|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||25.87 - 26.02|
|52 Week Range||24.41 - 33.79|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.09|
|Expense Ratio (net)||0.75%|
The U.S. stock rally appears to have stalled out ahead of earnings season, but Jay Jacobs believes there is investor demand for more specialized sectors. Yahoo Finance's Adam Shapiro and Julie Hyman join Heritage Capital President Paul Schatz and Global X SVP & Head of Research and Strategy Jay Jacobs to discuss Global X ETFs.
Investment banks are bolstering their ranks with teams to gauge the rise of businesses and economies that benefit from going green. “As we move toward a decarbonized economy these businesses realize they need to be involved in electricity,” Jonathan Funnell at recruiters Proco Commodities, told Reuters. According to recruitment consultants, investment banks are bolstering their trading teams in markets like gas, metals and carbon permits, which have come at the expense of oil trading teams as the market has fallen out of favor.
Chile’s Chemical and Mining Society (SQM), the world’s second-largest lithium producer and a major holding in the Global X Lithium & Battery Tech ETF (NYSEArca: LIT), an exchange traded fund dedicated ...
The Global X Lithium & Battery Tech ETF (LIT) , an exchange traded fund dedicated to companies in the lithium supply cycle, is lower by nearly 13% this month and concerns about oversupply of lithium could be one of the reasons LIT is flailing. “The possibility of an oversupply of lithium chemical is a myth, the president of California-based Global Lithium, Joe Lowry, said this week,” reports Valentina Ruiz for Mining.com. “ Addressing the audience at the conference Paydirt 2019 Latin America Downunder, Lowry blamed the spread of such a 'myth’ on ‘big bank’ analysts and the Chilean regulator CORFO.
Albemarle Corp. (ALB) , the second-largest holding in the Global X Lithium & Battery Tech ETF (LIT) , is looking to increase lithium output in Chile. LIT, which is nearly nine years old, tracks the Solactive Global Lithium Index. One of the oldest thematic ETFs, LIT is designed to provide exposure to “the full lithium cycle, from mining and refining the metal, through battery production,” according to Global X.
The Global X Lithium & Battery Tech ETF (NYSEArca: LIT) is trading slightly higher this year, but expanding battery capacity could prove to be an under-appreciated catalyst for the lone dedicated lithium ...
Editor's note: This story was previously published in January 2019 and has since been updated and republished.No matter how innovative or utilitarian a new platform may be, all modern technologies require a catalyst to operate. For most devices, this requirement translates into a lithium-based power source. Nowadays, almost everything we use runs on the silver-white metal. Logically, the idea of buying lithium stocks is a frequently made suggestion.However, the markets sometimes deploy their own logic, which seemingly runs counter to the fundamentals. For instance, industry demand for lithium remains robust, and is likely to increase as electronics manufacturers pump out smart devices. Yet the benchmark exchange-traded fund Global X Lithium ETF (NYSEARCA:LIT) is down more than 18% over the past year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhy the disconnect between lithium stocks and underlying industry demand? Mostly, experts in the field forecasted an overabundance of supply due to mining companies ramping-up production. Additionally, last year Morgan Stanley analysts predicted a massive drop in the commodity's price over the next few years that could outpace even tremendous demand from electric vehicle companies. * 7 Energy Stocks to Buy to Light Up Your Portfolio The bearish prognostications occurred in the first two months of this year. Unfortunately, lithium and lithium-based battery stocks have largely failed to recover from the sentiment fallout. Recently, though they have begun their slow return, adding a little more than 1% so far this year.Granted, the extreme negativity makes this sector incredibly risky. But I also want to remind readers that forecasts are ultimately opinions. They may be well-crafted or well-analyzed opinions, but they're still non-factual expectations of future events.I choose to rely more heavily on actual data. The abundance of evidence demonstrates that lithium demand is increasing in virtually every corner of the broad, technological spectrum. Perhaps mining production could outpace demand. But for now, lithium continues to be among the most highly requested industrial commodities.Here are my ten picks for lithium stocks to take advantage of the market's irrationality.Source: Shutterstock Albemarle (ALB)Several of the lithium stocks that analysts commonly discuss are admittedly speculative affairs. As a result, the downturn in the lithium market has severely and disproportionately impacted the industry's direct competitors. But for a solid, renowned organization like Albemarle (NYSE:ALB), the selloff presents a viable contrarian opportunity.I'm not going to beat around the bush: ALB stock has taken a massive beating, even compared to the lithium industry's bloodbath. Over the past year, shares have lost nearly 23% in the markets.That said, I'm encouraged with some positives in the company's financials. After absorbing a disappointing dip in revenues in 2016, Albemarle bounced back the following year. The growth continued in 2018 with revenues growing from $3.07 billion to $3.37 billion. Should the Albemarle FY2019 Q1 report disappoint, the company will still remain on the upswing.As industry demand is only going to get stronger, Albemarle's present weakness is a great entry point.Source: Shutterstock Sociedad Quimica y Minera (SQM)For its sheer dominance in the sector, no discussion about lithium stocks is complete without mentioning Sociedad Quimica y Minera (NYSE:SQM). SQM is based in Chile, which according to CNBC enjoys the world's largest lithium reserves. In fact, CNBC was quite emphatic about this point, noting that no other nation comes close to Chile's 7.5 million metric tons of the hotly demanded metal.Unfortunately, as with many other lithium stocks, SQM suffers from a divergence between fundamental bullishness and technical trading. Over the past year, shares are down 32%. At the same time, the worst of the bearishness appears to have subsided. Since the beginning of 2019, SQM is down 5.7%. * 7 Stocks to Buy That Ought to Buy Back Shares One risk factor to watch out for is sales growth. In its last earnings report in Q4, the mining company delivered $565 million, which was$10 million down from the year-ago quarter. Obviously, Wall Street will want to see significant improvement in 2019 (SQM reports May 22).That said, SQM's position as a lithium production leader should bode well for the future, if you're willing to be patient.Source: Tesla Tesla (TSLA)If you've followed market news over the past few months, you're well aware that sentiment toward Tesla (NASDAQ:TSLA) was poor. Primarily, questions about the company's cash burn, and its history of making big promises but failing to deliver took a heavy toll on the investment community. Plus, CEO Elon Musk's strange and rude behavior didn't do any favors for TSLA stock.Recently, though, the company announced it would raise capital sending it into another period of volatility. It's one that the company will come through, though. Plus with prices off a little more than 15% so far this year, Tesla is getting even more attractive.I don't want to speak too early, but for me, Tesla is finally back on track, even if the markets don't see it yet.Source: Shutterstock Panasonic (PCRFY)Speaking strictly from a product fanbase perspective, few companies generate as much buzz as the aforementioned Tesla. I've repeatedly called Elon Musk eccentric, but that same eccentricity inspires him to create aesthetically and technologically stunning cars. However, many folks might not appreciate just how important of a role Panasonic (OTCMKTS:PCRFY) plays in Tesla's success.When most people hear the name Panasonic, they immediately think about consumer-electronic devices. While that's very much part of their business and legacy, the company is also shifting heavily toward lithium-based technologies. Panasonic and Tesla developed a strong, if somewhat under-appreciated partnership. Notably, Panasonic manufactures Tesla vehicles' lithium-ion batteries at Tesla's vaunted Gigafactory. * 7 A-Rated Stocks That Are Under $10 More importantly, all signs point to the two companies continuing their relationship into other business ventures. Call it a corporate "bromance" that looks to be a viable opportunity for long-term gains. This idea gets more credibility considering that PCRFY has suffered the same fate as other lithium and battery stocks. PCRFY is down roughly 36% since the year-ago period.But especially once things shake out for Tesla, I believe Panasonic will latch on for the ride up.Source: Shutterstock FMC (FMC)As one of the leading lithium and battery stocks in the markets, FMC (NYSE:FMC) is a must-watch name if you're interested in this sector. But admittedly, the past year hasn't panned out too well for the company; FMC shares were pretty much flat year-over-year after taking a 12% nosedive at the end of 2018.But the overall poor sentiment in 2018 could change very quickly in 2019. The company beat EPS consensus in Q4 and things