Automakers Are Slashing Prices To Sell Off Excess Inventory
Via AG Metal Miner The Automotive MMI (Monthly MetalMiner Index) rose slightly higher than in previous reports. Month-over-month, the index went up by 5.08%.Automobile inventories may be rising, but consumers are much more reluctant to purchase than they were six months ago. With interest rates still climbing, more and more consumers continue to steer away […]
India plans first-ever auction of lithium mines in Q1FY24
In a first for the country, India plans to auction blocks of lithium mines, recently discovered in Jammu and Kashmir, between April and June. Indian companies and foreign entities with a local subsidiary can participate in the auction, a mines ministry official said. The ministry, through the Geological Survey of India (GSI), will also undertake […]
Some analysts paint bearish outlook for lithium as prices drop 20% from November peak
At least a couple of analyst firms are bearish in their outlook on lithium carbonate, used in producing cathodes for electric vehicles (EV) batteries, after the chemical’s price dropped by about 20 per cent from the peak witnessed in November 2022. Prices of lithium carbonate, one of the two compounds employed for making cathodes with lithium […]