CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Canada’s Silver Wheaton (TSX, NYSE:SLW) expects to raise at least $550 million by selling new shares after reaching an agreement with a syndicate of underwriters in a so-called bought deal.
The Vancouver-based silver and gold streaming company said that proceeds of the offering, which is scheduled to close around April 7, will be used to repay a line of credit drawn in November for the $900 million purchase of future silver production at the Antamina mine in Peru.
Streaming firms typically provide a chunk of cash upfront to mining companies to secure a “stream” of precious metals down the road. These sorts of deals have become increasingly popular of late, as miners have had great difficulty raising cash on stock and bond markets.
