“Lithium is used almost exclusively for industrial purposes, and its price will, thus, fluctuate with industrial activity,” according to the profile.
The ETF is down nearly 16% in 2011.
Deutsche Bank in a recent note on A123 Systems said although the stock is “relative speculative” the company is “a compelling way to take advantage of the growth in vehicle electrification, as well as the use of lithium-ion batteries to enhance electric grid performance.”
Global X Lithium ETF
