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At this point in time, lithium is one of the more important mineral resources in the world and for good reason too. It is a vital component for powering the tech sector, including such massive sectors as electric vehicles and mobile phones. Naturally, more and more investors are now getting increasingly interested in the sector and that hardly comes as a surprise. There are many companies in the lithium sector that may be worth tracking at this point in time and this article is going to give you a quick look into three companies from the sector.

Lithium Americas (NYSE:LAC) – The first lithium sector stock to make it to the list is Lithium Americas, which has been working aggressively in order to boost its market share. It has already completed a major project in Argentina but Lithium Americas is still continuing to acquire new entities in the sector.

The company is focused on capitalizing on the rising demand for lithium from the electric vehicle and other sectors. Not too long ago, it had completed the acquisition of Millennial Lithium. On the other hand, it went into collaborations with Green Technology Metals of Australia and with Arena Minerals. At this point, its biggest lithium mining project is going to be the Thacker Pass project.

Piedmont Lithium (NASDAQ:PLL) – Although Piedmont Lithium is still at a pre-revenue stage as a company, it should be noted that the company is an interesting one. It is involved in the production of lithium hydroxide. The lithium hydroxide market is growing at a fairly impressive clip and in the years from 2022 through to 2029, it is expected to grow at a compound annual growth rate of as much as 10.6%.

That significant considerable potential makes Piedmont an interesting proposition for those involved in the lithium hydroxidesector. In addition to that, the company is also working on the development of a pair of lithium projects in North Caroline, and the projects are expected to start generating cash in the next two years.

Livent (NYSE:LTHM) –  If you are looking for a pure-play lithium bet then Livent may well be the one worth looking into. The company produces lithium in Argentina at a humongous scale and more importantly, the margins are handsome as well.

Over the course of the past five years, Livent has managed to improve its EBITDA and revenues by 66.6% and 11.9% respectively. The company currently produces 20,000 metric tons of lithium a year and is looking to boost it to 100000 metric tons by 2030.