May equity round-up
Equity markets in general were weak in May as trade war concerns sapped risk appetite, and the battery chain was no exception, with all of the ETFs underperforming the wider equity markets. The battery materials stocks were, however, the largest underperformers within the battery space. Our REE equity basket was the best performing, up 35% for the month and it looks like more might follow in June with concerns about the US/China trade war continuing. Our Cobalt and Graphite baskets shrugged off commodity prices weakness, up 13% and 3% respectively, while our Lithium baskets were down despite the WES/KDR deal...