Johnson Matthey motored to the top of the FTSE 100 leaderboard yesterday as analysts talked up the company’s role in the electric car revolution. Credit Suisse found that Johnson Matthey’s high-energy Elno technology could improve the performance of Tesla’s Model S and added that may be “the next leading battery material for electric cars”. Elno “has the potential for best-in-class performance”, the broker told clients, adding that the risks surrounding its commercialisation were low. It downgraded Umicore, arguing that the Belgian-listed group’s NMC technology could be surpassed in electric vehicles. Picking apart the Model S, one of the world’s bestselling electric vehicles, led Credit Suisse to reiterate its “overweight” rating for Johnson Matthey and boost…

Source: The Times January 17, 2018 00:08 UTC