Big upside in cheap lithium stocks is a product of rapidly growing demand. Lithium, aka white petroleum, is an important metal used in the production of electric vehicle batteries. According to Grand View Research, the overall market is expected to grow at a compound annual rate of 12% between 2022 and 2030.
Automobile manufacturers are investing heavily in EV development, signaling lithium producers to identify viable resources as quickly as possible.
In turn, investors have realized that lithium stocks have the inherent potential to produce outsized gains. All of these cheap lithium stocks to buy for big upside possess that same potential.
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