Nemaska Lithium included in lithium index
JOHANNESBURG (miningweekly.com) – TSX-listed Nemaska Lithium has been included in the Solactive Global Lithium Index, which is tracked by investment solutions provider Global X Lithium exchange traded fund (ETF).
The Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies that are active in the exploration and/or mining of lithium, or the production of lithium batteries.
The index is calculated as a total return index in US dollars and is readjusted once a year. The Global X Lithium ETF invests in the full lithium cycle, from mining and refining the metal, through battery production, giving investors access to the complete lithium value chain.
“When our yearly production of 28 000 t of lithium carbonate equivalent begins to come on stream in 2018, Nemaska Lithium will be among a small and select group of companies globally that will supply lithium salts to the rapidly growing lithium ion battery market. Inclusion in the ETF ranks us with other major lithium producers and is indicative of our status as an active company in the lithium sector,” commented Nemaska Lithium CEO Guy Bourassa.
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