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Market Spotlight

Green trend stirs copper and nickel markets as supply tightens

Demand high but Biden factor and China dominance fuel uncertainty

RURIKA IMAHASHI, Nikkei staff writer | Japan

TOKYO -- Rising environmental awareness and the global shift to eco-friendly cars and energy sources are raising a question in the market for key metals used in such "green" sectors: Will there be enough supply?

In just the past month, the global mood surrounding the tackling of climate change has changed significantly. In late-October, China said it was planning to phase out traditional combustion engine cars and make all new ones sold in 2035 eco-friendly in the form of electric and plug-in hybrid versions.

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