Ganfeng raises lithium metal prices amid power crunch
The Chinese company also cited higher costs for raw materials such as lithium carbonate for the price increase.
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The plant will be in the town of Guben, a roughly 90-minute drive from where Tesla is building its gigafactory.
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Aluminum rose as much as 2.8% to $3,049 on the London Metal Exchange Monday, the highest since July 2008.
Copper bulls get electric shock as world’s factories slow down
Bank of America said $20,000 could be possible if major supply-side issues arose simultaneously.
China coal futures surge to record as flooding swamps mining hub
Floods have closed 60 of the 682 coal mines in Shanxi province, which has produced 30% of China’s supply of the fuel this year.
Codelco raises Europe copper premium by 31% in bullish signal
Codelco offered to supply copper to European customers at a $128 premium over futures next year.
Billionaire Forrest plans green energy factory to rival China
Fortescue’s energy unit will build a plant with initial capacity to make two gigawatts of electrolyzers a year in Gladstone, Queensland.
Iron ore price surge is latest spike to fuel inflation fears
Iron ore has suddenly gone from commodity laggard to a top performer.
Nornickel slashes forecast for palladium market deficit
Nornickel currently expects a deficit of 0.2 million-0.3 million ounces in 2021 and 0.3 million ounces in 2022.
