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ACDC - ETFS Battery Tech & Lithium ETF (1 Viewer)

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Am surprised ACDC isn't here.
Oi.
I don't know of a better ETF at the moment...
1 year chart.

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Dona Ferentes

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For the benefit of all and with thanks, have put P2 post in here. I hope that's ok with you @peter2

An ETF with investments in lithium and battery tech called ACDC. Selected this one over any single lithium or battery mineral company. It's late in the trend and I've bought in the consolidation hoping for a break-out. This position will be managed with a tight exit. The weekly chart shows that the price trend is stronger than the index (top pane RSC).
acdc0804-png.122520
 

over9k

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Great minds think alike rock, your last post was about ASIA:

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The NYSE closest equivalent to this one is LIT just FYI:

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The reason I didn't post my ACDC position in this thread is that I haven't done any research into the ETF. I don't know what it holds and which companies are it's largest holdings. I'm trading ACDC using the price charts.

If one is going to invest or trade a thematic ETF like ACDC it may be important to know what's under the hood. Which countries or companies present the biggest risks for this ETF? Will the price of ACDC be affected by AUDUSD movement?

From my perspective, this purchase of ACDC is about six months too late for a medium term trade or longer term investment. Currently the reward:risk is not in my favour. However I can handle this RR situation whereas others looking in and contemplating doing the same may not.

I will be keeping an eye on the US lithium ETF - LIT. LIT is not yet ready for a medium term trade. When LIT goes above 62 I'll be onto it.
I see @over9k is all over LIT as well.

ps: This post suggests doing your own research into ACDC because I know nothing about it.
 

over9k

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CNBC I know, but worth a watch:



Australia is the world's quarry after all.

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But everything's all coming back to the USA, globalisation is in its death throes with this just like it is with everything else.

GM & LG building plants in the USA:

https://www.bloomberg.com/news/arti...-plans-u-s-expansion-to-support-ev-production

Tesla wants to mine its own lithium:

https://www.bloomberg.com/news/arti...-mine-its-own-lithium-after-dropping-m-a-plan

And apparently the U.S has stacks of lithium reserves but it's been way cheaper to get it from here and/or china until about now:



Obviously a lot of geopolitics etc behind all of this. Biden's been 3x as hawkish 3x as quickly on China as anyone was expecting and that's not going to change. AU is an incredibly strong U.S ally though.

In short, AU & U.S producers are a very solid bet IMO ;)
 
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ACDC construction started with equal weighting of companies (not by market cap). Currently holds 31 companies with two ASX companies PLS and GXY holding approx 11% atm. I'm bullish on both of these atm. AUD base currency, not hedged.


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from the ETF Securities ACDC factsheet.
 

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