Looking ahead to 2023, lithium stocks are expected to be some of the hottest in the markets. As the demand for electric vehicles and renewables rises with consumer preferences, lithium is playing a vital role in the energy storage revolution. Now, with electric batteries becoming more and more efficient, it appears that lithium is set to be even more in demand in the years to come. With that in mind, here are the top 7 lithium stocks of 2023 that could see substantial gains.
Number one on the list is FMC Corporation. FMC Corporation is one of the largest producers of lithium in the world, and is exploring new technologies to both increase production capacity and optimize processing and refining of the material. With a strong focus on sustainability and responsible environmental practices, FMC Corporation should continue to be a leader in the lithium industry well into the next decade.
Number two on the list is Albemarle Corporation. Albemarle is another one of the biggest names in the lithium industry, and is looking to increase its production as electric vehicle demand increases across the world. With their own production facility, new technologies, and plenty of industry partnerships, Albemarle should be in an excellent position in 2023.
Number three on the list is Sociedad Química y Minera de Chile S.A. (SQM). SQM is one of the few companies that produces both lithium chemicals and lithium compounds, two key components in the lithium energy storage space. With their own resources and strong partnerships with automakers like Tesla and GM, SQM could remain a major player in the industry in 2023.
Number four is Orocobre Limited. Orocobre is an Australian-based lithium mining company that specializes in the extraction and refining of lithium materials. With their own production facilities as well as partnerships with other companies, Orocobre looks poised to become one of the leaders in the lithium industry in 2023.
Number five is Tianqi Lithium Corporation. Tianqi is one of the largest mines in Australia, and the largest lithium mine in the world. They produce high-purity lithium materials that can be used in battery cells and electric vehicles, making them one of the main players in the lithium industry in 2023.
Number six is Ganfeng Lithium Co., Ltd. Ganfeng is one of the top suppliers of lithium materials in the world and has already solidified partnerships with some of the biggest names in the industry, including Tesla and Volkswagen. Ganfeng is in a commanding position in 2023 and looks likely to remain one of the leading players in the lithium market.
Finally, number seven is Talison Lithium Ltd. Talison is an Australian lithium producer that is focused on eco-friendly methods of extraction. Whilst some of their main customers are Tesla and LG Chem, they’ve already started to expand to other global markets, giving them the potential to ascend the lithium industry in 2023.
In conclusion, all of the listed lithium stocks appear to be in a strong position for 2023. As electric vehicles continue to rise in popularity, lithium-based solutions will be in higher demand, making all of these companies prime candidates for long-term investments. Investing in lithium now could reap rewards for years to come.