7 Lithium Stocks Ready for a Major Comeback

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Albemarle (ALB): Analysts at Loop Capital have a price target of $162, with a Buy rating. Sociedad Quimica y Minera de Chile (SQM): Collect its 10.14% yield while waiting for it to recover. Piedmont ...

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That’s because supply issues are only temporary.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ATLX":"Atlas Lithium Corporation","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","PSQ":"纳指反向ETF","LIT":"Global X Lithium & Battery Tech ETF","ALB":"美国雅保","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLA":"特斯拉","TQQQ":"纳指三倍做多ETF","BK4511":"特斯拉概念","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4548":"巴美列捷福持仓","ILIT":"iShares Lithium Miners and Producers ETF","LAC":"Lithium Americas Corp.","SQQQ":"纳指三倍做空ETF","BK4168":"多种金属与采矿","LU0823414478.USD":"法巴经典能源转换基金","LU0072463663.USD":"Blackrock Latin American A2 USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","PLL":"Piedmont Lithium Ltd","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4109":"特种化学制品","BATT":"Amplify Lithium& Battery Technology ETF","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","SQM":"智利矿业化工","ALTM":"Arcadium Lithium","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4534":"瑞士信贷持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4188":"贵重金属与矿石","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","QID":"纳指两倍做空ETF","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","FDN":"First Trust Dow Jones Internet I","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD",".IXIC":"NASDAQ Composite","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4545":"锂电池","LU0823411888.USD":"法巴消费创新基金 Cap"},"translate_title":"7锂股准备大举反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALB":1,"TSLA":1,"SQM":1,"PLL":1,"LIT":1,"LAC":1,"ILIT":1,"ALTM":1,"ATLX":1,"BATT":1,"FDN":0.9,".IXIC":0.7,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Albemarle (ALB): Analysts at Loop Capital have a price target of $162, with a Buy rating.\nSociedad Quimica y Minera de Chile (SQM): Collect its 10.14% yield while waiting for it to recover.\nPiedmont Lithium (PLL): We’re still waiting to see if its North Carolina mine permit will be granted. If it is, the proposed mine could be significant.\nRead more about the top lithium stocks to buy and hold today!\n\n\n\n\n\n \n\nSource: tunasalmon / Shutterstock\n\n\n\nCrisis will turn into an opportunity for lithium stocks. That’s because supply issues are only temporary. And remember, as I noted on Jan. 21, “With some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with demand.” \nTwo, current lithium prices are not sustainable, as noted by Albemarle (NYSE:ALB). In fact, according to the company, prices will need to rise “in order to trigger the supply investments needed to meet long-term demand growth,” as quoted by Mining.com. “Lithium suppliers around the world are reining in spending and, in some cases, production after demand for the key component in electric-vehicle batteries slowed just as new mines started up.”\nThree, we have to consider that some analysts forecast that “lithium supply is expected to enter a deficit relative to demand by 2025.”\nEventually, all will contribute to higher lithium prices, just as we’ve seen with prior dips. That being said, investors may want to start loading up on beaten-down lithium stocks. They won’t make you rich overnight, but once the lithium price boom returns, you’ll wish you bought in.\nAlbemarle (ALB)\nSource: IgorGolovniov/Shutterstock.comAfter finding strong support around $110, Albemarle is back up to $124.86.\nFrom here, if it can break above resistance at its 100-day moving average, I’d like to see it again challenge $140 in the near term. Helping, analysts at Loop Capital said ALB has room to run, with a price target of $162 and a Buy rating. \nMotley Fool contributor Scott Levine, ALB’s best days aren’t behind it.\n\nHe wrote, “The company has an impressive operating history that stretches back to 1887. In that time, it has surely encountered headwinds — and withstood them, increasing shareholder value over the long term. Over the past 20 years, for example, Albemarle’s total return topped 1,000%, exceeding the S&P 500’s 576% total return over the same timeframe.”\n\nWe also have to consider ALB is cheap at just 9.3x earnings. Better, analysts at RBC Capital are maintaining a Buy rating on ALB, with a price target of $140. \nSociedad Quimica y Minera de Chile (SQM)\nSource: madamF / Shutterstock.comWith a yield of 10.14%, Sociedad Quimica y Minera de Chile (NYSE:SQM) is showing signs of life.\nAfter finding strong support at $40, SQM is now consolidating just under $50. From here, I’d like to see it eventually retest its December high of $64. As we wait for that to happen, we can just sit back and collect its dividend. \nUnfortunately, earnings haven’t been so hot. But that’s to be expected with lower lithium prices. In its most recent quarter, SQM posted EPS of 71 cents, which missed by 37 cents. Revenues of $1.31 billion — down 58.1% year over year — missed by $50 million. But again, that really shouldn’t come as a big surprise in the current climate. \nThe good news is that most of the negativity has been priced into this stock. Better, analysts over at Loop Capital recently raised its price target on SQM to $62, with a Hold rating.