Margins are way above historical norms, and such a drastic divergence of price and production cost cannot last indefinitely, says WoodMac.

Top physical traders warned that eye-watering margin calls are forcing them to reduce their activity.

KoBold last year secured a 51% stake in the Disko-Nuussuaq project.

J Capital Research on Thursday published a report saying the lithium miner should be valued roughly 90% above its current market cap.

Prices are now broadly in line with nickel contracts on the Shanghai Futures Exchange.

The Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in 2021.

The flurry of deals on Tuesday came as LME prices moved back into line with nickel contracts trading on the Shanghai Futures Exchange, which remained open during a weeklong suspension of trading.

The deal came after more than two years of talks, Vale said in a securities filing.