A new generation of lithium-iron-phosphate batteries, which don't use nickel, is grabbing a growing share of the Chinese market. The technology has even got the Elon Musk nod of approval.
Rapidly rising tin demand from electronic companies and low inventories coupled with supply and shipping disruptions will likely support prices of the shouldering metal in the near term.
The dollar languished near its lowest in a week as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.