Chinese lithium carbonate prices rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December.
Chinese regulators are mulling a deeper cut in new carbon quotas, a move that would make it more expensive to run small and inefficient coal power plants.
Bullion is fluctuating near a key resistance level of about $1,835 an ounce, after a decline in nominal bond yields from a two-year high helped gold advance earlier in the week.
Serbia’s decision is a blow to Stausholm, who after winning the helm just over a year ago said he was aiming to win back trust for the world’s second-largest miner.