Business
Miner Piedmont Lithium Soars on Buy Rating. EV Boom Continues. – Barron’s
Electric cars can’t run without lithium-ion batteries, so enthusiasm about EVs is lifting miners’ stocks as well.
Investors cant get enough of electric-vehicle stocks these day. The enthusiasm means they cant get enough exposure to lithium miners, either. Stock in
Tesla
(ticker: TSLA), the leader of the electric-vehicle pack, is up 650% over the past year, making Elon Musks company the most valuable car maker on the planet, as investors become convinced that EVs are the future of personal transportation. Several EV stocks Barrons tracks are up more than 600%.EVs need lithium-ion batteries to work, so the…
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