Global X Lithium & Battery Tech ETF (LIT)
- Previous Close
37.26 - Open
38.98 - Bid --
- Ask --
- Day's Range
39.05 - 39.65 - 52 Week Range
34.65 - 55.98 - Volume
655,643 - Avg. Volume
313,095 - Net Assets 1.18B
- NAV 37.24
- PE Ratio (TTM) 8.77
- Yield 1.59%
- YTD Daily Total Return -26.39%
- Beta (5Y Monthly) 0.99
- Expense Ratio (net) 0.75%
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the lithium industry. The fund is non-diversified.
Global X Funds
Fund Family
Natural Resources
Fund Category
1.18B
Net Assets
2010-07-22
Inception Date
Performance Overview: LIT
View MoreTrailing returns as of 9/23/2024. Category is Natural Resources.
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Holdings: LIT
View MoreTop 10 Holdings (53.51% of Total Assets)
Sector Weightings
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Research Reports: LIT
View MoreLithium: We Expect a Recovery in 2025
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.
RatingPrice TargetLithium: We Expect a Recovery in 2025
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
RatingPrice TargetLithium: Producer Shares Rally on High-Cost Supply Cut
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
RatingPrice TargetLithium: Producer Shares Rally on High-Cost Supply Cut
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.
RatingPrice Target