2 Lithium Stocks You Can Buy Right Now to Play the EV Boom
Why should you invest in lithium stocks? In two words: electric vehicles (EVs). Lithium-ion batteries currently power nearly all electric vehicles sold globally, and this is just the tip of the iceberg.
According to Albemarle's (NYSE: ALB) latest investor presentation, global demand for lithium carbonate equivalent (LCE) is projected to grow more than eightfold from just about 0.3 million metric tons in 2020 to 2.5 million metric tons by 2030, driven almost entirely by demand for battery-grade lithium. LCE is the standard unit of measurement in the lithium industry, and Albemarle is the world's largest lithium mining company.
That's exponential growth, and it could mean massive opportunities for lithium companies. If you want to play the EV and lithium boom, here are the two best lithium stocks you could buy right now.
Source Fool.com
