|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||33.04 - 34.00|
|52 Week Range||28.71 - 41.21|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.75%|
A lithium ETF may power up ahead as a number of technology and industrial companies have locked in deals with lithium producers in the latest indication that big users are trying to secure supplies in the face of potential shortages. The Global X Lithium & Battery Tech ETF (LIT) , which tracks the full lithium cycle from mining and refining through battery production, has increased 4.1% over the past month after falling off 10.2% year-to-date. A number of companies like technology firms and car makers reliant on lithium have signed deals even if it means joining suppliers that haven't started production yet in an attempt to head off potential shortages in the follow years as electric vehicle uses rises, reports the Wall Street Journal.
FMC (FMC), similar to Sociedad Química y Minera de Chile (SQM) and Albemarle (ALB), also has exposure to lithium, which makes it attractive to lithium investors (LIT). The company reported its earnings on May 2. Its EPS (earnings per share) of $1.84 beat analyst estimates of $1.6 at the time of its earnings. In the following weeks, the company saw several upgrades with the stock rising by almost 9% to $87.4 on May 10.
Albemarle (ALB) reported strong 1Q18 earnings on May 9. The company reported an adjusted EPS (earnings per share) of $1.30—an increase of 23.8% on a YoY (year-over-year) basis. Albemarle’s earnings were influenced by strong revenue growth, better operating efficiency, and improved cost control.
Sociedad Química y Minera de Chile (SQM) has continued to give a lackluster performance compared to its 2017 rally. The stock is trading almost 4% lower YTD (year-to-date), while peer (LIT) Albemarle (ALB) is down almost 23%, and FMC (FMC) is down almost 7.6% YTD as of May 10.
U.S. President Donald Trump managed to deal another blow to the markets by deciding to withdraw from the Joint Comprehensive Plan of Action, best known as the “Iran deal”, causing oil to spike to levels not seen in more than three years.
◦ Management anticipates that it will be 24-month process to formally form and efficiently structure a JV partnership for the development and commercialization of two of Wealth Minerals’ projects: Salar de Atacama and Laguna Verde. ◦ The JV will be 90% owned by Wealth Minerals and 10% owned by ENAMI with free-carried interest.
The challenging situation surrounding Facebook’s data leak attracted lawmakers and put other technology companies in the limelight this last week. Trump’s latest attempt to reduce America’s large trade deficit with China sparked concerns over retaliation measures aimed at companies exporting grains, particularly soybeans. Inverse volatility made a comeback on the list due to renewed fears of escalating trade tensions, while gold proved its safe-haven status by capturing the attention of investors seeking refuge from agitated markets.
The high-stakes scandal relating to an investigation into Facebook’s improper use of personal data grabbed the headlines and prompted investors to sell off the stock. Facebook and tech equities both trended this week, coming in first and third on the list. Optimism about a potential NAFTA agreement propelled Canada to second place, while lithium demand is expected to spur a wave of deals in the sector. High yield bonds close the list. Check our previous trends edition at Trending: Trump’s Tariff Orders on Metal Imports Leave Door Open to Exemptions
After surging more than 64 percent last year to rank as one of 2017's best-performing non-leveraged exchange-traded funds, the Global X Lithium & Battery Tech ETF (NYSE: LIT ) is down more than 8 percent ...
On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota. According to the new contract, Albemarle can produce 145,000 metric tons of lithium carbonate equivalent until 2043 in Chile. Albemarle will use its new innovative technology to produce more lithium without pumping additional brine, which could bring down its cost and improve margins.
The lithium exchange traded fund has enjoyed rapid success over the years on the rising demand for electric vehicles. However, Morgan Stanley recently dumped a bucket of cold water on lithium bulls. The ...
Bitcoin prices touched a three-week high of $17,712.40 on January 6, 2018, and then fell. As of Monday, January 8, 2018, at 5:00 AM EST, it had a 24-hour fall of 5.4%.
The research director behind one of 2017's top-performing exchange-traded funds is still betting on bitcoin and electric, self-driving cars.