We’ve been talking a lot about lithium stocks again.

All as growth accelerates. 

For one, according to KeyBanc analyst Aleksey Yefremov, “Our recent checks from the Lithium industry in China indicate that inventories at the battery cell/EV OEM level are declining,” referring to big automakers, like Tesla. Also, “Purchase orders from large buyers–CATL, etc.–could resume shortly.” 

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Two, as also noted by Investorintel, “Strong EV sales in China are leading to early signs of a China lithium price recovery. Lithium contract prices remain much higher than spot prices reflecting the past lithium price rise and the strong outlook for lithium demand in 2023.”

We’re also starting to see industry consolidation – with Allkem and Livent combining in an all-stock $10.6 billion deal to create the world’s third-largest producer of the metal used to make electric vehicle batteries, as noted by Reuters. That’s great news for all lithium stocks, and ETFs including the Global X Lithium & Battery Tech ETF (LIT).


Ian Cooper