The Fund seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index. 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. Over the next decade, global leaders want to put millions of electric vehicles on the roads. President Biden, for example, wants 51% of all new autos to be electric by 2030. Even the International Energy Agency believes we could see EV sales reach 14 million this year from 10 million in 2022, creating an opportunity for hot EV stocks to buy. The push for more electric vehicles (EVs) on the road amid a global move away from fossil fuels is creating exponential growth opportunities for lithium.

In addition to using this type of analysis on other battery materials, Bazant anticipates that it could be useful for studying pattern formation in other chemical and biological systems. “This is the first study that’s been able to directly attribute a property of the battery material with a physical property of the coating,” Bazant says. “The focus for optimizing and designing batteries should be on controlling reaction kinetics at the interface of the electrolyte and electrode.” Roos Professor of Chemical Engineering and a professor of mathematics at MIT, who is the senior author of the study.

Global X Lithium & Battery Tech ETF (LIT)

“Every little pixel in there is jumping from full to empty, full to empty. And we’re mapping that whole process, using our equations to understand how that’s happening,” Bazant says. And Z.L.W. conceived the idea and supervised the experiment. On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Since the start of the year, the DRIV ETF ran from about $19.50 to a high of $27.80 before backing off to $24.15.

• Global X Lithium & Battery Tech ETF’s stock is owned by many different institutional and retail investors.
• We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
• “We discovered at the nano scale that variation of the carbon coating thickness directly controls the rate, which is something you could never figure out if you didn’t have all of this modeling and image analysis,” Bazant says.
• But if those margins show signs of stabilizing in Tesla’s October earnings report, the stock could run even higher.
• One share of LIT stock can currently be purchased for approximately $57.53.
• A typical particle is about 1 micron in diameter and about 100 nanometers thick.

Get our overall rating based on a fundamental assessment of the pillars below. In the late 2010s, there was a “gold rush” for lithium producing and exploration equities. All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

Plus, overall EV sales should increase from $206 billion to $957 billion by 2030, as noted by the Comprehensive Research Report, with Tesla leading the charge. Tesla Cyber Truck production will start later this year, with a current backlog of 1.9 million units. This section shows how the volatility of this ETF compares to the peer group ETF Database Category. The following charts reflect the allocation of
LIT’s
underlying holdings.

Grow With These Green ETFs and Mutual Funds

Ltd. (1.00%), PNC Financial Services Group Inc. (0.82%), Royal Bank of Canada (0.47%) and BlueCrest Capital Management Ltd (0.41%). Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

Global X Lithium & Battery Tech ETF’s stock was trading at $58.61 at the start of the year. Since then, LIT shares have decreased by 1.8% and is now trading at $57.53. The People Pillar is our evaluation of the LIT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

All ETFs by Morningstar Ratings

While it has since pulled back, it’s still among the top EV stocks to buy and hold long term. It just delivered 13,690 smart EVs in August, an increase of 24% month over month and 43% year over year. The company has plans to expand in Germany, Britain, and France next year. Even better, the company just posted a 204.68% jump in net profits for the first half of the year thanks to strong deliveries. That works out to net earnings of $1.5 billion from 3.59 billion year over year. Plus, in the first two quarters, it delivered just under 890,000 vehicles, which was up from 565,000 year over year.

With the global trend towards carbon neutrality, the demand for lithium-ion batteries (LIBs) is continuously increasing. However, current recycling methods for spent LIBs need urgent improvement in terms of eco-friendliness, cost and efficiency. Here we propose a mechano-catalytic method, dubbed contact-electro-catalysis, utilizing radicals generated by contact electrification to promote the metal leaching under the ultrasonic wave. We also use SiO2 as a recyclable catalyst in the process. For lithium cobalt (III) oxide batteries, the leaching efficiency reached 100% for lithium and 92.19% for cobalt at 90 °C within 6 hours. For ternary lithium batteries, the leaching efficiencies of lithium, nickel, manganese and cobalt reached 94.56%, 96.62%, 96.54% and 98.39% at 70 °C, respectively, within 6 hours.

MSCI, S&P, NASDAQ and FTSE indexes have been licensed by MSCI, Standard & Poor’s, NASDAQ OMX and FTSE, respectively, for use by Global X Management Company LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by these entities, nor do these entities make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, https://1investing.in/ Global X nor Mirae Asset Global Investments are affiliated with these entities. As California goes, so goes the automotive industry, given the size of the state’s auto market. California Air Resources Board members voted on Thursday to ban sales of new gas-powered cars by 2035, w… On a weekly basis, VettaFi has sought to respond to advisor needs in a novel way.

How we use your personal data

The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG. Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses.

The results from this study suggest that optimizing the thickness of the carbon layer on the electrode surface could help researchers to design batteries that would work more efficiently, the researchers say. In 2017, Bazant and his colleagues at SLAC received funding from the Toyota Research Institute to pursue further studies using this approach, along with other battery-related research projects. “What I find most exciting about this work is the ability to take images of a system that’s undergoing the formation of some pattern, and learning the principles that govern that,” Bazant says. Sorry, a shareable link is not currently available for this article. Nature Energy thanks Gavin Harper, Jia Li and the other, anonymous, reviewer(s) for their contribution to the peer review of this work.

ETF Prices As of 09/13/23

With the federal Inflation Reduction Act including tax credits for people buying electric vehicles as well as $60 billion for renewable… This ETF offers exposure to companies engaged in various aspects of the lithium industry, thereby giving exposure to a commodity for which many expect the market to surge in coming years. Lithium is used in a number of “next generation” technologies, positioning prices and demand to increase through technological improvements. LIT will often trade as a leveraged play on the underlying natural resource, making it a volatile but potentially powerful tool for betting on the lithium market. The byproduct of a push for more electric vehicles on the road is more lithium demand. As such, Tesla CEO Elon Musk deemed lithium as the “new oil” in a recent tweet.

In 2022, the U.S. equities market got off to its worst start to a year since the dark days of the financial crisis, with many areas of the market, including stocks and stock exchange-traded funds (ETF… The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because cost of equity meaning the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price. The researchers also found that the patterns of lithium-ion flow that they observed could reveal spatial variations in the rate at which lithium ions are absorbed at each location on the particle surface.

Persons in respect of whom such prohibitions apply should not access these websites. By subscribing to email updates you can expect thoroughly researched perspectives and market commentary on the trends shaping global markets. Topics may span disruptive tech, income strategies, and emerging economies. Global X Management Company LLC serves as an advisor to Global X Funds.

“It was a real surprise to us that we could learn the heterogeneities in the system — in this case, the variations in surface reaction rate — simply by looking at the images,” Bazant says. “There are regions that seem to be fast and others that seem to be slow.” “Lithium iron phosphate (LFP) is an important battery material due to low cost, a good safety record, and its use of abundant elements,” Storey says. “We are seeing an increased use of LFP in the EV market, so the timing of this study could not be better.” “By applying image learning to these nanoscale movies, we extract insights that were not previously possible.”

The Parent Pillar is our rating of LIT’s parent organization’s priorities and whether they’re in line with investors’ interests. The subsequent website(s) may be governed by different privacy policies, terms and conditions, or regulatory restrictions. Links to these websites are not intended for any person in any jurisdiction where – by reason of that person’s nationality, residence or otherwise – the publication or availability of the website is prohibited.