Hi Kevo,
Im not sure how relevant that etf is to us now that the fund composition has been comprehensively reinvented and now heavily weighted towards downstream players, especially battery makers and OEMs as opposed to miners and converters which was previously moreso the case. Its skewed for example by Tesla which just hit USD1371 last night on what looks like another short covering rally. We can look forward i hope to a similar rally when the 55m units of INR currently reported as short sold will need to be covered at some point.
Not saying the LIT fund should be completely ignored and unfortunately i cant suggest an alternative, not sure if there is any fund out there focused on upstream lithium.
Unfortunately, even the hydroxide spot price is not really indicative of contract prices achieved for good BG product and I believe that we can only rely on the quality of our own product and the contract prices our management can negotiate for it.
Hi Kevo,Im not sure how relevant that etf is to us now that the...
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Mkt cap ! $411.8M | |||
| Open | High | Low | Value | Volume |
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Change
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