Lithium ETFs Tumble On Tesla Woes and Supply Challenges
- LIT ETF is heading for its biggest quarterly loss since 2015
- Investors take step back as focus shifts from squeeze to glut
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Lithium lovers are having something of a quarter-life crisis.
Investors who piled into the Global X Lithium & Battery Tech exchange-traded fund amid the fervor over electric vehicles are now feeling some pain. The fund is down 16 percent this year amid signs that supply may grow a little faster and demand a little slower than previously thought.