From Tesla to Lucid motors, the rise in electric vehicles and energy storage systems is increasing the demand for lithium-ion batteries.
But is there a way to get ahead and invest in lithium stocks while they are still under $10? Here is a look at some of the best options.
Best Lithium Stocks Under 10 Dollars
Ultralife Corporation (NASDAQ: ULBI)
Ultralife Corporation is a U.S.-based manufacturer specializing in lithium batteries and advanced energy solutions. With a market capitalization of approximately $78 million, its stock is currently trading at around $6.66 per share as of May 30, 2025.
The company is undergoing a significant transformation, shifting its focus from traditional battery manufacturing to advanced energy storage solutions. This strategic pivot aligns with the growing demand for energy storage systems, positioning Ultralife to capitalize on emerging market opportunities.
In October 2024, Ultralife acquired Electrochem Solutions, Inc., a move that has already begun to contribute positively to its financial performance. For the fourth quarter of 2024, the company reported sales of $43.9 million, with a notable 11.7% increase in Battery & Energy Products sales. The acquisition of Electrochem contributed $6.1 million in revenue during this period.
Ultralife’s backlog and high-confidence orders reached $102.2 million by the end of 2024, up from $78.0 million at the end of the third quarter, indicating strong demand and future revenue potential.
The company’s financial health remains robust, with a current ratio of 3.3 and cash and cash equivalents of $6.85 million as of December 31, 2024. Ultralife continues to focus on expanding its market presence through strategic acquisitions and new product developments, aiming to enhance operational efficiencies and open new market opportunities.
CBAK Energy Technology (NASDAQ: CBAT)
CBAK Energy Technology Inc. is a Chinese company specializing in the development and manufacturing of lithium-ion batteries for electric vehicles (EVs), energy storage systems, and light electric vehicles (LEVs). As of May 30, 2025, the company’s stock is trading at approximately $0.996 per share, with a market capitalization of around $78 million.
In April 2025, CBAK announced a strategic partnership with Kandi Technologies Group to establish two lithium battery production facilities in the United States. The first facility, focused on battery pack assembly, is slated for near-term development, with both companies currently evaluating potential locations for these facilities.
For the fiscal year 2024, CBAK reported net revenues of $176.6 million, a 13.6% decrease from the previous year. However, the company achieved a significant turnaround with a net income of $11.8 million, compared to a net loss of $2.45 million in 2023.
CBAK’s product offerings include lithium-ion batteries for various applications, including EVs, LEVs, and energy storage systems. The company has captured a 19% share of the global market for its 32140 battery cells, indicating a strong presence in the battery manufacturing sector.
Global Battery Metals (OTCMKTS: REEF)
Global Battery Metals Ltd. is a Canadian resource company specializing in high-quality battery metals projects, focusing on the development of lithium assets in both North America and Europe. As of May 30, 2025, the company’s stock is trading at approximately $0.10 per share, with a market capitalization of around $78 million.
The Lithium King Project, located in western Utah near the Great Salt Lake Basin, encompasses approximately 1,760 acres of placer claims. The property has the potential to host lithium and magnesium brine deposits, with historical surface water sampling indicating lithium values ranging from 2 ppm to 1,200 ppm.
The Leinster Lithium Project is situated in the Leinster region of Ireland, covering an area of approximately 775 km². The project has shown promising results, with reconnaissance sampling returning lithium oxide (Li₂O) grades up to 3.75% in rock samples. The company has secured a drill permit for up to 10 drill holes and plans to advance a multi-stage diamond core drilling program targeting lithium-cesium-tantalum (LCT) pegmatite dikes. The project is strategically located adjacent to the Blackstairs Lithium project, a joint venture between Ganfeng Lithium and International Lithium Corp., which may provide synergistic opportunities.
Top Lithium Stocks Under $10
Standard Lithium (NYSE: SLI)
Standard Lithium Ltd. is a Canadian-based resource company focused on unlocking the value of lithium projects in North America. The company is currently exploring two lithium brine projects in Arkansas and Nevada.
The Arkansas project is located in the Fayetteville Shale, one of the most prolific shale gas plays in the United States. The project covers more than 11,000 acres and is believed to be one of the most significant lithium brine resources in North America. Standard Lithium has identified more than 2,500 acres that are prospective for lithium brine production.
Investors are closely monitoring Standard Lithium as it ramps up production in the United States, one of the most significant lithium markets in the world. The company’s strategic partnerships with LANXESS and Equinor, along with its exploration efforts in Nevada, position it as a key player in the North American lithium sector. If you are looking for a lithium stock that is positioned to take advantage of the growth in the battery market, Standard Lithium is definitely worth a closer look.
As of May 2025, Standard Lithium Ltd. (NYSE: SLI) is trading at $1.77 USD.
Noram Lithium Corp. (OTC: NRVTF)
Noram Lithium Corp. is a Canadian-based resource company focused on exploring and developing lithium and other strategic minerals. The company holds a portfolio of lithium projects in Canada and Nevada, and has the option to acquire a 100% interest in the Tres Marias lithium project in Mexico.
