Prices on the Guangzhou Futures Exchange have more than halved since the bourse debuted lithium trading in July.

Gold has rallied more than 11% since early October, initially fueled by haven buying in the wake of the Israel-Hamas conflict.

Lithium’s price slump over the past year has been as dramatic as its climb — and it’s probably not finished yet.

The combined company, for now referred to as MergeCo, will be one of the leading gold developers in Canada.

The Chvaletice project in the Czech Republic is the only sizeable, classified resource of manganese in the European Union. 

If the Cobre Panama mine was to be permanently shut, then the market could easily move into deficit in 2024, a Macquarie analyst said.

The price outlook compares with earlier estimates of $130 per ton, and Monday's level of $135 per ton.

Gold continues to be bullish in the near term, with the dollar index in a downtrend.