Lithium stocks are firing up this week as demand for the red-hot commodity continues to surpass supply. While big numbers from lithium miners and mega supply deals in the industry set the tone for the rally in lithium stocks in the previous weeks, the passing of the Inflation Reduction Act and rising lithium prices fueled this week's momentum.

Despite Friday turning out to be a slow day, these top-performing lithium stocks were still up by double-digits this week as of noon Friday, according to data provided by S&P Global Market Intelligence:

Chances are, this rally may not die down anytime soon.

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Source Fool.com