Tesla and Lithium Demand Has LIT up This ETF
September 16, 2016 at 09:00 AM EDT
The price of lithium has soared over the past decade from less than 50,000 to over 150,000 renminbi per metric tonne, according to Thomson Reuters’ data. While some attribute the dramatic rise to nothing more than speculation, others are quick to point out that rising demand from electric vehicles and energy storage justifies the increase. The truth may lie somewhere in between, and investors interested in lithium should read beyond the headlines.