Dear Reader,
Yesterday, I introduced you to the process of extracting lithium from the ground. I explained the problems plaguing the traditional methods. And I introduced you to a new technological breakthrough that makes the process more efficient. But mining, or extracting, lithium is only one step in the process to make batteries. Until it is refined, the metal is essentially useless to consumers like us. And that’s why I’d like to take some time today to focus on the lithium refining stocks that turn this mineral into a real commodity.
But first, I want to cover a very important detail about the lithium refining industry and the majority of lithium refining stocks. And that’s the fact that the market is dominated by one country: China. The vast majority of lithium refining stocks are Chinese companies. And while Chinese stocks have been rallying on new government stimulus promises, they don’t operate on the same rules as the rest of the world. And I can’t recommend buying them when I don’t trust the “management.”
So, while there are several lithium refining stocks in China that could be on this list, I’m going to focus on domestic operations that will strengthen national security.
Domestic Lithium Refining Stocks — From EVs to Solar Shingles to Lithium Refineries
A few years ago, Tesla (NASDAQ: TSLA) founder Elon Musk made waves around the world by telling entrepreneurs that getting into the lithium refining business was akin to having a license to print money. But several years have passed and not that many folks have gotten into the game. So Tesla is setting up its own lithium refinery in Texas. And that’s going to make it one of the few American lithium refining stocks.
In May of 2023, the company officially broke ground on an in-house lithium refinery located in Corpus Christi, Texas. Once it’s completed, the refinery will represent a more than $1 billion investment in the future of energy storage. The company also plans to eventually recycle batteries at the plant, as it hopes to help supply the growing North American market for refined lithium.
Domestic Lithium Refining Stocks — The Newcomer
Next up on our list of top domestic lithium refining stocks is a company that was private up until a few months ago. I’ve written about it before as one of the U.S. hopes for breaking China’s refining dominance. And it’s finally a public stock. The company is Stardust Power (NASDAQ: SDST). And it went public via a reverse merger in late June of 2024.
Stardust has a head start on other companies when it comes to getting a U.S. refinery up and running, as it’s been working on the biggest lithium refinery in North America for the past few years, itself. According to the company, the new facility is expected to produce 50,000 metric tons per year of "high-quality" battery-grade lithium, which will surely make it a top pick on everyone’s list of lithium refining stocks.
Domestic Lithium Refining Stocks — Neighbors to the North
And finally, I’ve got a not-quite-domestic play to add to your lithium refining stocks list. It’s a Canadian operation that’s already got one refinery in Germany and is planning a second here in North America. It’s called Rock Tech Lithium (TSX-V: RCK) and it’s a very speculative play because of its small size.
But what it lacks in size it could make up for in explosive profits if it’s able to give Americans a domestic source of refined lithium to add to those that Tesla and Stardust create. So, while it’s more of a long shot than the others on our list, Rock Tech deserves a spot on your lithium refining stocks list too.
Domestic Lithium Refining Stocks — Bonus Edition: The Lithium Volcano
And finally, rounding out my list of top lithium refining stocks is another company I’d bet a lot of investors don’t know much about. But that’s not because it’s new to the market like Stardust is. It’s because this company is still relatively small when it comes to lithium refining stocks.
But that’s not going to last for long. Because in addition to being a lithium refining stock, it’s also a lithium mining stock, like Albemarle. And it just struck the lithium version of a massive gold mine. You see, this small company is now the proud owner of the largest lithium deposit in the entire world! But because it’s also a lithium refiner, it’s going to reap ALL of the rewards from this massive discovery, unlike most small miners would.
And because it could represent the salvation of the U.S. when it comes to taking control of the lithium market, it just made Uncle Sam’s list of top lithium refining stocks too. The reason I say that is because it just got access to a multibillion-dollar pile of cash from the U.S. government.
The billions of dollars are to help it get the mine and refinery going ASAP. They’ll also make this company every analyst’s No. 1 when they list top lithium refining stocks.
But I’ve already given you three of my top lithium refining stocks for free today. And I’m running out of space while you’re running out of time to read. So I want to let my friend Alex Koyfman tell you all about the No. 1 company on our list of lithium refining stocks.
Just go here to get access to all the details so you can grab the best of the best of the lithium refining stocks. I’ll be back soon with more ways to maximize your profits. So stay tuned.
And if you want early access to any other top lithium refining stocks (or other great investments) I come across, go here to become a VIP member and get early notification of all my newest discoveries.
To your wealth,
Jason Williams
@TheReal_JayDubs
Angel Research on Youtube
After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter; the founder of Future Giants, a nano cap investing service; and authors The Wealth Advisory income stock newsletter. He is also the managing editor of Wealth Daily. To learn more about Jason, click here.
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