5 Best ASX lithium stocks 2022 :
The best asx 2022 lithium stocks have been hailed as “the new gasoline” and “the new oil” and for good reason: battery consumption and production are increasing exponentially, with the potential to radically change the way we power the batteries. things for the next few decades. .
And while many investors are focusing on the biggest names in electric cars (like Tesla Motors (NASDAQ: TSLA) and Panasonic).
Let’s talk about the top 5 Australian ASX lithium stocks to buy in 2022.
5 Best ASX lithium stocks 2022 | Lithium stocks that could explode in 2022, 2023
Lithium stocks go up and down every day, but this is a long-term investment, and there are 5 top Australian ASX lithium stocks that are definitely worth buying in 2022; and I have explained them all in detail and why you should buy these lithium stocks.
1. Lake Resources Ltd (ASX: LKE)
It’s our top pick in 2022. It has the potential to see some very good numbers when it becomes the next lithium producer to come online after Galaxy Resources, Pilbara Minerals and Altura Mining. After recently announcing a purchase agreement with German specialty chemicals company LANXESS AG (ETR: LXS), LKE is poised to be taken seriously by the market. LKE is a lithium company that has been around since 2005 but remained under the radar until early 2018. In 2012, management was forced to sell its assets when it became clear that its brine extraction technology would not would not be marketed. at any time.
In 2017, LKE successfully raised A$8 million and bought out the original brine assets. Brine mining is exactly what OTOCORB did, and it is now one of Australia’s largest lithium producers with a market capitalization of A$1.24 billion. In 2018, LKE purchased another brine asset near Greenbushes in WA for A$6 million. They have now entered into a binding purchase agreement with a division of LANXESS AG (ETR: LXS), a German specialty chemicals company. LKE is an intermediate producer with an estimated production of 18,000 tonnes of LCE per year as of 2020.
In our opinion, LKE has not received enough attention from the market. For a company with many short-term catalysts, it’s grossly undervalued. For this reason, we believe that LKE will be a good lithium investment in 2022.
2. Core Lithium (ASX: CXO)
Investing your money in CXO would be a great option in terms of the returns you can get from it. The reason for this is that when you look at the company’s financial performance, you find that it has increased quarter on quarter and year on year. So if you invest your money now, chances are that over the next few years your investment will grow.
CXO’s share price is AUD $1.35 at the time of writing and you have seen outstanding growth in this company’s stock. It is growing every day and big profits are expected in 2022 due to its big plans. Therefore, investors can not only earn decent returns now but also in the future with CXO.
3. Lithium Australia (ASX: LIT)
LIT is a lithium stock that is looking good for investors. It recently acquired two new projects, one in Australia and one in Canada, which together have the potential to double the company’s total production. It all started in 2005, when LIT was known as ADX. In 2010, it changed its name to Lithium Australia NL and began exploring lithium in Canada under the supervision of Dr. James Nelson of the University of British Columbia. LIT began looking for opportunities in Australia by acquiring Jervois Mining Ltd, which focuses on the hard rock sector with a single asset.
Moreover, the company also has a market capitalization of around $1 billion. However, in 2013, LIT’s fortunes changed when it acquired the PLS project from Galaxy Resources Ltd, majority owned by mining tycoon Clive Palmer. This project contains a large portion of the country’s known lithium resources and approximately half of the world’s known spodumene resources.
In 2014, LIT went one step further by acquiring its flagship project in Lake Taldy, Queensland from Mineral Deposits Limited. The project is a hard rock lithium deposit and contains one of the highest quality hard rock lithium deposits currently being explored in Australia or North America.
This project has the potential to reach a production of 40,000 tonnes and is at a very advanced stage of development. This can be developed in stages, with a first start in 2020. In addition, LIT has recently made its latest acquisitions by acquiring Lithium Power International Limited (Lithium Power) and e-Cobalt Solutions Inc. (e-Cobalt).
4. Arizona lithium (ASX: AZL)
Our new pick to buy the best lithium stocks in 2022 is Arizona Lithium (ASX:AZL). This company has done very well over the past two months with a 52-week high of $0.20 and a 52-week low of $0.04. This company was founded in 1969 (you can trust them). Based on the current valuation, the fair value of this stock is $0.21 estimated by Morningstar Quantitative, but some forecasts indicate that it could easily reach $1 AUD.
