Alternative Investments/ESG: ProShares Launches New ETF For Opportunities In Battery Metals

The ETF invests in companies that mine battery metals.

ProShares has launched the ProShares S&P Global Core Battery Metals ETF ION which will invest in companies that supply the raw metals needed to power the batteries used in the rising number of electric vehicles, laptops, smartphones, and energy storage devices. These are typically metals such as lithium, nickel, or cobalt used in the batteries required to power electric vehicles and other devices. (ETF

ProShares S&P Global Core Battery Metals ETF ION

ION tracks the S&P Global Core Battery Metals Index, which is currently made up of 41 companies in more than 15 countries, including Australia, Indonesia, South Africa, and China. Most individual US investors may not be able to access these stocks as investments.

These are potentially lucrative investments given that global demand for batteries is expected to grow by 25% annually until at least 2030, as adoption of electric vehicles (EVs) takes off and met by manufacturers including Tesla (TSLA), Rivian Automotive (NASDAQ:RIVN), NIO Inc. (NYSE:NIO), Lucid Group (NASDAQ:LCID), and Li Auto (NASDAQ:LI).

The ETF has an expense ratio of 0.58%.


“An energy revolution is underway that is transforming the way we power our lives,” said Michael L. Sapir, ProShares founder and CEO. “With ION, there is now an ETF that offers investors an effective way to access companies meeting the soaring demand for batteries and the metals needed to make them.”

Related Story: ProShares Proposes Inverse Bitcoin ETF

Image by Goran Horvat from Pixabay

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