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5 lithium shares that are fast-charging up in 2021
Mitchell Lawler | January 22, 2021 4:47pm |
More on: Image source: Getty Images
If there has been one sector that has been grabbing a lot of attention so far in 2021, it is lithium. After surviving a treacherous couple of years with low prices for the battery focused commodity, these lithium shares are now flourishing.
Electric vehicle demand lifting lithium shares
The growth story stems from an undeniable boom in electric vehicles (EV), with beneficiaries being the likes of
Nio Inc (NYSE: NIO), and
Xpeng Inc(NYSE: XPEV). As governments and regulatory bodies step up measures to reduce emissions, EVs are gaining traction.