Financing: Good start to 2022 but need more
US$1.05bn of new capital was raised by Battery Materials companies in January 2022. That's great and up on the same period last year, but it's nowhere near enough. Just to put things into perspective, LG Energy Solutions raised US$10bn in one go via its IPO in January. While the Downstream part of the industry continues to raise capital at multiples of the rate of the upstream we are unlikely to be able to fix the supply/demand gap. Subscribe for more information.