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Markets strong, battery materials mixed in April

Posted on - 12 May 2021

Category - Equity markets

The wider equity markets performed well in April, with the S&P Global 1200 Index up 4% and the Materials segment of the index up 6%. There was quite a bifurcation between basket performances, both by segment and by parts of the month. The first half of the month saw mixed performance by materials stocks as the market was seemingly unable to determine whether it fancied the reflation trade or was going to behave like last year (ie long Tech). By the second half of April, the market was shifting back towards the reflation trade, which is more positive for materials....

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Battery Materials Downstream Mining SPAC