These Lithium Stocks Are Pulling Ahead
There are plenty of lithium stocks that have been trending in the market throughout 2021. In the last few years, these lithium related assets have been increasing their market share drastically. Lithium ion batteries are used in electric vehicles which is the biggest automotive trend at the moment. So often when electric vehicle stocks increase in price, so do lithium stocks with them. This has opened investors eyes to a new type of mining stock that may have not even been considered a year ago. Lithium is also used in a variety of electronic devices. Electronics become more and more a part of our daily lives whether we like it or not. It seems like lithium ion batteries are often the most popular for use in these electronics. Electric vehicles are currently proving to be the future of the automobile.
So as the world transitions in to this world of electric vehicles, it will be interesting to see the impact along with it. One threat for lithium is other types of battery technologies. If a better and more cost effective battery is created, it could make lithium more obsolete. But still, the material is actively being used to produce millions of electric vehicles as time goes on. Investors who normally just look at silver and gold type of mining stocks could potentially be missing out on the fastest growing mining stock sector. At the moment, there are plenty of great lithium stocks to watch. Some have reached new record highs in the last few months or the last year. Let’s have a look at four of these lithium stocks that show positive performance in the market recently.
Top Lithium Stocks To Watch
- Piedmont Lithium Limited (NASDAQ: PLL)
- Livent Corporation (NYSE: LTHM)
- Albemarle Corporation (NYSE: ALB)
- Lithium Americas Corp. (NYSE: LAC)
Piedmont Lithium Limited
First up on this list is Piedmont Lithium Limited. Piedmont is an exploration focused lithium company. It will explore and develop various resource projects all over the United States. Piedmont has 100% interest in the Piedmont lithium project located in North Carolina. It also owns another property in Kings Mountain, North Carolina. Piedmont has experienced a lot of positive recent momentum, so let’s see how it is performing in March 2021 so far.
The company’s latest significant report was its quarterly released on January 29th, 2021. It announced the commencement of a definitive feasibility study for its planned spodumene concentrate operation in North Carolina due in mid-2021. A variety of other announcements were also made from Piedmont Lithium. The President and Chief Executive Officer Keith D. Phillips had this to say. “Following our highly successful equity offering in October, Piedmont enters 2021 with a strong balance sheet that will enable the Company to meet its development objectives for the coming year.” That is the latest that has come from Piedmont Lithium Limited.
The next lithium stock to watch is Livent Cortporation. Livent is a manufacturing and selling company for lithium ion batteries. The mining corporation also deals in specialty polymer and chemical synthesis applications. It actively operates out of North America, Latin America, Europe, and more. It offers lithium compounds to be used for a variety of purposes as well. This is another high performing lithium company that has seen a lot of momentum in the last year. So let’s check out the latest from Livent as of March 2021.
[Read More] Top Mining Stocks To Watch In March 2021
Livent released its fourth quarter and full year 2020 results on February 18th, 2021 to the delight of many invstors. Livent’s fourth quarter revenue was 13% higher year over year at $82.2 million in total. Its full year revenue was reported at $288.2 million. The company announced on the same day a multi year supply agreement with BMW Group. Livent will deliver lithium hydroxide and carbonate to the company. Paul Graves, President and CEO of Livent noted, “This key partnership with the BMW Group will help secure long-term lithium supply for its electric vehicle fleet.” It will be interesting to see the affects this partnership has on the company.
Now let’s talk about Albemarle Corporation. Albemarle is a development, manufacturing, and marketing based lithium company. Its three primary sections of operation are lithium, bromine, and catalysts. It offers a variety of things, most notably its lithium batteries for consumer electronics and electric vehicles. Yet again, this is another lithium stock that has performed very well in 2021. So let’s have a look at its current performance and latest updates in the market.
On March 4th, the company announced that it will rpesent at Goldman Sachs Chemical Intensity Days on Tuesday, March 9th. On March 1st, the company announced commencement of cash tender offers and redemption of notes as well. The first tender offer is for up to $100 million. The second tender offer is for up to 100 million Euros aggregate principal amount. ALB stock price is at $139 a share on average as of March 5th, 2021.
Lithium Americas Corp.
The final lithium stock to watch is Lithium Americas Corp. Lithium Americas is a lithium company with a focus on resources. It will primarily explore for lithium deposits at its various locations. It has interest in the Cauchari-Olaroz project in Argentina, and the Thacker Pass lithium project in Nevada. Let’s check out Lithium America’s recent performance in the market and company updates.
On March 2nd, Lithium Americas released its highly anticipated fourth quarter and full year results. It announced that it has continued construction at its Cauchari-Olaroz project with COVID health and safety protocols in place. The company seems to be making good progress at all of its properties at the moment. It currently expects first production to be in 2022. Lithium Americas total assets increased due to it raising $100 million from the ATM Program, but offset by the decrease of a transatction with Ganfeng Lithium. LAC stock price is at $14.68 a share on average as of March 5th.
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