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%. For an ASX alternative, we like the ACDC ETF, held by Shawns Trading Ideas, but having less direct exposure to lithium miners, it was flat in yesterday’s trade.
- We like the risk/reward towards the US-traded LIT ETF targeting an eventual retest of the $US50 area, or 15% higher.
MM is bullish on the LIT ETF ~$US43
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