A year ago, the spot price of a metric ton (tonne) of battery-grade lithium was around $13,300. Today, that same tonne is selling for around $68,800. Nearly 75% of global lithium production makes its way into batteries for electric vehicles, electricity storage, portable power tools and dozens of other products.
Three of the world’s five largest lithium mining companies trade on U.S. exchanges. Two of the three have already announced March-quarter results, and the third should be reporting earnings by the end of this month.
Which one appears to offer the best opportunity for investors? Or will it be one of the other four U.S.-traded lithium miners we have included? The answers may depend on an investor’s risk appetite.
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