Will China's Metal Stockpiling Drive Battery Prices Higher?

Via Metal Miner The Renewables MMI (Monthly Metals Index) continued to plateau, moving sideways with only a slight 1.29% drop. Currently, there isn’t enough bullish or bearish price action to yank the index too far out of its sideways trend. The historically volatile movements of grain-oriented electrical steel prices are currently the only factor adding any significant volatility to the index. However, there is also the fact that China currently harbors a vast stockpile of battery metals such as lithium and cobalt, crucial minerals for green…