Why Top Lithium Stocks Like Livent Plunged This Week
Lithium stocks got clobbered this week, with shares of nearly every lithium player miner, whether industry titans or early stage, plunging by double-digit percentages. Here's how much the worst-performing lithium stocks had fallen at their lowest points in trading this week as of noon Friday, according to data provided by S&P Global Market Intelligence:
Investors fear the best days could be behind lithium stocks.
2022 has been a banner year for lithium, with prices of the commodity more than doubling year to date amid unstoppable demand and tight supply. Lithium is a key component in batteries for electric vehicles (EVs), and demand for EVs worldwide is growing exponentially.
Source Fool.com
