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Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.
Elon Musk, chief executive officer of electric vehicle (EV) producer Tesla, publicly called for a ramp-up in global nickel mining in line with the company’s production boost during a presentation on the company’s second-quarter results on Wednesday July 22.
The three-month nickel price on the London Metal Exchange was higher during morning trading on Thursday July 23, with strong turnover across the Asian session leading price action to gain just under $400 per tonne over the morning, while copper spreads continued to tighten.
Heightened diplomatic tensions between the United States and China, and their potential implications on the phase one trade deal struck between the two nations, were a headwind for the base metals this morning, Thursday July 23. Meanwhile, more liquidity keeps underlying sentiment bullish, as do supply concerns.
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