3 Lithium Stocks to Buy on the Dip: April 2024

Many investors are focusing their metals and mining focus on gold and silver in 2024. And lithium stocks took a beating in 2023 which continues into 2024. However, this may be a time to look for lithium stocks to buy on the dip. Primarily, lithium is a core metal needed for the ongoing transition to electric vehicles ( EV s). But it’s also going to be needed for many current and next-gen applications, including flying cars and smartphones. Investing in commodities is not for risk-averse investors. Oversupply crushed the lithium market, and miners are cutting back. But this tightening of the lithium supply is likely to provide a boost to lithium prices. EV makers, for example, can get through their inventory glut. Even if turnaround time in lithium prices doesn’t happen soon, many lithium stocks to buy on the dip are trading near 52-week lows. And some pay a dividend which can help protect your investment if the market moves against you. Albemarle (ALB) Source: IgorGolovniov/Shutterstock.com You can’t blame investors for wanting to throw in the towel on Albemarle (NYSE: ALB )....

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