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Major lithium producer, Rockwood, rings
the opening bell at the New York
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The lithium fund launched by New York’s Global X last year, the first of its kind in the lithium industry, has become one of the group’s most successful, the group’s CEO told
IM.
As the key ingredient in next-generation battery technology, lithium – which was way off the radar for most resource and commodities investors 10 years ago – is now gaining widespread interest.
The Global X Lithium Exchange Traded Fund (ETF) was created to allow give investors broad exposure to both the lithium resource and lithium-ion battery sectors.
The ETF was launched in late July 2010 at around $15. The fund reached highs of over $24 at the start of 2011, but by late August had retreated to...