Lithium Stocks in Canada: What to Buy in 2022?

If you’re looking to invest in lithium stocks, Canada is an excellent place to start. Believe it or not, the country is home to some of the world’s top lithium companies and the market for this hot commodity is expected to grow in the coming years. However, it’s essential to do your research before investing, so we’re here to help you gain insight into the industry.

Without further ado, let’s get started!

Lithium Stocks in Canada for 2022

Best Lithium Stocks to Invest in 2022

When researching to invest in lithium in Canada, you’ll see a few company names pop up continuously. Usually, these are the leaders in the industry, providing the best options for investing.

lithium-stocks-canada

1. Orocobre

  • Founded: 2007 in Buenos Aires, Argentina
  • Exchange: TSX
  • 2021 gross revenue: $84.8

First on our list is Orocobre. Amazingly, this company is one of the largest lithium producers on the planet, engaging in lithium exploration, development, and production in Argentina, while also running two mining facilities that produce minerals, refined products, and boric acid.

Orocobre is dual-listed in the Toronto Stock Exchange and the Australian Securities Exchange, amassing more than $6 billion in market capitalization. Moreover, the company’s current lithium stock has affordable pricing of $9.95 and has witnessed a steady increase since its dip in late January 2022, when stock values were $6.21.

So, should you buy their shares?

Considering the different factors we’ve covered and the fact that Orocobre is a prestigious lithium miner, we consider their stocks a safe bet. Additionally, market analysts seem to agree, stating that it could be a lucrative long-term investment, owing to the cheap prices and expected future growth.

2. Lithium Americas

  • Founded: 2007 in Vancouver, Canada
  • Exchange: TSX
  • 2021 gross revenue: $817 million

When searching for Canadian lithium stocks, you’re bound to come across Lithium Americas. This company focuses on advancing lithium projects in the United States and Argentina and trades on both the Toronto Stock Exchange and the New York Stock Exchange.

In the TSX lithium stocks market, Lithium America’s shares are a force to be reckoned with, standing at a price of $37.70 at the time of writing. Moreover, stock values have shown stability for some time, even during the COVID-19 pandemic, where the company experienced a slight decrease before getting back up again.

In May of 2021, the firm’s stock value hit a low of $15. However, it didn’t take long for it to soar afterwards, since in late November share prices reached $52.25.

Furthermore, the firm’s market cap is currently $5.07 billion and it’s expected to rise even more in the future. Therefore, it’s no surprise that experienced investors are coming in waves to buy Lithium Americas’ stock, and you should too!

3. Sigma Lithium

  • Founded: 2011 in Vancouver, Canada
  • Exchange: TSXV
  • 2021 gross revenue: N/A

Undoubtedly, one of the best lithium stocks to buy in Canada comes from Sigma Lithium. The company is currently developing the largest hard rock lithium deposits in the Americas and participates in the global supply chain of electric vehicles by producing 220,000 tonnes of lithium for batteries.

In 2021, Sigma Lithium’s stock value saw fluctuations, albeit maintaining steady increases. At the beginning of 2021, its stock price was $5.07. However, it’s upped to $21.72 at the time of writing. Seemingly, the shares have been rising with the emergence of inflation, which spells profit for the company.

With a market cap of $2.18 billion, Sigma won’t be grasping for straws anytime soon, thus appealing to many investors who claim its stocks offer great returns. As lithium production commences at half scale, this company will begin generating even more income. Therefore, now is as good a time as any for you to join in on the fun.

lithium-stocks-canada

4. Standard Lithium 

  • Founded: 1998 in Vancouver, Canada
  • Exchange: TSXV
  • 2021 gross revenue: N/A

As one of the most popular lithium producers, Standard Lithium currently focuses on developing its flagship project in Arkansas, USA, which is home to North America’s largest brine production fairway. The company delivers an innovative approach to lithium by developing technology for extracting it from brine faster.

Since there are currently no lithium mines in Canada, Standard Lithium is mainly working to revolutionise USA’s production by tapping into its lithium sources and leveraging the existing facility and infrastructure. Its stock value has gone through numerous fluctuations since 2021, with a high of $15.30, while it’s settled at $8.67 at the time of writing.

