The best ways to buy strategic metals

Weaker prices for strategic metals in the alternative-energy sector are an investment opportunity, says David Stevenson. Here, he picks some of the best ways to buy in.

Worker checking radiation level of uranium oxide
Uranium prices are set to heat up
(Image credit: © REUTERS / Alamy)

Given the increase in wholesale gas prices you’d expect that investment vehicles and companies involved in the energy transition would have shot up in value. However Tesla’s share price is down by almost a third (-31%) in the year to date, while Umicore, a major player in recycling strategic metals, is down 13%. As for funds, L&G Battery Value-Chain ETF (LSE: BATT) has fallen 18% in the year to date while WisdomTree Battery Solutions ETF (LSE: VOLT) is down 21% over the same period.

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David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.