August weak for fundraising
August was a weak month for fundraising across the battery raw materials spectrum with only c.US$500m raised during the month. This was a far cry from the US$3.6bn raised in cell manufacturing and the c.US$11.5bn raised by EV makers. While we’re still on track for a bumper year in terms of total funds raised, the amount hasn’t kicked on from the 2021 peak as we may have wanted, and we’re still accessing considerably less capital for new projects that the industry needs. The volatility in capital markets continues and, while this is the case, it’s important that other industry participants...