Raw Material financing down 67% y/y in Q1
Given extreme market volatility, it perhaps wasn’t a surprise that March was a difficult month for fundraisings, with only US$589m across the whole battery materials space, with lithium dominating. What is a concern is that, once again, fundraising in raw materials is taking a back seat to funds raised in cell and EV manufacturing. Only US$2.1bn of funds has been raised in raw materials in Q1/22, which doesn’t compete that well with the US$12.1bn of new money raised in Batteries and the US$17.5bn of new money raised or allocated in the Electric Vehicle sector… In Q1/21 US$6.4bn was raised for...
Topics
Capital markets
Cobalt
Debt
Equity
Fundraising
Graphite
Lithium
Manganese
Nickel
REE
