TDR Capital International - Three Lithium Stocks to Buy in 2023

KOWLOON, Hong Kong - July 28, 2023 - PRLog -- These batteries are used to power devices such as personal computers, cellphones, and tablets. Most crucially for today's market, lithium is a critical element in the production of lightweight, power-dense batteries, which are required for electric vehicles (EVs).

As EV use grows fast throughout the globe, so does demand for lithium. According to Albemarle (ALB) analysts, worldwide lithium output will increase from 636,000 metric tons in 2022 to around 1.8 million metric tons in 2024. This opens up a big potential for lithium producers as well as public equity investors looking to benefit from this trend.

(LTHM) Livent Corporation

Livent Corporation (LTHM) is a corporation established in the United States that manufactures and sells lithium hydroxide, lithium carbonate, and other lithium compounds. The company's primary source of lithium compounds is the Salar del Hombre Muerto mine in Catamarca, Argentina. The Whabouchi mine in Quebec, Canada, is Livent's secondary mining facility.

(ALB)  Albemarle Corporation

Albemarle Corporation (ALB) is a specialty chemical miner, developer, and manufacturer. The corporation is most recognized, though, for its lithium mining activities. Albemarle's primary activities are in Chile. Albemarle is an excellent choice for those looking to capitalize on the lithium mania.

(SQM) Chilean Chemical and Mining Society

Chilean corporation Sociedad Quimica y Minera de Chile (SQM) manufactures and distributes speciality chemicals such as lithium, potassium, iodine, and nitrates. Its business is divided into five divisions: lithium and derivatives, specialty plant nutrition, iodine and derivatives, industrial chemicals, and potassium.

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