These beaten down ASX lithium stocks could rise 35% to 85% in 12 months

Big returns could be on offer for brave investors according to analysts.

Arcadium Lithium (ASX: LTM)

Bell Potter remains very positive on this lithium giant. It likes the miner due to its diversified operations, which provide exposure to various lithium types. In addition, it highlights the company's strong production growth potential. It said:

LTM provides the largest, most diversified exposure to lithium in terms of mode of upstream production, asset locations, downstream processing and customer markets. It is a key large-cap leverage to lithium prices and sentiment, which we expect to improve over the medium term. The group has a strong balance sheet and growth portfolio.

The broker has a buy rating and $9.50 price target on its shares. This implies potential upside of approximately 85% for investors.