5 Most Profitable Lithium Stocks Now

In this article, we will discuss the 5 most profitable lithium stocks now. If you want to see more companies in this selection, go to the 10 Most Profitable Lithium Stocks Now.

5. Pilbara Minerals Limited (PLS.AX)

TTM Net Income: $1.14 billion (A$1.69 billion)

Pilbara Minerals Limited (PLS.AX) is a West Perth, Australia-based pure-play lithium company that has the distinction of owning the biggest independent hard-rock lithium operation in the world in Western Australia.  The resource is only 120km away from Port Hedland and is responsible for producing concentrates of spodumene and tantalite.

The Pilgangoora Project is considered one of the most vital lithium deposits in the global lithium supply chain. Earlier in February 2023, the company revealed that it has 200,000 tons of spodumene to sell. Pilbara Minerals Limited (PLS.AX) has reached an agreement with a chemical converter that will buy 15,000 tons of spodumene from the company during the first three months of 2023.