In this article, we highlight the Top 8 Lithium Stocks to Buy Now.
The global lithium market has been in the spotlight ever since it became clear that vehicle electrification will require a significant volume of lithium-ion batteries. The expected surge in demand from the EV market is the catalyst behind the 18.2% compound annual growth rate being experienced in the market.
Similarly, Grand View Research projects that the lithium market will be worth $74 billion by 2030, up from $28 billion in 2024. While the Asia Pacific dominates the market with the largest revenue share at 47%, the US is home to the largest number of lithium consumers. The US government is also increasingly investing in domestic lithium production as it seeks to reduce its reliance on Chinese supplies.
The increased investments come as lithium has emerged as a crucial resource in the transition to renewable energy, owing to its role in electric vehicles and energy storage systems. The tightening of supplies amid growing demand is also proving to be one of the catalysts expected to drive lithium prices higher.
The suspension of key lithium production in China is also likely to have a significant impact on prices, as the mine accounts for approximately 4% of the global lithium supply.
“Depending on the length of the Jianxiawo outage, and if there are any further disruptions elsewhere, the market is likely to move closer to balance in the remainder of the year, bringing upside risk to prices,” Amy Gower, a commodity strategist at Morgan Stanley, said.
With that in mind, let’s take a look at the top companies poised to benefit amid an expected surge in lithium prices.
Our Methodology
To compile our list of top lithium stocks to buy now, we used the Finviz screener and various ETFs. We scanned for companies involved in lithium mining and supply, lithium-ion battery sales, or technologies related to battery operations. We then mentioned the hedge fund sentiment as per Insider Monkey’s database of Q2 2025. Finally, we ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Top Lithium Stocks to Buy Now
8. Critical Metals Corp (NASDAQ:CRML)
Number of Hedge Fund Holders: 12
Critical Metals Corp (NASDAQ:CRML) is one of the top lithium stocks to buy now. On August 26, the company signed a letter of intent for an offtake agreement with Ucore Rare Metals, a leader in rare and critical metal resources.
Under the terms of the agreement, Critical Metals is to supply up to 10,000 metric tons of rare earth concentrate from its Tanbreez Project. The concentrate is to be used as feedstock for Ucore’s rare earth element processing facility.
While Ucore and Critical Metals are focused on lessening China’s grip on the rare earth ecosystem, they also remain focused on meeting the growing demand for rare earths and addressing national security challenges.
“Critical Metals Corp’s Tanbreez offers tremendous opportunities for Ucore given the significant concentration of heavy rare earths it contains, which are essential for our processing facility in Louisiana, and our downstream partners,” said Pat Ryan, Chairman and CEO of Ucore.
Critical Metals Corp (NASDAQ:CRML) is a mining exploration and development firm focused on identifying and advancing deposits of lithium and rare earth elements. It is developing the Wolfsberg Lithium Project in Austria, which is Europe’s first fully permitted lithium mine, to become a significant supplier of lithium products for the European market. The company focuses on mining critical minerals essential for electrification, such as lithium for batteries, as well as other strategic metals, including rare earth elements.
7. Atlas Lithium Corporation (NASDAQ:ATLX)
Number of Hedge Fund Holders: 3
Atlas Lithium Corporation (NASDAQ:ATLX) is one of the top lithium stocks to buy now. On August 25, the company confirmed the discovery of rare earth mineralization grades of up to 28,870 ppm total rare earth oxide. It also announced it has achieved 96.6% graphitic carbon.
The impressive results were at the Alto do Paraíba Project, which covers 27,734 hectares across 16 mineral rights. At the Malacacheta Project, spanning 1,258 hectares, the company reported graphite mineralization with final concentrate grades reaching 96.5% total graphitic carbon.
“While we remain laser-focused on advancing the Neves Lithium Project to production, our subsidiary’s achievements in rare earths and graphite create the opportunity for meaningful additional shareholder value,” said Marc Fogassa, Chairman and CEO of Atlas Lithium.
Atlas Lithium Corporation (NASDAQ:ATLX) is a mineral exploration and development company focused on discovering and advancing projects for lithium and other battery and critical minerals in Brazil. The company’s primary objective is to become a key supplier of these essential materials for the green energy and battery industries.
6. Ultralife Corporation (NASDAQ:ULBI)
Number of Hedge Fund Holders: 6
Ultralife Corporation (NASDAQ:ULBI) is one of the top lithium stocks to buy now. The company announced a change in its independent auditor on August 27, following the acquisition of certain assets of Freed Maxick P.C. by Withum Smith+Brown, PC.
The company’s Audit and Finance Committee approved Withum as the new auditor for the fiscal year ending December 31, 2025. Freed Maxick’s prior audit reports for 2023 and 2024 were unqualified, though a material weakness was noted in internal controls for 2024.
Ultralife confirmed there were no disagreements or reportable events with Freed Maxick during the transition period. Additionally, the company did not consult Withum prior to the appointment regarding accounting principles or audit matters. Freed Maxick was provided with the disclosure and issued a confirming letter to the SEC, which was included in the official filing.
Ultralife Corporation (NASDAQ:ULBI) develops and supplies advanced lithium-based power solutions through its Battery & Energy Products segment. Its offerings include 9-volt, cylindrical, and thin lithium manganese dioxide batteries, rechargeable lithium-ion cells, and multi-kilowatt systems, serving both military and commercial needs. Marketed under brands like Ultralife, Lithium Power, and Excell Battery Group, these technologies support global industrial, defense, and consumer markets.
5. Lithium Americas Corp. (NYSE:LAC)
Number of Hedge Fund Holders: 14
Lithium Americas Corp. (NYSE:LAC) is one of the top lithium stocks to buy now. On August 21, the company’s subsidiary, Lithium Nevada, awarded CB&I a large contract for procurement, fabrication, and construction.
