Lithium stocks are soaring in the first few days of 2022.
- Lithium Americas (LAC) ran from about $28 to $33 so far
- Albemarle (ALB) jumped from about $230 to $240
- American Lithium (LIACF) is also up slightly
Another interesting lithium stock to keep an eye on is Livent Corp. (LTHM) – which is recovering after falling from about $31 to $22 in recent weeks. From a current price of $26, we’d like to see the stock challenge its prior high of $32 again, near-term.
Helping, there’s still sizable demand for lithium especially with global electric vehicle plans. At the same time, there’s still not a lot of supply to meet that demand. In addition, according to Fitch Solutions, as noted by Cramer Media’s Mining Weekly, the lithium market will remain tight, and show deficits through 2030.
“Lithium supply will face a number of vulnerabilities, including geographical concentration at both the mingin and refining level, as well as the limited presence of established and large mining players, which pose risks to the project pipeline execution,” Fitch added.