The company’s market cap is $1.43 billion and, according to investors, provides valuable returns for the price of shares and positive gains of 338.9% in 2021, even in this troubling economy. So, if you want to join Standard when it launches into space, you shouldn’t think twice about buying their shares.

5. Millennial Lithium

  • Founded: 2005 in Vancouver, Canada
  • Exchange: TSXV
  • 2021 gross revenue: N/A

Millennial Lithium’s shares are on the list of top lithium stocks in Canada. With its 20,000 hectares of land in the heart of the Lithium triangle, the company plays a meaningful role in the clean energy revolution and designs for low energy consumption. The firm’s flagship lithium brine project is situated in Argentina, alongside Orocobre and Albemarle.

So, if you’re in the market for lithium penny stocks, Millennial Lithium’s shares would be perfect for you, as they’re currently valued at $3.14. It seems that the pricing hasn’t risen much since the high of $3.86 in November of 2021, which makes it a great opportunity for an investment that won’t break the bank.

Millennial’s market cap sits at $396.2 million with a forecast of growth in the coming years. Investors aren’t selling their stocks, which means there is still a high demand. And looking at the extremely cheap price, who would say no?

6. Neo Lithium

  • Founded: 2016 in Toronto, Canada
  • Exchange: TSXV
  • 2021 gross revenue: N/A

As one of the largest Canadian lithium mining companies, Neo Lithium aims to become the most sustainable lithium producer in the market. Therefore, by establishing an energy-efficient infrastructure, and minimising freshwater consumption and its carbon footprint, the company has the third-highest lithium brine grade worldwide and the lowest critical impurity content.

Regarding their lithium stocks, Neo Lithium’s shares are currently valued at $6.50, which is relatively cheap for a company of this size and stature. Despite inflation and market volatility, its stocks have been in an uptrend since a low of $2.00 in May of 2021. The firm’s market cap sits on a pile of $958.49 million.

So, what’s our verdict?

Well, according to investors, the company delivered returns of 219% in 2021. In addition, considering the upcoming electric vehicle boom, Neo is geared up for success, making their stocks quite a steal.

7. Albemarle Corporation

  • Founded: 1994 in Charlotte, USA
  • Exchange: NYSE
  • 2021 gross revenue: $3.3 billion

The only miner in the top 10 holdings of the lithium ETF market in Canada is none other than Albemarle Corporation. This organisation operates lithium, bromine, and refining catalysts businesses along with taking part of a sustainable supply chain. In 2007, the company created the Albemarle Foundation to make a sustainable difference in the community.

In terms of shares, this lithium company’s stocks are currently valued at a costly $209.67, and that’s after a decrease in value from November 2021, when the price was $283.80. Despite some fluctuations, Albemarle’s stocks haven’t dipped significantly since 2020, showing overall stability. Expectedly, its market cap is a jaw-dropping $24.54 billion!

With such a high price, we can determine that there is quite a demand for Albemarle’s stock. So much so that many investors absolutely refuse to sell their shares following positive earnings and returns. So get on it, but just make sure you don’t go overboard with buying and end up with an empty wallet!

Finishing Thoughts

So, there you have it!

We hope our comprehensive review of the top lithium stocks in Canada will help you make an informed decision on whether or not to invest. With the growing popularity of electric vehicles, it wouldn’t hurt to jump on the bandwagon and profit from the increase of interest!

FAQ

Is lithium a good investment?

Lithium can be a great investment if you know where best to invest. Depending on your buying power, you have many lithium stocks available, with prices as low as $4.

How to buy lithium stocks?

You can purchase Canadian lithium stocks through an online brokerage account and by choosing an investment account. Since this process can be delicate, check out our full guide on buying stocks.

ABOUT AUTHOR

Despite her formal background in linguistics, Maja has always been fascinated by the world of finance. She has spent years and years analyzing the market, including trades, investments, pitfalls to avoid as well as the stock exchange. As of recent, she has been studying some non-mainstream stocks in Canada. When I’m not immersed in numbers, I like to spend time with my dog and plan my next trip.

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