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Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets’ “A critical look into the impact of Covid-19 on cathode materials” webinar on Tuesday July 21.
The three-month nickel price on the London Metal Exchange was higher during morning trading on Monday July 27, with price action continuing to trend higher amid steady buying momentum, while sizable inflows in both zinc and lead this morning failed to pressure the metals’ outright prices lower.
Gold is setting fresh record highs with prices having been as high as $1,943.70 per oz this morning, Monday July 27, while the base metals on the London Metal Exchange were up by an average of 0.8%.
The manganese ore index 37% Mn, cif Tianjin, has soared and slumped since March, with South African supply initially tightening and then ramping back up after restrictions were lifted.
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