Rio Tinto sees increased volatility as China reopens
The miner, which looks set to keep its position as the world's biggest iron ore producer, said the Gudai-Darri mine is expected to reach its nameplate capacity on a sustained basis during 2023.
According to IDTechEx, Europe is making efforts to decrease the utilization of magnetic materials and especially heavy rare earths in its electric vehicles.
EV battery costs were approaching parity with gas-powered cars, but Benchmark believes decline may be at an end as lithium prices surge 313% in a year and cobalt, nickel prices jump.