Five ASX-listed lithium stocks for October

Highlights

  • Investors are chasing lithium stocks amid the soaring demand for electric vehicles.
  • Several ASX-listed lithium players have delivered multi-fold returns in the last one year.
  • The rally in lithium stocks seems far from over, as the demand for EVs is expected to increase to 26 million units by 2030.

The electric vehicle (EV) market is booming with unprecedented demand. This growing popularity has accelerated the demand for parts required to assemble an EV, including lithium batteries. Lithium batteries are safe to use and can be recharged over and over.

The boom in the EV segment has led to increased investor attention towards lithium stocks. Several lithium players are trading near their life-time highs, delivering multi-fold returns to their investors. The rally in lithium shares is expected to continue amid the soaring demand for electric vehicles.

As per market estimates, demand for EVs would hit 26 million units by 2030. 

Related read: Three ASX-listed undervalued lithium stocks

Lithium-Ion Battery Chemistry

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Australia holds one of the world’s largest lithium reserves. Moreover, Australia is the global leader in the export and production of lithium.

On that note, let us flick through five ASX-listed lithium miners that have delivered nearly 200% return in the last one year.    

Lithium stocks, VUL, ORE, PLS, CXO, ASN

Vulcan Energy Resources Limited (ASX:VUL)

When it comes to returns, Vulcan Energy is the leader among its peers. The shares of the Company have provided a return of more than 1000% in the last one year. The Perth-based miner has its lithium brine operations in the Upper Rhine Valley in Germany.

                 

Which are the five ASX-listed lithium stocks to explore in October?

 

Vulcan Energy aims to supply the European market with low-cost lithium in order to make the region independent of foreign imports. The Company recently signed a strategic agreement with Renault Group for the supply of lithium for its EVs.

Related read: Why are Vulcan Energy (ASX:VUL) shares up ~57% in the last 8 sessions?

At the time of writing on 28 September 2021, VUL was trading at AU$13.36 with a market cap of AU$1.65 billion. The Company made an all-time high of AU$16.65 in September 2021.

Orocobre Limited (ASX:ORE)

Orocobre has its presence in Argentina, Japan, and Australia. The Company operates a lithium carbonate processing facility in Argentina. A plant is under the final stages of construction in Japan, which will import lithium carbonate from its Argentinean operation and produce lithium hydroxide, catered to battery manufacturers.

Related read: Orocobre and Galaxy Resources’ merger set to create a lithium giant

Shares of ORE were trading at AU$8.75 with a market cap of AU$5.7 billion midday on 28 September. The shares have given a handsome return of 247% in the last one year.

Electric Vehicle, Lithium Battery, Lithium Stocks

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Pilbara Minerals Limited (ASX:PLS)

Pilbara Minerals operates one of the world’s largest hard rock lithium projects located in the Pilbara region. The Pilgangoora Project is wholly owned by the Company.

PLS extracts low-cost spodumene and tantalite concentrates from the project, located in one of the world’s premier mining jurisdictions.

As of 28 September 2021, PLS stock was trading at AU$2.05 with a market cap of AU$6.13 billion. The shares of the Company have given an impressive return of 583% in the last one year.  

Also read: What’s latest with these three ASX lithium penny stocks?

Core Lithium Limited (ASX:CXO)

Core Lithium Limited operates one of the most advanced lithium projects in Australia. The Finniss Lithium Project is located near Darwin Port in the Northern Territory. The Company enjoys the Federal Government support, as its wholly owned project has been given a Major Project Status.

The shares of CXO were trading at AU$0.407 with a market cap of AU$626.9 million midday on 28 September. CXO has given an astonishing return of 853% in the last one year to its shareholders.

Anson Resources Limited (ASX:ASN)

Anson Resources operates the Paradox Brine Project in Utah and the Bull Ni-Cu-PGE Project in Western Australia. The Company is conducting a prefeasibility study on the Paradox Project, scheduled for completion in the second half of 2021.

As of 28 September 2021, ASN stock was trading at AU$0.089 with a market cap of AU$87.17 million. The share of ASN have given an impressive return of 190% in the last 52-week period.

Related read: Three exciting ASX-listed lithium stocks under AU$1

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