Battery Metals Stocks Drain, But the Industry Outlook Remains Charged

Published:

It’s been a tale of two metals with the battery metals stocks as lithium shares have sagged while cobalt stocks have been surging

Despite the growing attention the battery market is getting (with its implications within electric vehicles and energy storage), the metals market seems to diverge on price. The lithium companies in our index have declined 5.4% on average since the start of the year, whereas cobalt stocks have risen 39.3%. This compares to YTD ~1.0% decline in the TSX. It appears that lithium companies have performed poorly due to fears of oversupply in the global market. In this edition of the Battery Metals report, we provide some industry highlights, dive into demand determinants and how they are currently working in the industry’s favour, and shine a spotlight on three companies that have had an interesting three months.

[ihc-hide-content ihc_mb_type=”block” ihc_mb_who=”unreg” ihc_mb_template=”7″ ]

[/ihc-hide-content]

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below:

Related articles

Recent articles