Published on 18 Oct 2024 on Insider Monkey · via Yahoo Finance
Is Ultralife Corporation (ULBI) the Best High Growth Lithium Stock to Invest In?
We recently compiled a list of 10 High Growth Lithium Stocks to Invest In. In this article, we will look at where Ultralife Corporation (NASDAQ:ULBI) ranks among high growth lithium stocks to invest in.
Lithium Prices Drop but Demand Signals Long-Term Gains
Rio Tinto announced its acquisition of U.S.-based Arcadium for $6.7 billion, positioning itself as the world’s third-largest lithium miner. The deal comes while lithium prices are falling these days, which are driven by oversupply from China and a slowdown in EV sales, which has made lithium miners attractive takeover targets.