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China’s nickel sulfate prices have been consolidating within the range of 26,000-27,500 yuan ($3,653-3,863) per tonne in the past few weeks, with no signs of a clear direction, sources told Fastmarkets.
California could soon enact legislation that would make electric vehicle (EV) battery producers responsible for ensuring end-of-life management and recycling of their batteries after Senate Bill (SB) 615 was approved by the Assembly Committee on Appropriations, clearing the way for a floor vote.
Macroeconomic challenges are putting pressure on the copper industry in Europe, with German demand particularly weak, sources told Fastmarkets
The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.
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