Battery metals lose luster as surge in supply outpaces demand mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Battery metals prices were soaring last year, with automakers fretting about long-term shortages. A year on, the market dynamics for metals crucial to the energy transition have flipped.
Battery metals lose luster as surge in supply outpaces demand miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) In the fast-moving world of battery metals, 2022 already feels like a bygone era. Back then, prices were soaring, automakers were fretting about long-term shortages and Elon Musk was describing lithium costs as “insane.”Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesI
Diversified explorer Power Minerals (ASX: PNN) has announced it has extended its memorandum of understanding with Chinese battery metals supplier Xiamen Xiangyu New Energy Co with a view to form binding agreements over the Salta lithium project in Argentina.