5 Best Lithium ETFs

4. Global X Lithium & Battery Tech ETF (NYSE:LIT)

5-Year Performance as of September 4: 91.74%

The objective of the Global X Lithium & Battery Tech ETF (NYSE:LIT) is to achieve investment outcomes that generally match the price and yield performance of the Solactive Global Lithium Index, excluding fees and costs. Global X Lithium & Battery Tech ETF (NYSE:LIT), known as one of the best lithium ETFs, launched on July 22, 2010. It invests across the complete lithium supply chain, encompassing activities from mining and metal refining to battery manufacturing. As of September 1, 2023, the fund holds net assets worth $2.85 billion and features an expense ratio of 0.75%. Its portfolio comprises 40 stocks. 

Albemarle Corporation (NYSE:ALB) is the largest holding of Global X Lithium & Battery Tech ETF (NYSE:LIT). Albemarle Corporation (NYSE:ALB) creates, produces, and sells specialized chemicals used in different industries around the world. The company is divided into three segments – Lithium, Bromine, and Catalysts. Its services are utilized in sectors like energy storage, refining petroleum, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection.

According to Insider Monkey’s second quarter database, 41 hedge funds were bullish on Albemarle Corporation (NYSE:ALB), same as the last quarter. Philippe Laffont’s Coatue Management held a significant position in the company, with 691,853 shares worth $154.35 million.

Aristotle Small/Mid Cap Equity Composite made the following comment about Albemarle Corporation (NYSE:ALB) in its second quarter 2023 investor letter:

“Albemarle Corporation (NYSE:ALB), the world’s largest lithium producer was sold from the portfolio amidst the announcement from Chile’s president that he would nationalize the country’s lithium industry and in time transfer control from SQM and Albemarle to a separate state-owned company effectively changing long-term risk/reward ratio of the stock, in our view.”