Electric vehicles and battery storage lead the charge in this full-swing electric revolution. Demand for lithium, a component of lithium-ion batteries, is exploding as a result. Global lithium production is predicted to grow by over 50% to 1.17 million tons this year alone. However, lithium mining and processing still lag far behind projected demand, and more and more automakers plan to invest in EVs over the next few years. This disconnect between lithium supply and battery demand presents a massive investment opportunity for investors looking for lithium stocks.
This article highlights three of the most promising lithium stocks that allow investors to capitalize on this surging market. Though risks exist, the long-term growth runway for these lithium players appears solid. Let’s examine why these stocks might energize portfolios in the years ahead.
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