5 Best Lithium Stocks to Buy Now

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In this article, we discuss the 5 best lithium stocks to buy now. If you want to see more stocks in this list, head to 10 Best Lithium Stocks to Buy Now.

5. Piedmont Lithium Inc. (NASDAQ:PLL)

Number of Hedge Fund Holders: 11

Piedmont Lithium Inc. (NASDAQ:PLL) is an American company that explores and develops lithium projects. The company owns two properties in North Carolina that cover thousands of acres in the area. It is headquartered in Belmont, North Carolina.

An often under appreciated fact about Piedmont Lithium Inc. (NASDAQ:PLL) is that it has an agreement with a Canadian company to buy Lithium from a Canadian mine at a rate of $900 per metric tonne. This is significantly below current market prices for the mineral and stands to provide it with significant gross profit especially as current market prices are high due to EV demand and Chinese uncertainty. This facility, which is located in Abitibi, Quebec, is slated to enter production in the first quarter of next year.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 11 had invested in Piedmont Lithium Inc. (NASDAQ:PLL). Cowen kept a $90 share price target for the company in June 2022, stressing that the company has significant potential to grow its operations in the U.S.


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