If you’re looking for a pure play, Hykawy suggests a long position in Talison Lithium which trades in Toronto. He has a buy rating on the stock.
However, if you’d prefer to trade domestically, Hykawy suggests looking at Philadelphia-based FMC Corp which derives a portion of its business from lithium. Or he also recommends lookin at Chile-based Sociedad Quimica y Minera, which trades on the NYSE as an ADR.
In addition, trader Steve Grasso, director of institutional sales Trading at Stuart Frankel, reminds the desk that a Lithium ETF trades on the NYSE under the symbol LIT. It’s made up of FMC, SQM as well as many other holdings.
Posted by CNBC's Lee Brodie
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> Top Apple Related Stocks for 2012
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Trader disclosure: On June 26, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long WMB; Joe Terranova is long SJM; Joe Terranova is long UPC; Joe Terranova is long WFM; Joe Terranova is long LPX; Joe Terranova is long SNDK; Joe Terranova is long IBM; Joe Terranova is long HYG; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI; Joe Terranova is long CNX; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long VLO; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Mike Murphy is long INTC; Mike Murphy is long TGT; Mike Murphy is long LNG; Mike Murphy is long SBUX; Mike Murphy is short WMT; Simon Baker is funds long AAPL; Simon Baker is funds long CVX; Simon Baker is funds long WFC; Simon Baker is funds long V; Simon Baker is funds long DIS
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Janney Montgomery Scott LLC currently acts as a market-maker in the securities of WMT
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