The company is setting its sights on advancing its flagship Butte Valley project located in northern Nevada. Best Lithium Penny Stocks to Buy Westwater Resources, Inc. (NYSE: WWR) NYSE: WWR is a mining and materials company specializing in lithium and uranium production. While shares of UAMY are down by around 6% today, this is a minor correction occurring around the lithium market. 1.9M subscribers in the pennystocks community. Currently, PLL has zero sales and has reported negative EPS for the last five years. What makes this company stand out is its relatively recent emergence on the trading scene. Investors should keep an eye on E3 Metals as it could be one of the top lithium penny stocks to invest in for 2022. Ganfeng has reported three years of growing sales and earningsits the strongest company on our list when it comes to sustained growth. According to Fortune Business Insights, the global lithium market is forecast to grow from $3.83 billion in 2021 to $6.62 billion by 2028, for a compound annual growth rate (CAGR) of 8.1%. With Titan, you can invest in actively-managed stock and crypto portfolios, as well as in alternative asset classes like Real Estate, Private Credit, and Venture Capital. Lithiums multiple uses are put to the test every passing day, and its not just rechargeable batteries were talking about. Lithium penny stocks could be an interesting choice to play the EV and tech markets; heres 3 to watch, These Biotech Stocks Have Rallied This Week; Can They Head Higher? Furthermore, WWR is expecting a surge in demand for uranium due to the nuclear renaissance. The company pays a dividend thats currently yielding 7.6%. These lithium producers continue to outperform as demand for electric vehicles accelerates. For miners, success is based on the price of lithium. In addition, the company stated that it delivered the first shipment of SOLO EVs into the U.S., which is a part of its large rollout strategy. As an investor, there is no need to look for viable opportunities as these can help you make money in the long run. Walmart Money Order Limit: Do Walmart Do Money Orders? Considering this, will UAMY be on your list of penny stocks to watch? Finance as of Nov. 7, 2022. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The company is the leading direct lithium extraction (DLE) technology innovator and has provided positive results from bench-scale testing. Your options for investing in lithium or the EV market are slightly limited. Now might be one of the best times to invest due to their much lower prices. It is also important to find adequate. The stock jumped 10% in a single day in mid-February after JPMorgan Chase issued a bullish report on the company, saying Lithium Americas should benefit in the near-term from getting final permits to begin production of lithium at its mine in Thacker Pass, Nevada. All rights reserved. Nasdaq A lot of the time, your ability to invest in something will depend on the stock prices. Something went wrong. Thats a very impressive rate of growthhowever, beware as Morningstar rates the companys financial health a C. LICYs share price has been trending lower since late 2021 and is currently 60% below its most recent 52-week high. Frontier could also bank on the rise of global demand for lithium batteries, which industry experts project to grow six times by 2030. A quick look at any. Lithium Americas is quickly taking advantage of the exciting U.S. lithium opportunity, focusing on the Thacker Pass site in particular. That makes lithium resources being developed in the U.S. by companies like LAC and Piedmont Lithium more valuable. This is a massive amount of growth from the $4 billion it was worth in 2020. Going forward, its foothold in that market will become stronger as electrified vehicles become increasingly popular. How Do Banks Verify Income For Auto Loans? The company is likely to get a lift this year from rising prices for lithium, which are already up more than 50% this year. Current Price. Additionally, the current oversupply causing the stocks to decrease in value will eventually die down. Copyright Thanks to the rapidly climbing demand for EV batteries, lithium metal prices have gone through the roof. They hope to produce 100,000 tonnes of lithium carbonate equivalent (LCE) by 2024, putting them in a significantly advantageous position. It is; if you know where best to invest it. You have to be ready and informed if you want to catch the best lithium battery stocks before they rise in value. Lithium is an essential component not just in battery technologies but also in other environmentally-friendly products such as electric vehicles. If youre not looking to make a considerable investment, there are plenty of options with current prices as low as $15. That being said, just because the industry could see growth doesnt mean that every lithium stock will be a winner. The company has two primary producing assets: the Salar de Atacama in Chile and the Roca Honda Project in New Mexico. Amid rising popularity of EVs, the demand for lithium is likely to skyrocket . When choosing lithium stocks, one decision is whether you want to invest in lithium startups or more established companies. opportunity for long-term investors with a high-risk/high-reward approach. to avoid taking on too much company-specific risk. Per Fortune Business Insights, the global lithium market size is projected to reach $8.24 billion by 2027-end, representing a CAGR of 9.2% over the 2020-2027 time frame. The demand for batteries is the main factor set to increase, unlike lithium itself, which can be used for several different applications. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth, 7 Penny Stocks Poised for Explosive Growth in 2023. It remains one of the leading lithium stock picks, with its investment in Groat do. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. But Morningstar gave the company a C for its financial grade. EVs are likely to account for 32% of the total market share for new cars by 2030, indicating a jump from 2.6% in 2019. Industry analysts are forecasting five-year annualized EPS growth of 14.7%. A lot of investors are interested in lithium because of its potential role as an energy source. 