EQM Indexes announces launch of new Battery Metals and Mining Index

By Sarah Lizee

Olympia, Wash., May 2 – EQM Indexes LLC announced the launch of its Battery Metals and Mining Index.

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 and electric grid storage for green energy, according to a press release.

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.

EQM said the index seeks to provide exposure to companies in the battery production supply chain that use elements such as lithium, cobalt, nickel, manganese, graphite and other materials.

“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,” the company said in the release.

EQM also announced that Duncan T. Blount will be added to their index committee. Blount is currently the chief executive officer and director of Asian Material Resources, Ltd., a nickel-copper-cobalt-PGM exploration and development company in Vietnam.

EQM is a San Diego-based provider of index benchmarks for exchange-traded products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.