Lithium battery manufacturing company stocks

What are lithium stocks?

Lithium stocks are commodity stocks that have principal interests in the mining, refining and distribution of lithium. The companies included under the umbrella of lithium stocks may be involved in the production of other metals and minerals, but lithium will be included in their portfolio.

What are the best lithium stocks?

One of the younger firms on this list of best lithium stocks, Pilbara was incorporated in 2005 and primarily produces lithium through a wholly-owned project located in a region of Western Australia. That site is billed as the largest independent hard-rock lithium operation in the world, and Pilbara has estimated the mine life at 34 years of output.

Who makes lithium batteries?

Mining and chemical producer Albemarle is leading the charge in global lithium output. Among the company's biggest customers is Panasonic (OTC:PCRFY), which manufactures lithium batteries for everything from small consumer electronics to EVs. Samsung (SSNL.F -28.77%) and Corning (GLW -0.32%) are also significant customers.

What's happening in the lithium industry?

Mergers and acquisitions are common in the lithium space, with the biggest news in the industry recently being Allkem and Livent's announcement of a US$10.6 billion merger of equals in May 2023. The resultant company, Arcadium Lithium, now has a production capacity of 248,000 metric tons (MT) of lithium carbonate equivalent per year.

Who is the largest lithium producer in the world?

Here are five leading lithium producers in this growing market: Data source: YCharts. Market cap as of Jan 9, 2023. One of the world's largest suppliers of lithium. China's largest producer of lithium. Diversified chemicals and base material producer and major lithium producer.

How much is the lithium battery industry worth in 2023?

Estimates show that the global lithium battery industry was worth $54 billion in 2023, but global macroeconomic troubles left in the wake of the coronavirus pandemic have also shaken up the sector by quite a bit.