AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Recently, lithium and green metal stocks have caught investors' attention due to companies' commitment to reduce carbon footprints and growing demand for electric vehicles.
- Lithium stocks have experienced a drastic jump in their share prices over the last one year.
- Today, the share price of gold and lithium developer Firefinch Limited soared by 9.574% at AU$1.030 per share on ASX at 3:09 PM AEDT.
Lithium and green metal stocks have remained on investors' radar in recent times, thanks to the transition toward green energy and the growing demand for electric vehicles.
According to analysts, the role of metals in the shift to greater sustainable production and consumption (via electric vehicles) is likely to continue in 2022 and materials sector is well-positioned to benefit from these structural changes.
The three commodities that can be included in the decarbonisation of the world or can be counted as green resources are – Nickel, Lithium and Copper.
Regarding lithium stocks, we see lithium companies have experienced a drastic jump in their share prices over the last year. As per IEA, the global electric vehicle (EV) market is expected to grow to almost 145 million by 2030. Lithium demand for EVs and battery storage is anticipated to surpass 80% of all lithium demand by 2030.
Experts say that every 1% growth in EV market penetration leads to an increase in lithium demand by nearly 70,000 tonnes of lithium carbonate equivalent (LCE) /year.
Let us have a look at some Lithium and green metals stocks - Core Lithium (ASX:CXO), Firefinch Limited (ASX:FFX), AVZ Minerals Limited (ASX:AVZ), IGO Limited (ASX:IGO), and Western Areas Limited (ASX:WSA).
Which ASX Lithium Stocks gave over 100% yearly returns?
Core Lithium Ltd (ASX:COX)
The shares of Core Lithium Ltd were spotted trading 0.779% lower at AU$1.275 per share on ASX at 2:50 PM AEDT today. Over the past 12 months, Core Lithium shares have gained almost 507%, while the stock is up 102.38% year-to-date (YTD).
Core Lithium Ltd is an ASX-listed mineral exploration company and emerging lithium producer which wholly owns the Finniss lithium project. The company had recently announced that it would supply electric car-maker Tesla with up to 110kt of spodumene concentrate for over four years.
Image Source: © Flynt | Megapixl.com
Firefinch Limited (ASX:FFX)
Today, the shares of gold and lithium developer Firefinch Limited soared by 9.574% at AU$1.030 per share on ASX at 3:09 PM AEDT. This was after the company revealed that it has secured a mining licence, paving the way for mining at the Beledjo-Koting Deposit, which contains 20,000 ounces of gold in a Probable Ore Reserve.
The exploration licence is granted to Firefinch's subsidiary Birimian Gold Mali SARL.
The share price of Firefinch Limited has gained over 390% in the last 12 months, while the stock is 11.96% on YTD. The company has a market capitalisation of AU$1.10 billion.
Read More: Polynovo (ASX:PNV) shows uptrend after shedding 58% in a year
AVZ Minerals Limited (ASX:AVZ)
The shares of AVZ Minerals Limited were spotted trading 1.620% lower at AU$1.215 per share on ASX at 3:33 PM AEDT today. The shares of AVZ Minerals have gained almost 505% over the last 12 months, while the stock is up 38% on YTD.
AVZ Minerals Limited is an ASX-listed mineral exploration company that is also involved in the development of the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC) in central Africa. The Group had expressed its commitment toward zero emissions at the Manono project.
IGO Limited (ASX:IGO)
IGO Limited shares traded 1.322% lower at AU$13.815 per share on ASX during the intraday trading session. IGO shares have gained 119.90% in the last one year, while the stock is 16.15% high on YTD. Last year, IGO Limited (49%) and Tianqi Lithium Corporation (51%) incorporated a new Joint Venture (JV), focussing on developing and operating world-class lithium assets. The company has a market capitalisation of AU$10.60 billion.
Read More: Australians borrow more via BNPL, payday lenders as living costs spike
Western Areas Limited (ASX:WSA)
The shares of Western Areas Limited were spotted trading at AU$3.630 per share on ASX at 3:54 PM AEDT. The company has a market capitalisation of AU1.16 billion.
Western Areas Limited is an ASX-listed company that develops high-grade nickel mines. The shares of Western Areas Limited have gained almost 77% in the last 12 months, while the stock is up approximately 6% on YTD.
