Lithium Battery New Energy Shares

What is the future of lithium stocks?

Morningstar estimates lithium needs to jump from 800,000 metric tons in 2022 to about 2.5 million by 2030, highlighting the promising future of lithium stocks. Furthermore, lithium stocks are projected to push the global lithium market to an impressive $22.6 billion by 2030.

Will Lithium prices go up again If EVs increase in demand?

If EVs continue to increase in demand, though, the price of lithium—as well as the prices of stocks for the companies that mine, refine and distribute lithium—could go up again. Investing in lithium stocks is the same as investing in any other kind of stock.

Should you buy battery stocks in 2024?

The International Energy Agency predicts a tenfold increase in battery demand for electric vehicles over the next decade. Battery stocks haven't fared well for much of 2024, but a big rally has put them back in the spotlight. The Global X Lithium & Battery Tech ETF (ticker: LIT) gained more than 20% in September.

How much is the lithium market worth in 2022?

As per Fortune Business Insights, the global lithium market achieved a valuation of $37.8 billion in 2022. Forecasts indicate a robust growth trajectory, with the market expected to reach $89.9 billion by 2030, reflecting a notable CAGR of 22.1% from 2023 to 2030.

What are lithium stocks?

Lithium stocks are commodity stocks that have principal interests in the mining, refining and distribution of lithium. The companies included under the umbrella of lithium stocks may be involved in the production of other metals and minerals, but lithium will be included in their portfolio.

Why did lithium price fall in 2023?

The resulting oversupply of lithium caused the lithium price to fall through 2023 and into 2024. Even with the oversupply, soaring battery demand from EVs and energy storage (saving power for later distribution to the electric grid) have some investors anticipating a solid recovery in lithium demand in the next few years.