5 High-Growth Lithium Stocks to Buy

3. Tianqi Lithium Corporation (9696.HK)

YoY Growth in Revenue for the Most Recent Reported Quarter: 516.3%

Tianqi Lithium Corporation (9696.HK) is a renowned Chengdu, Sichuan province-based Chinese lithium company known for extracting lithium concentrate along with the production of advanced lithium specialty compounds.

The fully integrated lithium company has a presence in key asset bases in Australia, Chile, and China and is considered a leading name in the development of lithium-ion batteries. According to Benchmark Mineral Intelligence, the global battery industry is expected to remain constrained. The demand for lithium carbonate in 2023 is expected to be around 910,000 lithium carbonate equivalent (LCE). Meanwhile, the supply is expected to be around 900,000 LCE. The shortfall is anticipated to increase to 300,000 LCE by the end of this decade as demand is expected to surge to 2.7 million LCE.