5 Best Lithium Stocks to Buy Now

2. Livent Corporation (NYSE:LTHM)

Number of Hedge Fund Holders: 30

Livent Corporation (NYSE:LTHM) is an American company that makes and provides lithium compounds for performance specific applications and uses. These include batteries, polymers, pharmaceutical products, and aerospace applications. It is headquartered in Philadelphia, Pennsylvania.

Livent Corporation (NYSE:LTHM) aims to more than triple its lithium production capacity by 2030, and as you’ll find out in our industry introduction in the first part of this post, the industry is slated for strong growth until this time period, allowing the company to capitalize the growth. Its lithium carbonate capacity at kilotons per annum is estimated to sit at 20 kpa by the end of this year and grow to 100 kpa by 2030 end.

CICC set an Outperform share price rating and a $27.30 share price target for Livent Corporation (NYSE:LTHM) in August 2022. 30 of the 895 hedge funds polled by Insider Monkey during this year’s second quarter had invested in the company.

Livent Corporation (NYSE:LTHM)’s largest investor is Robert Karr’s Joho Capital which owns 3.9 million shares that are worth $89 million.