1. Albemarle Corporation (ALB)
Arguably one of the leading global producers of lithium, Albemarle Corporation continually impresses its investors and stakeholders with unwavering performance. In 2024, ALB stock made significant strides, thriving on the increasing demand for Lithium-ion batteries in electric vehicles (EVs) and portable electronics. The corporation utilizes a diversified approach in its operations, extracting lithium from mineral deposits and brine resources. Their continuous expansion efforts, coupled with the resilient demand for lithium products, elevated Albemarle Corporation’s position in the global market, making ALB one of the best-performing lithium stocks in 2024.
2. Livent Corporation (LTHM)
Tracing its roots to FMC Corporation, Livent Corporation has risen to gold-margin status within a short time, focusing on lithium extraction and manufacturing. 2024 was a pivotal year for Livent, characterized by ambitious growth strategies and operational excellence. The company strengthened its footprint in the lithium industry with increased lithium hydroxide production significantly impacting its stock performance. Besides, Livent’s major contracts with top-notch EV manufacturers added pace to its burgeoning profits, thus enriching LTHM’s performance in the year.
3. SQM (SQM)
Chile-based SQM garnered substantial gains in 2024, attributed to its vast, high-quality lithium reserves and escalating demand. The company continues to leverage its favorable geographical advantage, sitting in the lithium-rich Atacama Desert. Their sophisticated lithium carbonate and lithium hydroxide production facilities have been a significant driver behind the stellar stock performance. 2024 saw them expand their production capacity to meet the soaring market demand, sending SQM’s stock on an uphill trajectory.
4. Ganfeng Lithium (GNENF)
As one of China’s largest lithium producers, Ganfeng Lithium solidified its influential market position in 2024. The company’s resources spread across major lithium hotspots, such as Australia, Argentina, and Ireland. Their unique attribute of providing a broad spectrum of lithium products was one of their major winning points in the past year. Ganfeng’s vital ties with prominent EV manufacturers like Tesla also significantly boost their profit margins, driving GNENF’s stock in the upward direction.
5. EnerSys (ENS)
As a global leader in stored energy solutions, EnerSys kept the momentum going strong in 2024. Although not a traditional lithium extractor, the company
