“A great company is not a great investment if you pay too much for the stock.” - Benjamin Graham
As the ascent of Global X Lithium ETF (LIT) continues (Fig. 1), investor become increasingly enthusiastic about lithium-related companies. However, as we pointed out in a previous article entitled "Where The Money Is In The Electric Vehicle Supply Chain" (see here),
The suppliers of critical raw materials for battery cells hold strategic chokepoints in the EV supply chain.
This is why the lithium raw material suppliers have received a lot of attention lately.