While investors weigh out their options in the stock market today, lithium stocks could make for an interesting play. After all, the sector consists of mining companies and tech firms that work with this increasingly precious metal.
What’s the big deal about lithium might you ask? Well, simply put, lithium is a core component in many prominent pieces of tech in our world today. This is most apparent when you take a look at the usage of lithium-based batteries. The likes of which power a wide array of tech from our handheld electronics to automobiles. Notably, regarding the latter, this is where electric vehicles (EVs) come into play.
As countries across the globe continue to ramp up their efforts against climate change, EVs are increasing in popularity. By and large, the jump from conventional combustion engines to electric ones has and continues to be a go-to strategy for reducing global emissions. In fact, recent talks about President Joe Biden signing the Defense Production Act to ramp up domestic production of precious metals like lithium continue to drive investor interest in lithium stocks.
Are These The Best Lithium Stocks To Invest In Now?
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