Lacklustre month for financings
It wasn’t a great month for financings in the battery material space in May, with only US$75.6m raised and 13 deals in all. The Lithium sector dominated once again, but cumulative activity has now moved below 2018 levels, highlighting the ongoing malaise in the capital markets. With equity raisings and strategic sales still dominating, and representing 82% of funds raised so far in 2019 the current weakness in the equity markets could impact ability to raise funds into the second half of 2019, which could have material impacts on supply growth in critical materials. Given the need for this to...