$Global X Lithium & Battery Tech ETF(LIT)$ (LIT) is an ETF that invests in the full lithium cycle, from mining and refining the metal, through battery production.
LIT Performance
Lithium has become the essential ingredient for lightweight, power-dense batteries used by laptops, cell phones and electric vehicles (EVs). Given the insatiable demand for these products, especially EVs, the price of lithium has more than doubled since 2015.
Global lithium suppy and demand forecast
Reasons to Consider LIT
- High Growth Potential
Lithium battery technology is essential to the rise of electric vehicles (EVs), renewable energy storage, and mobile devices.
- Advancing Clean Technologies
EVs produce zero direct emissions, meaning broader adoption could result in reduced greenhouse gas emissions and improved urban air quality.
Sector and Country Breakdown
- Unconstrained Approach
LIT invests in companies throughout the lithium cycle, including mining, refinement and battery production, cutting across traditional sector and geographic definitions.
Top 10 Holdings
LIT tracks the Solactive Global Lithium Index. Top ten holdings are ALBEMARLE CORP (ALB), YUNNAN ENERGY-A (002812 C2), QUIMICA Y-SP ADR (SQM), TDK CORP (6762 JP), BYD CO LTD-H (1211 HK), PANASONIC HOLDINGS CORP (6752 JP), EVE ENERGY CO LTD-A (300014 C2), LG CHEM LTD (051910 KS), SAMSUNG SDI CO LTD (006400 KS), and GANFENG LITHIUM CO LTD-A (002460 C2).
Comments