What is the Global X lithium & battery tech ETF (lit)?

The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable).

What is the lithium & battery tech ETF?

The Fund will invest at least 80% of its total assets in the securities of the Underlying Index and of companies that are economically tied to the lithium industry. LIT | A complete Global X Lithium & Battery Tech ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.

Is Lithium Americas a pure-play lithium producer?

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.

Why are lithium markets so tight?

Due to rising demand and inelastic supply, tight lithium markets are expected to persist through the end of the decade. 1,2 New production techniques like direct lithium extraction could dramatically reduce land, energy, and water use, potentially delivering a host of environmental and operational benefits. 3