November equity round-up
The S&P Global 1200 index was up 2% for the month, as was its Materials sub-index, and the Battery ETF and Solactive index were also in positive territory, aided no doubt by their Downstream equity exposure. Indeed, apart from our Copper basket, our Downstream basket was the only battery-related equity basket in positive territory for this month. Our BMR Nickel basket had a torrid November, down 20% compared to LME Nickel down 18% for the month, while our Cobalt basket was the next-worst performer, down 14% and Vanadium was down 10%.
Topics
Brine
Cobalt
Copper
Downstream
Equities
Graphite
Lithium
Manganese
Nickel
REE
Vanadium
