LIT ETF is holding a basket of Lithium and therefore smooths out the unknowns. The rise in LIT ETF is therefore a reflection of the industry
Regarding GXY. I really dont get where the misinformation comes from. perhaps i am wrong?
- Mt Catallin is making margin, there is no question about it as December quarter made cash even with a higher production cost and a lower/equal carbonate price.
-Mt Catalin is bigger now as well from the 44% upgrage
- MT Catalin is more effiicient given the Yeild optimisation is 85% + done (again making it more profitable)
Alot of people are saying GXY hasnt shipped anything basing looking at shipping manifesto's. The company has said only 1 month ago "Galaxy is targeting total spodumene production volumes in the range of 40,000 dmt to 45,000 dmt in Q1 of 2019"
If this was not the case they have a duty to inform the shareholders. The balance of probability tells me looking at shipping manifesto's is far less accurate than listening to the CEO only 20 working days prior
This divergence is a short term game of emotion. Ultimately if the industry is rising, GXY has proven to be a quality stock and will close that gap and significantly exceed given it has more individual value-add attributes.
Here are the top LIT Constituents
op 10 Holdings (77.32% of Total Assets)
Get Quotes for Top Holdings
|
Name |
Symbol |
% Assets |
| 1 |
FMC Corp |
FMC |
17.67% |
| 2 |
Albemarle Corp |
ALB |
15.50% |
| 3 |
Sociedad Quimica Y Minera De Chile SA ADR |
SQM |
9.71% |
| 4 |
LG Chem Ltd |
051910.KS |
5.68% |
| 5 |
Tesla Inc |
TSLA |
5.60% |
| 6 |
EnerSys |
ENS |
5.11% |
| 7 |
GS Yuasa Corp |
6674 |
4.69% |
| 8 |
BYD Co Ltd H |
01211 |
4.55% |
| 9 |
Samsung SDI Co Ltd |
006400.KS |
4.48% |
| 10 |
Panasonic Corp |
6752 |
4.33% |
GXY has alot more potential given its cash and market cap and undeveloped assets
