SAN DIEGO--(BUSINESS WIRE)--EQM Indexes LLC announced today the launch of its Battery Metals and Mining Index (Bloomberg: BATTIDX and Reuters .BATTIDX). The index was developed 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 (EVs), and electric grid storage for green energy.
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. The index seeks to provide exposure to companies in the battery production supply chain that utilize elements such as Lithium, Cobalt, Nickel, Manganese, Graphite and other materials in order to offer diversified global exposure to this growing market opportunity.
“We are excited to offer exposure to global companies developing the raw materials for use in advanced battery chemistries,” said Jane Edmondson, CEO and co-founder of EQM Indexes LLC. “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.”
According to Orbis Research1, the global lithium-ion battery market is expected to grow at an impressive CAGR of 18.7% through 2026. Growing demand, coupled with limited and constrained supply conditions for the metals used in lithium-ion batteries has driven up prices for the metals used in battery chemistries and created the need for additional capacity.
In conjunction with the index launch, EQM Indexes also announced Duncan T. Blount will be added to their Index Committee. Blount is currently the CEO and Director of Asian Material Resources, Ltd., a TSX-V listed nickel-copper-cobalt-PGM exploration and development company in Vietnam. He also serves on the Advisory Board of Ocean Minerals LLC, a privately-held seabed minerals exploration and development company focused on cobalt-rich polymetallic nodules in the Cook Islands. He has more than 10 years of experience focused on the natural resources sectors - across mining, energy, and agriculture.
“Duncan’s years of experience as an investor and analyst in the metals and mining space will provide valuable input into our selection process for the Index. We are so fortunate to have him as an ongoing resource as the industry grows and develops,” Edmondson said.
EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry, our index design expertise spans a wide range of asset classes and financial instruments. We partner with issuers and work jointly with other index firms to provide benchmarks for Exchange Traded Products (ETPs) such as Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), and other similar products. EQM Indexes LLC also assists firms on a fee basis to design and implement their index ideas.
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1 Orbis Research. (2018, April 11). Lithium-ion Battery Market to Exhibit Impressive Growth of CAGR of 18.7% during the period 2026. https://www.reuters.com/brandfeatures/venture-capital/article?id=32694