“7 Lithium Stocks Set to Skyrocket in 2023!

by Safe Retirement Reports

Along with the rest of the stock market, lithium stocks have been going through a bit of a turbulent ride during these trying times. But industry experts are convinced that a rebound is in the horizon.

This is a great time for investors to start getting acquainted with lithium stocks. It’s a mineral needed to power the green revolution, and its demand is expected to soar over the next couple of years.

To help you get started, here are the top 7 lithium stocks of 2023.

1. Albemarle Corporation ( NYSE: ALB ): Albemarle is the worldwide leader in lithium production. The company’s brines operation in Chile gives it an unbeatable advantage for its value-added materials which are used in batteries and energy storage.

2. Ganfeng Lithium ( PK: GFLX ): Ganfeng Lithium is a Chinese producer of lithium products. It’s already found success in the Asia-Pacific region, which is projected to be a key market for lithium in the near future.

3. Livent Corporation ( NYSE: LTHM ): Livent is one of the biggest names in the lithium market. It’s the only US-based integrated lithium producer, with a successful lithium hydroxide manufacturing facility in the United States.

4. Sociedad Química y Minera de Chile ( NYSE: SQM ): SQM is the second-largest lithium producer in the world. It owns a wide variety of lithium mines across the globe, allowing it to keep up with the world’s growing demand.

5. Galaxy Resources ( ASX: GXY ): Galaxy Resources is a relatively new lithium player, having recently emerged from the red after years of underwhelming performance. But its 2020 restructurings put it in a great position for a successful 2023.

6. Lithium Americas ( NYSE: LAC ): This Canadian-headquartered company is a major producer of lithium out of its Cauchari-Olaroz facility in Argentina. It also owns several other lithium projects in Argentina, Chile, and Nevada.

7. Tianqi Lithium Corp ( SHA 600: 000859 ): Tianqi is a China-based firm on course to be the world’s largest lithium carbonate producer in 2025. It is already the biggest supplier of lithium hydroxide in the Asia-Pacific region.

These 7 lithium stocks look to be the main drivers of the industry in 2023. It’s a mineral needed for the green revolution, and its demand is expected to skyrocket as the world advances to a more sustainable future. With that being said, investors would be wise to research these stocks before jumping into the market.

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