Top Lithium Stocks

Lithium

by Fred Fuld III

Yesterday, Piedmont Lithium (PLL) spiked 236% on the news that the company made an agreement with Tesla (TSLA) to supply lithium for batteries.

News of the deal caused other lithium mining stocks to escalate yesterday, such as Lithium Americas (LAC) up 27.5%, Sociedad Quimica y Minera (SQM) up 4% and Livent (LTHM) up 5.8%.

Lithium is one of the critical components of batteries used in electric vehicles, which has created a huge demand for this element. It is the lightest metal and the lightest solid element. Interestingly, it is also used for psychiatric medication.

The following stocks are involved in the production of lithium.

COMPANY SYMBOL MKT CAP in millions
Albemarle ALB 9,198
Sociedad Quimica y Minera SQM 8,199
Livent LTHM 1,295
Lithium Americas LAC 945
Orocobre OROCF 571
Pilbara PILBF 498
Galaxy Resources GALXF 322
Piedmont Lithium PLL 314
American Lithium LIACF 70
American Battery Metals ABML 52
Power Metals PWRMF 28

One of these stocks might give your portfolio a charge.

Disclosure: Author didn’t own any of the above at the time the article was written.