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LIT - The EV Metals Miners Are The Cheapest They Have Been Since 2015/2016
Global X Lithium & Battery Tech
This article first appeared on Trend Investing on March 17, 2020; therefore, all data is as of that date.
With US markets down 30% from their recent highs and panicked investors hitting the sell button, this has taken the EV metal miners from being oversold to now the cheapest they have ever been since 2015/16 as a group. Or put simply, prices for EV metals miners have become so low it is now ridiculous.
There is some justification, of course. If the global economy grinds to a 1-2 month halt due to the coronavirus, then