In this article, we will discuss the 5 high-growth lithium stocks to buy. If you want to see more companies in this selection, go to the 10 High-Growth Lithium Stocks to Buy.
5. Ganfeng Lithium Group Co., Ltd. (1772.HK)
YoY Growth in Revenue for the Most Recent Reported Quarter: 297.5%
Ganfeng Lithium Group Co., Ltd. (1772.HK) is the biggest lithium producer in China and the largest lithium metal producer in the world, with a headcount of over 10,000 employees globally.
Ganfeng Lithium Group Co., Ltd. (1772.HK) is involved in the entire lithium supply chain, from mining and refining to the production of battery materials. The company produces lithium from both brine and hard rock sources and has mining operations in China, Argentina, and Australia. The company also produces lithium compounds, including lithium carbonate and lithium hydroxide, which are used in the manufacturing of lithium-ion batteries. Ganfeng Lithium Group Co., Ltd. (1772.HK) intends to reach annual Lithium Carbonate production of 300,000 tons by 2025.
4. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)
YoY Growth in Revenue for the Most Recent Reported Quarter: 347.1%
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the largest producers of lithium in the world and is known as a low-cost producer globally. The Santiago, Chile-based company is also involved in the production of other specialty plant nutrients and industrial chemicals.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces lithium from brine sources located in the Atacama Desert in Chile, which is one of the biggest and richest lithium reserves in the world. Corinne Blanchard at Deutsche Bank has given Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stock a target price of $95 along with a Buy rating in a research note issued to investors on January 10.
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
3. Tianqi Lithium Corporation (9696.HK)
YoY Growth in Revenue for the Most Recent Reported Quarter: 516.3%
Tianqi Lithium Corporation (9696.HK) is a renowned Chengdu, Sichuan province-based Chinese lithium company known for extracting lithium concentrate along with the production of advanced lithium specialty compounds.
The fully integrated lithium company has a presence in key asset bases in Australia, Chile, and China and is considered a leading name in the development of lithium-ion batteries. According to Benchmark Mineral Intelligence, the global battery industry is expected to remain constrained. The demand for lithium carbonate in 2023 is expected to be around 910,000 lithium carbonate equivalent (LCE). Meanwhile, the supply is expected to be around 900,000 LCE. The shortfall is anticipated to increase to 300,000 LCE by the end of this decade as demand is expected to surge to 2.7 million LCE.
2. Pilbara Minerals Limited (PLS.AX)
YoY Growth in Revenue for the Most Recent Reported Quarter: 607.8%
Pilbara Minerals Limited (PLS.AX) is a West Perth, Australia-based lithium company that has complete ownership over the biggest independent hard-rock lithium operation situated in the resource-rich Pilbara region known as the Pilgangoora Lithium-Tantalum Project.
The Pilgangoora Project is one of the largest lithium-tantalum deposits in the world and is a joint venture between Pilbara Minerals Limited and Chinese lithium producer Jiangxi Ganfeng Lithium Co., Ltd. The project has a mineral resource estimate of 256.7 million tons. The company is focused on developing the Pilgangoora Project to produce spodumene concentrate, which can be further processed into lithium hydroxide and lithium carbonate, used in the manufacturing of batteries for electric vehicles and other applications.
1. Allkem Limited (AKE.TO)
YoY Growth in Revenue for the Most Recent Reported Quarter: 1,168%
Allkem Limited (AKE.TO) is a Buenos Aires, Argentina-based specialty lithium chemicals company with a hard-rock lithium operation in Australia, a lithium hydroxide conversion facility in Japan, and lithium brine operations in Argentina.
The company manufactures and exports a range of chemical products, including lithium-based chemicals. Allkem Limited (AKE.TO) has a mature and stable mining operation in Mt. Cattlin in Western Australia that produces Spodumene concentrate. The site became operational in late 2016 and was responsible for 194,000 tons per annum of production during FY22.
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