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More capital raised in Jan-Feb than whole of 2020

Posted on - 11 Mar 2021

Category - Finance/M&A

More capital was raised by battery material producers and developers in January and February than in the whole of 2020, according to our February Financing Tracker. US$2.6bn was raised in February, taking the total raised for year to date 2021 to US$3.2bn, compared with the US$2.5bn raised during the whole of 2020. The amount raised was the highest in a single month since our records begin in January 2018. Lithium once again dominated in terms of sub-sectors, with US$2.9bn raised from 17 deals, including the US$1.3bn raised by Albemarle (NYSE:ALB) and US$685m by Ganfeng Lithium (HKG:1772). The wave of fundraisings...

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Albemarle Ganfeng Lithium Lithium