Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Lithium, lithium, lithium... It's not pretty - it's a dull, whitish gray that looks like something you'd do a driveway with.
But the soft alkali metal is the metal right now, thanks in large part to its use as a battery electrode in electric vehicles. Demand is high, and shows no sign of letting up anytime soon.
One metric ton, or 2,204 pounds, of Chinese lithium is going for $51,400 right now - more than five times the price it commanded in January 2021. Lithium's performance absolutely crushed the "classic" precious metals like gold, silver, and platinum over the past year.
For investors - particularly those who love a good "cheap stock" play - this is a "target rich" environment, with no shortage of speculative opportunities.
In other words, it's a must-own - investors have to be in lithium stocks right now. I've picked out three great ones, each running under 20 bucks a share right now. In fact, at $0.90 and $2.60, two of these are classic penny stock plays.
Follow Money Morning on Facebook and Twitter.
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.