look good as FMC gets ready to report its Q1 2019 earnings.Management stated that the primary catalyst for the profitability boost was its 2017 buyout of DowDuPont's (NYSE:DWDP) agricultural assets. But also noteworthy were lithium sales, which have witnessed a resurgence.Source: Shutterstock Power Metals (PWRMF)Contrary to what some may believe, not all lithium-mining processes are the same. Currently, the two most popular methods are lithium brines and lithium-cesium tantalum pegmatites, or more commonly referred to as "hard rock."Lithium brines represent the most popular method, but the drawback is that the process is vulnerable to weather-related issues. Given that industry demand for the metal is constantly rising, unfavorable weather could severely impact production. To get around this issue, lithium miners are exploring hard rock, which is essentially weather-independent. * 7 Companies Apple Should Consider Buying One mining company that's putting the hard-rock concept to the test is Power Metals (OTCMKTS:PWRMF). With several projects spread around resource-rich Canada, Power Metals aims to be a significant provider of lithium. Plus, the company's geographically-stable region is a big positive for PWRMF stock.That's the good news. The not-so-great news is that PWRMF is a genuine, over-the-counter penny stock. Shares are down 80% over the past year, which tells you all you need to know. Still, if you're looking for a potentially explosive contrarian play among lithium and battery stocks, Power Metals is it. Just bet carefully and responsibly.Source: Shutterstock Lithium Americas (LAC)Lithium Americas (NYSE:LAC) is a direct but completely speculative gamble on the underlying sector's growth potential. While LAC earned itself a healthy does of street cred with its joint venture with Sociedad Quimica y Minera, the company has no production assets.That's not necessarily a deal-breaker as it has legitimate plans to attain those assets. Still, you're taking a risk that management will follow through.And while the markets have not been kind to lithium stocks, LAC has taken the brunt of the damage. Year-over-year, shares have tanked 30%. Clearly, this is not an investment for the faint of heart!Having said that, I believe that analysts' consensus bearishness toward the lithium industry is overplayed. Yes, commodity prices fluctuate year-to-year for various reasons. However, demand for lithium is broadly trending higher.It's not just electric vehicles and other physically imposing technologies that require lithium. Consider that the burgeoning e-cigarette or vaporizer market requires a healthy lithium supply chain to keep running.So long as the drive for innovation exists, so too will lithium demand. This adds some measure of confidence to the otherwise speculative LAC stock.Source: Shutterstock Galaxy Resources (GALXF)Most direct plays in the lithium sector invariably involve mining stocks. Even in the best circumstances, commodity miners aren't known for their stability and reliability. That said, one of the better ways to help mitigate this risk is to seek companies with diversified portfolios. Galaxy Resources (OTCMKTS:GALXF) is one such example.Galaxy's primary claim to fame is its Sal de Vida project, located in northwest Argentina. Situated in what industry experts term the "lithium triangle", the area produces more than 60% of global annual lithium supply. Beyond that, GALXF has projects in its native Australia, as well as Canada. Both regions are geopolitically stable, eliminating a major headache for investors. * 7 Dark Horse Stocks You Really Need to Look at for 2019 Regarding risk factors, you should note that GALXF is essentially a penny stock with a share price just over $1. Furthermore, its performance reflects the volatility associated with cheap equities, as GALXF has plummeted from a $3.39 share price in the markets over the past 18 months.If you're willing to take the chance, bearishness in GALXF has slowed significantly. As a high-risk, high-reward gamble on the lithium industry, Galaxy Resources is an intriguing idea.Source: Shutterstock Toshiba (TOSBF)Similar to Panasonic, Toshiba (OTCMKTS:TOSBF) is primarily known for its electronic devices, particularly its laptop computers. While their primary businesses are unlikely to change, Toshiba is shifting resources heavily toward lithium technologies. They have already achieved substantial success with high-power, quick-recharging batteries, with more innovations in the pipeline.And while TOSBF is a legitimate play on lithium-based battery stocks, its multi-varied product portfolio affords it volatility protection. Shares are up roughly 18% YTD, which is a rarity in this sector right now.The other advantage for