The recent launch of the lithium exchange traded fund (
) has gotten a lot of attention. The ETF is currently one of
the only ways to profit from the increased use and popularity of
Lithium is a different source of fuel, but it's touched many
lives and is constantly in demand. It powers lithium-ion batteries
used in cell phones, automobiles, laptops and digital cameras. It's
also a highly-reactive metal that's not traded on any exchange,
reports Matthew McCall for Investopedia
Details About Global X's New Lithium ETF.
Global X Lithium ETF (NYSEArca: Other Minor Metals May Get
Alonso Soto for Reuters reports that
Chile, holder of some of the world's biggest reserves of
lithium, has set output limits for lithium producers SQM and
Rockwood Holdings. Lawmakers have said the country should keep its
tight grip over an industry that could bring billions of dollars in
revenue in the future.
Other uses for lithium include: a mood stabilizing drug,
industrial applications, alloys in aircraft and nuclear physics,
according to Wikipedia
For more stories about lithium, visit our
Tisha Guerrero contributed to this article.