Still, demand will fare better than the first nine months of the year, when it suffered after India imposed one of the world’s strictest lockdowns.

Three species of black coral have been discovered on the seabed of the northern Pacific Ocean, an area where several countries have contracts to explore for metals including cobalt and nickel.

Work has been suspended from Tuesday until Nov. 10 as a containment measure after 19 employees tested positive.

Nickel bulls may have to defer their great EV expectations for a while yet and focus on what is happening in the currently far more significant stainless steel sector.

Metal’s spectacular rally over the last month still has momentum, but as supplies rise and demand dwindles, prices will retreat.