Page 28 - Battery Tech News Today

The push for electric vehicles (EV) will be a persistent trend, which could keep lithium prices elevated and bolster ETFs like the Global X Lithium & Battery Tech ETF (LIT).

During the recent session, Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM)’s traded shares were 2,249,921, with the beta value of the company hitting 0.83. At the last check today, the stock’s price was $41.15, reflecting an intraday loss of -3.02% or -$1.28. The 52-week high for the SQM share is $60.74, that puts it down -47.61% from that peak though still a striking +50.18% gain since the share price plummeted to a 52-week low of $20.5. The company’s market capitalization is $10.75 B...

How the Pilbara (ASX: PLS) share price outshone its lithium peers today How the Pilbara (ASX: PLS) share price outshone its lithium peers today The Pilbara (ASX: PLS) share price soared 10% today, leading ASX lithium shares after the miner announced exceptional drilling results. Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and ...

Why Ford’s New Partnership With Solid-State Battery Manufacturer Could Be A Game Changer Ford boosts investment in Solid Power for further development of solid-state vehicle battery technology, aiming to deliver longer range, lower cost and safer electric vehicles for customers. Ford’s newest Solid Power investment is in addition to the company’s previously announced $22 billion global investment in connected, electrified vehicles through 2025. Advertisement How much range does that EV ha...

Lithium ETFs Strengthen after Orocobre Acquires Galaxy Resources April 20, 2021 A lithium sector-specific exchange traded fund jumped on Monday after Orocobre Ltd. (ORL) agreed to acquire rival Australian miner Galaxy Resources Ltd. (GXY) in an all-stock deal. Among the better performing non-leveraged ETFs of Monday, the Meanwhile, Orocobre Limited shares jumped 8.4% and Galaxy Resources Limited shares rose 3.4%. LIT includes a 1.1% position in ORL and 0.8% in GXY. Orocobre’s buyout of Gal...

Tesla (NASDAQ: TSLA), Panasonic quietly rode coattails as the company shifted its focus from personal consumer electronics — which don’t have the greatest profit margin — to battery packs for electric vehicles. But despite being an integral component of Tesla’s success, it’s clear that the automaker enjoyed the lion’s share of the spoils. Nevertheless, battery stocks may be in a solid position to accrue significant gains, which potentially bodes well for PCRFY stock. As great of a s...

The LIT ETF Has Investors Raking in the Gains Rising electric vehicle demands ups the ante on getting ahold of batteries, which require lithium for production. Right now, a shortage of batteries is pushing prices higher for materials like lithium. “Prices for the three main natural resources have been rising since the start of 2021,” a Goldman Sachs report said. “We believe that in order to promote sustainable EV industries, some countries may consider implementing policies to increase na...

The Climate Change Innovation ETF (ASX: ERTH) is the first of its kind on the ASX, and pushing higher on Friday

A Lithium Renaissance Driving Electric Vehicles, Thematic ETFs March 11, 2021 As the fight against climate change gains traction, the boom in the electric vehicle industry has helped fuel demand for lithium, charging up mining and battery ETFs in the process. Over the past year, the According to Benchmark Mineral Intelligence, lithium carbonate, a compound of the silvery metal used in batteries that power most electric car automobiles, has surged 68% since the start of the year to $11,250 a ...

lithium After a meteoric rise, some sections of the market have experienced a sharp reversal lately, and the electric vehicle (EV) and electric vehicle battery (EVB) sectors are no exception. Our Global Thematic ETF Screener shows that the Electric & Autonomous Vehicles theme has fallen 11.35% over the past month, while the Lithium & Battery Tech theme has slipped back 16.54% (as of Friday 5 March’s cl...