Under the terms of the agreement, CB&I is to install 36 flat-bottom atmospheric tanks at the Thacker Pass project. The atmospheric storage tanks are designed to store various process solutions, chemicals, and products used in multiple stages of lithium extraction from clay deposits.
“CB&I’s expertise in large-scale storage infrastructure for complex industrial processes that require precise specifications and reliability makes them a great fit for Thacker Pass,” said Richard Gerspacher, Lithium Americas Executive Vice President and Capital Projects. “CB&I’s proven track record, global expertise, and experience with industrial storage solutions make them an ideal partner for this critical infrastructure component to support North America’s largest lithium mining project.”
Lithium America is intensifying its development of the project to meet the growing demand for lithium required to power batteries.
Lithium Americas Corp. (NYSE:LAC) is an exploration and mining company developing the Thacker Pass project, which is the world’s largest lithium mine. The project is positioned to supply battery-quality lithium carbonate for the electric vehicle and energy storage markets.
4. Sociedad Quimica y Minr de Chile SA (NYSE:SQM)
Number of Hedge Fund Holders: 21
Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is one of the top lithium stocks to buy now. On August 26, BofA Securities reiterated an ‘Underperform’ rating on the stock but increased the price target to $43.50 from $36.50.
The price target follows Sociedad Quimica y Minera de Chile stock rallying 28% in August, compared to a 16% increase in spot lithium carbonate prices in China. The rally comes as the stock’s sentiment has improved significantly, with the sector shifting from bearish to bullish. The company delivered impressive second-quarter results, with earnings per share of $0.79, better than the expected $0.58. Revenues reached $2.08 billion, surpassing the expected $1.08 billion.
According to BofA Securities, the significant price increase in Lithium Carbonate is a positive for the industry, as it has triggered upward earnings revisions and short covering on the stock. Nevertheless, the research firm maintains an underperform rating, as it is concerned that the lithium price upside depends on additional Chinese supply cuts.
Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is a Chilean chemical company that supplies plant nutrients, iodine, lithium, and industrial chemicals. It is the world’s biggest lithium producer. It produces lithium carbonate and lithium hydroxide, which are used in the production of cathode material for secondary batteries; lithium chloride; and basic lithium chemicals and lithium derivatives used in lubricating greases.
3. Sigma Lithium Corporation (NASDAQ:SGML)
Number of Hedge Fund Holders: 22
Sigma Lithium Corporation (NASDAQ:SGML) is one of the top lithium stocks to buy now. On August 26, BofA Securities initiated coverage of the stock with a “Buy” rating and a $12 price target. The research firm resumed coverage, impressed by improvements in the spodumene market.
BofA Securities expects significant improvements in the spodumene market in the second half of the year, which Sigma Lithium will capitalize on. The is a crucial part of the lithium supply chain, driven by increasing demand for electric vehicle (EV) batteries.
The research firm also expects CATL’s production cuts to have a positive impact on lithium prices, which will benefit Sigma Lithium. Although the company is not yet profitable, expectations are high that it will achieve profitability by the end of the year.
Sigma Lithium Corporation (NASDAQ:SGML) produces and sells high-purity, environmentally sustainable lithium concentrate from its integrated hard-rock mine and beneficiation complex in Minas Gerais, Brazil, to power electric vehicle (EV) batteries.
2. Enovix Corporation (NASDAQ:ENVX)
Number of Hedge Fund Holders: 24
Enovix Corporation (NASDAQ:ENVX) is one of the top lithium stocks to buy now. On August 27, Enovix Corp announced that its AI-1 smartphone battery was validated by Polaris Battery Labs as the highest energy density cell ever reported for a smartphone.
First introduced in Q2 2025, the AI-1 platform utilizes advanced materials and automated manufacturing to deliver rapid charging, achieving 20% in 3.8 minutes and a full charge in under 40 minutes. With shipments already made to a third major smartphone OEM, Enovix signals strong commercial readiness and aims to capture a significant share of the multi-billion-dollar smartphone battery market.
While the announcement highlights major technological and market potential, it also includes forward-looking statements subject to risks and uncertainties. Analysts view the validation as a promising milestone that could drive demand and revenue growth, but caution that actual outcomes may vary. Enovix’s innovation and patent strength position it well, though success will depend on navigating competitive and operational challenges ahead.
Enovix Corporation (NASDAQ:ENVX) is a leading provider of advanced lithium-ion battery technology. Its proprietary cell architecture is designed to deliver higher energy density and improved safety. Its technology also enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage.
1. Rio Tinto Group (NYSE:RIO)
Number of Hedge Fund Holders: 31
Rio Tinto Group (NYSE:RIO) is one of the top lithium stocks to buy now. On August 27, the company’s new CEO, Simon Trott, initiated a restructuring drive aimed at focusing on the most profitable assets.
In addition, the restructuring drive aims to simplify Rio Tinto’s structure, focusing on reducing costs as Lithium and iron prices decline. The company has also considered selling its titanium unit due to weak processes and low returns.
The restructuring drive splits the company into three core business units, with Mathew Holcz heading the iron ore division. The other two divisions will focus on aluminum, lithium, and copper. Jerome Pecresse will oversee operations in the aluminum division and also assume responsibility for lithium.
Rio Tinto Group (NYSE:RIO) operates in the lithium sector, supported by projects such as the Rincon brine project in Argentina and the Jadar project in Serbia. Through its significant acquisition of Arcadium Lithium, Rio Tinto has become a global leader in lithium production, leveraging innovative technologies such as direct lithium extraction (DLE) to reduce environmental impact and sustainably supply materials for electric vehicles and energy storage.
While we acknowledge the potential of RIO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about this cheapest AI stock.
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