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Why Rock Bottom Prices for EV Battery Metals Bolsters China’s Longterm Strategy to Dominate Critical Minerals

Source: Bloomberg, Fastmarkets, London Metal Exchange, Asian Metal

South Africa’s Impala Platinum announced voluntary buyouts this week in a bid to cut costs as the mining company grapples with persistently low metal prices.

With the price of palladium down 40% this year and platinum off 14%, the challenge facing Impala is the same as other mining companies across the metals supply chain that are also struggling amid a prolonged downturn in prices.

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