Like Lithium Stocks? You Might Consider This Lithium ETF

Like Lithium Stocks? You Might Consider This Lithium ETF

Lithium stocks continue to party like it's 1999. Shares of Albemarle (NYSE: ALB), Sociedad Quimica y Minera de Chile, or SQM (NYSE: SQM), and FMC Corp. (NYSE: FMC) -- the three largest lithium producers listed on a major U.S. stock exchange -- have returned  62%, 117%, and 67%, respectively, in 2017, through Oct. 18.

Lithium stocks have been soaring due to the electric car revolution, led by Tesla (NASDAQ: TSLA), which is driving demand for the metal to produce rechargeable lithium-ion batteries that power electric vehicles. The burgeoning energy-storage product market is also poised to become an increasingly stronger demand driver.

Investors who are interested in lithium stocks but don't want to bet on just one or two players have another option: the Global X Lithium & Battery Tech ETF (NYSEMKT: LIT), the only lithium exchange-traded fund. 

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Source: Fool.com