Will these lithium stocks rise in value this month?
Lithium stocks are still in a volatile position despite all of the positives going for them. If better battery technology is created, it could hurt the lithium industry. Right now, lithium stocks are not in a record-breaking position. 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.
At the moment, most electric vehicles are using lithium-ion batteries in their cars. This means that 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. Companies like VW and Audi have vowed to have many electric vehicles in the near future.
Currently, the market has a lot of inflation fears amid all of the financial aid provided by the government. Nobody knows for sure how this may impact mining stocks such as those that process lithium. With all of this in mind, let’s take a look at three lithium stocks that have potential in the market.
Top Lithium Stocks To Watch
- American Battery Metals Corporation (OTC: ABML)
- Livent Corporation (NYSE: LTHM)
- Albemarle Corporation (NYSE: ALB)
American Battery Metals Corporation (OTC: ABML)
American Battery Metals Corporation is a lithium stock that is near its average volume right now. The market focus has been on battery technology in electric vehicles due to their popularity. These EVs rely on batteries for their power. So companies that mine for battery metals such as lithium are seeing a lot of high market performance. American Battery Metals Corporation, as implied in its name, explores for mines, extracts, and recycles battery metals. It currently owns 647 mines on 13,000 or more acres of land.
On August 12th, American Battery Metals Corporation was satisfied by the U.S. Senate for passing a bipartisan infrastructure investment and jobs act. CEO Doug Cole said, “This legislation directly supports federal investments in battery recycling technologies to help build out the domestic supply chain of these critical materials.”
If the legislation passes the House of Representatives, the company is going to support its energy transition to vehicle electrification. One year ago, ABML was worth about $0.09 per share on average. Now the company’s stock price is at $1.48 per share on August 16th. Will this company enter your lithium stock watchlist?
Livent Corporation (NYSE: LTHM)
Livent Corporation manufactures and sells lithium batteries for usage in a variety of sectors. This mining company also markets polymer and chemical synthesis applications. The operations for the company are accomplished in North America, Latin America, Europe, Middle East, Africa, and the Asia Pacific.
On August 5th, the company reported its second quarter results for 2021. CEO and President Paul Graves said, “Increasing production capacity and building upon our low cost and sustainable operations will strengthen our commercial footprint and enhance our position as a partner of choice to leading auto OEMs and battery producers.” Keeping this in mind, will LTHM make your watchlist this month?
Albemarle Corporation (NYSE: ALB)
Ablemarle is a corporation that develops, manufactures, and markets engineered specialty chemicals. It operated in three different segments, being Lithium, Bromine Specialties, and Catalysts. Its Lithium segment sells lithium compounds like lithium carbonate, lithium, hydroxide, and more. These products are used EV batteries and a variety of other electronics.
On August 4th, the company reported its second-quarter results for 2021. Its adjusted diluted EPS of $0.89 was up 4% in the quarter. Its net sales increased 1% to $773.9 million during the quarter as well. Livent’s adjusted EBITDA grew by 5% in the second quarter of 2021.
CEO Kent Masters said, “We are focused on executing our accelerated growth strategy. We are in the final stages of two lithium projects which are expected to double our nameplate capacity to about 175,000 metric tons, including La Negra III/IV where construction is complete and commissioning is progressing.” Now that you know this new information, will you add LTHM to your list of lithium stocks to watch?
Top Lithium Stocks To Buy?
There are many great lithium stock options in 2021. It can be hard to decide which lithium stocks are the best to invest in. Looking at sector news, company news, and world news can all help when investing in mining stocks like these. For now, which lithium stocks will make your watchlist in 2021?
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