Our forecast for the price of AZL is AUD$0.38 by the end of 2022. The current price of AZL shares is AUD$0.16.
5. Global Lithium (ASX: GL1)
GL1 is another exploration company and is currently fully focused on its Marble Bar lithium project, the company owns 100% of this project and is located in the North Pilbara Craton in Western Australia. Another project where GL1 owns 80% is Breaker Resources’ Manna lithium project. The two companies are working on this project from 2022. GL1 also signed a 10-year spodumene concentrate contract with Suzhou TA&A Ultra Clean Technology on March 3, 2022.
GL1 stock price is currently at AUD $1.75 with a 52 week high of AUD $2.79 and a 52 week low of AUD 0.24. According to Morningstar, the fair value of GL1 is AUD$2.84. So, you can imagine joining this company for this price is worth it or not.
Will lithium stocks go up
Yes, lithium stocks will surely increase due to many reasons such as increase in demand for lithium, increase in demand for electric cars, where lithium will be used as raw material to produce batteries. In addition to cars, lithium is in high demand in the medical sector and this demand is constant, which means that drugs are needed all the time, so the need for lithium never stops.
Should I invest in lithium stocks
Yes, you should definitely diversify your portfolio by investing in lithium stocks or ETFs that invest in lithium.
The demand for lithium is increasing day by day, according to many leading analysts, the demand for lithium will be around 2 million tons in 2030.
As you know, lithium is used in batteries and the demand for electric cars is increasing, which means the demand for lithium will also increase.
In addition to the top 5 lithium stocks above, keep an eye on the ones below to see massive gains in 2022
List of lithium mining companies in Australia
| Lithium companies | ASX code |
| AVZ Minerals | AVZ |
| Core Lithium | CXO |
| Lake resources | LKE |
| Liontown Resources | LTR |
| Mineral Resources | MIN |
| Orocobre Limited | ORE |
| Piedmont Lithium | PLL |
| Pilbara Minerals | PLS |
| Vulcan Energy | VUL |
| Global lithium | GL1 |
Small cap lithium stocks ASX
- METALS AUSTRALIA (ASX:MLS)
- SHREE MINERALS (ASX:SHH)
- TAMBOURAH METALS (ASX:TMB)
- BRYAH RESOURCES (ASX:BYH)
The stocks mentioned above are related to lithium mining, exploration in a way, that’s why we consider these stocks to be the best Australian lithium stocks with a market capitalization below 15 million. We recommend keeping these actions under the radar.
What this youtuber say about Lithium stocks
FAQ
Should I buy lithium Australia shares ?
Yes, you should buy Australian lithium stocks for various reasons such as the quality of Australian lithium being top notch which means that Australian lithium is in demand because of its quality. The production rate is too high for Australian lithium mining companies. therefore, they can quickly mine and sell lithium in the market and earn money quickly. Therefore, there is a greater chance that Australian lithium stocks will offer better returns compared to lithium stocks in other countries.
Which lithium stock to buy ASX ?
Top lithium stocks to buy on ASX are:
1. Lake Resources Ltd (ASX: LKE)
2. Core Lithium (ASX: CXO)
3. Lithium Australia (ASX: LIT)
4. Arizona lithium (ASX: AZL)
5. Global Lithium (ASX: GL1)
Why are lithium stocks going up ?
The main reason for the rising price of lithium stocks is the growing demand for lithium in the market. This demand is increasing because the demand for electric vehicles is also increasing, and in today’s world, lithium is the main source of energy for batteries used in electric vehicles.
How to buy lithium stocks ?
There are many ways to buy lithium stocks, such as investing directly in lithium mining, exploration companies, or buying ETFs comprised of certain lithium companies. To buy lithium stocks in Australia, Commsec is the best platform if you are investing above $500 AUD or want to invest less than $500 of what you can buy on the superhero trading platform.
Conclusion:
So these are some of the best lithium asx 2022 stocks you can invest in now in 2022. A lot of research has been done on them and they show great potential for growth not only now but also in the near future. . So if you choose one of them today, by the end of 2022, you will see that your money has increased more than expected.
Also, if you want to know the difference between preferred stock and common stock, check out our latest article and if you want to improve your investing skills, read the rich dad poor dad book in our investing section and if you want to see how many tax you have to pay in Australia, so check out our latest article on tax tables.