Global X Lithium and Battery Tech

ETF description

This ETF focuses on companies involved in the mining, refining, and production of lithium, a key component in rechargeable batteries used in electric vehicles (EVs), smartphones, and renewable energy storage systems. Lithium has become increasingly important due to the global shift toward clean energy and the growing demand for electric vehicles, which require large lithium‑ion batteries. By investing in businesses across the lithium supply chain, this ETF provides exposure to the potential growth of this critical resource.

The fund may appeal to investors who believe in the long‑term expansion of electric vehicles and renewable energy technologies, which are expected to drive lithium demand higher. It may also attract those who are interested in gaining exposure to the broader trend of energy storage and the clean energy transition.

Issuer details

Global X ETFs is a leading provider of specialized thematic and sector‑specific ETFs, with over $50 billion in assets under management as of June 2024. As a subsidiary of Mirae Asset Global Investments, Global X focuses on thematic investing. Founded in 2008 by Bruno del Ama, Global X ETFs is known for its focus on niche and innovative investment themes, allowing investors to access areas of the market experiencing rapid growth and transformation. Notable ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global X Lithium & Battery Tech ETF (LIT), reflecting Global X’s commitment to providing exposure to cutting‑edge industries and trends.

Index details

The Solactive Global Lithium v2 index tracks the performance of the largest and the most liquid listed companies active in exploration and/or mining of lithiumor the production of lithium batteries.