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Will China’s Metal Stockpiling Drive Battery Prices Higher?

Will China's Metal Stockpiling Drive Battery Prices Higher?

Via Metal Miner The Renewables MMI (Monthly Metals Index) continued to plateau, moving sideways with only a slight 1.29% drop. Currently, there isn’t enough bullish or bearish price action to yank the index too far out of its sideways trend. The historically volatile movements of grain-oriented electrical steel prices are currently the only factor adding any significant volatility to the index. However, there is also the fact that China currently harbors a vast stockpile of battery metals such as lithium and cobalt, crucial minerals for green…

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