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Page 10 - கட்டிடக்கலை பில்லிங்ஸ் குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

EV battery demand continues to boost prices for cobalt, other metals

Adobe Stock Here’s a quick rundown of news and thoughts from particular commodity markets, including materials price support from EV battery demand, the Department of Energy s funding of projects to boost production of rare earths and critical minerals, hot rolled coil prices and much more. MetalMiner, a sister site of ours, scours the landscape for what matters. This week: Price support from EV battery demand As automakers and, in turn, consumers continue to incrementally embrace electric vehicles, that demand is also supporting prices for battery materials. Among those battery materials is cobalt, of which a majority of global mine output comes from the Democratic Republic of the Congo.

Construction spending, Architecture Billings Index show growth

The Construction Monthly Metals Index (MMI) jumped by 12.1% for this month’s reading, as construction spending picked up in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending rises US construction spending in March reached a seasonally adjusted annual rate of $1,513.1 billion, the Census Bureau reported. The March rate marked a 0.2% increase from February and a 5.2% increase from February 2020. Meanwhile, construction spending in Q1 rose 4.5% year over year to $328.3 billion. Broken down further, spending on private construction reached a rate of $1,169.2 billion, or up 0.7% from February. Within private construction, residential construction came in at a rate of $725.2 billion, or up 1.7%. Nonresidential construction dipped 0.9% to $444.0 billion.

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