Battery Materials outperform in April
Battery Materials equities outperformed the wider equity markets in April but still remain at the bottom end of their 5-year ranges. Our vanadium, graphite and nickel baskets were our best performers. Out hard rock lithium and brine baskets were the worst performers which seems unwarranted, particularly as we are starting to become more constructive on hard rock (in particular) from an asset allocation viewpoint.
Topics
Cobalt
Downstream
Graphite
Lithium
Nickel
Vanadium