Proshares S&P Global Core Battery Metals ETF is trading 6.5% up today as global equity markets rally and risk appetite improves following several down sessions.
- Rising crude prices, driven by Iran-related supply fears, are boosting energy and commodity-linked natural resources holdings.
- Broader U.S. indices are trading nearly 2% higher, encouraging aggressive dip-buying across cyclical sectors.
- The combination of an oil supply shock and easing immediate geopolitical panic is lifting natural-resources equities and pushing the fund significantly higher.