Wednesday, May 26, 2010

Lithium stocks revving up

Lithium stocks have taken off, as forecast several months ago.

Rockwood Holdings - up from a low of 11.96 to 24.35 per share
Western Lithium - up from 0.53 to 0.95
Lithium One Inc. - up from 0.73 to 1.35
Lithium Corporation - up from 0.50 to 0.77
American Lithium - up from 0.31 to 0.88

With the Gulf of Mexico oil spill, continuing troubles in several oil-exporting countries, and the subsidies to green growth, hybrid and electrical-car related stocks should continue to do well.

1 comment:

  1. Rockwood Holdings is up to $25.92 (as of this moment), despite the volatile market.

    However, a better bet would be the new Global X Lithium ETF (LIT).

    Here a SeekingAlpha Note on LIT:

    http://seekingalpha.com/article/221759-three-reasons-lithium-is-likely-to-shine

    "According to LIT’s fact sheet, it allocates nearly 23% of its assets to the Chilean giant SQM, nearly 16.7% to FMC Corp (FMC), and 7.8% to Rockwood Holdings (ROC), which is a major lithium compound producer. Also, 51% of the ETF’s assets are allocated to lithium mining and processing and 49% to the lithium-ion industry".

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