(LIT)

The supply of metal used for electric vehicles and computer batteries has been growing, but stocks of lithium companies are rallying as another mine shuts down.

This summer has brought a renewed focus on alternative assets. Investors are rotating into gold, other precious metals, bitcoin, and option-based strategies.

LIT surged to a new 52-week high, up 56.2% from its low, fueled by rising demand for energy transition minerals.

I recommend selling the Global X Lithium & Battery Tech ETF due to poor 5-year returns and disappointing lithium sector fundamentals. Lithium prices have plummeted 89% since 2022, driven by oversupply...

Rio Tinto and Codelco formed a joint venture to develop a high-grade lithium project in Chile's Salar de Maricunga, strengthening RIO's lithium exposure. The $900 million investment comes as lithium p...