Where are the opportunities in the equity sell off?
Following the huge equity market sell-off in recent months, we felt it would be useful to look at recent trends for key battery materials and different stocks and subsectors. It's been a torrid several months for equities in general, but it’s raw materials equities that have suffered the most in the near-term, and the magnitude of the underperformance vs other battery sectors looks overdone. Perhaps the biggest sector losers on a three month basis are lithium and graphite. Our hard rock lithium equity basket is down 44% over three months and our brine basket 50%. This despite the fact that...