TuesdayMay 03, 2022 3:20 pm

Invesco Launches EV Metals-Focused ETF Amid Energy Transition

Invesco, an independent investment management firm, recently launched its EV Metals ETF earlier last week. This comes as forecasts call for more metals required for the transition to renewable energy use in an effort to decrease dependence on fossil fuels. The exchange-traded fund, which is officially referred to as the Invesco Electric Vehicle Metals Commodity Strategy No. K-1 ETF, is trading under the EVMT ticker. It holds futures contracts tied to iron ore, aluminum, zinc, copper, cobalt and nickel. The company is betting that the increasing interest in electric cars will create a new trading opportunity in the metals needed…

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MondayMay 02, 2022 2:09 pm

ICE to EV Conversions Are Growing, But Waitlists Are Long

Interest in electric cars has significantly risen these last few months as concerns about pollution and climate change increase and the price of gasoline continues to soar. However, the hiccups affecting the electric car supply chain have led to shortages of new electric cars. This has in turn led to an increase in prices for used EVs. Specialty Equipment Market Association head Mike Spagnola stated that these shortages would make the conversion of internal combustion engine cars to electric cars become more popular, particularly for classic vehicle owners, noting that this market would grow considerably this year. Spagnola explained that…

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