As July continues forward, which lithium stocks do investors have their eyes on?
Lithium stocks are a sector that we mention a lot on this site. Compared to gold stocks and silver stocks, lithium often can feel less popular. Little do many investors realize, lithium is one of the fastest growing materials at the moment. Recently we have discussed copper stocks a lot on goldstocks.com, and lithium stocks are performing well for a similar reason.
Now you might be wondering, what is that reason? Well, lithium stocks are going up in value because of electric vehicles. The EV market has been growing strong year after year, with millions of them already on public roads. Most production electric vehicles use lithium-ion batteries within the powertrain. So as the demand grows for EVs, the demand for lithium grows as well.
Lithium is used in more than just electric vehicles. There is a large variety of products that use lithium-ion battery technology. This has made lithium one of the most in demand materials in the world right now. Back in January, President Joe Biden announced a commitment to replace the federal government’s 650,000 vehicles with EVs. Biden also stated that the U.S. government intends on achieving net-zero emissions by 2050. This will just help the lithium market grow even more, possibly causing its price to increase over time. As the price of lithium grows with its demand, there are many lithium stocks to watch. These can be lithium mining companies or battery corporations. Let’s take a look at three lithium stocks that are performing well in mid-July.
Top Lithium Stocks To Watch
- Lithium Americas Corp. (NYSE: LAC)
- Piedmont Lithium Inc. (NASDAQ: PLL)
- Energizer Holdings Inc. (NYSE: ENR)
Lithium Americas Corp. (NYSE: LAC)
Lithium Americas Corp. is a mining stock that explores for mineral deposits. It actively holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. The company’s lithium exploration has been very successful for the company.
On July 12th, Lithium Americas announced an investment in Arena Minerals Inc. The company acquired 42,857,143 subscription receipts of Arena Minerals at C$0.14 per receipt for a total US $4.8 million. This provides Lithium Americas the ability to grow its exploration in Argentina.
The President and CEO of Lithium Americas, Jon Evans said, “We look forward to working with Arena Minerals and Ganfeng to support the pursuit of resource exploration opportunities in Argentina. This investment will allow Lithium Americas to advance our long-term resource development plans while maintaining our team’s focus on execution at Caucharí-Olaroz and the Thacker Pass project.” On July 21st, this lithium stock is up more than 5.7% in the market. Will you add LAC to your list of lithium stocks to watch?
Piedmont Lithium Inc. (NASDAQ: PLL)
Piedmont Lithium Inc. is a lithium stock that explores and develops resource projects in the United States. Currently, it has a 100% interest in the Piedmont Lithium Project that covers more than 2,126 acres in North Carolina. It also possesses a 61 acre property in Kings Mountain, North Carolina for similar exploration purposes.
On July 21st, the company made a presentation to Gaston County commissioners and its community. This presentation reviewed its project scope and commitment to safety, sustainability, and environmental stance. The President and CEO of the company Keith Phillips said, “We were honored to present at last night’s meeting, and we welcomed the opportunity to provide an update on our company, our values, and our proposed project to the Gaston County commissioners and our community. We confirmed last night that we would submit our North Carolina state mining permit application in August 2021 as planned, and we look forward to addressing all of the questions that arise during the permitting and rezoning process.” PLL stock is up 15.43% on the same day of the announcement. Its volume is more than double its average on this day as well. Will PLL make your lithium stock watchlist?
Energizer Holdings Inc. (NYSE: ENR)
Energizer Holdings Inc. is a lithium stock you have certainly heard of before. This company specializes in batteries, lighting, and more. It offers lithium, alkaline, carbon-zinc, nickel, and more type batteries. These are sold under the Energizer and Eveready brands. These batteries are often used in the automotive space, as well as many others. Since it creates lithium batteries, it has been performing well in tandem with the lithium sector itself.
On August 9th, Energizer Holdings intends on releasing its third quarter results before the market opens. Financial and operational results often can affect the stock price of a company. On June 9th, the company announced the pricing of a 650 million euro public offering of 3.5% senior notes due 2029.
The net proceeds from the offering will fund the conditional redemption to redeem the 650 million in full, and related expenses. ENR stock has seen its fair share of ups and downs in the market throughout the last year. On July 21st, the company’s stock price is up about 2%. Will ENR enter your lithium stock watchlist?
Top Lithium Stocks To Buy?
There are many great options when looking for lithium stocks to buy. That is partially what can make the process so difficult. How do you know when to invest in lithium stocks? Well, looking at sector news and company news can be very useful when investing in this sector. Checking out what is going on with electric vehicles can be helpful due to the ties to the lithium sector. So which companies will make your list of lithium stocks to watch in mid-July?
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