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EQM Indexes Battery Metals Commentary: May 5, 2020 Image

EQM Indexes Battery Metals Commentary: May 5, 2020

Author headshot Jane Edmondson / May 05

Even the coronavirus and lockdowns cannot kill Tesla's EV momentum.  European plug-in vehicles saw a 41% YOY increase in March, and sitting at #1 was Tesla's Model 3 with a 10% share of the market and more than 16,000 deliveries. Tesla is not just an auto company, it is a Silicon Valley tech company challenging traditional business models and industry classifications. So while the "Oracle of Omaha" Warren Buffett says he will never be a Tesla investor, Elon Musk shoud not take that personally given Buffett never invested in stocks like Alphabet, Inc. (GOOGL) or Netflix, Inc. (NFLX) either.  Even though EV sales are expected to be derailed this year by the coronavirus, Tesla's future and the future of EV's is still bright along with the long-term outlook for its battery components. 

Coronavirus could help Tesla retain EV lead as traditional automakers pare electric investments

Prior to the coronavirus crisis, an influx of new EVs were expected to enter the domestic market to challenge the California carmaker. 


Tesla Model 3 Reaches #1 In Europe As Europe Reaches 10% EV Market Share - March 2020
The European passenger plug-in vehicle market had 84,000 registrations in March (+41% year over year/YoY), a great performance considering the effect that several lockdowns across the continent have had.

China's Battery-Metals Rush Hits A Speed Bump

China's rush to dominate the production of the raw materials used to make batteries for electric vehicles has taken a hit with one of its leaders in lithium trying to sell assets to pay down a debt pile.

Wearable "honeycomb" lithium-ion battery
Scientists in South Korea have worked with graphene and carbon nanotubes to develop a working lithium-ion battery that can be stretched by up to 50% without damage to any of the components. According to the scientists, the battery represents a significant step in the development of wearable or body-implantable electronic devices.

Battery Tech: Cobalt Content Was Limited To Below 10%: Now Is It Time For Nickel?
Upcoming NCM 217 cathodes might be way more affordable than NCM 811 and NCA.

Peer-to-peer EV charging could completely eliminate EV charging stops

If airplanes can refuel each other mid-air, then why not electric cars? A weird and wonderful, if probably impractical, idea out of the University of Florida would see vehicles in high-speed convoy sharing energy in a peer-to-peer model.

China Moly shrugs off South Africa port disruption as DRC cobalt sales rise
China Molybdenum Co is sending more copper and cobalt from the Democratic Republic of Congo (DRC) to ports in Tanzania, Namibia and Mozambique, a spokesman said on Thursday, as it weathers coronavirus disruption at South African outlets.

Indonesia rejects miners' proposal to end nickel ore export ban
Indonesia's Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again.

About the Author

Author thumbnail Co-Founder of EQM Indexes LLC and Founder of EQM Capital LLC. Ms. Edmondson is a former Quantitative Portfolio Manager with Allianz Global Investors and its predecessor firm Nicholas-Applegate. She started her career at Merrill Lynch and has more than 25 years of experience in the investment industry. She holds an MBA in Finance from San Diego State University and a BA from UC Irvine.

During February lithium stocks showed mostly negative performance, led by Pilbara Minerals & Orocobre with a decrease of -12% and Galaxy Resources dropping -11% in comparison with the previous month.

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