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Two of these lithium stocks look a lot riskier than the third.

VANCOUVER, BC , Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd.

Chinese battery maker CATL is contemplating shutting down one of the country's largest lithium mines, citing low lithium prices and high cost of production. A shutdown could cut Chinese lithium production by 8% -- or fail to cut it at all.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q2 2024 Results Conference Call August 22, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Ricardo Ramos - Chief Executive Officer Felipe Smith - Commercial Vice President of SQM Salar Carlos Diaz - CEO of SQM Salar Mark Fones - CEO of SQM International Lithium Gerardo Illanes - Chief Financial Officer Pablo Hernandez - Senior Director of Business Strategy and Development, SQM Salar Pablo Altimiras - CEO of Iodine & Nitrates Juan Pablo Bellolio - Commercial Vice President of Iodine and Industrial Chemicals Conference Call Participants Apurva Kilambi - Scotiabank Isabella Simonato - Bank of America Lucas Ferreira - JPMorgan Alejandro Demichelis - Jefferies Santhosh Seshadri - HSBC Marcio Filho - Goldman Sachs Cesar Perez-Novoa - BTG Pactual Corinne Blanchard - Deutsche Bank Camilla Barder - Bradesco Operator Good afternoon, and welcome to the SQM Second Quarter 2024 Earnings Conference Call.

SQM posted a mixed earnings release. However, there are reasons to be optimistic. Lithium prices have plummeted, impacting SQM's revenue and earnings markedly. SQM's low-cost position, places it well as it attempts to gain market share by not curtailing production.

Sociedad Quimica's (SQM) earnings miss estimates, while sales beat the same in Q2 amid lower average selling prices in lithium and SPN units.

Lithium stocks continue to be in dire straits well into 2024. The price for the rare earth mineral, lithium carbonate, has fallen 11.4% since the start of the year.

The global prices for lithium carbonate, a rare earth mineral that forms the basis of lithium-ion batteries, have continued their downward trend. In 2023, prices plunged more than 80%, but after that epic slump, investors and traders had been hoping prices had reached a bottom and the market would exhibit signs of recovery.

With lithium prices starting to bottom out and electric vehicle sales accelerating, it's time to look at some of the top lithium stocks to buy now. Remember, “Six of the 10 biggest EV makers in the US saw sales grow at a scorching pace compared to a year ago,” says Bloomberg.

Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key for the production of electric vehicle batteries.