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Commissions do not affect our editors' opinions or evaluations. This year is likely to be the companys strongest showing since it was spun off from FMC Corp. (FMC) in 2018. Standard Lithium(NYSEMKT:SLI) stock is an interesting potential opportunity for long-term investors with a high-risk/high-reward approach. Many battery makers favor this raw material because of its high conductivity and corrosion resistance. What makes this company stand out is its relatively recent emergence on the trading scene. quotes delayed at least 15 minutes, all others at least 20 minutes. Because lithium demand is growing, stock prices could follow suit. The Best Lithium Penny Stocks to Buy Right Now - Money Morning Piedmont is a development-stage lithium miner thats earlier in the process of developing its resources than Lithium Americas. Whether or not it deserves a place on your watchlist is up to you. There is a very limited roster of companies active in mining, processing, and refining lithium. 8 Best Lithium Stocks of March 2023 - Forbes Advisor Ablemarle operates the only active lithium mine in the U.S. at the moment. The company was recently awarded design and feasibility projects to develop its first commercial lithium plant, which wont be online until early 2023. These lithium producers continue to outperform as demand for electric vehicles accelerates. Morningstar gives Lithium Americas a B for financial health. This Canadian company specializes in manufacturing lithium salts for batteries used in electric vehicles. Over the last year, the share price of Lithium Americas has grown 62% to now trade at just under $25. Part of this is due to the cyclical nature of the market. When it comes to penny stocks, its important for investors to find opportunities in a diverse range of industries. For this reason, The 7 Best Metaverse Stocks Under 20 Dollars To Buy For March 2023, The 7 Best Sub Penny Stocks To Watch Out For in March 2023, The 8 Best High Beta Stocks For Traders That Crave Volatility. The company pays a dividend thats currently yielding 7.6%. The company has seen strong earnings per share (EPS) and sales growth over the last four quarters, jumping more than 432% and 265%, respectively. There have been . Copyright 2023 InvestorPlace Media, LLC. In the fourth quarter of 2021, SQM earned $2.9 billion in revenue, up 57.5% year-over-year. NYSE: WWR is a mining and materials company specializing in lithium and uranium production. How Many REITs In A Portfolio Make Sense. If youre looking to invest directly in lithium producers, here are your best options: Alternatively, if you dont want to invest in lithium stocks, you could consider investing in lithium battery stocks. Naturally, prices rise and fall, signifying nothing more than a temporary change in demand. Over the past five years, the stock has gained 619%. Founded in 1968, United States Antimony Corporation doesnt produce lithium salts but antimony.