Most ever capital raised in sector in March
March brought the highest amount of funding activity in the sector since our records started in January 2018. Albemarle’s (NYSE:ALB) US$2bn offering of depositary shares, the US government’s US$2.26bn conditional debt offering to Lithium Americas (NYSE:LAC) and US$1.4bn in debt assigned to three separate REE projects all combined to result in US$6.9bn being allocated to battery raw materials in March 2024. Following a lacklustre January and February, March went with a bang and hopefully set the tone for an active year in the financing sector. With equity markets in battery raw materials finally showing signs of life, there is potential...
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Lithium
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REE
