Lithium Drives Revolution in Electric Cars and Mobile Electronics
Demand for lithium is forecasted to double in this decade thanks to a wide range of applications for this metal that is half the weight of water: materials, glass, pharmaceuticals, mobile electronics, power tools, hybrid cars, and electric cars. Lithium ETF is dominated with large mining firms such as Sociedad Quimica y Minera de Chile, FMC Corporation, and Rockwood Holdings. The fund’s largest lithium battery company holdings include Saft, Ener1, ABT, GS Yuasa, and A123.