Lithium stocks were crushed over the last few months.
But many are starting to push higher on speculation the green energy metal may finally be bottoming out. For one, analysts at Fastmarkets say demand for lithium in the U.S. could grow by 487% to 412,000 tonnes by 2030.
In addition, according to the United Nations, demand for metals such as lithium are “on track” to outpace production through 2050. They added, “Lithium tops the list, with expected demand in 2045 more than tripling the likely supply in that year of nearly 1,400 metric tons.”
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Company: Albermale (SYM: ALB) It’s part of the reason stocks, like Albemarle (ALB) were up about $6.60 a share on Thursday. Sure, ALB had bad earnings, but that’s to be expected with plummeting lithium prices. If lithium prices are finally stabilizing, ALB should be a top beneficiary. |
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Company: Piedmont Lithium (SYM: PLL) Piedmont just secured its North Carolina mining permit, which it has been waiting on for quite some time. According to Piedmont Lithium President and CEO Keith Phillips, “We plan to develop Carolina Lithium as one of the lowest-cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain.” |
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| Company: Sociedad Quimica y Minera (SYM: SQM)
Or, take a look at Sociedad Quimica y Minera (SQM), which is just starting to pivot after finding strong support at $42 a share. SQM – which yields 4.5% at the moment – just declared a dividend of $0.2134 per share, payable on May 28 to shareholders of record as of May 10. If lithium prices are finally bottoming out, recent weakness in these stocks is an opportunity. |
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[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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