TOKYO -- International prices of key metals used in auto production, including magnesium and lithium, are plunging, reflecting lackluster demand in China.
Materials
Global key metal prices sink on sluggish Chinese auto demand
Magnesium down 75% from 2021 high on supply glut and slow EV sales
A Volkswagen dealership in Shanghai. Prices for rare metals used in EVs have fallen dramatically. (Photo by Tomoko Wakasugi)
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