If Lithium is Bottoming Out, These Three Stocks Could Take Off – 3/10

There’s growing speculation lithium prices are finally bottoming out. 

Sociedad y Quimica CEO Ricardo Ramos expects for lithium prices to remain stable this year, and for sales volumes to improve. 

Pilbara even said it’s seeing buying interest again, too. “All our customers, for avoidance of doubt, are taking their product and, in some cases, asking for more,” said Pilbara Minerals’ Managing Director Dale Henderson, as noted by Bloomberg.

In addition, according to Statista, by 2030, global demand for lithium is expected to pass 2.4 metric tons, which doubles the demand forecast for 2025. By 2035, they added, demand could reach 3.8 million tons. Then, by 2040, lithium demand could increase 40 times over with expectations for increased EV adoption and energy storage needs.

On top of that, lithium producers have warned that global supply may not meet demand.

If lithium prices are finally bottoming out, keep an eye on these three ideas.

Company: Albemarle (ALB)

Since topping out around $320 in late 2022, Albemarle (ALB) plunged to less than $120. And while it’s been an ugly descent, it’s safe to say most of the negativity – including news of a $2 billion capital raise –have been priced into the stock.

Important: Read This BEFORE Bitcoin Hits New Highs

Bitcoin is already up 300% since its 2022 lows, driven by a wave of new institutional buying. But according to one of America’s leading crypto experts, this is just the start of a much bigger shift playing out right now. It’s critical you learn more today… BEFORE this impacts your money and your retirement.

Here’s everything you need to know.

Company: Piedmont Lithium (PLL)

Piedmont Lithium is waiting for a green light from North Carolina on its lithium project.  If that happens, the company says its mine could be one of North America’s biggest sources of lithium for electric vehicle batteries.

Company: Global X Lithium & Battery Tech ETF (LIT)

Or, you can diversify at a lower cost with an ETF like the Global X Lithium & Battery Tech ETF. Some of its top holdings include Albemarle, Tesla, BYD, Panasonic Holdings, and Livent to name some of its 46 holdings.

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