The future of energy relies on lithium, it’s time to look at American Lithium stocks — the driving force behind electric vehicles (EVs) and a key element in the world’s push for greener technologies. With EVs on the rise and more governments pushing for cleaner energy, American companies are ramping up efforts to meet the skyrocketing demand for lithium. Here’s why Albemarle (NYSE: ALB) and Arcadium Lithium (NYSE: ALTM) are two stocks that could be worth your attention.
1. Albemarle Corporation (NYSE: ALB)
Market Cap: US$10.27 billion
Share Price: US$87.42
Albemarle is a giant in the lithium world and has been a critical player in producing lithium for years. As demand for EVs continues to grow, Albemarle is actively expanding its production to make sure it can meet that demand.
- Expanding U.S. Production: Albemarle’s production at Silver Peak in Nevada is set to double by 2025, and the company is bringing back its Kings Mountain mine in North Carolina. This is great news for domestic lithium supply as the U.S. government pushes for stronger energy independence.
- Global Leadership: Albemarle isn’t just focused on the U.S. They’re expanding their reach globally, especially in Chile, where new technology allows them to extract lithium more efficiently, and in Australia, where they’ve partnered with Mineral Resources to ramp up lithium production.
The company is making all the right moves to secure a solid future in lithium, making it a stock to watch.
2. Arcadium Lithium (NYSE: ALTM)
Market Cap: US$6.3 billion
Share Price: US$38.15
Arcadium Lithium, born from a huge merger between Livent and Allkem last year, is shaping up to be a major player in the lithium industry. With a production capacity of 248,000 metric tons of lithium carbonate equivalent, they’re positioning themselves as a global leader in the lithium market.
- Expanding Operations: Arcadium is heavily invested in projects across Argentina and Australia, where the company is working on some of the most promising lithium reserves, including the Salar del Hombre Muerto site in Argentina.
- Building Key Partnerships: What sets Arcadium apart is its ability to secure long-term partnerships with industry giants like Ford, Hyundai, and LG Energy. These deals guarantee Arcadium a role in supplying lithium for the future of electric vehicles.
- Technological Innovation: Arcadium is pushing forward with direct lithium extraction (DLE) technologies, which reduce water usage and are much more environmentally friendly. This innovation could make Arcadium a leader in sustainable lithium production.
Why Invest in Lithium Now?
The future is clear — lithium is going to be a critical component of not just EVs, but many aspects of the green energy revolution. The companies that produce and refine lithium efficiently will be the ones driving the market. With Albemarle expanding its U.S. and global operations and Arcadium betting big on new technology and strategic partnerships, these two stocks are well-positioned for growth.
Whether you’re new to investing or a seasoned pro, these companies offer exciting opportunities as we move towards a future that’s cleaner, greener, and powered by lithium.
