This article will look at the best lithium stocks that could explode in the near future.
Are you looking for something new to invest in, then you might be interested in investing in lithium stocks. Currently, there are several lithium stocks that could explode at any time due to the high demand for them.
Lithium is one in-demand commodity globally, given its enormous use and benefits, especially in the battery market.
According to Deloitte reports, analysts agree that the lithium demand will double by 2030, and most of this demand will be coming from the electric car companies.
What are Lithium Stocks?
Lithium Stocks: These are companies’ shares that engage or involve in the mining, distribution, or processing of Lithium.
Who Controls the Lithium Market?
Over 80% of the world’s raw Lithium is mined in Australia, Chile, and China. According to the International Energy Agency.
China controls more than half of the world’s lithium processing and refining, and china has three-fourths of the lithium-ion battery mega factories globally.
10 Best Lithium Stocks that Could Explode in 2023
Here are your best options for lithium stocks that could explode in the nearest future:
SQM (NYSE: SQM)
This is one of the lithium stocks that could explode in 2023. SQM is one of the largest lithium companies in the world.
It produces Lithium from Chile’s Salar de Atacama and brings it to the market as lithium carbonate and lithium hydroxide.
Piedmont Lithium (NASDAQ: PLL)
Piedmont Lithium produces lithium hydroxide from spodumene ore. It is based in the US state of North Carolina; the goal is to provide companies with lithium hydroxide sources outside of China. It also hopes to help create an American battery supply chain.
Frontier Lithium (TSXV: FL)
Frontier Lithium’s goal and mission are to become a manufacturer of battery-quality lithium salts for the electric cars and lithium-ion battery markets.
According to the company, the PAK lithium project “contains 1 of North America’s highest grade, large-tonnage hard-rock lithium properties in the form of a rare low-iron spodumene.” This project, which Frontier is actively developing, is based and located on Ontario’s Electric Avenue.
The Frontier’s news in 2023 focused on exploration at PAK’s Spark deposit, where it announced on 1 March an updated indicated resource of fourteen million tonnes averaging 1.4% lithium oxide and an inferred resource of eighteen million tonnes averaging 1.37 percent lithium oxide.
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Ultra-Lithium (TSXV: ULT)
Ultra-Lithium (formerly known as Ultra Resources) is a lithium and gold company with projects and properties in Argentina, Canada, and the US.
The company is primarily focused on projects in Argentina and Ontario, Canada. The two lithium properties in Argentina, Laguna Verde I and II, are Lithium brines, while the Ontario lithium projects, Frogan lake, and Georgia Lake, are the pegmatite deposits.
Lithium Energi Exploration (TSXV: LEXI)
The Lithium Energi Exploration is an acquisition, exploration, and development company working in South America’s Lithium Triangle, with more than 72,000 hectares of lithium brine concessions in Argentina’s section of the triangle.
In January, this company announced that development and exploration with its joint venture partner Global Oil Management Group, is accelerating. The name of this new joint venture is the Triangle Lithium Argentina.
Global Lithium (ASX: GL1)
The Global Lithium Exploration company is focused on its 100 percent owned Marble Bar lithium project, located in Western Australia’s North Pilbara Craton.
The project’s Archer deposit has been the main exploration target; the global lithium company is planning a program of 60,000-meter reverse-circulation drilling for Q1 of this year.
Global Lithium gained 80 percent interest in the Manna lithium project from Breaker Resources (ASX: BRB) in December 2021. These two companies plan to work side by side on the exploration of the project in 2023.
On 3 March, Global Lithium announced the signing of a ten-year offtake agreement for spodumene concentrate with Suzhou TA&A Ultra Clean Technology (SZSE:300309), which is Global Lithium’s biggest shareholder. Suzhou TA&A intends to aid with construction funding as well.
Metals Australia (ASX:MLS)
Metals Australia operates outside of Canada and Australia. The majority of the lithium projects in Lac la Motte, Lac la Corne, and Lacourciere-Darveau are in Quebec, as the company’s graphite and gold projects.
The Manindi lithium project is located and based in Western Australia, also with the company’s base metals projects.
Core Lithium (ASX: CXO)
According to the Core Lithium, its Finniss lithium project in the Northern Territory is “one of Australia’s most capital-efficient and lowest-cost spodumene lithium projects.”
The First production is anticipated in Q4 2023, and this company already has multiple four-year offtake agreements with Ganfeng Lithium (SZSE:002460) and Yahua.
What’s your opinion on the lithium stocks that could explode in 2023?
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