Who's selling?, page-45

No problem bonge... I'm not aware of a good Lithium index or ETF that I can compare it to. I can compare it to the Global X Lithium & Battery Tech ETF (ticker LIT - shown in orange below) but a big chunk of this ETF is made up of car companies (like Telsa and BYD) and battery manufacturers (like LG, Samsung and Panasonic). So much so (see the list of LIT holdings below), that I question whether the Global X Lithium & Battery Tech ETF is really even useful as a proxy for the "Lithium" market (which is how people tend to use it - probably because the word "lithium" is quite dominant in its name). Probably a better ETF is the VanEck Rare Earth/Strategic Metals ETF (ticker REMX - shown in turquoise below) as it is mostly Lithium and Rare Earth resource companies. As you can see from the chart below there is weaker correlation between GLN and these ETFs relative to the All Ords correlation (in the above post) - REMX seems to correlate a little better than LIT. But again, it's probably not what you are after in terms of a pure Lithium index.


Global X Lithium & Battery Tech ETFHoldings


REMX - VanEck Rare Earth/Strategic Metals ETFHoldings