10 High Growth Lithium Stocks to Invest In

7. Ganfeng Lithium Group Co., Ltd. (OTC:GNENY)

5-Year Revenue CAGR: 34.76%

Average Price Target Upside: 579%

Number of Hedge Fund Holders: N/A

Ganfeng Lithium Group Co., Ltd. (OTC:GNENY) is a leading global producer of lithium and lithium-related products. The company plays a significant role in the global lithium industry, being China’s top producer of lithium salts and ranking among the largest lithium processors worldwide.

It is actively involved in mining and battery production, catering to the rapidly growing electric vehicle market. With operations spanning across continents, the company maintains investments in lithium projects in countries like Argentina, Australia, and Mali, while supplying major clients such as Tesla and BMW. The company takes the 7th spot on our list of high-growth lithium stocks.

According to Ganfeng Lithium’s (OTC:GNENY) interim half-year report posted at the end of September, the company expanded its production capacity by upgrading current production lines and constructing new ones.

The expansion is aimed at increasing global market share. The company also increased its stake in Mali Lithium to 60%, with the Goulamina spodumene project nearing completion of its flotation line and first production anticipated this year. In Argentina, the Cauchari-Olaroz lithium salt lake project has ramped up to 70% of its design capacity, targeting 20,000-25,000 tonnes of lithium carbonate production by 2024. The Mariana project is expected to start trial production by the end of 2024.

The company produces a wide range of solid-state batteries and has advanced R&D in solid-state battery materials. Additionally, it leads in lithium battery recycling with several facilities in China, capable of processing 200,000 tons annually, achieving high recovery rates for lithium, nickel, and cobalt.

For the future, Ganfeng Lithium (OTC:GNENY) plans to continue expanding its lithium resources globally, focusing on low-cost resources like brine and spodumene. Several lithium projects are in development across China and Argentina, aiming to strengthen its market position and meet growing industry demands.