Lithium stocks are picking up traction this year
At the moment, lithium stocks are going up in value and electric vehicles are a large contributing factor. At the moment, most electric vehicles are using lithium ion batteries in their cars. This means that as the demand for lithium has increased with the popularity of electric vehicles over time. There are many lithium stocks that have risen to popularity as a result of the electric vehicle growth. Some analysts have predicted that all cars on the road will be electric vehicles in the next few decades.
Companies like Audi have vowed to have their entire vehicle lineup be electric by 2025 or other dates. This could continue to increase the demand for lithium as time goes on. As years go on, it seems like more and more of the material is needed for electronics and EVs. In the last year, many lithium stocks have been able to massively uptick. Some lithium stocks have even gone up as much as three times their stock price one year ago.
Lithium stocks are still in a volatile position despite all of the positives going for them. If a better battery technology is created as mentioned before, it could hurt lithium stocks. Right now, lithium stocks are not at an all-time high. But if you look at charts year over year then you will see the exponential growth that this sector has experienced. While many turn to traditional mining stocks like gold and silver, lithium has a lot to offer. So let’s look at three lithium stocks that could make your watchlist in July.
Top Lithium Stocks To Watch
- American Battery Metals Corporation (OTC: ABML)
- Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM)
- Livent Corporation (NYSE: LTHM)
American Battery Metals Corporation (OTC: ABML)
American Battery Metals Corporation is a lithium stock that actively explores, mines, extracts, and recycles battery materials. This corporation owns around 1,300 lithium mining claims in more than 30,000 acres of land at all of its properties. Most of the company’s assets are located in Nevada.
On July 8th the company provided a Pilot Plant update. The CEO of the company Doug Cole, “Progress continues on our Lithium-Ion Battery Recycling Pilot Plant with the approval of our mass grading permit. The final step prior to site construction work is the submission and approval of the core/shell building permit. We believe we will be prepared to submit the core/shell building permit next week.” ABML stock price has gone up significantly in recent times. Will you add ABML stock to your watchlist this week?
Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM)
Sociedad Quimica y Minera de Chile S.A. is a lithium stock and producer and distributor of lithium, plant nutrients, iodine, potassium chloride, and sulfate. It also offers industrial chemicals and more. Sociedad Química y Minera de Chile offers products under brands such as Ultrasol, Qrop, Speedfol, and Allganic. Many of its products are used for different types of films, batteries, etc.
On July 6th, 2020 the company’s stock price was at $27 per share on average. On July 8th, 2021 the company’s stock price is at $45 per share on average. This one-year growth has been very good for Sociedad Quimica y Minera de Chile S.A. This has attracted a lot of investors to the company that would not have otherwise noticed its progress.
There have been many lithium stock gainers and SQM is one of them. This company has not released any recent news though. It is likely that Sociedad Quimica y Minera de Chile S.A. stock price is being driven by the price of lithium itself. Will you add SQM to your watchlist?
Livent Corporation (NYSE: LTHM)
Livent Corporation is a lithium stock that manufactures and sells lithium compounds used in batteries. It also sells specialty polymers and chemical synthesis applications. It offers lithium compounds to be used in battery-grade lithium hydroxide to use in batteries. The company’s operations take place in North America, Latin America, Europe, Africa, and much more.
On June 30th, Livent published its 2020 sustainability report. CEO and President Paul Graves said, “Despite the difficulties of the global pandemic, we made significant strides to advance our sustainability strategy and program, including setting bold new goals and improving our ESG performance and reporting in key areas. Our ongoing efforts are underpinned by the belief that the responsibility to operate in a safe, ethical, socially conscious and sustainable manner is a fundamental obligation of our right to operate – and essential for the viability of our business.”
LTHM stock has significantly gone up in the last year, but most of this momentum was in 2020. As for 2021, it is unsure what is going to happen to this lithium stock. Right now LTHM stock is being driven by lithium prices and company announcements. So will this company enter your watchlist?
Lithium Stock Market
Some may think that the hype is over for lithium stocks. Sure, some lithium stocks are not at their all-time high right now. But many lithium stocks often make multiple percentage gains (or losses) in a single trading day. These assets can be attractive to short-term investors for this reason. So which lithium stocks will make your watchlist in July 2021?
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