Battery materials equities have a stellar month
November was an extremely strong month for global equities, with the S&P Global 1200 index up 12%, a large proportion of that in the second half of the month. The weakening US dollar and the global reflation trade was positive for Materials stocks in general and Mining stocks in particular and the S&P Global 1200 Materials index managed a return of 14%. Within the batteries sector, it was certainly the materials stocks which led the way, with our Manganese and Graphite baskets (dominated by small cap stocks) performing strongly. Lithium, with a few more mid-caps in, was also up mid-double...
Topics
Downstream
Graphite
Lithium
Manganese
Nickel
