Weakness in lithium is an opportunity.
Granted, lithium prices are struggling at multi-year lows, forcing some miners to consider closing down mines and delaying projects. But I’d use that as a reason to buy for the long term.
After all, we’ve seen this play out before.
In 2018, prices peaked on oversupply, which lead to a massive 60% crash in lithium prices. Miners were forced to close mines and delay projects. In fact, with prices ridiculously low, producers didn’t have any incentive to dig, which would lead to a massive deficit.
By 2022, lithium prices would explode because of that deficit. All thanks to massive new demand for electric vehicles and all things green.
We’re seeing the same thing play out again.
Mines will close. Projects will be delayed. Supply will dry up. And before long, lithium prices will explode again on underinvestment and a lack of supply. All as the world fights to go green and put millions of EVs on the roads. In short, use the weakness as a reason to buy.
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While you can always buy industry giants like Albemarle (SYM: ALB) and Sociedad Química y Minera de Chile S.A. (SYM: SQM), there are also oversold ETFs to consider such as: With an expense ratio of 0.59%, the ETF holds stocks that benefit from the development and production of lithium battery technology. Some of its top holdings include BHP Group, Tesla, BYD, Albemarle and Rivian Automotive. |
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ETF: Global X Lithium & Battery Tech ETF (SYM: LIT) Or, you can diversify at a lower cost with an ETF like the Global X Lithium & Battery Tech ETF. Some of its top holdings include Albemarle, Tesla, BYD, Panasonic Holdings, and Livent. |
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ETF: iShares Lithium Miners and Producers ETF (SYM: ILIT) There’s also the iShares Lithium Miners and Producers ETF. The ETF invests in 44 lithium miners and producers with an expense ratio of 0.47%. That includes Arcadium Lithium, Pilbara Minerals, Albemarle, Lithium Americas, and Sigma Lithium. |
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