These Discounted Lithium Stocks Can Be a Great Bet on EVs

It is almost set in stone that governments worldwide will push out gasoline-powered vehicles. The European Union has set a 100% zero-emission car sales starting from 2035. California joined the trend with the same deadline. Even sooner, the UK has set a 2030 deadline.

By 2025, global lithium supply is set to outpace demand, according to BMI, Fitch Solutions research division. In their report, China alone, the world’s largest lithium processing nation, will have a 20.4% YoY lithium demand up to 2032, compared to only 6% supply growth. Having spread its mining operations from the US to Chile, Australia, and Brazil, Albemarle pushed the envelope this year. In August, the company started to build its direct lithium extraction facility in Arkansas. DLE technology tends to double the extraction rate over time as the next step of lithium extraction from brine, without evaporation.

Refinitiv analysts expected $4.44 per share, while ALB delivered $7.33 earnings per share. However, like the battery prices, ALB stock is down -23% year-to-date, rallying over the week at +5.7%. It is now considered a heavily oversold stock, trading at 89.3% underestimated fair value.) Project. It is one of the largest lithium deposits in the US, estimated at 100 million tonnes of lithium ore. Its byproduct is lithium hydroxide, set to become the leading resource for Tesla EVs.

To align itself with sustainability goals, Piedmont will use the innovative Metso: Outotec process, which reduces sodium sulfate waste. To further the goal of becoming the leading lithium hydroxide supplier in North America, Piedmont recently invested 19.9% equity in Vinland Lithium. Likewise, Livent has one of the lowest debt-to-equity ratios, at only 14.7%. In May, Livent announced the merger with Australian lithium miner Allkem. If finalized by the end of 2023, valued at $10.6 billion, the deal would create one of the world’s top five lithium mining operations.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asia-Pacific stocks tumble as traders parse China's inflation dataAsia-Pacific markets tumble ahead of China’s inflation and trade data for the month of September.
Herkunft: NBCDFW - 🏆 288. / 63 Weiterlesen »

Here are 3 stocks in our portfolio that Goldman Sachs think will rally on earningsIt's encouraging to see our stocks on the bullish side of Goldman Sachs' new list of 25 tactical trades for earnings season.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stocks fall, yields rise as inflation data comes in hotter than expectedConsumer price data showed a 0.4% inflation rate for September, higher than the 0.3% expected
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »

Stocks Drop, Ending Winning Streak After Inflation DataTreasury yields resume their climb
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Hot inflation and claims data weigh on stocksUS stocks are lower after hot inflation and claims data kept the risk of more Fed rate hikes on the table. The labor market refuses to break and that
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

‘Best performing emerging market’: Analysts name stocks to cash in on India’s boomAllianceBernstein analysts expect India to give 'one of the highest returns among key markets throughout the world for the next several years.'
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »