Top 4 ASX Lithium Stocks To Invest In Right Now!
Our Active Trades Performance in September
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Cyclopharm (ASX:CYC)
CYCMarch 31, 2023Up to $2.20$2.79$2.25$3.0070.1% -
Weebit Nano (ASX: WBT)
WBTMay 17, 2022Up to $5.00$3.15$3.50$9.5641.9%
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Cyclopharm (ASX:CYC)
CYCMarch 31, 2023$2.7970.1% -
Weebit Nano (ASX: WBT)
WBTMay 17, 2022$3.1541.9%
Stocks Down Under’s Team Of Experts Has Put Together Our Top Lithium Shares Picks To Invest In Right Now!
Get our Industry Experts’ reports and recommendations, along with BUY and SELL Alerts for ASX-listed Lithium Stocks with Stocks Down Under’s Concierge. Sign up to see our trades.
So Why Invest in Lithium Stocks?
Because your investment portfolio will be exposed to the exponential growth expected in electric vehicles (among other technologies).
Because your investment portfolio will be exposed to the exponential growth expected in electric vehicles (among other technologies).
The growth potential is significant, driven by global shifts towards clean energy and the expanding electric vehicle market.
The growth potential is significant, driven by global shifts towards clean energy and the expanding electric vehicle market.
A study by BloombergNEF predicts that by 2040, nearly 58% of all passenger vehicle sales and over a third of the global passenger vehicle fleet will be electric.
A study by BloombergNEF predicts that by 2040, nearly 58% of all passenger vehicle sales and over a third of the global passenger vehicle fleet will be electric.
This transition will substantially increase the demand for lithium, making lithium stocks potentially rewarding investments.
This transition will substantially increase the demand for lithium, making lithium stocks potentially rewarding investments.
Lithium Stocks Over the Year
The global lithium market is currently in the midst of a significant upswing, fuelled by surging demand across a multitude of sectors. At the heart of this global sector, the lithium industry's predicted expansion is impressive. It is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2022 to 2028. The lithium market, a global portfolio which includes all forms of lithium such as lithium carbonate and lithium hydroxide, is forecast to reach a substantial market size of USD 14.11 billion by 2028.
Several industry trends and market dynamics are converging to make this possible. One significant factor is the global shift towards electric vehicle (EVs). Given this global hard rock lithium demand, Australia's role in the world's hard rock lithium production industry becomes even more vital. In 2022, Australia contributed over 40% of global production core lithium, making it a dominant force in the global core lithium supply chain.
Leo Lithium
(ASX: LLL)
8 May 2023
$0.565
31 May 2023
$0.885
Returns of 56.5% in less than 30 Days!
The expert Buy and Sell alerts from our Concierge service enabled our subscribers to take advantage of the exceptional rise of Leo Lithium (ASX: LLL), pocketing returns of more than 56%!
Factors Influencing Lithium ASX Stocks
While these lithium stocks represent some of the top performers in the lithium sector, it's important to remember that investing always comes with risks. Several factors influence the value and performance of lithium stocks, including demand and supply of the electric vehicle and renewable energy sectors, technological advancements in those sector (and others), geopolitics and environmental concerns.
Lithium's core demand stems from the electric vehicle and renewable energy sectors. An increase in the adoption of electric vehicles or a surge in renewable energy installations can spike lithium demand, thereby boosting lithium stocks.
Top 4 ASX Lithium Stocks to buy
Pilbara Minerals
(ASX:PLS)
The company has been in production since 2019 and its shares are up over 2,500% in 3 years. It shipped 361,035dmt (dry metric tonnes) of spodumene concentrate in FY22, leading to $1.2bn in sales revenue and a ~$560m NPAT. FY23 has been even better with 309,255dmt shipped in the first half alone, leading to $2.18bn in revenue and a $1.24bn profit.
Mineral Resources Ltd.
(ASX:MIN)
Mineral Resources is peculiar as far as ASX lithium shares go because it does not only have its own mines, but also provides mining services. So if lithium commodity prices move, it could be less volatile than other lithium shares. In 1HY23 alone, Mineral Resources made $2.35bn in revenue (up 74%), a $390m NPAT (up 1,890%) and an 18.4% Return on Invested Capital (ROIC).
Allkem
(ASX:AKE)
Allkem, formerly known as Orocobre, is fresh from a US$10.6b merger with Livent. Consensus estimates for FY23 expect $1.98bn in revenue and $1.41bn in EBITDA, the first year as a merged company. In FY24, $2.36bn in revenue (up 19%) and $1.72bn in EBITDA is expected (up 22%).
Liontown Resources
(ASX:LTR)
Liontown Resources, a newer player in the lithium market, has not been shy about making its presence felt. Over the previous year alone, the company's shares have soared by over 200%, testament to the promising potential of its Kathleen Valley project.
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