Crisis will eventually lead to opportunity for lithium stocks.
For one, current lithium prices are not sustainable. Two, production cutbacks could eventually lead to a sizable drop in supply, as we saw the last time lithium prices plummeted. Plus, as noted by Bank of America:
“2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February, but started to trend down in March [and pricing] started to show some strength. While EV sales growth has slowed, it is still 20% for the next few years, and thus we expect the global lithium market to tighten near-term,” as quoted by Barron’s.
It's why we’re looking at lithium stocks and ETFs, such as: |
Gold Is Headed Above $3,000 per Ounce (Here's How to Play It)
With so many strange events happening across the economy (the longest bear market for bonds since the Civil War... unprecedented bank closures... and soaring prices), it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – WITHOUT ever touching an ETF, mining stock, or even bullion.
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Company: Piedmont Lithium (PLL) |
JOLTS OVERNIGHT TRADE DEMONSTRATION
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| ETF: Global X Lithium & Battery Tech ETF (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 to name some of its 46 holdings. |
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Written by Dylan Jovine