TOKYO -- The prices of lithium and nickel, key materials used in electric vehicle batteries, have nose-dived due to a sharp slowdown in growing demand in China.
Commodities
Nickel and lithium prices plunge as Chinese EV demand loses steam
Production facilities shutting down due to worsening profitability
The output of lithium projects in South America, such as this one in Chile, have contributed to the glut in the material. © Reuters
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