China and India – the Asian gold-buying phenomenon

Value of the graphite, lithium, nickel, cobalt and magnesium contained in EV batteries is up 38% from the lows struck in January.

During this period, gold is usually just before forming a short-term top and starting the biggest decline within the final quarter of the year.

Consumers in price sensitive regions such as India had been finding it difficult to cope with gold's rally in recent months.

A Singapore businessman is accused of leading investors in Envy Group to believe they could profit from physical nickel trades.