Financing activity stronger in March
There were 25 financing transactions in March, the most since April 2022, and total funds raised in the space of US$2.4bn was the most raised on a monthly basis since July. However US$1.9bn of this capital was raised in the nickel sector, by the IPOs of two Indonesian laterite projects and, outwith those raisings, a number of the rest were pretty small top-up raisings. Even though we’ve decried the low level of financing activity over recent months, the US$5.5bn raised in the quarter compares handily with the US$2.3bn raised in Q1/22 and even totted up well with the US$6.1bn raised...
Topics
Battery Materials
Capital raising
Cobalt
Debt
Equity
Graphite
Incentives
Lithium
Nickel
REEr
