Barclays says commodity gains this year not supported by fundamentals– sector vulnerable to wave of investor liquidation that could knock prices down 20–25%.
BloombergNEF data show that lithium-ion battery pack prices fell 6% from 2020 to 2021 but rising commodity prices are putting pressure on the industry.
"While the severity of the new variant remains a big uncertainty, it casts a shadow over demand growth in the near future and further complicates the supply chain," said ING.
Sum allows the miner to continue progressing critical activities at the underground expansion, but doesn’t guarantee further crucial investment will get approved.