Give the Global X Lithium ETF (NYSE: LIT) some credit. The lone exchange traded fund dedicated to lithium equities is shining while Elon Musk's Tesla Motors Inc (NASDAQ: TSLA), arguably the most recognizable individual stock associated with lithium, is faltering.
Year-to-date, LIT is up 22.2 percent while TSLA is lower by 8.5 percent. Much of the skepticism surrounding lithium stocks is being applied to Tesla and that company's ability to deliver a highly desirable product at an appealing price point.
Battery demand is important, but it isn't the only part of the lithium story.
"It is important to note that despite lithium’s common association with batteries, over 60% of current lithium demand comes from industrial applications, such as glass, ceramics, lubricants, and casting ...
/www.benzinga.com/analyst-ratings/analyst-color/16/06/8059414/lithium-etf-easily-outshines-tesla-but-that-shouldnt-be- alt=Lithium ETF Easily Outshines Tesla, But That Shouldn't Be Surprising>Full story available on Benzinga.com
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