Hard Rock lithium basket up 44% for the month
Volatility in the US as retail investors flexed their collective muscles made it a tough month for global equities markets in January as both the S&P Global 1200 index and its Materials sub-index gave up 1%. However, all of our Materials baskets except Copper and Nickel were in positive territory, buoyed by extremely strong performance in the first two weeks of the month. Our Hard Rock lithium basket was the best performer for the month, up 44% in US$ terms. The upward moves in lithium carbonate prices in October and November, coupled with the first substantial moves in spodumene concentrate...