EQM Indexes today launched a Battery Metals and Mining Index — Bloomberg: BATTIDX — to track the combined performance of global companies in the metal and material supply chain for advanced battery technologies used in portable devices, electric vehicles, and grid storage for renewable energy.
According to EQM, in order to be eligible for inclusion in the index, companies must be engaged in the production, mining and/or integration or recycling of metals and materials used in batteries, such as Lithium, Cobalt, Nickel, Manganese and Graphite.
“We are excited to offer exposure to global companies developing the raw materials for use in advanced battery chemistries,” Jane Edmondson, CEO and co-founder of EQM Indexes, said in a statement. “These companies offer investors the opportunity to participate in the growth of battery technology, which is benefiting from accelerating global demand, especially for electric vehicles.”
Orbis Research estimates that the global lithium-ion battery market will grow at a CAGR of 18.7 percent through 2026.
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