LIT is trading 3.3% down today as investors rotate away from high-beta materials and battery technology names amid a broader risk-off mood in equities.
- Macro-driven profit-taking follows a strong year-to-date run for lithium and battery stocks.
- Markets are reassessing growth and demand expectations for the global electric vehicle (EV) and energy storage supply chain.
- The downward move is weighing on the Solactive Global Lithium Index, which is the underlying index tracked by the fund.