Raw Mats financing activity down in September
Financing activity in battery raw materials fell month on month in September vs August, to US$1.2bn, a fall of 29% m/m. While activity slightly rose in lithium to just under US$900m, the absence of any big deals resulted in a substantial fall in nickel funds raised to less than US$100m. With weak equity market performance, macro concerns and the chaos in the US Congress front and centre of everyone’s minds, it seems highly unlikely that equity markets will be open for business in any great way in October, which is likely to lead to further depressed activity.
Topics
Batteries
EVs
Finance
M&A
Raw Materials
