Crisis is creating opportunity in oversold lithium stocks.
After a devastating pullback in the sector, lithium prices are likely to push higher again because the supply-demand situation won’t improve any time soon.
According to SQM, it’s “confident that the boom in electric vehicle (EV) sales will be a crucial driver of global demand for the soft white metal. Electric vehicle sales worldwide are expected to rise by around 30% this year, while lithium demand will increase 20%, the company forecast in its 1H23 results report,” as noted by CNAmericas.com.
Also, the supply-demand issue is only expected to get worse. According to CNBC, “The world could face a shortage for lithium as demand for the metal ramps up, with some analysts forecasting that it could come as soon as 2025.”
BMI, a Fitch Solutions research unit, was among those that predict a lithium supply deficit by 2025. In a recently published report, BMI largely attributed the deficit to China’s lithium demand exceeding that of its supply, they added.
Also, by the end of 2025, some analysts say we could see a deficit of 40,000 to 60,000 tonnes by 2025, and a wider deficit of about 768,000 by 2030.
For those reasons, recent weakness is an opportunity to buy oversold lithium stocks and ETFs. In fact, take a look at these three “cheaper” funds.
|
Company: Global X Lithium & Battery Tech ETF (LIT) |
[Omen] When Central Banks Hoard Gold
Download your FREE Retirement Protection Kit and learn the shocking reason why billionaires are loading up on gold, why Central Banks are buying gold at record rates, a gold investment strategy to “hack” the system and grow your wealth faster, the smart and safe way to invest in gold before the coming bull-run and more…
Click here to get your free copy…
| Company: Sprott Lithium Miners ETF (LITP) Even the Sprott Lithium Miners ETF is oversold at support dating back to March. With an expense ratio of 0.65%, the ETF provides exposure to lithium mining companies, such as Pilbara Minerals, Albemarle, Livent Corp., Sigma Lithium, Lithium Americas, and Core Lithium to name a few of the top ones. |
FREE Report: MarketBeat’s Top 10 stocks to own now.
Discover… MarketBeat’s #1 AI stock to buy now (we’d be willing to bet 99% of investors have never heard of it) …A consumer staples giant that’s posting double- digit growth…A high-yielding tech stock trading at a cheap 12X earnings…off-the-radar tech stock about to revolutionize the “electrification” industry.
And much more!
Get your copy now FREE
| Company: Amplify Lithium & Battery Technology ETF (BATT) With an expense ratio of 0.59%, the BATT ETF provides exposure to global companies deriving material revenue from developing, producing, and using lithium battery technology. Some of its top holdings include Tesla, Albemarle, Sociedad Quimica, and Panasonic. |
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
🔔 Subscribe to Behind the Markets for more insights and updates on financial trends and market analysis!
✅ SUBSCRIBE TO THE CHANNEL 👇🏼👇🏼
https://www.youtube.com/channel/UCczJ4YRRQLl6KrH06iapaRw?sub_confirmation=1
✅ VISIT OUR WEBSITE 👇🏼👇🏼
https://behindthemarkets.com/](https://behindthemarkets.com/wp-content/plugins/youtube-feed-pro/img/placeholder.png)
