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Take Advantage of Skyrocketing Lithium Prices by Buying These 3 Stocks -Breaking

by Mike Robinson

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© Reuters. You can take advantage of the skyrocketing prices for lithium by buying these 3 stocks

As countries seek cleaner energy, lithium has been gaining popularity as a crucial component in electric vehicle (EV), batteries. The rising demand is due to EV companies investing in increasing production. Lithium prices have soared in recent years. We think that fundamentally sound lithium stocks exist Albemarle Corp (NYSE : Livent Corp Lithium Americas and the NYSE: could both be good investments now, to benefit from rising prices. Let’s talk about lithium. It is becoming more popular due to zero emission initiatives around the world and the increasing demand for electric vehicles (EV). The key component in electric vehicle (EV-) battery batteries is lithium. The U.S. is narrowing the gap with China, which dominates the $46 billion lithium-ion battery industry, supported by President Biden’s emphasis on EV growth and significant investments by its automotive industry giants. AlixPartners, a consulting firm, expects that companies will invest $330 Billion globally in the electric vehicle supply chain within the next five year.

The increased demand is driving the rise in lithium prices. Over the last year, more than twice as many people have purchased lithium carbonate or hydroxide from Mineral Intelligence. In addition, the Global X Lithium & Battery Tech ETF (LIT) has gained 108.1% over the past year compared to the 32.4% gains of the broader SPDR S&P 500 ETF Trust (SPY) over the same period.

To take advantage of rising prices, it might be a smart investment to make in lithium stocks Albemarle Corporation(ALB), Livent Corporation [LTHM], and Lithium Americas Corp.

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