With the growing demand for electric vehicles, lithium prices could see higher highs. In fact, now is a good time to consider lithium stocks to buy for the coming years.
Part of the reason for that is because, by 2035, the lithium supply gap “is projected to be acute—at least 1.1 million metric tons, or 24% less than demand.” This makes a strong case for lithium to trend higher over the next decade. Quality lithium miners are therefore positioned to benefit from production volume growth coupled with higher price realization. I expect lithium companies to be cash-flow machines. This column will discuss three lithium stocks to buy that can double in one year.
This post appeared first on InvestorPlace.