Lithium mining stocks are a hot commodity in the stock market right now, as lithium is an essential component in the production of electric vehicles. As the demand for electric vehicles grows, so does the demand for lithium. Lithium mining stocks have been on the rise in recent years, as investors seek to cash in on this growing industry.
This is evident with top lithium stocks such as Albemarle (NYSE: ALB) and Standard Lithium Ltd. (NYSEAMERICAN: SLI). Over the last 5 years, shares of both lithium mining stocks have increased by 123% and 617%, respectively.
However, there are obviously risks associated with investing in lithium mining stocks. Despite these risks, however, many investors believe that lithium mining stocks can be worth paying attention to right now.
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