Funding conditions better but not out of the woods
Capital markets conditions continued to improve across battery raw materials sectors in October, with an increase in the number of deals, although there were no major stand-out deals to push total funds raised up. Lithium was the material that saw the most funds raised, with nickel a close second. Funds raised for the whole sector were US$159m in October, down 58% m/m, and cumulative funds raised for the year to date are still down 38%. With equity markets likely to be choppy in November as markets seek to understand the results and impacts of the US election it’s difficult to...