Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.
For a measure of how much last week’s surge in gold prices may have caught the market by surprise, consider that hedge funds had just made their biggest-ever bearish wager on the metal days before.
Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble like gold are not getting any love.
