Weak capital raising activity: Problem or Opportunity?
May was a second consecutive month of weak financing activity with just shy of US$60m raised across the sector during the month. We certainly can’t say it’s a surprise, given the weak pricing environment for battery materials and the substantial macro uncertainty associated with the US trade war and around the withdrawal of the IRA. Over the last 12 months just US$10bn has been raised in battery raw materials, the lowest level of capital raisings since May 2021. But we would not be surprised if that drops to the sort of levels seen in 2020, given that so much fizz...
Topics
Capital raising
Equity
Financing
