It’s amazing to think that Li was as hot two years ago as AI is today; how things change! We see no catalyst to start accumulating the LIT ETF just yet, but a few positive signs are slowly looming on the horizon, and it’s worth watching for a turnaround down the track.
- We like the LIT ETF for its broad exposure to the lithium sector rather than to miners, but we’re not in a hurry.
NB LIT’s three largest holdings are Albemarle at 8.9%, Resla at 6.3%, and TDK Corp at 6.1%, while Minerals Resources has a 4.7% position.
MM is neutral on the LIT ETF ~$US38
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