With the continuing volatility in equity markets, September was another depressed month for equity funding in the battery materials space, with only US$807m raised. While there were a number of successful equity raisings in lithium, they were all relatively small, resulting in total funds raised of only US$425m. Funds raised in lithium are now down 45% y/y YTD, a pretty poor return in a year when prices have gone to a record and the industry would have been expected to kick on with its expansion projects. The paltry battery materials capital raisings look even worse compared with Downstream industries, which...
Topics
Batteries
Battery Materials
Debt
Downstream
Equity
Funding Gap
Fundraising
Lithium
