A good time to be in battery metals and ... ASX rises
4 minute read
A couple of battery stocks rode the wave of big media this week.
Vulcan Resources (ASX: VUL)’s association with billionaire John Hancock continues to gain attention, while news that China was, as reported by The Wall St Journal, “tightening its grip on the global supply of processed manganese, rattling a range of companies world-wide that depend on the versatile metal—including the planet’s biggest electric-vehicle makers”, gave Euro Manganese (ASX: EMN) a boost.
Both companies had their own announcements. However, related media never fails to make an impact.
EMN rose from 49.5 cents at close of business on Monday to 52 cents by the end of the week, while VUL went from $6.80 to $7.76.
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