Battery metals have had an interesting 52 weeks. Lithium is up nearly 200% YoY, and nickel and graphite have moved up nicely as well.
Does that mean they’re getting ahead of themselves and is uranium maybe a better opportunity to play the commodity supercycle? I spoke to a hedge fund out of Zurich, Switzerland, to find out what they think about battery metals and uranium.
Torck Capital Management’s CIO Simon, and CEO Mathias and I sat down for a quick overview of their battery metals / electrification-focused fund. They also run a precious metals-focused fund.
Simon, the CIO, told me that the company’s battery metals focus is spread between lithium, nickel, graphite, and copper. Interestingly enough, their fund also holds a number of uranium exploration and development companies, as they think the best risk-reward ratio for this commodity super-cycle is uranium.
Simon also told me that this is the very begging of the battery metals cycle, and that we’re likely in the second or third inning of it. He expects a lot more growth over the next decade.
Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.