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Largo Inc. (LGO)
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Lundin Mining Corporation (LUN)
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Lithium Americas Corp. (LAC)
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Global X Lithium & Battery Tech ETF (LIT)
Q: I own LUN and LGO as my way to play the electric car advance. However, they are also down considerably. Would you continue to hold for this exposure, or do you have better choices. Also, would you sell these for tax loss harvesting and re buying in 30 days. If so would you suggest an alternative proxy? Perhaps an ETF?
5i Research Answer:
We have been encouraging tax loss harvesting and would do so here. LIT is an ETF proxy suggestion, though we would also be OK just waiting 30 days. We are fine with these choices, though LUN is still mostly viewed as a copper company. LAC we think would be a better direct choice for the EV theme, but it will be more volatile than LUN.