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Lithium

Chinese lithium plunge has created huge discount to US prices

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Bloomberg

Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the US.

After a buying frenzy sent global prices soaring though last year, they’ve since plunged as electric vehicle demand disappoints and supplies are expected to remain ample. Yet despite the broad rout, futures in the crucial Chinese market are about a third cheaper…Full Story

Commodity traders urged to seize opportunity as investment in critical metals lags

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Energy and metals traders can tap into a rapidly growing value pool by bringing greater liquidity and risk management tools to a lucrative but underfunded market, a report by McKinsey says. 

The value of commodity trading pools nearly doubled from 2021 to 2022, reaching US$99bn in trading earnings before taxes and interest, finds the report, published on September 26.  

It also says commodities are “currently significantly underpriced” despite rising demand driven by the energy transition…Full Story