New Index Tracks Commodities Used In EV Production

New Index Tracks Commodities Used In EV Production

The S&P GSCI Electric Vehicle Metals index tracks the performance trends of key metals such as cobalt, copper, aluminum, nickel and iron ore that are essential in the production of electric vehicles.

S&P Dow Jones Indices (S&P DJI), one of the world’s leading index providers, has announced the launch of the S&P GSCI Electric Vehicle Metals. This new futures-based index measures the performance of tradeable metals used in the production of electric vehicles and weights them according to their relative usage in a representative electric vehicle. S&P DJI has collaborated with S&P Global Commodity Insights to leverage and incorporate a representative set of metal usage data in the electric vehicles sector.

The new index tracks the performance trends of key metals such as cobalt, copper, aluminum, nickel and iron ore that are essential in the production of electric vehicles, said Fiona Boal, global head of commodities at S&P Dow Jones Indices. “As global financial markets, investors and consumers alike increasingly embrace the use of greener technologies, there is high demand for certain types of commodities, particularly in the metals sector, that support the market’s path towards energy transition. Through our indices, S&P DJI can offer valuable insights to clients and investors as they develop thematic and targeted investment strategies to reflect this transition,” Boal said.

An important and unique index feature is its flexibility in reweighting, adding or removing constituents at regular intervals to ensure that it can adapt to rapid changes in electric vehicles technology, as well as the launch and adoption of new metals futures contracts.

To learn more about the S&P GSCI Electric Vehicle Metals, visit https://www.indexologyblog.com/2022/03/29/going-electric-introducing-the-sp-gsci-electric-vehicle-metals/.

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