Noram’s flagship asset is the Zeus Lithium Project, located in Clayton Valley, Nevada, adjacent to Albemarle’s Silver Peak lithium mine, North America’s only lithium-producing mine. The project spans approximately 1,500 acres and has a historical estimate of 1.8 million tons of lithium carbonate equivalent (LCE) at a grade of 0.6% Li₂O.
The company has identified more than 2,500 acres that are prospective for lithium brine production. Expanding its operation in Arkansas, the firm and its strategic partner, LANXESS Corporation, have reached an agreement that simplifies and accelerates the construction of the first commercial lithium project in Arkansas. This project will be built at a LANXESS plant in El Dorado, Arkansas.
The company’s stock price has risen more than 70% in the last year, owing to increased demand for electric vehicles in the post-pandemic economy. With the global push toward electric vehicles, lithium has become one of the most sought-after commodities on earth. The Zeus project is located in a prime spot to take advantage of this demand.
As of May 2025, Noram Lithium Corp. (OTC: NRVTF) is trading at $0.075 USD.
Westwater Resources, Inc. (NYSE: WWE)
Formerly known as Uranium Resources Inc., Westwater Resources is a Colorado-based energy technology company focused on developing battery-grade natural graphite and lithium products for the electric vehicle (EV) and energy storage markets.
Westwater is constructing a $245 million facility in Kellyton, Alabama, aimed at producing purified graphite and lithium for batteries. As of May 2025, Phase I construction has been completed, including the installation of structural steel, dust collectors, and equipment for milling and shaping. Phase II is undergoing a Definitive Feasibility Study, with financing discussions ongoing.
The company has secured offtake agreements for 100% of its anticipated Phase I production capacity, partially committing a portion of Phase II production as well.
Westwater has successfully completed the examination process for a patent application related to its Kellyton Graphite Plant.
As of May 2025, Westwater Resources has a market capitalization of approximately $35.89 million. The company’s stock is currently trading at around $0.49 per share .
Should You Buy Lithium Stocks?
Currently, lithium stocks are a potential buy for investors. The prices of these stocks have been climbing in recent months as demand for electric vehicles has surged.
Buying into a company that has the potential to be a major lithium producer could help you tap into the rising global demand for EV batteries.
While there is always some risk associated with investing in any stock, lithium stocks offer a potentially profitable investment opportunity for those willing to take a chance.
You should always do your due diligence before investing in any stock. But if you’re looking to invest in lithium companies, there are several suitable options trading on the stock market.
Also, while many of our picks revolve around electric car batteries and the like, there are tons of companies involved in the lithium space.
Where to Buy Lithium Stocks Under 10 Dollars
Several investing platforms are available for investors looking for a lithium stock under 10 dollars.
Robinhood is a commission-free investing platform that offers access to a variety of stocks and ETFs.
Webull is another commission-free investing platform with advanced charting tools and access to after-hours trading.
However, both Robinhood and Webull do not carry over-the-counter stocks like Noram.
On the other hand, Fidelity is an investing platform that offers access to a wide range of popular stocks and penny stocks listed as OTCs.
Lithium Stocks Under $10: Final Words
As the world pivots into electric vehicles, the demand for lithium will continue to rise. This is good news for investors looking to get into the lithium market.
Power storage, consumer electronics, and even bio-medical industries are also expected to fuel the demand for lithium over the next few years.
The stocks mentioned above are all well-positioned to take advantage of the growing demand for lithium. So, if you are looking to invest in this space, these could be some of the best options available for lithium stocks under 10 dollar.
Lithium Stocks FAQs
What Are the Cheapest Lithium Stocks?
There is no definitive answer to this question, as the price of lithium will fluctuate over time. However, some companies that offer investors exposure to lithium include Noram Lithium Corp., Westwater Resources Inc., and Standard Lithium Ltd. These companies boast strong fundamentals and growth potential, making them worth considering for investors looking to capitalize on the current boom in lithium stocks.
Will Lithium Stocks Keep Rising?
It is impossible to say for sure. However, the demand for lithium is expected to continue to rise in the coming years as electric vehicles become increasingly popular. This should provide support for lithium prices and help keep lithium stocks afloat.
Are Lithium Stocks Worth Buying?
This depends on your individual investment goals and risk tolerance. However, given the current boom in electric cars and the resulting demand for lithium, there are certainly some attractive opportunities in the space worth considering. If demand picks up, so could lithium pricing and the underlying stock.
What are Some of the Risks Associated with Investing in Lithium Stocks?
As with any investment, there are always risks involved. Some of the key risks to watch out for include changes in electric vehicle production (which would have a direct impact on demand for lithium), over-supply of lithium on the market, and geopolitical factors such as trade wars or tariffs. Global politics is an often-underlooked variable that can impact lithium producers.
What’s the Best Lithium Stock to Buy Right Now?
CBAK Technologies Inc. is one of the top lithium stocks on the market today, with a strong track record of growth and profitability. With a focus on technologies for energy storage, CBAK has significant potential to benefit from the ongoing boom in electric vehicles and renewable energy sources. Additionally, its low share price makes it an attractive option for investors looking to trade cheap stocks.
Tags:
