Massive short positions held by Tsingshan have gone disastrously awry over the past few days.

A global push among automakers to expand their lineups of electric vehicles just got a lot more expensive.

The country is set to add 393,000 tonnes to 400,000 tonnes of nickel in metal output capacity this year.

Nickel prices doubled on Tuesday to more than $100,000 per tonne.

In the heady days of the 2000s commodities supercycle, Vale made a $17 billion bet on a metal used mainly to make stainless steel.

New restrictions on overseas sales are possible in either April or August to make sure local power plants have sufficient supply.

Surging EV sales in the Asia Pacific region brings a wall of metals demand.

Data showed that output in January and February this year was estimated at 74.41 million tonnes, compared with 92.79 million tonnes in the same months last year.