Lithium stocks have become increasingly popular over the years as the electric vehicle (EV) trend has really taken off with the likes of Tesla. Lithium plays a central role in the production of these EVs at the heart of the vehicle, the battery. While EVs gain in market share, the demand for lithium is sure to rise accordingly, as production is somewhat limited in a constrained supply-and-demand model.
With the broad markets pulling back over the course of January, investors easily could find an opportunity for entry, especially considering the S&P 500 saw the worst trading month since March 2020. As it stands, that’s what one analyst sees now, an opportunity for entry for a highly lucrative industry.
BofA Securities took a look at two of the major names within the lithium production industry.
The post Why BofA Is Upping the Ante on 2 Top Lithium Producers originally appeared at 24/7 Wall St.