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Battery Day outlines clear winners and losers

Posted on - 08 Oct 2020

Category - Equity markets

Tesla’s (NASDAQ:TSLA) Battery Day offered up clear winners and losers across the battery materials sector as the equity market tried to process its implications. This came into an environment of weaker global equities in September as markets took a bit of a break and there was a re-weighting from growth towards value. The S&P Global 1200 index was down 3% and exchange-traded base metals also took it in the neck as the US dollar strengthened. For once raw materials sectors outperformed downstream and some in a big way.

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