Connect with us

Companies

The TSE Launches Canadian S&P/TSX Battery Metals Index for Insights and Tracking

The Toronto Stock Exchange has launched a new battery metals index, allowing investors to track Canadian-listed companies involved in the production and…

Share this article:

Published

on

This article was originally published by Mining Feeds

The Toronto Stock Exchange has launched a new battery metals index, allowing investors to track Canadian-listed companies involved in the production and exploration of metals used for battery manufacturing. Common battery metals include lithium, cobalt, and nickel.

Beyond tracking some of the biggest battery metal producers, the index will promote the growth of the critical mineral sector. Investors will also be able to gain insights into the energy transition and which companies are involved in the supply chain of this important industry. For Canada, this is an important index for its overall weighting. Companies involved in critical and battery minerals represented a quarter of the total equity capital raised by the mining sector for the TSX and TSXV. The mining industry in Canada is worth billions annually and is a significant contributor to the country’s GDP.

Some of the biggest entrepreneurs in the world have sounded the alarm about the supply/demand issues plaguing the industry. Elon Musk has called for more nickel production, even going so far as to say that Tesla has not ruled out acquiring mining companies and other assets to promote production. Metals like copper, nickel, and other battery minerals like lithium and cobalt are required to support the net-zero goals for global economies, particularly for battery storage from energy generation and electric vehicles.

Loui Anastasopoulos, CEO, TSX and Global Head, Capital Formation, commented: “In keeping with our long history of supporting the growth of the critical minerals industry and the interrelationship with clean technologies, decarbonisation, renewable energy and vehicle electrification, we are pleased to announce the launch of the new S&P/TSX Battery Metals Index. Global demand for battery metals continues to gain momentum and the goal of this new benchmark is to provide investors increased exposure to, and deeper insights into, the cleantech and energy transition story. TSX remains focused on the future, committed to working with our clients and industry stakeholders to seek innovative ways to enable the success of traditional and newly-defined sectors across our diverse and ever-evolving public markets ecosystem.”

The biggest constituents of the S&P/TSX Battery Metals Index will be:

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post The Toronto Stock Exchange Launches Canadian S&P/TSX Battery Metals Index for Insights and Tracking appeared first on MiningFeeds.

toronto stock exchange tsxv tsx-cgg china-gold-international-resources-corp-ltd china gold international resources corp ltd tsx-ero ero-copper-corp ero copper corp tsx-fm first quantum minerals ltd tsx-hbm hudbay-minerals-inc hudbay minerals inc tsx-smt sierra-metals-inc sierra metals inc tsx-trq turquoise hill resources ltd

Share this article:

Drilling News

Mountain Province Diamonds Completes Phase One Drilling For the Hearne Northwest Extension Discovery at Gahcho Kué Mine

Mountain Province Diamonds Completes Phase One Drilling For the Hearne Northwest Extension Discovery at Gahcho Kué Mine
PR Newswire
TORONTO and NEW YORK, Nov. 30, 2022

TSX and OTCQX: MPVD
TORONTO and NEW YORK, Nov. 30, 2022 /PRNewswire/ – Mountain …

Share this article:

Continue Reading
Financing News

Engagement of Black Swan Solutions

  

November 30, 2022 – TheNewswire – Vancouver, Canada – Engineer Gold Mines Ltd. (the “Company”) (TSX.V: EAU) is pleased to announce that…

Share this article:

Continue Reading
Companies

CanAlaska, Metal Energy hit nickel in Manitoba

  VANCOUVER – CanAlaska Uranium Ltd. [CVV-TSXV; CVVUF-OTCQX; DH7N-FSE] on Wednesday said drilling results have confirmed the presence of nickel-copper-cobalt…

Share this article:

Continue Reading

Trending