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Lithium ETF Rebounds on Improved Demand, Economy

After the steep drop-off last year when investors turned away from riskier commodity plays, the lithium exchange traded fund has surged this year on higher demand as global economies reveal improvements in manufacturing and consumption.

Global X Lithium ETF (NYSEArca: LIT) is up 20.5% year-to-date, compared to the 23.4% drop over the last year. The fund recently crossed over its 200-day exponential moving average.

Lithium is an integral part in electronic parts. For instance, the future of electric cars depends on the lithium battery, and with higher gas prices, energy efficient cars, along with lithium, may see higher demand, according to Benzinga.


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