Within the commodities space, a number of interesting opportunities have begun to emerge for those with long investment time horizons and are willing to put their money to work in sectors which may carry short-term volatility.
One such sector which I argue investors should consider given global growth trends which are poised to take a number of private and public companies into the future is the lithium space. Lithium miners, distributors, and end users of the rare earth metal are already competing in a race to produce the best and most efficient batteries to power a growing autonomous vehicle industry, which is still in its infancy.
Global X Lithium & Battery Tech ETF (NYSE:LIT) is one excellent exchange traded fund (ETF) which tracks the broader movements of the lithium sector overall.
Using ETFs such as the Global X Lithium and Battery ETF to make a broad-based play on this sector is a strategy which I believe to be prudent, given the wide range of companies spanning this sector with varying levels of balance sheet stability and earnings quality.
Invest wisely, my friends.