What are the prospects for ASX lithium shares in 2022?

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2021 was a brilliant year for many ASX lithium stocks, but can the new year bring the same prosperity to the sector?

Here’s what experts predict for the ‘white gold’ metal and the companies working to produce it in 2022.

What 2022 could bring for lithium prices

Many experts expect the price of lithium to remain high through next year.

As my foolish colleague, James Mickleboro, recently reported, Macquarie Group Ltd (ASX: MQG) analysts are positive about commodity prices. And not only for the new year, but also for the next 3 years.

It believes that manufacturers will be kept busy occupied by demand from electric car manufacturers.

This feeling is repeated by S&P Global Platts Analytics. It predicts that lithium demand is likely to see production nearly triple by 2025, meaning the coming years may see a major boom in the sector.

But in the next 12 months, it expects a demand deficit of around 5,000 megatons of lithium carbonate equivalent.

Additionally, as The Motley Fool Australia reported yesterday, mergers and acquisitions activity in the lithium area may be on the rise. Especially since Chinese companies are vying to get a piece of the limited lithium pie.

This means that ASX could see more acquisitions similar to Rio Tinto Limited‘s (ASX: RIO) recently announced the $ 1.15 billion acquisition of lithiummine.

So which ASX lithium stocks might be worth keeping an eye on in the new year?

Experts in ASX lithium stocks believe they may rise in 2022

Pilbara Minerals Ltd (ASX: PLS)

Brokers’ opinions on Pilbara Minerals are mixed, with Macquarie aiming for it as a buyout and Credit Suisse maintaining a bearish view.

The former has set a price target of $ 3.70 on the lithium producer’s share price, while the latter has beaten it with a $ 2.05 target.

At the time of writing, Pilbara Minerals’ share price is $ 3.21.

Allkem Ltd (ASX: AKE)

Alkem is another broker favorite. It is the device that is a result of the recent merger of Ococobre and Galaxy Resources.

UBS is aiming for $ 10.75 for the company’s stock, hitting it with a buy rating earlier this month.

Meanwhile, Macquarie has an outperform rating on the company and a price target of $ 13.60.

Right now, the Alkem share price is $ 10.45.

Sayona Mining Ltd (ASX: SYA)

Finally, Marcus today has branded Sayona Mining as a “speculative purchase” and says it has potential.

Right now, investors can get their hands on the company’s stock for 13.5 cents apiece.

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