Arkansas May Be Sitting On 19M Tons Of Lithium Amid Rising Demand For EV Batteries: How To Invest In What Elon Musk Calls 'The New Oil'
Portfolio Pulse from Benzinga Neuro
A study suggests Arkansas may hold up to 19 million tons of lithium, potentially boosting U.S. lithium resources significantly. This discovery could benefit lithium-focused ETFs and companies involved in lithium mining and technology.
October 22, 2024 | 4:42 am
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POSITIVE IMPACT
Amplify Lithium and Battery Technology ETF could gain from the discovery of lithium in Arkansas, as it focuses on companies in the lithium and battery sectors.
BATT's focus on lithium and battery technology companies positions it to benefit from increased lithium availability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Global Clean Energy ETF could see positive impacts from the potential lithium reserves in Arkansas, as it invests in clean energy companies.
ICLN's investment in clean energy companies positions it to benefit from increased lithium availability.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lithium Americas could benefit from the increased focus on lithium resources, as it is involved in lithium mining projects.
LAC's involvement in lithium mining projects positions it to benefit from increased interest in lithium resources.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The Global X Lithium & Battery Tech ETF could benefit from the potential lithium reserves in Arkansas, as it invests in companies involved in lithium mining and battery production.
LIT invests in companies that could benefit from increased lithium supply, potentially boosting their stock prices and the ETF's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's collaboration on innovative battery materials could benefit from the increased focus on lithium resources.
MSFT's work on reducing lithium consumption in batteries aligns with the increased focus on lithium resources.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
First Trust NASDAQ Clean Edge Green Energy Index Fund could benefit from the potential lithium reserves in Arkansas, as it includes companies in the clean energy sector.
QCLN includes companies that could benefit from increased lithium supply, supporting clean energy initiatives.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
VanEck Vectors Rare Earth/Strategic Metals ETF could benefit from the potential lithium reserves in Arkansas, as it focuses on strategic metals.
REMX's focus on strategic metals positions it to benefit from increased lithium supply.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rio Tinto's involvement in lithium projects like the Jadar project in Europe could benefit from the global focus on lithium resources.
RIO's involvement in lithium projects positions it to benefit from increased global interest in lithium resources.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Tesla's interest in lithium as a crucial component for EV batteries could benefit from the potential lithium reserves in Arkansas.
TSLA's reliance on lithium for EV batteries positions it to benefit from increased lithium availability.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60