#MiningStocks Financings continue to drop, average deal size at 70-week low

ORENINC INDEX - Monday, August 16th 2021

  Last Week: 19.28

This week: 18.49

The Oreninc Index decreased

$550BN will shift from #Commodities importers to exporters in 2021, nearly 2X the $280BN reverse transfer in 2020 as prices collapsed.

Winners & Losers From Surge in Commodity Prices 

Gains for commodity exporters will easily outweigh their losses last year as the pandemic spread and crushed demand for raw materials: 

Bloomberg Economics estimates that $550 billion will shift from importers to exporters in 2021, nearly double the $280 billion reverse transfer last year when prices collapsed.

In absolute terms, Russia will benefit the most. China's net exports will drop by around $218 billion — far higher than the figures of around $55 billion for the next-worst off countries, India and Japan. 

See the whole article on Bloomberg here: https://www.bloomberg.com/news/articles/2021-07-30/here-s-who-wins-and-who-loses-from-the-surge-in-commodity-prices

bit.ly/MasterMetals

#Tesla co-founder JB Straubel’s @RedwoodMat-erials #Battery recycling #startup raises $ 700MM to upend #EV supply chain

JB Straubel’s ambitious battery recycling start-up Redwood Materials has raised more than $700m in a funding round as it seeks to upend the US supply chain for electric vehicles.

The fundraising, which is more than six times bigger than the electric carmaker achieved in its first six equity rounds combined, values the start-up at $3.7bn, according to two people familiar with the matter. Redwood declined to comment on the valuation.

The Nevada-based company’s ultimate aim is to create a “closed-loop supply chain for electric vehicles” in the US, with the renewal and re-use of car battery materials eliminating the need for the environmentally damaging process of mining for new raw ingredients.

Se the whole story on the FT here: Tesla co-founder’s battery recycling start-up raises $700m