Lithium price outlook unclear as producers like IGO 'play chicken'
A sharp correction in the battery metal price has triggered more cut backs in output and analysts say investors should brace for even more volatility.
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A sharp correction in the battery metal price has triggered more cut backs in output and analysts say investors should brace for even more volatility.
Brent for March settlement was 0.4% higher at $82.74 a barrel as of 1:30 p.m. in Singapore.
West Texas Intermediate crude rose to settle near $78 a barrel, bolstered by a wave of technical trading.
Gold prices jumped Monday ahead of this week's US Fed interest-rate decision after US President Biden pledged retaliation for Iran-backed militia killing 3 soldiers while debt-plagued Chinese property giant Evergrande was ordered into liquidation
The collapse in battery metals has many investors fleeing nickel and lithium plays for safer waters. Here are the commodities fund managers have turned to in 2024.