Cobalt and REE best performers in July; Nickel lags
Our Cobalt and REE equity baskets were the best performers in July, up 47% and 20% respectively. Our Brine Lithium basket was up 18%. Given that the S&P Global 1200 index managed just under 5% for the month, this was a substantial outperformance. Performance was buoyed by a 186% gain for Australian Mines (ASX:AUZ) in our Cobalt basket, and Peak Resources (ASX:PEK), which was up 50%, in REE. Millennial Lithium (TSXV:ML) was the winner in Brine Lithium, up 45%. Nickel equities were underperformers for the month, with our Nickel basket down 7%, despite LME nickel being up 12% and nickel...