Lithium Stock Investing Series: How Is Lithium Mined?
Lithium mining stocks have been having a great year. Shares of the three largest lithium producers listed on a major U.S. stock exchange -- Albemarle (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM), or SQM, and Livent (NYSE: LTHM) -- returned 57%, 155%, and 63%, respectively, over the one-year period through May 31. The S&P 500 index returned negative 0.3% over this period.
The rising demand for lithium is primarily being driven by growing consumer adoption of electric vehicles (EVs). The silvery-white metal is used to make the lithium-ion batteries that power EVs.
This article covers the two current types of lithium mining operations and briefly mentions several other types that are being explored. It's intended to lay the groundwork for a series, whose goal is to help investors make smarter investment decisions in this complex and rapidly growing industry.
Source Fool.com
