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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Volkswagen and Mercedes-Benz have signed joints memorandums of understanding with the Canadian government to secure raw materials for their battery-supply chains as they ramp up production of electric vehicles.
- It includes lithium, nickel and cobalt, with VW reviewing potential sits for a planned large-scale battery factory in North America and Mercedes planning to enter an agreement with Rock Tech Lithium for supply of lithium hydroxide.
- In the case of lithium, it has played little impact from a macro perspective for Canada, with exports of lithium carbonates almost halting in 2020 and lithium oxide/hydroxide exports also low as global prices fell, but an almost 7-fold increase in lithium prices since prior to the pandemic could have a larger impact this time around.
- Gains are however likely limited by known Canadian reserves of 0.53mln tonnes compared to 4.7mt in Australia or 9.2mt in Chile of the other major producers.
Lithium carbonate price ($/kg)Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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