Lithium

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment. Its products are classified into minerals, refined products and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection and a variety of specialty applications. The company generates maximum revenue from Olaroz segment.

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Top 9 Lithium Stocks of 2022

The top lithium stocks by share price performance on US, Canadian and Australian exchanges have already made year-to-date moves.

Editor's note — This article was originally focused on the top Canadian lithium stocks, but has been expanded to cover the top lithium stocks globally. Click here to read about the top Canadian lithium stocks.

You can also click here to read the previous top lithium stocks article.

Lithium prices hit an all-time high in 2021, and reached new heights only a few months into 2022.

Analysts expect this positive trend to continue as the electric vehicle transition gains traction around the world, and some lithium companies' share prices are rising significantly in tandem.

Here the Investing News Network takes a look at the top lithium stocks with year-to-date gains. The list below was generated using TradingView’s stock screener on May 18, 2022, for Canadian and US companies, and on May 19, 2022, for Australian companies. It includes companies listed on the NYSE, NASDAQ, TSX, TSXV and ASX; all top lithium stocks had market caps above $10 million when data was gathered.

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Lithium Miner SQM's Profits Surge on Higher Lithium Prices

Chile's SQM is forecasting that its 2022 sales volume will exceed 140,000 tonnes.

Soaring lithium prices supported earnings from Chile’s SQM (NYSE:SQM) during the first quarter, with the miner seeing its net income reach US$796.1 million ― up from US$68 million a year earlier.

The top lithium producer's revenue from lithium sales increased almost 970 percent year-on-year to hit US$1.44 billion, with its sales volume increasing 59 percent and reaching its highest level at 38,100 tonnes.

“The lithium market continues to be very dynamic and at times difficult to gauge and estimate,” the company said in a Wednesday (May 18) statement. “Despite the higher pricing environment we have seen, we still believe that the lithium market will grow at least 30 percent this year.”

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SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2022

Highlights SQM reported net income for the three months ended March 31, 2022 of US$796.1 million compared to US$68.0 million in same period of 2021. Revenues for the three months ended March 31, 2022 were US$2,019.8 million . Earnings per share totaled US$2.79 for the three months ended March 31, 2022 . Our first quarter results include payments related to the agreement with Corfo and tax provisions that totaled ...

Highlights

  • SQM reported net income for the three months ended March 31, 2022 of US$796.1 million , compared to US$68.0 million in same period of 2021.
  • Revenues for the three months ended March 31, 2022 , were US$2,019.8 million .
  • Earnings per share totaled US$2.79 for the three months ended March 31, 2022 .
  • Our first quarter results include payments related to the agreement with Corfo and tax provisions that totaled approximately US$800 million .
  • Adjusted EBITDA margin for the first three months of 2022 reached 58.7%.
  • SQM will hold a conference call to discuss these results on Thursday, May 19 , at 12:00pm ET ( 12:00pm Chile time).

    Participant Dial-In (Toll Free):                    1-855-238-1018

    Participant International Dial-In:                             1-412-542-4107

    Webcast: https://services.choruscall.com/links/sqm220519.html

Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings today for the three months ended March 31, 2022 of US$796.1 million ( US$2.79 per share), an increase from US$68.0 million ( US$0.26 per share) reported for the three months ended March 31, 2021 . Gross profit reached US$1,164.7 million (57.7% of revenues) for the three months ended March 31, 2022 compared to US$136.6 million (25.9% of revenues) recorded for the three months ended March 31, 2021 . Revenues totaled US$2,019.8 million for the three months ended March 31, 2022 an increase compared to the US$528.5 reported for the three months ended March 31, 2021 .

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Further Significant Step-Out Intercepts Returned at Seymour

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to provide further assay results from the Phase 1 diamond drilling program at its Seymour Lithium Project in Ontario, Canada.

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