<div id="readability-page-1"><p><img width="500" height="374" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/7.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/7.jpg"/></p><p>The world has entered an era with climate challenges. In the last few years, record temperatures have been recorded across the globe.</p><p>Climate change is a reality.</p><p>But humanity began to deal with the problem, as 97 countries pledged to achieve net-zero emissions. That number accounts for about 80% of all emissions in the world.</p><p>Governments have taken various measures to achieve the said net-zero emissions target. One of them is to stimulate electric vehicle (EVs) sales.</p><p>EVs are key in the decarbonization era, and the global demand for them is rising. By 2040, roughly 75% of all vehicles on the road will be EVs.</p><p>But EVs rely on lithium-ion batteries. Batteries are expected to account for 95% of lithium demand by 2030.</p><figure><img width="988" height="794" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/007.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/007.jpg"/></figure><p>There are no batteries without lithium, so lithium mining companies sit at the forefront of the decarbonization revolution.</p><p>So, which lithium mining companies are worth focusing on?</p><h2>Pilbara Minerals</h2><p>Pilbara Minerals (OTC:PILBF) is an Australian mineral resources company that primarily explores for lithium. It is no wonder, considering that Australia is the number one lithium producer in the world, with a share of about 47% of global supply.</p><p>The stock price gained +24.96% YTD, and almost 38% of its shares are held by institutional investors.</p><figure><img width="1024" height="367" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/0000-1024x367.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/0000-1024x367.jpg"/></figure><h2>Allkem</h2><p>Allkem (ASX:AKE) is another Australian lithium supplier. It mines in various countries, such as Japan, Argentina, and Canada (besides Australia), and it plans to triple its production by 2026.</p><p>The stock is up +28% YTD.</p><figure><img width="838" height="556" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/0007.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/0007.jpg"/></figure><h2>Solis Minerals</h2><p>Solis Minerals (OTC:SLMFF) is a Canadian mining company based in Vancouver. It was incorporated in 2005, and the stock price is up +476% in the last twelve months.</p><p>Canada is the world’s number six country with the biggest lithium reserves.</p><p>The post Top 3 lithium mining companies to buy as EV batteries drive demand higher appeared first on Invezz</p></div>

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<p>The article discusses the rising demand for lithium mining companies due to the increasing sales of electric vehicles (EVs) as part of global efforts to achieve net-zero emissions. It highlights three key companies: Pilbara Minerals, which has seen a 24.96% stock price increase YTD; Allkem, with a 28% increase YTD; and Solis Minerals, which has surged 476% in the last year. These companies are positioned to benefit from the expected growth in lithium demand, driven by the need for lithium-ion batteries in EVs.</p>