Lithium prices are soaring as demand continues to significantly outweigh supply.
In an article titled “Lithium Prices Have Nearly Doubled in 2022 Amid Insane Commodity Rally,” OilPrice.com writer Alex Kimani reported that this rapid doubling comes on the heels of 2021’s quadrupling of lithium prices. Kimani ads: “…lithium producers have been caught flat-footed again, ill-prepared to meet the current even stronger demand surge fueled by the global energy transition and EV revolution.” Plus, consider this: by 2050, the global need for lithium could be as much as five times higher than what is mined today, according to the World Bank.
In short, lithium prices aren’t likely to pull back any time soon. But with that being said, investors may want to keep an eye on these lithium stocks.
The post These Three Lithium Stocks Are Taking Off: Here’s Why appeared first on Investors Alley.