Australia’s role in the global green energy transition is crucial. The country has key resources needed to feed growing demand for critical minerals and has built strategic partnerships along the supply chain.
When it comes to battery metals, ASX-listed companies have seen their share prices surge in the past year and have been able to move forward with projects by raising more cash than many analysts anticipated.
With current and future prospects looking positive for the land down under, the Investing News Network (INN) asked experts about how to play the battery metals market in Australia today.
Interest growing for battery metals
Battery metals had a couple of rough years following a price surge in 2017 and 2018, and when the coronavirus hit the world in early 2020 the short-term picture for these raw materials was uncertain.
But against all odds, interest in metals used in the batteries that power electric vehicles (EVs) surged despite the pandemic, as the world accelerated efforts to reduce carbon emissions and move towards green energy.
Battery metals such as lithium, cobalt, graphite and even nickel have seen prices increase — with more or less volatility — with new and seasoned investors turning their attention to these markets.
But what’s ahead for stocks focused in this space? Canaccord Genuity continues to see a positive outlook for ASX-listed battery metals companies in 2021.
“We have been bullish on the outlook for demand for battery raw materials for many...
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