Top 5 US Lithium Battery Stocks for 2022

Top 5 US Lithium Battery Stocks for 2022

Bailey Pemberton

Bailey Pemberton

UPDATED Jul 03, 2024

  • Recent estimates from McKinsey suggest a global demand of around 3 million metric tons of lithium carbonate equivalent (LCE) in 2030. In contrast, the total global LCE output for 2021 amounted to only 540,000 metric tons, a mere 18% of the anticipated need for 2030.
  • Companies involved in the extraction and processing of high grade lithium should expect to benefit as increased demand will drive lithium prices up, giving an uplift to company earnings.

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Simply Wall St analyst Bailey Pemberton and Simply Wall St have no position in any of the companies mentioned.

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