Lithium stocks are quite an interesting sector to watch in the market. When many think of mining stocks, the first thing that comes to mind is gold or silver. Some investors don’t realize the potential that lithium stocks have in the market. The lithium market has grown significantly over the last decade. There are a few reasons that this has taken place, that is very important to note.
First of all, lithium is used in a lot of electronics. Chances are you own multiple electronics that take advantage of lithium-ion batteries. Because technology is always advancing and the tech industry grows pretty much every year, lithium has increased its market share over time.
Lithium-ion batteries are also used when making electric vehicles. This is a huge part of the reason that lithium stocks are performing so well in the market right now. The EV market has grown without failure every single year. Now there are millions of these vehicles on public roads. So when companies like Tesla perform well, often lithium stocks will too. There are a lot of potential companies to watch so things can get confusing. So let’s take a look at three lithium stocks that are performing well in the market today.Top Lithium Stocks To Watch
- Livent Corporation (NYSE: LTHM)
Livent Corporation is a lithium stock that just went up in the market today. This company manufactures and sells performance lithium compounds. The company also offers lithium-grade compounds for use in applications with specific performance requirements. Its products are used in high-performance lithium-ion batteries and much more.
On August 30th, the company announced that Paul Graves, the President, and CEO of the company would be presenting at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference. The company held this presentation on September 8th. One day after this took place, LTHM stock has increased in the market by 1.71%. It is very possible that this presentation had an effect on LTHM stock price. For now, will this company enter your list of mining stocks to watch?Lithium Americas Corp. (NYSE: LAC)
Lithium Americas Corp. is a lithium stock that is performing well in the market today. This company sells lithium compounds that are used in lithium-ion batteries. The company also sells lithium phosphate, lithium carbonate, lithium chloride, and organics. This is a lithium stock we mention frequently on this site due to its uptick in the market. So why has Lithium Americas Corp. been performing well in the market?
Lithium Americas Corp. reported its second-quarter earnings back in August. In the six months ended June 30th, 2021 the company’s total assets and cash increased. This is due in part to the company’s $377.4 million net proceeds from the underwritten public offering of common stock. LAC stock is performing well in the market today, up 0.48%. This lithium stock will often move up or down with the cost of the material as well. Keeping all of this in mind, will LAC make your list of lithium stocks to watch?
Blink Charging Co. is a lithium stock that just increased by 2.21% in the market. this company owns and operates EV charging equipment and networked EV charging services. This electric vehicle equipment is provided to residential customers and commercial corporations. Its services are offered through the field sales force and resellers. It deployed 16,617 EV charging stations as of December 31st, 2020.
On August 27th, the company announced that it has installed EV charging points across Michigan. The company deployed a total of 27 charging ports at 6 locations in Traverse City, Michigan. These chargers include three DC fast chargers and 12 dual-port IQ 200 Level 2 charging stations.
President Brendan Jones said, “With the new IQ 200 100-amp chargers, Traverse City residents and visitors can have confidence that the city’s infrastructure is well-positioned to meet their charging needs today and to serve the EVs of tomorrow without requiring future upgrades as EV technology changes.” So will BLNK enter your lithium stock watchlist?Top Lithium Stocks
Deciding which lithium stocks to buy can often be a difficult feat. There are a lot of things impacting the market right now, such as inflation and the pandemic. That is why it is important to stay up to date with the latest going on in the world and the lithium sector. For now, which lithium stocks will make your watchlist in September?