LIT: Lithium Prices Have Stabilized But Supply Remains Plentiful
Despite project cancellations, excessive exploration and development continue, leading to an oversupply that hinders near-term price recovery. China's aggressive lithium exploration and development exacerbate the problem of excess supply. The Global X Lithium & Battery Tech ETF is a solid fund but is rated Hold due to sluggish lithium prices and market volatility.
LIT: Supply And Demand Are Indicating To Hold Tight
Cleaner energy investments, particularly in EVs powered by lithium-ion batteries, are gaining traction, making the lithium industry important to know for investors. Global X Lithium & Battery Tech ETF is down 12% YTD and over 53% since 2021, due to falling lithium demand and prices. Lithium market volatility and oversupply, coupled with potential policy changes, suggest holding off on investments until demand stabilizes.
LIT: Buying Lithium At A Bargain
I am bullish on the LIT Global X Lithium & Battery Tech ETF and have initiated a long position. Despite potential market corrections, lithium's short-term tailwinds make it a compelling investment. Consensus is shifting towards a structural recovery for lithium, reinforcing my Buy rating for LIT.
Tidal CEO Speaks on White-Label Platforms & Innovation in ETFs
Guillermo Trias, CEO of Tidal Financial, radiates energy and a seemingly ridiculous level of enthusiasm for everything he does — especially regarding ETFs. It might even be fair to label him the Energizer Bunny of the ETF world.
LIT: Lithium Bear Market Likely Has No End In Sight
CATL and Arcadium recently announced plans to take lithium mines offline. China's deteriorating economic prospects risk negatively impacting lithium consumption. A global lithium supply glut shows no signs of abating in the months ahead in my view.
LIT: Continued Bearish Trends, Spotting A Long Play After The Q2 Earnings Season
EV vehicle prices continue to fall, indicative of bearish sentiment toward lithium producers in the Materials sector. Lithium-related stocks lag S&P 500 with Albemarle down 55%, though shares of Tesla are well off their 2024 low. LIT ETF offers exposure to lithium battery technology, but faces a poor technical situation and seasonal pressure.
LIT ETF: Fares Well Against BATT ETF, Maybe A Good Time To Take A Nibble
Global X Lithium & Battery Tech ETF is a $1.2bn product covering global stocks involved in lithium mining and battery technology. We juxtapose LIT against a close peer - BATT. We provide some commentary on the lithium market.
3 Battery Stocks to Buy Now: June 2024
The Global X Lithium & Battery Tech ETF (NYSEARCA: LIT ) shed more than 10% of its value in the past month, naturally leading to a drawdown in battery stocks. Many might argue that the recent capitulation of battery stocks is a sign of things to come.