Toshiba is that the company has suffered from prior missteps. Having got the ugliness out of the way, the company is on a recovery path.As such, TOSBF offers meaningful exposure to lithium while effectively acting as a hedge.Source: Shutterstock Fujitsu (FJTSY)Japanese tech firm Fujitsu (OTCMKTS:FJTSY) is one of the most respected names in computers and consumer electronics. However, some of their best innovations recently have focused on lithium batteries. For instance, last year, Fujitsu developed a high-voltage lithium battery that doesn't require cobalt materials, which have certain structural disadvantages.Going along with the trends witnessed in other lithium and battery stocks, FJTSY is currently enduring a poor year. Shares are basically flat YTD. That said, FJTSY appears to have hit a bottom last year. This year it already is up nearly 20 percent and going strong. * 7 Cloud Stocks to Buy Now One of the biggest risk factors for Fujitsu is that it's a Japanese company; like its peers, you must have some faith in Japan's economic recovery plan. However, some tangible positives exist, including steadily rising revenues and a fairly solid balance sheet.As of this writing, Josh Enomoto is long TOSBF. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 10 Lithium Stocks to Buy Despite the Market's Irrationality appeared first on InvestorPlace.
A lithium sector-related exchange traded fund lit up on Thursday after Australian retail conglomerate Wesfarmers Ltd offered a bid to acquire lithium miner Kidman Resources Ltd and Tesla (NasdaqGS: TSLA) ...
As more investors grow comfortable with the exchange traded fund investment vehicle, many are looking at niche or so-called thematic ETFs that help further hone in on potential market opportunities. “I ...
The oft-overlooked materials sector is a cyclical group and a small slice of the broader U.S. equity market, but for tactical investors, there are some compelling opportunities in this group.That includes mining stocks and the related exchange-traded funds (ETFs). Mining ETFs are considered industry funds and many are more volatile than traditional materials ETFs. While materials funds are usually heavily allocated to chemicals makers, investors willing to take on the added volatility associated with mining ETFs can access more focused assets, including precious metals miners, coal, steel and more.Another element investors need to acknowledge with mining ETFs is the array of factors that can affect these investors. Those factors include the strength of the U.S. dollar, international trade deals, geopolitical events and the strength of emerging markets economies.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Oversold Stocks to Run From For investors willing to add some more risk to their portfolios, here are some mining ETFs to consider. VanEck Vectors Gold Miners ETF (GDX)Expense Ratio: 0.53%, or $53 annually per $10,000 investedThe VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is not just the largest gold miners fund, it is one of the dominant names among mining ETFs of any stripe. Investors that are familiar with GDX and other gold mining ETFs know that simply because spot gold prices are rising, that does not mean miners will join in on that action.However, arguably the biggest risk with gold miners equities is that these stocks will overshoot the declines in spot gold. That scenario is happening right now. The SPDR Gold Shares (NYSEARCA:GLD) is lower by 2.68% this month, but GDX is down 7.78% over the same period and is in danger of falling below its 200-day moving average."The gold stocks are mired in something of a psychological limbo these days," reports Mining.com. "They aren't exactly out of favor, but there's little enthusiasm for this sector. Investors and speculators have largely lost interest for technical, sentimental, and fundamental reasons."Year-to-date, investors have pulled $1.36 billion from GDX. SPDR S&P Metals & Mining ETF (XME)Expense Ratio: 0.35%The SPDR S&P Metals & Mining ETF (NYSEARCA:XME) is a diverse mining ETF. This equal-weight fund, which is nearly 13 years old, targets the S&P Metals and Mining Select Industry Index.The $433.35 million XME "seeks to provide exposure to the metals & mining segment of the S&P TMI, which comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel," according to State Street.XME holds just 29 stocks, more than half of which are steelmakers. Domestic steel stocks have benefited from the White House's tariff's on foreign steel, but that news has already been baked into those stocks. * 10 Stocks to Sell Before They Give Back 2019 Gains XME is a credible mining ETF for tactical traders with elevated risk tolerance. Over the past three years, this mining ETF's