\nPiedmont Lithium (PLL)\nSource: T. Schneider / Shutterstock.comWe can also look at Piedmont Lithium (NASDAQ:PLL), another one of the top lithium stocks with big potential. Granted, its chart is a disaster, but don’t write it off just yet.\nWe’re still waiting to see if its North Carolina mine permit will be granted. If it is, the proposed mine could be significant. At the same time, it now holds all permits for its project in Tennessee, where it expects to start construction soon. Piedmont also partnered with Vinland Lithium to advance a project in Newfoundland, Canada. \nHelping, “BMO Capital analyst Greg Jones initiated coverage of Piedmont Lithium with a Market Perform rating and $20 price target. Piedmont is developing an integrated lithium business with the objective of supplying the North American battery supply chain,” according to TheFly.com.\nShould the company receive approval in North Carolina, I’d like to see the PLL stock rally back to at least $30 a share.\nAtlas Lithium (ATLX)\nSource: ShutterstockAfter diving from about $34 to about $12, Atlas Lithium (NASDAQ:ATLX) is also showing some signs of life. For one, the company recently said it achieved full funding for its early revenue strategy to allow for the start of production later this year. \nTwo, the company just said the construction of its modular dense media separation lithium processing plant remains on track for completion in Q2 2024. \nThree, as noted in ALTX press release, “Atlas Lithium’s plant progress bodes well for its goal to generate revenues by Q4 2024. As previously announced, Atlas Lithium has secured binding offtake agreements with key partners Chengxin and Yahua, who have committed $50 million for the right to purchase 80% of Phase 1 production capacity.”\nBetter, its Brazilian operations are located in Brazil’s Lithium Valley, which is considered to be a premier lithium jurisdiction. Plus, according to the Brazilian Geological Service (CPRM) “the region has at least 45 lithium deposits,” as noted in ATLX’s corporate deck.\niShares Lithium Miners and Producers ETF (ILIT)\nSource: GrAl / Shutterstock.comWe can also take a look at exchange-traded funds (ETFs), which offer a good deal of diversification at a lower cost. The iShares Lithium Miners and Producers ETF (NASDAQ:ILIT), for example, trades at just over $14 a share and offers exposure to 45 lithium stocks.\nIn fact, with an expense ratio of 0.47%, the ILIT ETF offers exposure “to global lithium miners and producers who could stand to benefit from an increased demand for this limited resource,” noted iShares. Some of its top holdings include Sociedad Quimica y Minera de Chile, Albemarle, Pilbara Minerals (OTCMKTS:PILBF), Arcadium Lithium (NYSE:ALTM) and Lithium Americas (NYSE:LAC) — to name a few.\nWhat’s nice about the ILIT ETF is that we can buy 100 shares of it for about $1,400. If I were to buy 100 shares of just one of its 45 holdings — let’s use ALB — it would cost me over $12,400. I’d rather pay less and have greater exposure.\nGlobal X Lithium & Battery ETF (LIT)\nSource: ShutterstockAfter bottoming out around $40, the Global X Lithium & Battery ETF (NYSEARCA:LIT) has since rallied to $46, where it’s consolidating. From here, I’d like to see it break higher with a test of $52 in the near term.\nWith an expense ratio of 0.75%, the LIT ETF invests in the full lithium cycle, from mining and refining the metal through battery production, says GlobalXETFs. It also has about 40 holdings, including Albemarle, Pilbara Minerals and Panasonic Holdings (OTCMKTS:PCRFY) — to name a few.\nThe last time lithium prices fell on supply-demand issues around 2018, the LIT ETF plunged from about $37 to a low of $19.20. As lithium showed signs of life and demand skyrocketed with the electric vehicle boom, the LIT ETF ran to a high of nearly $93. \nThe moment we see the next recovery in lithium, as supply fails to meet demand, I’d like to see the LIT ETF again challenge that high.\nAmplify Lithium & Battery Technology ETF (BATT)\nSource: Olivier Le Moal/ShutterStock.comWith an expense ratio of 0.59%, the Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) provides exposure to global companies that develop, produce and use lithium battery technology — all for less than $10 a share. BATT ETF has 89 holdings, including Tesla (NASDAQ:TSLA), Albemarle, Sociedad Quimica and Panasonic.\nAfter sliding from about $13.50 to a low of $8.56 the BATT ETF is starting to pivot higher from oversold conditions. It last traded at $9.45. I’d like to see the ETF retest $10.59 initially.\nIt is another hot ETF that could double, even triple, when lithium prices and related stocks start to push well off their low. While simplistic to say, it’s only a matter of time before lithium recovers and takes the BATT ETF along for the ride.\nOn the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.Battery, Energy, Lithium, Renewable Energy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/7-lithium-stocks-ready-for-a-major-comeback/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421740878"}