Major lithium producers Albemarle (NYSE: ALB) and Livent (NYSE: LTHM) reported their second-quarter 2023 results this past week. So investors can now compare their results in their lithium businesses.

Lithium stocks are garnering much investor attention because demand for lithium has been strong and is expected to remain so over the long term, as the electric vehicle (EV) revolution progresses. The material is needed to make the lithium-ion batteries for EVs.

Before we dig in, keep in mind these caveats: Long-term investors should not place too much weight on a single quarter's performance, and Albemarle has businesses other than lithium, so its overall results will also be affected by their performances. Nonetheless, the data in this article should help you make more informed investing decisions in the lithium space.

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Source Fool.com