March equities round-up: Equity markets crater
Equity markets succumbed to concerns about growth downgrades due to the CoronaVirus pandemic in March, with low double digit declines in the S&P Global 1200 index and mid-double digit declines in most material and commodity indices. Our Battery Raw Materials baskets were down 25-41% for the month with our Downstream basket outperforming, but still down 16% for the month. As in many substantial market corrections, equity markets have bounced back strongly in April from those lows but it will be some time until the demand impact of this event is fully appreciated and I certainly wouldn’t rule out the possibility...
Topics
Cobalt
Downstream
Graphite
Lithium
Manganese
Nickel
REE
Vanadium
