Lithium market surges for investors

Lithium has been overly expensive this year as the industry has hit limits on capacity to refine raw materials into chemicals.

The battery supply chain is scouring every available corner to find new sources of lithium raw materials. Prices of refined lithium carbonate have more than doubled from the start of the year in China and rose to a new record of $81,349 a ton recently.

Areas such as the South American lithium triangle including, Bolivia, Argentina and Chile account for about 56 percent of the world's 89 million tonnes of identified lithium resources, according to the US Geological Survey.

Lithium companies to watch

• Albemarle - North Carolina-based Albemarle is the world’s largest provider of lithium for electric vehicle batteries.
• SQM - Sociedad Química y Minera de Chile is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium and industrial chemicals.
• Lithium Americas - Lithium Corporation of America is a mining company which mined lithium-bearing spodumene and pegmatite ores.

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