11
Best Lithium Stocks
Best Lithium Stocks of April 2026
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Methodology: How We Score Our Products
At Forbes Advisor, we go beyond listing the year’s top-performing stocks. Past returns don’t always tell the full story or guarantee future performance. For that reason, we consult investment research-based systems to help identify and exclude stocks that may carry higher risks.
Our curated list of the best lithium stocks is built using strict criteria. The stocks outlined above are traded on U.S., Australian or Canadian stock exchanges and meet the following requirements:
All are available for trade on U.S., Australian or Canadian exchanges: Others not listed are either early startups or are companies operating in areas with increased geopolitical risk, outside of the U.S. or Canada.
Analyst consensus of “hold” or better: A high number of “hold” ratings from analysts suggest the stock is worth holding in an existing portfolio without buying more. A “hold” rating on an equity still suggests that it’s a good investment.
Altimeter risk grade of B or higher: Only stocks rated “B” or above for risk by The Stock Altimeter ranking by investment research firm Altimetry are included.
With the Altimeter risk ranking, stocks are assigned letter grades A through F based on an accounting analysis that combs through company financial statements. With the risk ranking, the following factors are considered: accounting anomalies, credit ratings and management sentiment from the most recent earnings calls.
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What Are Lithium Stocks?
Lithium stocks are commodity stocks that mine, refine, distribute, or have substantial exposure to metal as part of their business model.
The nonprecious metal is primarily prized for its value in battery production to create lightweight, energy-dense batteries for electric vehicles, for instance.
While EV manufacturers are one of the largest consumers of lithium, the demand for clean energy technologies will continue to grow as more countries aspire to meet their climate goals, according to the International Energy Agency.
It’s not just batteries for EVs. Energy demands are increasing, placing the spotlight on data centers, with their need for large amounts of energy.
These strong growth drivers for lithium underpin the potential upside from investing in lithium stocks, both directly in terms of mining and manufacturing, as well as related sectors such as battery technology and recycling.
How To Invest in Lithium Stocks
There are a few ways to invest in lithium. One way is owning an individual company exposed to the space. That could mean investing in a lithium mining company or producer and/or even an electric vehicle company that’s part of the lithium supply chain.
Another route is to buy an exchange-traded fund (ETF) or mutual fund that specializes in the sector. A good example is the Global X Lithium & Battery Tech ETF (LIT), which includes a mix of mining companies, battery makers and related technology firms. That way, you can gain exposure to lithium without being overexposed to a single kink in the lithium supply chain.
Once you have chosen the stocks or funds you wish to own, make sure you have a brokerage account. That’s where you’ll buy your lithium stocks or funds.
And of course, before you pursue any investment, make sure you’ve done your research. Look at the fundamentals and think about the growth potential and see how analysts are rating the stock. For example, Forbes Advisor only included lithium stocks rated at least “hold or better.”
If you have questions on how to pick the right stocks for your portfolio, it’s also always a good idea to consult a financial advisor.
What Are the Biggest Risks in Investing in Lithium Stocks?
The primary risks facing lithium stocks are:
- Market volatility
- Geopolitical risks
- Currency conversion risks
The well-known lithium fund Global X Lithium & Battery Tech ETF (LIT) serves as a good bellwether for the performance of lithium stocks. The fund is characterized by covering the full lithium cycle from mining to battery production. When you take a close look at LIT’s performance since its 2010 inception, the picture is quite mixed. LIT’s performance exemplifies the volatile nature of the lithium market. As of April 24:
- 1-year performance: 127.78%
- 5-year performance: 32.23%
Lithium stocks also carry a great deal of geopolitical exposure, which is why the Forbes Advisor list limits its selection to U.S., Australian and Canadian stocks. The cited fund above, for instance, has more than 85% non-U.S. assets, which also leaves it exposed to currency risks.
Because of volatility, investing in lithium is not a “set it and forget it” investment. So, it’s not the best option for buy-and-hold investors.
The only thing certain about the lithium market is the uncertainty of the lithium market. While many are high on electric vehicles, bringing them to market exposes the reality of how difficult that really is. All the many moving pieces from multiple government regulations to tariffs, mining concerns, etc., make the predictability of the lithium market tough. So, any company that is significantly dependent upon the supply of lithium is likely to face volatile waters ahead.
– Wheeler Pulliam, certified financial planner and financial consultant at Xponify Financial in Hickory Creek, Texas.
If you’re looking to invest in lithium, it may be more profitable to invest in options. Say that you expect a lithium stock to drop in price; you can buy a “put option” (which can go up in value as the stock price moves down).
A “put option” is one way to profit from a stock’s declining value without having to short. The practice of shorting a stock involves borrowing from a broker and selling the stock back on the open market. In theory, if executed properly, the stock is returned to the lender at a lower price. But beware: This is a risky strategy and reserved for more advanced stock traders.
To employ these or other options strategies, you’ll need a brokerage account that supports options trading, like Webull or Interactive Brokers. Forbes Advisor rated Webull as No. 1 for Best Broker for New Day Traders; the platform offers no contract fees on stock and ETF options.
Best-Performing Lithium Stocks
While the highest returns might look flashy, it’s important to remember that a stock’s performance is backward-looking and not an indicator of future returns. That’s why we curated a shortlist of stocks above based on methodologies to screen for risks.
Listed below are the top-performing lithium stocks based on year-to-date returns. These stocks are traded on a U.S. market and are included as holdings in either or both of Lithium & Battery Tech ETF (LIT) or Sprott Lithium Miners ETF (LITP).
