Key Takeaways:

• The increasing demand for electric vehicle and increasing awareness of clean energy has brought many players from this space into the investors’ attention.
• Core Lithium has advanced its development activity of the Finniss Lithium Project in the Northern Territory.
• Sayona has received further approval of the quality of its Authier spodumene product, subsequent positive testing by NOVONIX.

With the revolution of clean energy and electric vehicles worldwide, there is a rise in demand for lithium-ion batteries. Due to this energy revolution, Australia is well-positioned to take advantage of being the largest producer of lithium, ahead of Chile and China in second and third position, respectively. In 2021, Australia produced approx. 55,000 metric tons of lithium, Chile and China have produced 26,000 and 14000 metric tons of lithium, respectively.

With this in mind, it is worth being aware of lithium stocks and how they are performing in 2022. Many ASX-listed players have gained investors’ attention despite the ongoing developments in the renewable or clean energy sector.

In this article, we will look into some companies working well in the lithium space.

Core lithium is an Australia-based mineral exploration company. The Company is engaged in acquiring, exploring, and developing copper, gold, uranium, and iron ore. The Company was founded in 2010 and is headquartered in Adelaide, Australia.

Recent News-

• On 04 April 2022, Core Lithium provided an update on development activities at its Finniss Lithium Project near Darwin in the NT. CXO’s Finniss project has been given Major Project Status by the Australian Federal Government. It is amongst the most capital efficient lithium projects. It has the best logistics chain to markets of any Australian lithium project. It is expected that this project will deliver the world with high-grade and excellent lithium required for lithium batteries used to power EVs and renewable energy storage.

In the announcement, the Company highlighted that development earthworks are as per the timeline, with the establishment of access roads and water pipelines. Water management infrastructure, administration areas, and communication facilities are well advanced.

Further, it expects to complete the dense media separation (DMS) plant pad in April 2022. Post that, the construction of the DMS plant will begin. It will create a way for Primero Group to begin plant construction related work.

• On 02 March 2022, the Company signed a Binding Term Sheet with Tesla to supply lithium spodumene concentrate from Core’s Finniss Lithium Project.

Stock Performance-

In the last one year, the company has given ~475% return. At AEST 2:23 PM, CXO shares are trading at AU$1.315, down 4.711% from the previous close. Its market capitalisation is AU$2.4 billion.

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Headquartered in Paddington, Australia, Sayona Mining Limited (ASX: SYA) is an emerging lithium producer with projects in Québec, Canada, and Western Australia. 

Recent News-

On 04 April 2022, the Company announced that it received further confirmation of the quality of its Authier spodumene product, subsequent positive testing by leading lithium‐ion battery innovator NOVONIX. The product samples were in line and performed equally as well as benchmark LiOH samples in commercial performance tests.

Stock Performance:

The Company showed a 696% increment in its stock price in the last one year. AT AEST 2:52 PM, SYA shares are trading at AU$0.307, down 9.559% from the previous close. Its market capitalization is $2.41 billion.

As the demand for electric vehicles is rising with ongoing development in clean energy, in future we can expect these stocks to grow further.. Hence, it would be interesting to see how these stocks perform in the coming period.

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