Photo by Salman Hossain Saif on Unsplash

Lithium prices have surged about 240% this year thanks to rising demand for rechargeable batteries and supply disruptions. The silvery-white metal is one of the hottest commodities in the world since it has about double the energy density of the next closest alternative. Due to high-density energy storage, it is used in rechargeable batteries for electric cars, smartphones, laptops, and other electronic devices.

While there is an abundant supply of lithium in the earth’s crust, its extraction is costly and time-consuming. Unlike some other popular metals, lithium does not have an active futures market, and the only way to play this surge is to invest in lithium mining companies or ETFs.

The Global X Lithium & Battery Tech ETF (LIT - Free Report) provides an easy way to access a broad basket of companies involved in lithium mining, refining, and battery production. Albemarle (ALB - Free Report) and Tesla (TSLA - Free Report) are among its top holdings.

The Amplify Lithium & Battery Technology ETF (BATT - Free Report) holds advanced battery material companies. Tesla and NIO (NIO - Free Report) are among its top holdings.

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