Lithium stocks have been hammered this year alongside Lithium prices, but a major industry development this week lifted investors' hopes of a turnaround and sent shares of Lithium producers soaring.

Here are some top-performing lithium stocks and the percentage by which they rallied at their highest points in trading this week through 12:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence:

Could this be the beginning of the next bull run in lithium stocks? One lithium stock, in particular, looks like a solid buy now.

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Source Fool.com