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Global X Lithium & Battery Tech ETF (LIT)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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69.13-2.53 (-3.53%)
At close: 04:00PM EDT
69.15 +0.02 (+0.03%)
After hours: 07:56PM EDT
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  • G
    Greg
    Thinking of replacing LIT with SQM. Great divi, lower PE...thoughts?
  • R
    Randolph
    $URA conversation
    Finland is constructing a deep underground storage facility for nuclear waste, for permanent forever storage. With the Russian energy threat, Europe as a whole will most likely look to nuclear power to sustain their energy needs, and electrify much of everything. I think uranium and thus URA will be a good longer term investment. And all the lithium, copper, and cobalt producers.

    $MP $LIT $LTHM $GLNCY
    Bullish
  • L
    Luis
    This is gonna hit $8 shortly. Mark it or $7.50 . Coming soon
  • W
    Wishy wish
    This is going to be 100 in a quarter with inflation reduction act. .. lol perpetual lithium demand.
    Bullish
  • a
    antonio
    $LIT This stock that tracks Lithium is so cheap at its present price since with the recent increases in the value of Lithium it is at a bargain price.
    Buying a lot of stock at this price since it will be back to $100 plus soon.
    LONG & STRONG
  • R
    Randolph
    $MP conversation
    Monthly acquisition achieved. Avg at $38 and change. Buying in increments feels much healthier; just wish I would have felt less cautious at $28 recently. Oh well....

    $LTHM $LIT $GLNCY
    Bullish
  • M
    Marc
    down 10% this month despite Li at $70,000 a ton.
    says scam
  • a
    antonio
    $LIT This stock that tracks Lithium is so cheap at its present price since with the recent increases in the value of Lithium it is at a bargain price.
    Buying a lot of stock at this price since it will be back to $100 plus soon.
    LONG & STRONG
  • c
    chester
    This ETF has the best companies worldwide from mining to development to application of electric/rechargeable batteries particularly Lithium. And these batteries will be used continually from cellphone to Laptops and anything we will use that’s portable and battery powered to EV batteries and batteries for powering homes, and I can go on and on. I just loaded up on this stock because I believe that all the companies in this holding will profitable tomorrow and the years to come.
  • A
    Anonymous
    News reported: "The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030"
  • J
    J. K.
    Futures are pointing to a reprieve from yesterday but be cautious of more red days ahead, if yesterday was the beginning of a larger market consolidation. Either way, LIT is a long term position and by all measures, lithium demand is set to go nowhere but up. Need encouragement to not sell? Set your chart to daily or even weekly, zoom out to see several months and you won’t even notice what happened yesterday. Or even if there are a few more red days to come, the overall trend is clear.
  • P
    Piescoffer99
    $54.20 all time high pre-market for LIT. Anyone who invests in electric vehicle sector ($TSLA, $NIO, $XPEV, $FSR etc..) really should have some of this ETF. Lithium is the key material for batteries and supply is going to run low by 2025.
    Bullish
  • P
    Piescoffer99
    LIT, which tracks a market- cap weighted index of global lithium miners and battery producers, gives broad exposure to the metal. While its niche exposure aligns poorly with our broad Metals and Mining segment benchmark, LIT manages to offer targeted, concentrated exposure with a microcap tilt. Good tracking of its underlying index tempers the fund’s variable spreads and high expense ratio. For investors looking for niche lithium exposure as an ETF, LIT is the only game in town.
    Bullish
  • M
    Martin
    The drop in price for all lithium stocks is due to the rumor being floated (by the shorts) that there will be an overabundance of lithium being produced by 2025 -  when the full array of lithium vehicles is expected to hit the market.  Thus demand will easily be met and the price for the metal will drop precipitously.

    The opposite is true.  In spite of the fact that the major lithium mining companies are planning on expanding production and new companies are appearing, the reality is this:
     
    The demand will exceed supply by next year, not 2025.  The price of lithium therefore will continue to rise. 5-7 years, on average, is the time required to get a mining facility up and running assuming no hitches with funding, permitting and production.  This will be too late to meet the demand which will be soaring and continuously expanding, not only for vehicles, but for storage as wind and sun take over from coal, oil and gas as the source of energy for the planet.
  • R
    Rebecca
    Well investment without an adequate knowledge on whatever you're investnig in is a total waste of resources and time. one should first
    strive to gather enough knowledge in any field he or she chooses to invest in
  • A
    Andrew
    Amazon states that by 2025 their fleet will be entirely electric. Which will require batteries and the batteries that they will use will be lithium-ion. I work in the automotive industry I see the trend slowly going from gas operated vehicles to hybrids to full electric. All that power is going to need to be stored in some kind of power cell in the form of a lithium-ion battery. Buy now while it's still under 100. Demand for renewable energy is increasing and wind and solar panel electricity production will increase as well. Have to store all the energy while it waits to be used....in a lithium ion battery.
    Bullish
  • j
    jerry
    $SQM conversation
    Back in SQM folks! Got back in early this morning (unluckily, considering the bargain closing price). But I couldn't resist with lithium carbonate making yet another high overnight in Shanghai (367,500 yuan (58,000 usd) / metric tonne). Also, it looked like lithium stocks were ready start their inevitable rebound after their recent swoon, but then they got caught up in the late afternoon interest rate-related smackdown. SQM in particular traded down way too much at the end of day in New York trading and if you can pick up shares tomorrow morning anywhere near the NYSE closing price, you are getting a very nice bargain.

    With regards to newly elected Boric in Chile, the deep fears over the past month about what he will do to the mining industry were largely overblown, at least to a significant degree. His recent choices for cabinet members as well as his finance and (critically) mining minister have alleviated some of this built up fear. Things often are not nearly as bad as media fear mongers like to make them seem.

    With its steady production, large revenues and impressively growing earnings, SQM is still the relative value play in the lithium stock space (if there is such a thing in this high growth sector in which most companies, unlike SQM, are still deeply in their exploration and development phases and so can't yet partake in the soaring lithium price, let alone make a profit). SQM, on the other hand, does both for the investor: it is hugely reaping the rewards of the soaring lithium price AND it is developing new assets for a very rich future ahead.

    $SQM $OROCF $LTHM $ALB $LAC $SLI $LIT
    Bullish
  • J
    Jerry
    Just bought into LIT in anticipation for strong demand increases as the world moves to Electronic cars....
  • R
    Ray
    Lithium was just added as a critical raw material for both the US and the EU. The dependency on Lithium will increase as the EV adoption continues to rise. As a critical material similar to wartime doctrine the price will increase benefitting miners who are already engaged in Lithium mines and have stakes globally for new easily extracted sources. Expect more companies to follow Tesla to gain access to Lithium and be a battery manufacturer. Long is a good play for all Lithium and Battery tech.

    Reference:
    https://www.mining.com/eu-adds-lithium-to-critical-raw-materials-list/
    Move is part of a broader plan to cut reliance on imported supply of key commodities, including rare earths and cobalt.
    Move is part of a broader plan to cut reliance on imported supply of key commodities, including rare earths and cobalt.
    www.mining.com
    Bullish
  • J
    John
    Blackrock article is interesting:

    Investors can get that exposure through broad ESG ETFs, or in thematic funds like the iShares Self-Driving EV and Tech ETF (IDRV), she said. That and similar products such as the Global X Lithium & Battery Tech ETF (LIT) stand to benefit from about $15 billion worth of electric vehicle spending in the $1.2 trillion U.S. infrastructure bill passed this summer, along with the downstream demand for lithium and other materials needed to make electric cars and charging ports.
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