Capital raisings up in 2021 but nowhere near enough; Need to raise US$42bn in 2021-22
According to BMR’s monthly Financing Tracker, US$5.2bn of funds have been raised in the battery materials sector in year-to-date 2021. That sounds like a lot, and it is. In fact, it’s 37% more than was raised in the space in the whole of 2019 and 2020 put together. The only problem is – it’s nowhere near enough. BMR’s calculations for the amount of supply needed in just three battery materials (lithium, graphite and nickel) suggest that US$9.7bn needs to be raised in 2021 and US$11.8bn in 2022. That’s if the market is going to come anywhere near having enough raw...
Topics
Battery Materials
Brine
Capital
Copper
Graphite
Hard rock
Lithium
Lithium Carbonate
Manganese
Materials Shortage
Nickel
Supply/Demand
