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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":686,"relatedVideos":687},112472787439099,"e1c5881c-48c8-4367-b520-c1c391215406","China’s zero-Covid policies weigh on lithium and cobalt prices","chinas-zero-covid-policies-weigh-on-lithium-and-cobalt-prices","article/chinas-zero-covid-policies-weigh-on-lithium-and-cobalt-prices",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":663,"featured":51,"reporter":664,"_editable":668,"component":669,"seo_title":543,"categories":670,"visibility":678,"author_company":49,"featured_image":679,"seo_description":663,"author_full_name":49,"author_job_title":49,"formattedDate":684,"formattedArticleDate":685},"15c13426-914e-4084-9e8b-87828c5e877e","2022-04-29 00:00",[550,553],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"covid","COVID",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,576,581,586,591,596,601,606,613,618,623,628,643,648,653,658],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"Chinese lithium and cobalt sulphate prices fell this month as strict Covid-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"Chinese battery-grade lithium prices fell by 5% this month to a mid-point of RMB 478,000, according to Benchmark’s Lithium Price Assessment, the first fall since June 2021. Prices for cobalt sulphate fell by 6%, according to Benchmark’s Cobalt Price Assessment.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"China’s “zero-Covid” policy could slow sales of electric vehicles this month as consumers in the country’s biggest city remain at home. At the same time logistical difficulties caused by the lockdowns in Shanghai and elsewhere are disrupting supply chains for automakers and battery producers.",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"Shanghai, a city of 25 million people, has been in lockdown for over a month, impacting auto factories and the transportation of parts and supplies in the city and neighbouring Zhejiang and Jiangsu provinces.",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"Automakers including Tesla, Nio and Volkswagen were forced to temporarily halt production earlier in the month. Tesla said it had resumed “limited production” at its plant in Shanghai.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"Consultancy Rho Motion now forecasts Chinese EV sales of 5.6 million this year, down from an earlier forecast of 5.8 million.",{"type":570,"attrs":602,"content":603},{"textAlign":49},[604],{"text":605,"type":575},"“People were afraid of NEV (new energy vehicle) sales because of price increase earlier this year, they are not afraid anymore, because everyone now is afraid of the impact from Covid which will be much more devastating to demand and sales this year and no one can see the turning point yet,” an industry source said.",{"type":607,"attrs":608,"content":610},"heading",{"level":609,"textAlign":49},4,[611],{"text":612,"type":575},"Cobalt prices ease",{"type":570,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":575},"Chinese cathode producers are drawing down on their inventories of battery raw materials rather than making new purchases, according to George Miller, an analyst at Benchmark.",{"type":570,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":575},"Prices for cobalt sulphate fell by 6% in April to RMB 112,500 a tonne as lockdowns halted downstream cathode production, weakening demand, according to Benchmark’s Cobalt Price Assessment.",{"type":607,"attrs":624,"content":625},{"level":609,"textAlign":49},[626],{"text":627,"type":575},"Signs of optimism",{"type":570,"attrs":629,"content":630},{"textAlign":49},[631,633,641],{"text":632,"type":575},"Still, ",{"text":634,"type":575,"marks":635},"battery producers",[636],{"type":637,"attrs":638},"link",{"href":639,"uuid":49,"anchor":49,"target":49,"linktype":640},"https://source.benchmarkminerals.com/article/tesla-suppliers-catl-and-lg-profits-hit-by-raw-material-costs","url",{"text":642,"type":575}," including CATL and LGES said this week they were confident about global sales this year. Lost EV demand due to the lockdowns could be pushed into later this year, according to Miller.",{"type":570,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":575},"“Upstream raw material price increases have started to ease, and demand still remains exuberant,” CATL’s board member Jiang Li, said. “So I’m naturally positive on the industry and prospects for the company.”",{"type":570,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":575},"China’s Passenger Car Association said it expected retail sales of passenger cars to fall in April by 32% but said it was still optimistic on sales of new energy vehicles, saying it expected them to maintain their 25% market share.",{"type":570,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":575},"Ken Brinsden, chief executive of Australian lithium producer Pilbara Minerals, said this week that the automotive shutdowns in China had not impacted lithium demand.",{"type":570,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":575},"“Demand has been consistent now with respect to our ability to sell for the best part of 12 months and we haven’t seen any change,” he said. “There has been a little bit of softness in pricing. But in part, that doesn’t surprise me, because the market had obviously run very, very hard and fast in the period prior, the fact that it’s taking and breather, it really is no surprise.”","Chinese lithium and cobalt sulphate prices fell this month as strict Covid-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Chinese battery-grade lithium prices fell by 5% this month to a mid-point of RMB 478,000, according to Benchmark’s Lithium Price Assessment, the first fall since June 2021. Prices for […]",[665],{"slug":558,"name":559,"content":666},{"job_title":561,"image":667,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"15c13426-914e-4084-9e8b-87828c5e877e\", \"id\": \"\"}-->","article",[671,673,676],{"slug":672,"name":115},"cobalt",{"slug":674,"name":675},"critical-minerals","Critical Minerals",{"slug":677,"name":8},"lithium","private",{"id":49,"alt":680,"name":680,"focus":680,"title":680,"source":680,"filename":681,"copyright":680,"fieldtype":682,"meta_data":683,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/51d13a23a8/bm-shanghai-lockdown.jpg","asset",{"alt":680,"title":680,"source":680,"copyright":680},"Apr 29, 2022","29th April 2022",[],[],1781512952703]