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home / news releases / LIT - LIT: An Opportunity After The Crash

LIT - LIT: An Opportunity After The Crash

Global X Lithium & Battery Tech

2024-05-14 18:27:57 ET

Summary

  • The slowdown in EV sales has caused a drop in lithium prices and ETFs like the Global X Lithium & Battery Tech ETF.
  • Despite the slowdown, EV sales are still projected to increase, leading to potential growth in the lithium market and a rebound for LIT.
  • The low $40s are an attractive entry point at the 2018 high and 50% retrace point.

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For further details see:

LIT: An Opportunity After The Crash
Stock Information
Company Name: Global X Lithium & Battery Tech
Stock Symbol: LIT
Market: NYSE
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