Lithium-The Electrification of Transportation

November 8, 2022

Mish's Daily

By Mish Schneider

Written by Wade Dawson and Michele Schneider

The lithium market is insignificant in comparison to more established commodity markets – yearly global oil output is worth more than $3 trillion at present rates.

The race to secure lithium supplies is on.

While lithium demand multiplies, geopolitical concerns between China and the West have made securing a reliable supply of lithium more difficult.

Lithium is becoming one of the world's most sought commodities, yet the annual amount globally is still tiny.

Battery makers and EV manufacturers have been rushing to lock in supplies.

The electrification of transportation, tight supply, and robust EV sales are causing prices to skyrocket.

Do you know the best way to trade Lithium profitably? Or how to position your trading in anticipation of this secular trend?

Global X Lithium & Battery Tech ETF (LIT) broke out above the 50-day MA and is looking to take out the 200-day MA.

The Global X Lithium & Battery Tech ETF (LIT) provides investors access to companies involved in the entire lithium cycle, from mining and refining to producing lithium batteries.

Lithium's importance to the global economy will only increase in the coming years as we move towards a more electrified world.

LIT is displaying strong price leadership, as seen by the MarketGauge Triple Play Leadership indicator, with the blue line above the red line indicating that LIT is leading the market.

LIT also displays improved price momentum in the MarketGauge Real Motion Indicator. The Real Motion Indicator and the Triple Play Indicator aid trading performance by validating price direction and momentum strength.

LIT is an ETF that offers global exposure to the Lithium market, so if you're looking to position your trading for the future of transportation, consider adding LIT to your portfolio holdings.

We expect strong demand coupled with Lithium's restricted supply to sustain a favorable pricing environment for the foreseeable future.

Contact us today if you want to get started trading and learn how we can help you trade and capitalize on big trends.

You can sign up for a consultation with Rob Quinn, our Chief Strategy Consultant, to learn more about Mish's Premium trading service.

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