
Please try another search
The metal lithium is a valuable commodity that is used in electronic devices. Demand for it has been increasing, driven primarily by increased demand for electric vehicles (EVs). For investors seeking to capitalize on the rising demand for the element, Sociedad (SQM) and Lithium Americas (NYSE:LAC) could be solid bets. Wall Street Analysts strongly recommend these companies.As the demand for electric vehicles (EVs) increases with a growing global desire to transition to zero-carbon-emissions transportation, the demand for lithium has been increasing too. That’s because most EVs rely on lithium-ion batteries for power.
Investors’ interest in the lithium market is evident in the Global X Lithium & Battery Tech ETF’s (LIT) 50.4% returns over the past six months versus the SPDR S&P 500 ETF Trust’s (SPY) 27.8% gains. And, according to Mordor intelligence, the lithium market is expected to grow at a CAGR of more than 10% over the next five years.
Lithium is not only an important component for EV batteries, it is also used for energy storage in batteries for many other devices, such as cell phones, laptops, and grid storage. Consequently, lithium has become one of the most highly sought-after commodities. Given the commodity’s promising prospects, analysts are very optimistic about the performance prospects of Sociedad Química y Minera de Chile S.A. (SQM) and Lithium Americas Corp. (LAC) shares in the near term. So, we think it could be wise to bet on these stocks now.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.