The best lithium stocks are beginning to distinguish themselves. They have been gaining more and more attention as a result the rapid growth of green energy sources.
As interest in electric vehicle development is skyrocketing, the best lithium stocks have become more lucrative than ever. According to Grand View Research, the lithium market has tremendous growth potential and is likely to grow at a compound annual rate of 12% between 2022 and 2030.
This makes investing in the best lithium stocks an opportunity that savvy investors need to take notice of. It’s no surprise that producers are scurrying to identify viable resources to meet these enormous production needs.
Lithium is an essential component not just in battery technologies but also in other environmentally-friendly products such as electric vehicles. With its utility across multiple industries, demand for lithium has surged, and companies worldwide are working hard to ensure ample supplies.
Therefore the best lithium stocks are expected to soar to new heights.
| SGML | Sigma Lithium | $27.01 |
| ALB | Albemarle | $224.26 |
| LTHM | Livent | $20.67 |
| LAC | Lithium Americas | $19.17 |
| LIT | Global X Lithium & Battery Tech ETF | $61.55 |
| SLI | Standard Lithium | $3.31 |
| GNENF | Ganfeng Lithium Group | $7.83 |
Sigma Lithium (SGML)
Sigma Lithium (NASDAQ:SGML) is positioning itself as one of the best lithium stocks on the market.
It remains one of the leading lithium stock picks, with its investment in Groat do Cirilo mine, which is one of the world’s highest-grade hard rock lithium spodumene deposits. With such a strategic asset, Sigma Lithium has made it clear that achieving first-class lithium production levels is well within reach.
Sigma Lithium looks forward to a very successful future, and its expectations are in the right place. By April, they expect to have a finished product ready for shipping. They hope to produce 100,000 tonnes of lithium carbonate equivalent (LCE) by 2024, putting them in a significantly advantageous position.
Their estimated mineral resources amount to 984,000 tonnes of LCE, indicating that their mining operations will be long-term and effective. With this long-term focus and goal, Sigma Lithium seems in a pole position for long-term success.
Albemarle (ALB)
Albemarle (NYSE:ALB) is certainly a great betting opportunity for investors looking to capitalize on the lithium-based EV revolution.
With its already high proportion of lithium revenues and soaring prices, this company looks set to be riding the wave of success going into 2023.
Now is likely to be one of the most opportune times for investment in this particular sector, so be sure to take a closer look at ALB. ALB is truly leading the way in the lithium sales field, producing remarkable results in recent quarters. Its sales and EBITDA have grown by over triple-digit margins
Livent (LTHM)
Livent (NYSE:LTHM) closed out 2021 with $420 million in revenues, and the expectation is that Livent’s compounded annual growth rate of 30% over the next 18 months.
This healthy revenue outlook has analysts predicting a substantial price appreciation for Livent’s stock within the period, making it an ideal stock for investors looking for short-term gains as well as long-term returns.
Livent Corporation is taking great strides towards an ambitious goal. To increase their production capacity, it’s expanding in not one, but several key areas; Argentina, China, and Quebec all have big plans for the coming years.
With this, Livent anticipates achieving a robust 15,000 tonnes of production from its Chinese operations by late 2023 and a 30-year mine life from its flagship mine in Quebec by 2026.
Lithium Americas (LAC)
Analysts are extremely bullish on Lithium Americas (NYSE:LAC) and are supported by the company’s Thacker Pass mine in Nevada, solidifying its status as one of the world’s top lithium producers.
The company is the second-largest lithium mine based on its proven and probable reserves, showcasing a bright future for Lithium Americas. With lithium pricing steadily rising, it’s no wonder why investors are so excited about LAC stock, which provides significant leverage to a burgeoning market that shows no signs of slowing down any time soon.
Lithium Americas is quickly taking advantage of the exciting U.S. lithium opportunity, focusing on the Thacker Pass site in particular. It has already produced battery-grade product samples and shows incredible potential for the future U.S. lithium supply chain.
The mine boasts an impressive 179.4 megatonnes of LCE and is on the cusp of production with roughly 50 years of useful life. Meanwhile, its operations in Argentina are also anticipated to make a massive impact, producing 40,000 tonnes of LCE from 2022 onwards. The firm is making sure that they are ready to capitalize on the current boom in demand for lithium products, and it looks like a very positive move for them overall.
Global X Lithium & Battery Tech ETF (LIT)
Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) is the perfect option for investors looking to invest in the growing lithium trend but wanting to avoid taking on too much company-specific risk.
This nifty fund provides exposure to the whole lifecycle of lithium, from mining and refining to battery production – meaning that investors can benefit from a well-balanced mix of companies involved in the sector sans dramatic risk levels.
Whether you’re keen to dip your toe or dive headfirst into this market, this ETF is worth considering. Despite the current downturn in LIT stock, the company seems to be reliably positioning itself for potential recovery.
It has invested across the entire spectrum of lithium and battery tech companies, from industry leaders such as Albemarle, Samsung, and Panasonic. These projects will help the company’s portfolio to become well-rounded, allowing for an impressive range of production, manufacturing, and distribution possibilities.
Standard Lithium (SLI)
Standard Lithium (NYSEMKT:SLI) stock is an interesting potential opportunity for long-term investors with a high-risk/high-reward approach.
The company was recently awarded design and feasibility projects to develop its first commercial lithium plant, which won’t be online until early 2023. SLI has other long-term initiatives too, so those who hold its shares now could stand to benefit in the future.
SLI’s novel method of lithium extraction has the potential to revolutionize the industry, making an otherwise painstaking process take a fraction of the time.
This ground-breaking approach could give them a real edge over the competition, allowing them to supply their customers with a high-quality product in no time.
Investors might take solace in knowing that SLI plans to protect its breakthrough technology with patents. If their projects pay off, back that up with an impressive portfolio, and the public could be assured of a steady stream of income for many years to come.
Ganfeng Lithium Group (GNENF)
Ganfeng Lithium Group (OTCMKTS:GNENF) is truly a powerhouse in the industry and has already established itself as a major player in the production of lithium metal.
What makes this company stand out is its relatively recent emergence on the trading scene. Even with the comparatively limited amount of time they have been directly exposed to investors, they have experienced remarkable growth and secured their place at the top of the lithium market in China.
Going forward, its foothold in that market will become stronger as electrified vehicles become increasingly popular. GNENF stock could be ideal for those looking to capitalize on these developments.
It reported a remarkable increase in its supply capacity, exceeding 100,000 tonnes, and expects to produce 600,000 tonnes by 2030. Such promising results have brought investors and those in the global market looking for a lithium upsurge.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines