Sector Update: Are lithium stocks one to watch?

Lithium stocks are moving up from a multiple-year low, and here is what you need to know from moomoo Market Strategist Jessica Amir.

Shares in lithium companies like:

Are all on the move up and bets are now on that lithium price could potentially start to recover earlier than expected.

World’s biggest lithium company Albemarle, said that lithium prices down 85% from their record highs, and these levels could be unstainably sustainable.

EV demand is also expected to grow 30% year on year, and lithium demand is expected to meet supply, which could keep prices as they are. However, that’s not certain, as lithium are set to reduce this year with some lithium companies stopping production to cut costs.

Here's what Jess had to say about lithium. Happy trading!