20 minute delayed
Join Market Matters and get full access to all our Opinion + Action
No quote stored for this listing yet.
This data is not available at the moment.
This data is not available at the moment.
No consensus estimates are available for this company.
Ratios are not available for this company yet.
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financials (AUD, millions)
Financial statements are not available for this company yet.
Announcements
Announcements are available for ASX-listed companies only.
The lithium anchored ETF has also bounced ~40% from its 2025 low. Our preferred scenario is that we see a few weeks of consolidation by this ETF, similar to that in May, before another push to new 2025 highs: 41% of this ETF is allocated to Chinese stocks and 20% the US, with Albermarle the largest holding at ~9.2%.
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.
At this stage, local mining giants such as BHP haven’t considered the sector because earnings wouldn’t move the dial on their balance sheet but never say never as the industry evolves i.e. this is unlikely to be a playing field for the large end of town over the next 12 months. However, this remains a hot/active space.
Lithium-ion batteries are not new, they’ve been powering laptops, mobile phone batteries, and even off-grid camping setups for some time, however, it’s the growth in electric vehicles that is driving the demand for this lightweight, high-energy-density input. China is the largest and fastest-growing EV market in the world, however, the growth is slowing. The market more than doubled in 2021 & 2022 while this year it is expected to grow by around 30% - still very solid numbers in a huge market where 25% of all new vehicles sold are EVs. Slower demand this year caused a big decline in prices of raw materials and the stocks that mine them.
Socially responsible ESG investing has seen a huge inflow of funds over recent years with 2021 arguably the year that really catapulted the trend into the limelight, ESG funds now account for around 10% of worldwide assets although it now it looks like things got ahead of themselves with the Global X Lithium & Battery ETF (LIT US) already correcting 37% from its November high. Like many “hot” trends in stocks things can get...
The outstanding performance of the lithium and battery facing ETF (LIT US) is another illustration of the recent gains in stocks and commodities exposed to EV’s, it still looks bullish as does the locally traded ACDC ETF we hold in our Global Macro ETF Portfolio.
The Lithium Sector has significantly outperformed the broad market from the pandemic panic lows in March 2020, investors have been clambering over themselves to gain exposure to sustainable energy investing i.e. the relatively new acronym ESG Investing stands for “Environmental, social and corporate governance”. Many fund managers have been mandated...
MM is bullish on the LIT ETF ~$US43
MM is neutral Lithium Spodumene ~US$700
MM Is cautiously bullish the LIT ETF
MM is neutral on the LIT ETF ~$US38
MM is neutral to mildly bearish toward the lithium price
MM likes the LIT ETF after its 37% correction
MM is bullish the ACDC & LIT ETF’s
MM likes the LIT into pullbacks
The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production. The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
JOIN NOW
Something went wrong. Please try again in a moment.
