Amplify Lithium & Battery Technology ETF [BATT] Stock Forecast

Crisis will turn into an opportunity for lithium stocks. That's because supply issues are only temporary.

Battery stocks may be one of the most boring opportunities out there. But with the world fighting to go green, demand makes these top battery stocks to buy must-haves.

Lithium carbonate spot prices were generally flat the past month. Lithium market news - Fastmarkets forecast a tentatively balanced lithium market in 2024. US moves to restore stockpiling ‘panic button' in EV metals fight with China. Lithium company news - Albemarle plans to reduce capital expenditures, costs to unlock >US$750M of cash flow. Tianqi Lithium issues large negative profit warning.

Lithium prices have been crushed. But that'll happen with oversupplied markets, and lower demand for electric vehicles thanks to higher interest rates.

With the world fighting to go green, battery stocks are becoming far more attractive. After all, batteries play an essential role in the world's move to renewable energy.

The Amplify Lithium & Battery Technology ETF focuses on companies involved in battery metals production, EVs, and battery technology and manufacturing. However, battery metals pricing is currently very weak, and the supply of key battery metals is expected to continue to outpace demand in 2024. Falling battery prices are good for consumers as EV prices are falling. But that is not good news for #2 holding Tesla, which has seen margins and earnings drop significantly.

The attractiveness of battery stocks cannot be overstated in today's quickly shifting industry. This sector, which is the backbone of the electrification revolution, is transforming sectors ranging from automotive to energy storage.

Crisis became an opportunity for lithium stocks.  In fact, as I noted on Dec. 13 , “I'd use the temporary, excessive fear as an opportunity.

Lithium chemical spot prices and spodumene prices were lower the past month and are now below the marginal cost of production. Lithium market news - China Futures Co. analyst, Zhang Weixin, forecasts lithium carbonate to bottom out between CNY80-90,000/t. Milei looks to cut costs for Argentina's miners in broader deregulation push. Lithium company news - SQM and Hancock enter into implementation deed with Azure Minerals. Livent and Allkem shareholders approve merger of equals, new company name to be Arcadium Lithium.

It's the time of year when you look back at all that's been accomplished. VettaFi's covered strong net inflows into fixed income ETFs, covered call funds, and many, many, many new product launches.

Amplify Lithium & Battery Technology ETF is a US stock and trading under the symbol BATT

Amplify Lithium & Battery Technology ETF stock price is $9.13 today.

Yes, Amplify Lithium & Battery Technology ETF is a publicly traded company.