Project, Cloud Nine Project, and MT-O3 Copper Project.

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Note:

1. *Information collected from YahooFinancial, as of 7 August 2023

2. The above information is based on public market data as of 7 August 2023. It is not financial advice, recommendation, or solicitation for the purchase or sale of financial products.