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A widening price gap between UG2 chrome ore and Turkish chrome ore in China has emerged since mid-March, when persistently high port stocks and falling domestic ferro-chrome prices weighed on the UG2 market, while the Turkish market has been supported by limited supply, rising costs and good demand, participants said.
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Toyota Tsusho Corp, the joint sales and marketing agent for lithium chemicals from Orocobre’s Olaroz lithium works, has signed contracts to supply battery-grade lithium carbonate to two leading Chinese cathode manufacturers, Orocobre said.
Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday.
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