Sprott Lithium Miners ETF·Financial Services

Key Takeaways While energy investments of all kinds have struggled amid conflict in the Middle East, uranium might offer a compelling long-term opportunity. Sprott Asset Management CEO John Ciampaglia noted that uranium's fundamentals remain sound, and that it remains far harder to substitute or replace than other metals investors tend to allocate towards.

Silver is entering its sixth consecutive year of a structural supply deficit, as global production fails to keep pace with the massive demand required for the clean energy transition and AI infrastructure.

Oil shock and geopolitical tensions sank stocks, but shipping, volatility, and niche ETFs rallied, emerging as winners amid the S&P 500???s five-week slide.

Sprott Lithium Miners ETF (NASDAQ: LITP - Get Free Report)'s stock price dropped 4.6% on Friday. The company traded as low as $10.96 and last traded at $11.02. Approximately 64,212 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 208,901 shares. The stock had previously closed at $11.55.

If you asked an investor what metals they are keeping an especially close eye on right now, you're likely going to get some combination of gold, silver, and copper as a response. However, while those metals certainly have plenty of potent portfolio applications, they are not the only ones worth monitoring.

Despite falling below $5,000 recently, it could be an opportune time to strike and purchase the dip in gold prices. Fundamental demand drivers could continue to push the precious metal higher through the rest of the year.
LITP provides pure-play exposure to the global lithium industry in support of achieving a less carbon-intensive economy. The fund gives access to a portfolio of 40-50 US and foreign companies involved with or derive half of their revenue from the mining, exploration, development, or production of lithium. The investable universe is identified through a proprietary selection methodology which includes industry publication reviews and fundamental research. All eligible securities are then included as constituents provided that the minimum market-cap and liquidity requirements are met. An intensity score is also assigned to each company depending on their revenue percentage attributable to lithium. While the index is market cap-weighted, several capping rules are implemented based on the securities initial weights to ensure a diversified portfolio. Index reconstitution and rebalancing is done on a semi-annual basis in June and December.
Financial Services
Asset Management
2023-02-02
1.15
Market Peers





