ASX Battery Metals Stocks
Lithium, graphite, cobalt, nickel sulphate and vanadium — the cell supply chain, ranked by short interest.
14 constituents · short positions as of · ASIC data, T+4 delay
Median short
0.11%
across 14 constituents
Most shorted
PLS
12.76% of issued capital
Biggest 4-week riser
LTR
+1.97pp in 4 weeks
Above 5% short
3
of 14 constituents
Theme short interest over time
Weekly average · shaded band is the constituent rangeConstituents
| Code | Company | Industry | Short % | Δ 4w | Price | Δ 1m | Days to cover |
|---|---|---|---|---|---|---|---|
| PLS | Pls Group | Materials | 12.76% | +1.6pp | $3.70 | -24.9% | 17.1 |
| VUL | Vulcan Energy Resources | Materials | 7.30% | +0.0pp | $1.525 | -40.4% | 10.1 |
| LTR | Liontown | Materials | 6.46% | +2.0pp | $0.80 | -33.1% | 4.7 |
| IGO | Igo | Materials | 0.97% | +0.2pp | $6.20 | -24.1% | 2.3 |
| NVX | Novonix | Technology Hardware & Equipment | 0.23% | -0.2pp | $0.092 | -3.2% | 0.4 |
| SVM | Sovereign Metals | Materials | 0.16% | -0.0pp | $0.485 | -3.0% | 1.6 |
| TVN | Tivan | Materials | 0.15% | -0.0pp | $0.19 | -7.3% | 2.1 |
| TLG | Talga Group | Materials | 0.06% | -0.0pp | $0.235 | -21.7% | 1.5 |
| RNU | Renascor Resources | Materials | 0.02% | +0.0pp | $0.055 | -3.5% | 0.4 |
| COB | Cobalt Blue Holdings | Materials | 0.01% | +0.0pp | $0.064 | -5.9% | 0.1 |
| ATC | Altech Batteries | Materials | 0.01% | -0.0pp | $0.001 | — | 0.1 |
| CTM | Centaurus Metals | Materials | 0.00% | +0.0pp | $0.42 | -16.8% | 0.0 |
| AVL | Australian Vanadium | Materials | 0.00% | -0.0pp | $0.22 | -6.4% | — |
| EGR | Ecograf | Materials | 0.00% | +0.0pp | $0.24 | -28.4% | 0.0 |
Membership is curated and verified against company metadata — a wrong member is worse than a missing one. Refine further in the screener.
Latest battery metals news
- Liontown (ASX:LTR): Are Analysts Reassessing Expectations Following Its Expansion Decision? - Kalkine
LTR · googlenews · 8 Oct 2026
- NOVONIX Achieves ISO 9001 Quality Management Certification
NVX · asx · 7 Oct 2026
- PLS Group Limited (ASX:PLS): FY26 Record Production and Pilgangoora Growth Plans - Kalkine
PLS · googlenews · 7 Oct 2026
- Will PLS Group (ASX:PLS) Recover its Footing After a Rough September?
PLS · kalkine · 7 Oct 2026
- Which Greenbushes Signals Matter Most for IGO (ASX:IGO) Now?
IGO · kalkine · 7 Oct 2026
- Fortescue vs PLS Group: Which ASX mining share is the better buy?
PLS · motleyfool · 7 Oct 2026
- Is Vulcan Energy's Progress Being Overlooked (ASX:VUL)?
VUL · kalkine · 6 Oct 2026
- Why Is IGO in Focus After Lithium's September Slide (ASX:IGO)?
IGO · kalkine · 6 Oct 2026
About this theme
Battery metals is the wider basket that lithium sits inside: the anode graphite, the cobalt and nickel sulphate in the cathode, the vanadium in grid-scale storage, and the processing companies trying to move up the chain rather than ship concentrate. What links them for a short seller is dependence on a cell chemistry roadmap they do not control. Cathode chemistry has already shifted once toward lower-cobalt and iron-phosphate formulations, stranding projects sized for the previous mix, and synthetic graphite competes directly with natural flake. Most of these companies are also pre-revenue, so each is a funding story: capital cost estimates, offtake conversion and the timing of the next raise. Short interest builds through those financing windows and unwinds on binding offtakes, government support packages and trade measures against incumbent Chinese supply.
Short positions come from official ASIC short position reports (published with a T+4 trading-day delay) joined with daily price and volume data. The chart averages the constituents reporting in each week and shades the range between the least and most shorted of them; a member with no data that week is absent from the average rather than counted as zero.