The ETF "LIT" is coming off a down-cycle and may be an interesting long-term investment in the electric vehicle space at these levels.
LIT invests in companies throughout the lithium cycle, including mining, refinement and battery production, cutting across traditional sector and geographic definitions. Despite the fits and starts of electric vehicle adoption, if you think that EVs prices will eventually come down, and that charging infrastructures will expand in the coming years, this ETF may be an interesting long-term play in the EV space. The companies in this ETF will be relevant regardless of which EV car manufacturers come out on top.
As always, this is not financial advice. Do your own research.
If you find these posts useful and timely, please share with a friend or colleague.
Comments