Lithium ETF (LIT) Hits New 52-Week High

Group 1 - The Global X Lithium & Battery Tech ETF (LIT) has reached a 52-week high, increasing by 78.9% from its 52-week low of $31.44 per share [1][2] - The underlying Solactive Global Lithium Index tracks major companies involved in lithium exploration, mining, and battery production, with LIT charging 75 basis points in annual fees [1] - The surge in demand for lithium and battery metals, driven by global decarbonization efforts, is expected to alleviate the global supply glut, positively impacting lithium mining stocks and ETFs like LIT [2] Group 2 - LIT has a positive weighted alpha of 47.86, indicating potential for continued gains for investors [3]