Learn why you should consider Canadian lithium stocks over Chinese lithium stocks. Sigma Lithium is pursuing environmentally sustainable lithium production, intending to reach net-zero emissions by 2024. And SQM stock has been a very good investment so far this year. Lithium stocks should be on your radar for one of your next big investments. However, youd be relieved to know that lithium stock prices vary so that anyone can take advantage of the possible lithium stock boom. Currently a penny stock, $LTMCF has some serious potential t. Lithium Americas is a highly speculative play in the industry, as it currently lacks earnings, revenues or even much lithium production. Theres much less demand right now, but thats not due to the lack of need but rather due to the excessive number of suppliers in the market. The demand for batteries is the main factor set to increase, unlike lithium itself, which can be used for several different applications. Earnings per share (EPS) in 2021 tripled from 2020 to $2.05 per diluted share. The Top 5 Lithium Stocks That Could Explode If you're looking to invest directly in lithium producers, here are your best options: Lithium Americas Corporation (LAC) - NYSE Livent Corporation (LTHM) - NYSE Sociedad Quimica y Minera (SQM) - NYSE Albemarle Corporation (ALB) - NYSE Piedmont Lithium (PLL) - NASDAQ It is in high demand from electric . With Teslas popularity rising, the demand for their vehicles grows more and more, requiring a lot more lithium just to keep up. To qualify for the subsidies, an EVs batteries must use raw materials from North America or a country with which the U.S. has a trade agreement. And so far, research and testing have provided favorable results, including successfully producing battery-quality lithium hydroxide monohydrate using Frontiers solution. As such, investors wanting exposure to the lithium market need to consider taking a position in ALB stock. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In the last 12-months, Albemarles share price has gained 25% in a very volatile market. Lithium Americas is also expected to bring online two new lithium projects in Argentina by 2024, developments that should further boost the companys operations and share price. Its certainly an option worth considering, and that demand is only going to increase. There is a very limited roster of companies active in mining, processing, and refining lithium.
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