5 Best Lithium Stocks to Buy Now

These top-rated lithium stocks can help investors capitalize on the demand for electric vehicle batteries.

lithium ion batteries
(Image credit: Getty Images)

Investors are seeking out the best lithium stocks as the rise in electric vehicle (EV) adoption fuels demand for lithium. This led to rising prices for the metal in 2022 amid tight supply and rising demand, though lithium is now trading well off its recent highs. 

Still, there are plenty of positive catalysts for lithium stocks, including the Inflation Reduction Act (IRA). The bill was signed into law in the summer of 2022, and over the following three months, more than $13 billion worth of investments toward the production of battery raw material and EV manufacturing were announced, according to a Bloomberg News report.


Data is as of November 1. TipRanks' consensus price targets and ratings are based on analyst opinions issued over the past three months. Stocks are listed in order of consensus rating, lowest to highest, followed by 12-month price targets. 

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Shrilekha Pethe
Contributing Writer, Kiplinger.com

Shrilekha Pethe has been extensively covering and writing about the U.S. financial markets since 2015. Prior to writing about the world of finance, Shrilekha worked as an equity research analyst for a bulge-bracket client in investment banking, Credit Suisse. Her sole objective is to help investors make better and informed decisions. Her core competency lies in analyzing stocks across different sectors, from technology to mining, and banking to oil and gas. She holds a postgraduate degree in finance from ICFAI Business School, Pune, and is currently on her way to becoming a Certified Financial Planner. Shrilekha has been writing for TipRanks since January 2021. You can contact Shrilekha on LinkedIn.

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