5 Best-Performing Lithium Stocks for November 2024 - NerdWallet

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

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 (Year)

TSLA

Tesla Inc

20.24%

ENS

Enersys

12.83%

QuantumScape Corp

1.04%

ENVX

Enovix Corporation

0.50%

SQM

Sociedad Quimica Y Minera de Chile S.A. ADR

-17.56%

Source: Finviz. Data is current as of Nov. 1, 2024, and is intended for informational purposes only, not for trading purposes.

Picking individual lithium stocks can be fairly risky. But investing in a lithium stock-heavy exchange-traded fund (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.

» MORE: How to invest in ETFs

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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