Top 10 Lithium Stocks in LIT, the World's First Lithium ETF
Long-term demand for lithium is likely to be strong. This stems largely from the electric-vehicle (EV) revolution, led by Tesla (NASDAQ: TSLA), and the increasing popularity of energy-storage products. Lithium is a key component of lithium-ion batteries, which are the most common type of batteries for EVs and are also used in energy-storage products.
Let's take a look at the Lithium & Battery Tech ETF (NYSEMKT: LIT), which became the world's first lithium-focused exchange-traded fund (ETF) when it launched in 2010. You might decide that one or more of this fund's holdings are worth at least putting on your watch list or that you want to buy the ETF itself.
Image source: Getty Images.
Source Fool.com