Shares of lithium stocks are trading higher following strong delivery numbers from several EV makers.
Portfolio Pulse from Benzinga Newsdesk
Shares of lithium stocks are trading higher following strong delivery numbers from several EV makers. The companies mentioned are Albemarle Corporation (ALB), Lithium Americas Corp. (LAC), and Sociedad Quimica y Minera de Chile (SQM).
July 03, 2023 | 4:33 pm
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POSITIVE IMPACT
Albemarle Corporation's stock is trading higher due to strong EV delivery numbers.
The strong delivery numbers from EV makers indicate a high demand for lithium, which is used in EV batteries. This is likely to increase the demand for Albemarle's products, leading to a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lithium Americas Corp.'s stock is trading higher due to strong EV delivery numbers.
The strong delivery numbers from EV makers indicate a high demand for lithium, which is used in EV batteries. This is likely to increase the demand for Lithium Americas' products, leading to a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sociedad Quimica y Minera de Chile's stock is trading higher due to strong EV delivery numbers.
The strong delivery numbers from EV makers indicate a high demand for lithium, which is used in EV batteries. This is likely to increase the demand for SQM's products, leading to a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100