November a tough month for financings
November was a difficult month for financings in the sector with only c.US$350m being raised in the raw materials segment, down considerably on the US$2.5bn raised in October. 2024 looks like being the first year since 2019 when total funds raised in the sector will actually fall y/y and there is precious-little activity so far in December to suggest that that is an unrealistic expectation. The weakness in November was in contrast to seasonal trends which normally see activity bounce between October and November. However, given the strength that we saw in October and the volatility that followed the US...
Topics
Battery Materials
Capex
Debt
Equity
Financing
Lithium
Nickel