5 Best-Performing Lithium Stocks for February 2024

Looking for lithium stocks? Check out our list of the top performers.
Alana Benson
By Alana Benson 
Updated
Edited by Pamela de la Fuente

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What are lithium stocks?

Lithium stocks are publicly traded companies involved in mining, processing or working with lithium, a critical material for manufacturing batteries used in laptops, cell phones and electric vehicles, or EVs.

With demand for all of these products surging, so is the demand for lithium.

Best lithium stocks

Below are the five best-performing lithium stocks that are members of the Solactive Global Lithium Index and trade on major U.S. exchanges, ordered by one-year performance.

In order to buy lithium stocks, you’ll need a brokerage account. Check out our roundup of the best online brokers for stock trading.

Ticker

Company

Performance (1 Year)

ENVX

Enovix Corporation

22.34%

ENS

Enersys

21.65%

TSLA

Tesla Inc

12.38%

RIVN

Rivian Automotive Inc

-15.13%

QS

QuantumScape Corp

-15.19%

Source: Finviz. Stock data is current as of market close on January 31, 2024, and is intended solely for informational purposes.

Lithium stock ETFs

Picking individual lithium stocks can be fairly risky. But investing in a lithium stock-heavy exchange-traded fund, or ETF, can give your portfolio exposure to lithium with less risk. Lithium ETFs include a basket of stocks related to the lithium industry. One of these ETFs is the Global X Lithium & Battery Tech ETF (LIT). LIT invests in companies that span the lithium production cycle, such as mining, refining and battery production.

If you want complete control over which companies you’re investing in, individual stocks, while riskier, may be more attractive to you.

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Neither the author nor editor held positions in the aforementioned investments at the time of publication.
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