average annualized volatility was 27.30%, or 1,200 points above the same metric on the S&P 500 Materials Index. Global X Lithium & Battery Tech ETF (LIT) Expense Ratio: 0.75%The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) is often viewed as more of a thematic fund than a dedicated mining ETF, but several of LIT's 39 holdings actually do mine and produce lithium. While LIT has been a roller coaster ride for a while now, as highlighted by a 12-month loss of 15%, this is arguably one of the more compelling mining ETFs.Traditional mining ETFs focus on companies that are engaged in old school industries, such as coal mining and steel production. Conversely, LIT is at the epicenter of some futuristic trends, including the global shift to electric vehicles, which are powered by lithium-ion batteries."Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year," reports Mining.com. "The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries, says among all metals and materials found in EV battery cathodes, lithium use saw the greatest gains."With electric vehicles just a few years away from meeting traditional automobiles in terms of price synergies, LIT is one of the most compelling mining ETFs in terms of favorable long-term fundamentals. Invesco S&P SmallCap Materials ETF (PSCM)Expense Ratio: 0.29%As its name implies, the Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) is a materials fund, not a dedicated mining ETF, but the fund does have some mining exposure and represents a solid choice for investors looking for mining exposure without the commitment of a fund explicitly dedicated to this industry.PSCM's 34 member firms "are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals," according to Invesco. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns More than 17% of PSCM's holdings are considered mining companies. Nearly 36% of the mining ETF's components are classified as value stocks while more than 29% are considered growth stocks. PSCM is beating the large-cap XLB by nearly 800 basis points YTD. Global X Silver Miners ETF (SIL) Expense Ratio: 0.65%Many of the same dynamics that apply to gold and gold mining ETFs apply to silver and the related miners. That makes sense because silver often follows gold in either direction. Currently, that is problematic for the Global X Silver Miners ETF (NYSEARCA:SIL), which is lower by nearly 11% this month.What is concerning about SIL's price action this year and that of silver itself is that the global economy is mostly strong. That should benefit silver because about half the demand for the white metal is industrial demand. Additionally, some market observers argue that the silver market is not in a supply deficit despite reports to the contrary. If there were a legitimate supply deficit, then silver and the related mining ETFs would likely be displaying better price action.For the seven trading sessions ending Tuesday, April 23, SIL closed lower on six of those days and now resides about 5.50% below its 200-day moving average. This is a mining ETF for traders to keep on their radars, but being in it right now is a risky bet at best.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 5 Mining ETFs to Dig Into appeared first on InvestorPlace.
The Global X Lithium & Battery Tech ETF (LIT) is up almost 8% this year, a performance that while solid, could also be indicating that investors are not fully appreciating the stout fundamentals underpinning the global lithium market. LIT, which is nearly nine years old, tracks the Solactive Global Lithium Index. One of the oldest thematic ETFs, LIT is designed to provide exposure to “the full lithium cycle, from mining and refining the metal, through battery production,” according to Global X.
Albemarle Ups Its Quarterly Dividend for the 25th Straight Year(Continued from Prior Part)Albemarle’s dividend yield At the close of market on March 14, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of ~1.75%.
Specialty Chemical Companies: Business Updates Last Week(Continued from Prior Part)Albemarle’s quarterly dividendOn February 26, Albemarle’s (ALB) board of directors declared the quarterly dividend. The company declared a quarterly dividend of
Wealth Minerals (WML.V) (WMLLF) is a junior mineral exploration company that is well-positioned to benefit from its portfolio of prospective lithium projects in the Lithium Triangle. Management intends to advance its concessions through exploration programs and opportunistically acquire additional ones. The Agreement with ENAMI creates a path for the development of Wealth’s Atacama and Laguna Verde Projects.
NEW YORK , Feb. 12, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of seventeen additional ETFs to Schwab ETF OneSource, ...
