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Lithium Miners ETF (ILIT) Hits New 52-Week High
ZACKSยท 2025-11-14 12:46
Group 1 - The iShares Lithium Miners and Producers ETF (ILIT) has reached a 52-week high and is up 134.1% from its 52-week low price of $6.46 per share [1] - The underlying index of ILIT includes U.S. and non-U.S. equities of companies engaged in lithium ore mining and lithium compounds manufacturing, with an annual fee of 47 basis points and a yield of 3.72% [1] Group 2 - The increase in ILIT's performance is driven by rising global demand for electric vehicles and energy storage, with China holding over half of the world's lithium refining capacity [2] - The U.S. government is taking steps to reduce dependency on foreign lithium by proposing nearly $1 billion in funding for critical minerals development and over $3 billion in grants for domestic EV battery projects [2] Group 3 - ILIT is expected to continue its strong performance, indicated by a positive weighted alpha of 67.47 [3]