Lithium Stocks List: 5 Biggest Lithium Stocks

2. Rio Tinto Group (NYSE:RIO)

Market Capitalization as of September 29: $164.89 billion

Rio Tinto Group (NYSE: RIO) is dedicated to the exploration, mining, and processing of mineral resources on a global scale. Their portfolio encompasses a diverse array of minerals, such as lithium, aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, and molybdenum. Rio Tinto Group (NYSE: RIO) is notably considered one of the top lithium stocks to keep an eye on.

On June 28, Rio Tinto Group (NYSE: RIO) unveiled plans to establish a battery laboratory in Australia, aimed at researching various technologies related to battery production, manufacturing, and chemistry. While iron ore remains a primary revenue source for Rio Tinto Group (NYSE: RIO), the company is actively seeking to expand its production of commodities vital for the advancement of clean energy initiatives.

As of June 2023, 29 hedge funds among the 910 profiled by Insider Monkey had bought the firm’s shares. Rio Tinto Group (NYSE:RIO)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns 163,710 shares that are worth $11.7 million through a stake worth $950 million.