Tesla’s Planned Gigafactory Set to Boost Lithium Stocks

Tesla Motors’ ambitious plans for a multi-billion dollar Gigafactory will help boost Lithium stocks and industry specific exchange traded funds.

According to ETF Trends:

On Friday, the Global X Lithium ETF (NYSE:LIT) rose half a percent on more than quadruple the average the daily average volume.

LIT tracks a diversified group of companies involved in the “full lithium cycle,” from mining and refining the metal through battery production. Lithium is utilized in batteries for their high charge density, or longer lasting life.

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