In addition, the index rebalances quarterly to reweight the companies, effective after the close of the third Friday of January, April, and October.įor Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The index reconstitutes annually, effective at the close of the third Friday of July. Each allocation is divided equally among companies involved in the respective category. The S&P/TSX Battery Metals Index methodology is available here. The index classifies constituents as either production or exploration companies where production companies are allocated 80% and exploration companies are allocated 20% of the total index weight. Teck Resources Limited Class B Subordinate Voting SharesĬhina Gold International Resources Corp. In 2021, companies focused on critical and battery minerals accounted for more than 25% of the total equity capital raised by the mining sector on TSX and TSXV. The responsible mining of critical and battery metals is the first step in achieving global net zero targets, as the transition to electric vehicles and battery storage technologies required to support renewable energy transition to global economies is expected to gain pace and drive demand. The S&P/TSX Battery Metals Index tracks Canadian-listed companies engaged in the production or exploration of metals used in battery manufacturing. Toronto Stock Exchange remains focused on the future, committed to working with our clients and industry stakeholders to seek innovative ways to enable the success of traditional and newly-defined sectors across our diverse and ever-evolving public markets ecosystem." "Global demand for battery metals continues to gain momentum and the goal of this new benchmark is to provide investors increased exposure to, and deeper insights into the cleantech and energy transition story. "In keeping with our long history of supporting the growth of the critical minerals industry and the interrelationship with clean technologies, decarbonization, renewable energy and vehicle electrification, we are pleased to announce the launch of the new S&P/TSX Battery Metals Index," said Loui Anastasopoulos, CEO, Toronto Stock Exchange and Global Head, Capital Formation.
The new index measures the performance of TSX and TSX Venture Exchange listed companies that are focused on the production and exploration of select metals, which are significant inputs in the decarbonization of the transportation sector. TORONTO, J/CNW/ - Toronto Stock Exchange (TSX) announced today the launch of the S&P/TSX Battery Metals Index. TSX to host market open ceremony on June 7 to celebrate the launch