Whats up everyone, so I came across this article which grabbed my attention as it
read US lithium supplies are stuck in neutral. And I was asking myself, how is that even possible?
But here’s what’s happening with US lithium and stay with me, as I share with you a chart
which could change the way you invest in lithium and 1 millionaire maker stock.
If you’ve been following Elon Musk & Tesla, you would be aware that one of their priorities is to
build a lithium refiner in Texas. And the stock we would be sharing with you today
just opened the first new lithium hydroxide production facility in North America in more
than a decade, which is a huge milestone. I personally own this stock amongst other
lithium stocks and it hasn’t disappointed. Infact I don’t even think it has started.
Despite all the catalysts, with the US racing to secure supplies of critical minerals,
such as lithium, cobalt, nickel and graphite, The Inflation Reduction Act’s full of EV tax credits,
the Defense Production Act, and lots more. But even with all of this government backing,
the challenges to boost supply remain formidable. Projects in the west have suffered from lengthy
permitting processes, at a time when China is increasingly turning to laxer regulatory
regimes in Africa and Latin America, to secure feedstock for its vast lithium refineries at home.
The US has one operational lithium mine — and another proposed lithium
mine in Nevada, Thacker Pass, has been opposed by conservation groups. A court
ruling that could decide Thacker Pass’s fate is due early this year.
A further issue is that the US lags not only behind China — which has 80 per cent
of global lithium hydroxide processing capacity — but also Australia and Europe in its plans
to build lithium refineries which you can see here on this chart. The chart shows mining and
refining forecasts across China, North America, Australia and South America, Europe and Africa.
You can see China poised to be really strong with refining capacity by 2032,
with North America being no where close but on par with mining in 2032,
but if we put Australia to one side, blimey here’s another area where you need to be paying attention
to for your next big opportunity. And that’s South America which is forecasting over 900
tonnes of LCE by 2032 which is just massive and significantly ahead of all the other regions.
But that would be the subject of another video. So despite the stalemate in North America, it
is important to pay attention to the winners and start banking on them before it becomes too late.
So in this video, I share with you updates on one solid lithium stock, which covers both
the mining and refining streams of lithium, is making big leaps with its North American
refining and is bound to make millionaires in the years to come. And given where the markets are,
there couldn’t be a better time to grab some of these stocks on the bargain.
So please stick around to get these latest on this gems, as you wouldn’t want to snooze on it.
And if you want to keep up to date with the latest insights on the world of lithium and
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That said please drop a quick like on the video and hit the bell, so we can get talking about
Livent Corp (LTHM) which is now sitting at $23.45 per share with a market cap of $4.2bn.
A favorite of the channel, which we’ve been talking about for a while now which has started
the year very nicely and being up by 23%. And when you look at it over the 12m horizon, you
notice that they recently hit lows of $18/19 per share which gives us some good dips to top up on.
So as we always aim to buy low and sell high, the current price levels are decent
entry points given the upside opportunity which they represent. So here’s what’s new with Livent.
Livent Completed their North Carolina Expansion of the Largest Lithium Hydroxide Production Site
in the United States. In November, they opened the first of several major expansions of the company's
operations around the world, significantly boosting their lithium hydroxide production
capacity in Bessemer City, North Carolina, a birthplace of lithium-ion battery technology
and an increasingly important supply hub for the growing electric vehicle (EV) industry.
Livent's leading footprint in North America positions them to take advantage of long-term
growth opportunities and downstream incentives from the recently enacted Inflation Reduction
Act (IRA), which encourages use of lithium produced or processed in North America.
The expansion in Bessemer City will boost the site's lithium hydroxide manufacturing capacity
by 50%, helping meet the growing demand for EV battery materials produced in the United States.
Paul Graves, their CEO added that "Livent is America's original lithium company, tracing
its roots back to the 1940s. And by cutting the ribbon on their Bessemer City expansion, they open
the next phase of their work to help power the transition to electric vehicles, cleaner energy
and a more sustainable future. "The expansion represents the first new lithium hydroxide
production facility in North America in more than a decade, putting them on target to significantly
increase Livent's production of the high-quality lithium chemicals that their customers need."
And this here, is what makes this lithium refiner as a really really special bet which
is their financials which is a deep sea of green. They announced that they will release
their fourth quarter 2022 earnings on the 14th of February, after stock market close.
But when they announced their 3rd quarter results, their revenue was $231.6 million, up 6% and 124%
from the second quarter of 2022 and the prior year, respectively. So we can expect some strong
results which would get the markets really excited once again. So clearly one not to snooze on.
One analyst at Seeking Alpha states that Liven is Riding A Wave Of Secular Growth. They say Livent
is the world's lithium king, producing high-grade lithium for use in electric vehicles. The global
lithium-ion battery market is expected to grow to $183 billion by 2030, with a CAGR of 18%.
The rise in EVs, integrated charging stations, energy providers, and energy storage systems
is driving up lithium demand. The financial incentives investments in charging infrastructure,
fleet mandates, and so on have all been implemented to promote EV adoption.
So for long-term investors, Livent could be a clear winner.
Livent is a leading producer of lithium compounds like lithium
hydroxide and lithium carbonate. These chemicals have many practical uses,
such as in electric vehicle batteries, electronic device batteries, and grid storage.
Livent operates production facilities in the U.S., Argentina, and China and distributes its products
worldwide. The company is dedicated to providing its customers with the highest quality lithium for
EV and battery use, and as a result, it has become one of the world's leader in lithium technology.
The company's expansion projects continue to make significant headway,
and all planned timelines and capital expenditures are on track. The third quarter saw the completion
of the United States Hydroxide Conversion project (a 5,000 metric ton lithium hydroxide
expansion facility), allowing the company to increase revenue from product sales.
A new 15,000-ton hydroxide facility will be operational in China by the end of 2023, and the
company's lithium carbonate expansion in Argentina will be fully operational after two phases.
Even though the advent of EVs will boost demand generally,
the demand may soon be destroyed by an impending recession. Lithium, is the new oil,
so making Livent Corporation stock is a good long-term investment. Those looking to buy Livent
Corporation stock should have a high-risk tolerance. One clearly not to snooze on.
So some very very interesting insights worth considering for these lithium stocks but only
consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting ev stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top ev stocks
in the comments section below and what other lithium stocks are catching your eyes lately.
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Thank you so much for being here and I look forward to have you in my next video. Thank you