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From Mines To Megabatteries: 3 Lithium Stocks Ready To Boom

The electric vehicle market has seen strong momentum these past few years, with industry experts expecting it to grow to $951.9 billion by 2030 with a 13.7% CAGR. Strong support from the government for the adoption of EVs has opened up opportunities for investors to look at related sectors.

Lithium, one of the components for building rechargeable batteries used in EVs, can benefit from this potential growth. Experts see the lithium battery market growing by 14.2% CAGR to $187.1 billion by 2032. This makes lithium stocks—and their investors—prime beneficiaries of the expected market expansion.

This article will look at three lithium stocks that are currently trading low but have a strong foothold in their respective markets.

This post appeared first on InvestorPlace.