Electric Car Demand Boosts Companies Engaged With Lithium

Lithium demand is surging, boosting shares of the companies linked to mining and manufacturing the light metal used in electric-car batteries.

Global X Lithium & Battery Tech, an exchange-traded fund of the 27 biggest companies linked to the light metal, has increased 65 percent in the past 18 months, outperforming stock indexes of all the world’s most-developed economies, according to data compiled by Bloomberg.

“The acceleration in technology, including electric vehicles, could push new metals a lot higher,” said Eily Ong, an analyst at Bloomberg Intelligence who published a model on Wednesday probing the risk-weighted demand for metals including lithium.

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