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.
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