Lithium Stocks Could Electrify Your Portfolio [TheStreet.com]
Livent Corporation (LTHM)
Last livent corporation earnings: 2/20 04:15 pm
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Source: TheStreet.com
Many investors these days want to add exposure to the burgeoning electric-vehicle industry, but finding the right option can be difficult.A stock like electric-vehicle giant Tesla(TSLAGet Tesla Inc ReportAn underrated way to play the EV revolution is through lithium stocks, as this scarce metal is critical to manufacturing the batteries that power these cutting-edge cars.Demand for EVs is sharp and all the major manufacturers are investing heavily to increase production. That translates directly to demand for the metal that powers their rechargeable batteries.There’s also the worldwide focus on reducing carbon emissions to consider. Billions of dollars in funding from President Joe Biden’s bipartisan infrastructure bill will go to build a nationwide network of EV-charging stations.And lithium-ion batteries power many of the most popular devices: cellphones, laptops and other portable consumer electronics.According to Grandview Research, the global lithium market size was valued at $2.
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