Just_Super
The slowdown in EV sales completely toppled lithium prices and ETFs such as the Global X Lithium & Battery Tech ETF (NYSEARCA:LIT). Lithium futures currently trade at $14.35 after making a high of $85 in late 2022. Whether they merited
LIT: An Opportunity After The Crash
Summary
- The slowdown in EV sales has caused a drop in lithium prices and ETFs like the Global X Lithium & Battery Tech ETF.
- Despite the slowdown, EV sales are still projected to increase, leading to potential growth in the lithium market and a rebound for LIT.
- The low $40s are an attractive entry point at the 2018 high and 50% retrace point.
My approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am a freelance writer and contributor to Matrixtrade.
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