Will these lithium stocks go up in the market this month?
Lithium stocks are a huge market, and there are many options for investing. This sector is heavily impacted by a few key things. Obviously, the pandemic and the world have a big effect on lithium stocks, but let’s get into the specifics. Electric vehicles are the main reason that lithium stocks move up or down in the market right now. EVs grow in popularity every single year that goes by. This material is used to make lithium-ion batteries, which are key in electric vehicles of all types.
This means that as EVs continue to grow in popularity, so will lithium. Sure a battery technology could be found that is more efficient, but this is not realistic in the near future. All of the giant EV corporations such as Tesla and NIO use lithium-ion battery technology because of their longevity and usability. When EV stocks aren’t performing well in the market, this often reflects on lithium stocks.
So how do you know which lithium stocks are the best to watch? For starters, look for companies that have big contracts with large EV manufacturers. If a company has a lot in its pipeline, there are more things to rely on in terms of positive performance. Looking at the latest company-specific news is the best way to see what it is up to at the moment. The lithium mining sector is also important to look at for things like shortages and surplus. With all of this in mind, let’s look at three lithium stocks that have market potential.
Top Lithium Stocks To Watch
- Lithium Americas Corp. (NYSE: LAC)
- American Battery Metals Corporation (OTC: ABML)
- Livent Corporation (NYSE: LTHM)
Lithium Americas Corp. (NYSE: LAC)
Lithium Americas Corp. is a resource company that explores at various lithium deposits. The company holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. Lithium Americas experienced a large amount of positive momentum in the last year as the EV and tech markets have grown.
Back in August, the company reported its second-quarter results for 2021. Lithium Americas total assets and cash increased due to $377.4 million net proceeds raised from the underwritten public offering of common stock. The company’s expenses rose and its net loss increased during this period as well. This higher net loss is because of higher Thacker Pass expenditures and a $4.7 million loss on the JEMSE transaction. Keeping this in mind, will LAC make your list of lithium stocks to watch?
American Battery Metals Corporation (OTC: ABML)
American Battery Metals Corporation is a lithium stock we have mentioned on goldstocks.com before. This is a company that explores for, mines, extracts, and recycles battery materials. American Battery Metals offers lithium-ion battery recycling, battery metal extraction technologies, and primary resources development. The metals it produces are used for batteries that power electric vehicles, grid storage applications, and electronics.
Just a few days ago, the company announced the expansion of its primary battery metal extraction development. The company’s development now includes nickel and cobalt resources in addition to lithium. This was accomplished via a collaborative agreement with Global Energy Metals Corporation.
CEO and CTO Ryan Melsert said, “Our partnership between American Battery Technology Company and Global Energy Metals Corporation represents a complementary and actionable effort towards establishing a North American supply of critical and strategic materials that will fuel the global transition towards an electrified and domestic closed-loop circular economy.” This company is currently in the process of changing its name to American Battery Technology Company. Is ABML going to make your lithium stock watchlist?
Livent Corporation (NYSE: LTHM)
Livent Corporation is a manufacturing and selling company for lithium ion batteries. It also deals in specialty polymer and chemical synthesis applications. Livent Corporation offers lithium compounds that are used by various companies. 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 Corporation.
In August, the company released its second-quarter 2021 results. The company experienced a higher volume than normal. It also completed a $262 million equity issuance to fund its capacity expansion during the second quarter. Livent has now raised its full-year guidance for 2021. Its revenue went up 11% from the first quarter of 2021, and 57% year over year. Its adjusted EBITDA rose 44% higher since the start of the year and 150% higher since the same period last year.
President and CEO Paul Graves said, “We were pleased to complete the equity issuance and are focused on executing on our capacity expansion projects, which are progressing on schedule.” In 2021, LTHM stock has been going up in the market. The company has experienced a lot of spikes and dips throughout the year. With this in mind, will LTHM enter your lithium stock watchlist in September?
Top Lithium Stocks Right Now?
Deciding which lithium stocks to buy can be a difficult process sometimes. That is why making sure you know what is going on in the market is key in the process. If you are up to date on sector news and company news for the lithium stocks you are looking at, it can make the process a lot easier. No matter which lithium stocks you buy, there are a lot of great options in the market. So which lithium stocks will be on your list this month?
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