New EV product highlights how investor demand is veering toward achieving higher exposure to the physical commodities that are driving the energy transition

Six things you need to know about base metals markets in 2022

Auto manufacturer's first supply deal in the US for this key metal used in the making of batteries for electric vehicles

Covid-19 pandemic was period of high highs, low lows for battery raw materials, copper, aluminium – 2022 looks set to be smoother year for prices, supply, demand

Base metals prices on the LME were mainly rebounding on Wednesday September 22, after dip buyers took advantage of Tuesday's price weakness, while metals in Shanghai were mixed but mainly down in response to the downturn in London this week.

Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.

Chinese battery materials producer Xiamen Tungsten New Energy Materials (XTC) has struck a deal with CNGR Advanced Materials Co for the supply of cobalt tetroxide and ternary precursor materials, XTC announced on Wedmesday September 15.

Base metals prices on the London Metal Exchange largely edged up on the morning of Wednesday September 15 after a day of weakness, but those on the Shanghai Futures Exchange were weaker because they followed movements in London on Tuesday and reacted to weaker Chinese economic data.

Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday September 3, but overall the picture is one of consolidation ahead of today's employment report from the United States.