Lithium Stocks List: 5 Biggest Lithium Stocks

4. Livent Corporation (NYSE:LTHM)

Number Of Hedge Fund Holders: 31 

Livent Corporation (NYSE:LTHM), a fully integrated lithium company, manufactures lithium for use in a range of lithium products, which are used primarily in lithium-based batteries, specialty polymers and chemical synthesis applications.

Earlier this October, B. Riley analyst Matthew Key assumed coverage of Livent Corporation (NYSE:LTHM) with a Neutral rating and price target of $32, up from $30. Key argues that lithium has been the best-performing commodity since the start of 2021 and the strong outlook for electric vehicle sales will support robust pricing over the near term. However, due to a healthy pipeline of lithium growth projects, the analyst expects gradual declines in pricing as supply/demand approaches equilibrium by the end of 2025.

At the end of Q3 2022, 31 hedge funds held stakes in Livent Corporation (NYSE:LTHM) worth $360 million. This is compared to 30 positions in the previous quarter with stakes worth $294 million. Joho Capital is the top investor in Livent Corporation (NYSE:LTHM) and has a position worth $91.2 million in the company as of Q3 2022.

Here is what First Pacific Advisors had to say about Livent Corporation (NYSE:LTHM) in its third-quarter 2022 investor letter:

“Livent Corporation (NYSE:LTHM) is an integrated, low-cost lithium miner and processor that was spun out of FMC Corporation in 2018.9 Lithium is an essential component of electric vehicle batteries, is chronically undersupplied and spot Lithium Carbonate continues to hit new highs even as other commodity prices have come down. 10 Livent is currently running at roughly breakeven profitability, but our work suggests they will benefit from rising Lithium prices and credible capacity expansion plans. This is an unusual investment for us – we are generally wary of our ability to forecast commodity markets and we have sized the Livent position commensurately.”