M&A game on! Which assets should have scarcity premia?
Following on from the substantial increase in capital raising activity in the sector over the past 6-9 months has come a very significant tick up in the amount of M&A activity. While a lot of the activity up to now has been between battery materials companies, we are finally starting to see activity from outside the space. In this article we consider which companies are likely to be acquirers of battery materials assets, both in the near-term and in the longer term, and we also discuss what their acquisitional strategies are most likely to be. We see a number of...