Financing activity shucks seasonal trends in July
Shucking the normal seasonal behaviour, August was actually a strong month for battery raw materials capital raisings with strong activity in nickel, which is on track for a record year, and good activity in lithium as well. Nickel Industries’ (ASX:NIC) US$621m raising was the stand out in the nickel sector and Cornish Lithium’s combined US$285m raise was the stand out in the lithium segment. 38 deals were carried out in the combined sector in August, with 22 of those in the lithium segment. Deal activity has certainly been picking up in recent months after a slow start to the year...
Topics
Cornish Lithium
Debt
Equity
Gen#4
Gen#5
Laterite
Lithium
Nickel
Nickel Industries
Sulphide