Albemarle: Citibank Downgraded It to 'Neutral'Citibank downgraded Albemarle On February 5, Citibank downgraded Albemarle (ALB) from “buy” to “neutral” and reduced the target price to $81 from the previous target price of $90. Citibank stated
Shares of Tesla fell by around 13% on Jan 18, after the company announced that it will cut around 7% of its workforce and lowered its guidance for fourth-quarter profit, putting related ETFs in focus.
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Albemarle starts earthworks Albemarle (ALB) isn’t wasting any time. Albemarle entered into a joint venture agreement with Mineral Resources Australia on December 17 for 50% interest in Mineral Resources’ Wodgina hard rock lithium project in Western Australia. Albemarle has started earthworks at the Kemerton Strategic Industrial Area in Western Australia—the lithium hydroxide conversion site. Albemarle received approval from the federal and state government to start the Kemerton plant. The plant will have the capacity to produce 60,000 tons of lithium hydroxide. The capacity can be expanded to 100,000 tons if required. Albemarle expects the plant to be completed and commissioned in 2021. Eric Norris, Albemarle’s president for the Lithium segment, said, “The site earthworks at Kemerton today are on track with our projections. Achieving this milestone underscores our commitment and confidence in developing LiOH operations in Western Australia and in our overall strategy to drive significant shareholder value and meet our customers’ demands.” ## Stock update Although there were positive developments, negative sentiments around the stock continued to increase. As a result, Albemarle stock declined 0.7% and closed at $76.24 for the week ending January 4. The Global X Lithium ETF (LIT), which holds 4.6% of its portfolio in Albemarle, outperformed Albemarle and gained 1.3% the previous week. The decline in the stock price caused Albemarle to trade 19.8% below the 100-day moving average price of $95.07. Albemarle’s 100-day moving average has declined from the high of $132.40. In 2018, Albemarle declined 39.75%. Analysts appear to be bullish on the stock. Analysts have recommended a target price of $120.40, which implies a return potential of 57.9% over its closing price on January 4. Albemarle’s 14-day relative strength index is at 36, which indicates that the stock isn’t overbought or oversold. LIT also provides exposure to FMC (FMC), Tesla (TSLA), and Johnson Controls (JCI) with weights of 15.2%, 4.1%, and 3.2%, respectively, as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition
Albemarle (ALB), the world’s largest producer of lithium, fell 20% in December and underperformed the broader market S&P 500 (SPY), which declined by 9.2%. The continued tussle with the Chilean government about production quotas, pricing, and the environmental authority of Chile’s refusal to provide a license has delayed progress in Chile. The latest development suggests that Chile is likely to delay the arbitration with ALB in expectation of a new offer to be in compliance with the 2016 contract.
On December 17, Albemarle (ALB) announced that it signed a joint agreement with Mineral Resources Australia. As a result of the joint venture, Albemarle will acquire 50% interest in Mineral Resources’ Wodgina hard rock lithium project in Western Australia. Albemarle announced the joint venture on November 21.
This article was originally published on ETFTrends.com. The Global X Lithium & Battery Tech ETF (LIT) derives its performance on a lithium industry that relies heavily on the electric vehicle market and its ability to gain wider adoption by prying away motorists from petrol cars. A confluence of increasing demand and regulatory changes could spark more growth for electric vehicle adoption, which will benefit LIT.
Long viewed as one of the primary avenues for playing the electric vehicle boom, the Global X Lithium & Battery Tech ETF (LIT) , which tracks the full lithium cycle from mining and refining through battery production, is down more than 20% this year. Tighter supply in the global lithium market could impact LIT. LIT is more than eight years old and targets the Solactive Global Lithium Index.
At the close on November 29, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of 1.38%. In comparison, FMC (FMC), W.R. Grace (GRA), and Sociedad Química y Minera de Chile (SQM) have current dividend yields of 0.83%, 1.55%, and 4.6%, respectively. Although Albemarle’s dividend yield rose by 40 basis points compared to the previous year, it still trails its peers including W.R. Grace and Sociedad Química y Minera de Chile.