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South Korean battery maker LG Chem, one of the leading suppliers of electric vehicle (EV) batteries, expects strong sales and improved profitability in the third quarter of this year because shipments of EV batteries to Europe are likely to increase, it said.
The metals and equity indices were headed in different directions this morning, Tuesday August 4, with equities up and metals down, but good data may well push metals prices higher as the day progresses – especially given better-than-expected US vehicle sales in July.
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