LTHM - These 3 Lithium Stocks Have More Than Doubled in 2 Years. Can They Do It Again?
As of Oct. 14, shares of major lithium producers Albemarle (NYSE: ALB) , Sociedad Quimica y Minera de Chile (NYSE: SQM) (also known as SQM), and Livent (NYSE: LTHM) have returned 155%, 156%, and 144%, respectively, over past two years.
For context, the S&P 500 index has returned 5.9% over this period, and in the wake of 2022's bear market, the tech-heavy Nasdaq Composite is underwater, with a total return of negative 11%.
The main driver for these lithium stocks' powerful performances has been the surging demand for the material, which is used to make batteries for electric vehicles (EVs). The supply of battery-grade lithium has been tight relative to demand, which has lit a fire under prices. But can these lithium stocks double (or more) again over the next two years?
For further details see:
These 3 Lithium Stocks Have More Than Doubled in 2 Years. Can They Do It Again?