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Lower US crop and stronger crush margins drive demand
China’s preference for lithium iron phosphate (LFP) batteries continued to grow in June, with the country’s output of such batteries rising by 11.64% month on month to 42.2 gigawatt hours (GWh), according to data from China Automotive Battery Innovation Alliance (CABIA)
A combination of low generation and depleted stocks drove prices up for US OCC imports
China’s auto output and sales rose for a second straight month in June, due to central and local government stimulus measures, along with carmakers introducing new models and sales incentives to try and hit their mid-year sales targets
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