Lithium stocks are racing ahead like a Duracell bunny, with the market worth a whopping $7.5 billion (about \u00a35.9 billion) and forecast to grow 12% a year for the rest of this decade. <\/p>
Each electric vehicle (EV) needs around 8kg of lithium to drive on rechargeable batteries. Multiply that by the 145 million EVs predicted to be on the road by 2030, and, well, that\u2019s a whole lot of lithium. <\/p>
Finding the best lithium stocks can be almost as hard as trying to mine the material itself. There\u2019s no way to know which companies will see long-term success. <\/p>
To give you a starting point, here are some of the top constituents in the Stoxx Global Lithium Miners and Producers Index, which is the industry benchmark followed by popular exchange-traded funds (ETFs) like the iShares Lithium Miners and Producers ETF (ILIT).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n