Sigma Lithium (SGML) shares surged 32% after Ganfeng Lithium Group chairman forecasted a 30%-40% increase in global lithium demand by 2026. This could lead to lithium carbonate prices doubling to 200,000 yuan a ton. Despite the rally, SGML stock is still down 40% from its high. Other companies like Albemarle (ALB) are also projecting a significant increase in lithium demand due to applications beyond electric vehicles, such as artificial intelligence and data centers. Sigma Lithium is expected to achieve profitability in 2026, making its stock well-positioned for growth. Analysts recommend a “Moderate Buy” rating on SGML with a price target of $13.77, indicating a potential 25% upside.

Read more at Barchart: Lithium Demand Sparks New Stock Rally. Should You Load Up on Sigma Lithium (SMGL) Shares Here?