AKE Chart, page-4991

You guys do understand that the LIT ETF is literally the Li mining, battery and EV manufacturers + a few currencies right?

Components of the LIT ETF:

	1	ALB	Albemarle Corporation	8.45%	1,354,467
2	RIVN	Rivian Automotive, Inc.	6.69%	8,166,559
3	TSLA	Tesla, Inc.	6.40%	816,862
4	6752.T	Panasonic Holdings Corp	5.90%	16,198,897
5	BY6.DE	BYD Co Ltd Class H	5.54%	5,231,774
6	6762.T	TDK Corp	5.09%	4,375,608
7	300750.SZ	Contemporary Amperex Technology Co Ltd Class A	4.63%	4,703,309
8	006400.KS	Samsung SDI Co Ltd	4.03%	257,518
9	SQM	Sociedad Química y Minera de Chile S.A.	3.57%	1,652,272
10	373220.KS	LG Energy Solution Ltd	3.40%	261,109
11	300014.SZ	EVE Energy Co Ltd Class A	3.40%	13,836,488
12	PLS.AX	Pilbara Minerals Ltd	3.25%	33,675,668
13	002371.SZ	NAURA Technology Group Co Ltd Class A	3.11%	2,642,441
14	002466.SZ	Tianqi Lithium Industries Inc Class A	3.08%	11,137,541
15	002460.SZ	Ganfeng Lithium Group Co Ltd Class A	3.01%	12,132,740
16	MIN.AX	Mineral Resources Ltd	2.74%	1,924,656
17	IGO.AX	IGO Ltd	2.42%	8,569,748
18	002812.SZ	Yunnan Energy New Material Co Ltd Class A	2.06%	5,114,359
19	AKE.AX	Allkem Ltd	2.01%	6,794,657
20	002709.SZ	GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD Class A	1.99%	12,863,478
21	066970.KQ	L & F Co Ltd	1.62%	280,573
22	LCID	Lucid Group, Inc.	1.61%	7,394,105
23	603659.SS	Shanghai Putailai New Energy Technology Co Ltd Class A	1.55%	9,382,411
24	ENS	EnerSys	1.50%	464,809
25	LTHM	Livent Corporation	1.50%	2,064,696
26	300450.SZ	Wuxi Lead Intelligent Equipment Co Ltd Class A	1.46%	10,855,536
27	300037.SZ	Shenzhen Capchem Technology Co Ltd Class A	1.08%	5,212,998
28	LTR.AX	Liontown Resources Ltd	1.08%	19,680,442
29	QS	QuantumScape Corporation	1.00%	2,655,017
30	300207.SZ	Sunwoda Electronic Co Ltd Class A	0.97%	14,123,991
31	300073.SZ	Beijing Easpring Material Technology Co Ltd Class A	0.87%	4,200,248
32	ENVX	Enovix Corporation	0.84%	1,310,727
33	LAC	Lithium Americas Corp.	0.80%	1,369,287
34	SGML.V	Sigma Lithium Corp	0.69%	615,483
35	6121.TWO	Simplo Technology Co Ltd	0.54%	1,864,980
36	6674.T	GS Yuasa Corp	0.51%	844,527
37	5631.T	The Japan Steel Works Ltd	0.47%	754,987
38	FREY	FREYR Battery	0.35%	1,406,971
39	n/a	Cash	0.26%	8,536,366
40	CXO.AX	Core Lithium Ltd	0.25%	19,439,660
41	SYA.AX	Sayona Mining Ltd	0.25%	81,612,575
42	n/a	Taiwan Dollar	0.02%	21,597,020
43	n/a	Japanese Yen	0.00%	890,046
44	n/a	Chinese Yuan Renminbi	0.00%	11,601
45	n/a	Hong Kong Dollar	0.00%	2,641
46	1100.HK	Mainland Headwear Holdings Ltd	0.00%	5
47	n/a	British Sterling Pound	-0.00%	n/a
48	n/a	Euro	-0.00%	1,033

AKE + LTHM make up 3.5% of it (combined).

Secondly LTHM and AKE are considered married to each other now so should move pretty much in tandem, just like GXY & OKE did in the months before their merger was finalised after initial announcement. Lastly LIT is effectively a follower of the major driver for all Li stocks (given it is made up of the big ones and their customers), which is the Li spod and carbonate prices. Hydroxide for some reason seems to have much less association.

Spod and carbonate are trending down at the moment, so most Li stocks are doing the same. When that reverses the stocks go up. Simples. Li prices do whatever the Chinese Gov has decided they will do, or at least whatever their policies are causing them to do, since I doubt they make a conscious decision about Li raw materials per se. When China stops being the dominant processor and consumer then other country's policies will have more of an impact. At the moment it makes little difference even whether the company concerned sells to China or not.

Been like this for many years.