1125 N. Charles St, Baltimore, MD 21201. Should demand for EVs and other electronic goods continue to grow, it should mean good things for lithium stocks, even if they go down from time to time. Lithium demand is steadily growing as we shift to more sustainable and clean energy sources and electric cars. This is the lowest grade on our list, but the company is still slightly investable. Livent Corp.s roots go back to the 1940s and the Lithium Company of America. In its business operations, Aqua Metals provides equipment, supplies, services, and licensing for its AquaRefining technology around the world. This ground-breaking approach could give them a real edge over the competition, allowing them to supply their customers with a high-quality product in no time. All rights reserved. Sigma Lithium(NASDAQ:SGML)is positioning itself as one of the best lithium stocks on the market. More established lithium companies are already producing lithium and selling products. Right now, we find ourselves in an even more advantageous position as the supply of lithium is extremely low. Some might restrict Chinese lithium stock trading; others might not have the top lithium mining stocks youre interested in. Lithium Americas Corporation (LAC) - NYSE, Alternatively, if you dont want to invest in. Trademark Symbol - Everything You Need To Know About It, LLC Benefits By State [Costs, Requirements, Cons And More], Trademark Vs LLC - 5 Differences Between Them. In the past five years, the companys share price has increased 142%. Other car manufacturers are starting to follow suit, so the demand for lithium batteries is bound to increase rapidly. Webull is a great alternative if youre not sold on Robinhood. What Is The Cost Of Lab Tests Without Insurance In 2023? All Rights Reserved. The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT), with 42 lithium-related stocks in its portfolio, is up more than 20% in the last 12 months, compared with a 9.7% gain in the S&P 500 index . On PennyStocks.com you will find a comprehensive list of Penny Stocks & discover the Best Penny Stocks to buy, top penny stock news, and micro-cap stock articles. Editorial Note: We earn a commission from partner links on Forbes Advisor. Even after the big upside, the stock . Even with the comparatively limited amount of time they have been directly exposed to investors, they have experienced remarkable growth and secured their place at the top of the lithium market in China. The company has a robust project pipeline, and its Butte Valley project is expected to be one of the largest and lowest-cost lithium mines in the world. While it might be worth investing in now, new kinds of batteries are already being developed, which will be a better option in the future. Tianqi Lithium, one of the largest producers of lithium globally, is located in China and happens to be one of the most reliable names in the mass-produced lithium-ion battery space. Related: 5 Alternatives to Lithium Battery. Then there are also lithium recycling stocks to invest in. Additionally, only a few weeks ago, the company appointed EV pioneer, Kevin Pavlov to be its new Chief Operating Officer. Theres also demand for lithium in medicine (treatment of certain disorders) and the production of glass and ceramics. Learn why you should consider, If youre planning to sell your shares as soon as youre happy with their value or due to a dip in the market youll need to monitor the market regularly. These are all subject to customary circumstances and quality and packaging criteria. How To Withdraw From Crypto.com To A Bank Account? Its recent performance has been strong and, over the past year, the penny stock has surged 49%. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products. Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. It operates through Primary Metal Manufacturing and Primary Resource Development. Westwater Resources, Inc. has also signed a letter of intent to sell 125-250 metric tons of graphite for lithium-ion batteries in 2023, with an option to buy another 16,000 metric tons in 2025. Heres what you need to know about buying penny stocks on July 19th, Use these tips for setting penny stocks investing expectations. Ganfeng Lithium Group(OTCMKTS:GNENF)is truly a powerhouse in the industry and has already established itself as a major player in the production of lithium metal. . The stock jumped 10% in a single day in mid-February after JPMorgan Chase issued a bullish report on the company, saying Lithium Americas should benefit in the near-term from getting final permits to begin production of lithium at its mine in Thacker Pass, Nevada. Sodium-ion batteries are set to be the next best alternative to lithium-ion batteries. Commissions do not affect our editors' opinions or evaluations. 1125 N. Charles St, Baltimore, MD 21201. RIG 8.16% 5.30. It has a portfolio of lithium projects in North America. The stock is up 60% over the last year and is 15% below its 52-week high. Our 3 Top Picks. Morningstar gives Lithium Americas a B for financial health. Type a symbol or company name. This mineral, therefore, could make US Antimony one of the leading suppliers for a market that could grow by almost 20% from 2020 to 2027. Policy Advice is a website devoted to helping everyday people They might not be generating revenue. Lithium penny stocks have the potential to be a solid investment if trends and predictions hold. Well, it depends on when youre reading this article, but those who are up to date with lithium stock prices know about the current dip in the market. And SQM stock has been a very good investment so far this year. SLIs novel method of lithium extraction has the potential, steady stream of income for many years to come, 5 Hypergrowth Stocks With 10X Potential in 2023, lithium carbonate equivalent (LCE) by 2024, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The company is the second-largest lithium mine based on its proven and probable reserves, showcasing a bright future for Lithium Americas. According to a report by the International Energy Agency, with the transition of industrial factories from gasoline to clean energy and the growth in EVs, the demand for lithium could go up by over 40 times by 2030. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. InvestorPlace is one of Americas largest, longest-standing independent financial research firms. Lithium is an expensive material to get your hands on, and that demand is only going to rise again as EVs are being released to the market. And with so much potential in the market right now, there are hundreds of lithium penny stocks to choose from.