Lithium & Copper Fuel BATT's August Surge

The Amplify Lithium & Battery Technology ETF (BATT) experienced a significant gain in August, rising by over 10% to $15.80 at the end of the month.

This growth was largely driven by increasing optimism about the outlook for battery materials, particularly lithium, as well as higher copper prices due to expectations of tighter supplies and growing demand.

Copper is a crucial component in lithium-ion batteries, accounting for around 10-15% of their total weight, primarily due to its exceptional electrical and thermal properties.