The China steel and iron ore market narrative for 2021 was supposed to be pollution-led curbs on steel, coupled with rising iron ore supply. Neither is happening.
The world’s no.2 cobalt miner and largest tungsten producer will help artisanal and small-scale miners (ASM) become a trusted source of battery metals.
China's industry ministry said the country will take steps to stabilise raw material prices and strengthen supervision of the market after a spike in prices.
EV Metal Index jumps 245% YTD, boosted by rising sales of cars like the Ford Mustang Mach-E and Audi e-tron Quattro with high-nickel, cobalt batteries.