3 Lithium stocks to explore in Q1 2023 - Kalkine Media

December 20, 2022 12:25 PM GMT | By Abhishek Sharma
Follow us on Google News:

Highlights:

  • Lithium's role becomes crucial because the world is presently at crossroads regarding climate change.
  • The rising number of electric vehicles also means the lithium requirement is also rising.

The shift to electric vehicles (EVs) has hastened in recent years amid the rising cost of petrol and diesel. People look at long-term running costs even as they have to pay more for EVs. However, there are concerns that even after gaining a lot of popularity, EVs may not be able to end the reliance on fossil fuels.

According to a report citing a senior Toyota executive, a "silent majority" of car companies are concerned over the future of EVs, wondering whether the battery-operated vehicles are enough to be a single option.

While there's pressure on automakers to go green, the industry is struggling to do so, primarily because of the supply chain issues and complex processes that keep the cost of manufacturing an electric vehicle high.

 SGML and SLI: 2 TSXV lithium stocks to buy in April

Image source: © Dashark | Megapixl.com

Besides, the rising number of electric vehicles also means an increasing requirement for lithium, a metal used in batteries. The metal's role becomes even more critical because the world is at crossroads at present regarding climate change.

Let us look at some Lithium-related stocks listed on the LSE and explore their investment prospects in the current scenario, especially when carmakers are taking more interest in battery-powered vehicles.

AMTE Power Plc (LON: AMTE)

The FTSE AIM-listed firm is among the leading lithium-ion battery cell manufacturers in the UK. The company has been in business for over 30 years and produces the cells at its factory in Scotland. AMTE's share price stood at GBX 56.00 as of 9:00 am GMT on 20 December 2022. The company has a market cap of £20.29 million, and its EPS (earnings per share) is in the red at -0.13. Its one-year return stood at -62.67% at the time of writing.

Zinnwald Lithium Plc (LON: ZNWD)

Zinnwald Lithium is in the business of exploring industrial metals like lithium through its Zinnwald Lithium Project in Germany. A constituent of the FTSE AIM All-Share presently holds a market cap of £20.24 million, while the EPS is negative at -0.01. The stock traded 1.45% lower at GBX 6.80 as of 9:05 am GMT on Tuesday. At the time of writing, ZNWD's one-year return stood at -57.58%.

Kodal Minerals Plc (LON: KOD)

Kodal Minerals is an FTSE AIM All-Share constituent which works in the exploration of base metals. It currently boasts a market capitalisation of £37.19 million and an EPS of 0.00. The stock's 12-month and year-to-date returns stood at GBX -24.56% and -31.94%, respectively, at the time of writing. The stock was trading at GBX 0.22, down 2.27% as of 9:09 am GMT on Tuesday.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.



Top LSE Listed Companies