Futu Securities app noted that lithium producers' stocks surged on Tuesday after a new study suggested that Arkansas may have as much as 19 million tons of lithium reserves, which would surpass 9 times the lithium demand for electric vehicle batteries globally by 2030 if extracted.

The United States Geological Survey announced this discovery on Monday, investigating huge potential lithium reserves beneath the Smackover formation in southwestern Arkansas and estimating that the formation may contain 5 to 19 million tons of lithium reserves.

Currently, over 25% of the lithium used in automotive batteries, phones, and other popular electronic products in the United States is imported.

Australia and Chile are currently the world's largest lithium producers, followed closely by China, which dominates the processing of lithium for electric vehicle batteries.

In recent months, the United States has been attempting to reduce its dependence on Chinese lithium-ion batteries, raising tariffs on electric vehicles to 100% and investing over $0.4 billion to expand the domestic battery manufacturing industry.

In Tuesday's trades, Piedmont Lithium (PLL.US) rose by 15.3%, Standard Lithium (SLI.US) by 11.5%, lithium americas (LAC.US) by 10.6%, Sigma Lithium (SGML.US) by 8.8%, Atlas Lithium (ATLX.US) by 7.4%, and lithium americas (LAAC.US) by 5.8%.