The battery metal really worrying China is lithium, not nickel
Lithium carbonate in China jumped about 472% from a low last June to a record high on March 15.
Lithium carbonate in China jumped about 472% from a low last June to a record high on March 15.
The average daily volume of combined LME nickel futures and options slumped to 64,952 lots in March.
A nitrogen-doped, carbon-coated nickel anode can catalyze an essential reaction in hydrogen fuel cells at a fraction of the cost of currently used platinum.
Prices rose as much as 4.2% on the London Metal Exchange, with about 200 lots changing hands in the first hour of trading.
CO2 Lock is expected to operate as a standalone entity from FPX, and will establish ownership interests in prospective mineral tenures.
The deal is one of several the electric vehicles giant has forged over the last year to secure supply of battery metals.
Getting to the bottom of who did what, when, and why, could take months or years.
The LME suspended nickel trading on March 8 after prices spiked by more than 50%.
The market has remained in near-paralysis, even on days when prices have been trading within the 15% daily limit.
In all, the 2021 drill program consisted of five holes and covered 716 metres.