High prices dampen battery metals demand Facing a fresh wave of COVID-19 outbreaks , China’s strict lockdown measures are dealing a huge blow to the NEV industry, just two weeks after the industry was left reeling over record-high nickel prices on the London Metal Exchange. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now High raw material prices and logistical problems have led to a pessimistic outlook for the NEV industry, and market sources are not expecting any significant improvements at least in the next two weeks or so, as China continues to monitor domestic infection rates and adjust its lockdown measures. Decline in copper imports likely Domestic demand for copper, used as wiring in electric vehicles, was expected to increase on the back of strong EV sales in China, but the outlook for cathode imports has […]