LIT: Oversupply And Slowing EV Adoption Disappoint

  • I recommend selling the Global X Lithium & Battery Tech ETF due to poor 5-year returns and disappointing lithium sector fundamentals. Lithium prices have plummeted 89% since 2022, driven by oversupply and slower-than-expected EV adoption, undermining the ETF's investment case. Valuation remains unattractive despite weak sector prospects and downward revisions in EV growth forecasts.