WSJWhatsNow: The prices for battery metals used in smartphones and electric vehicles keep sliding. AmrithRamkumar explains why investors are turning away from these formerly hot commodities.
Commodities from oil to sugar are rebounding on hopes for a U.S.-China trade deal, but investors’ positive mood hasn’t extended to one group of former market darlings: metals used in rechargeable batteries.
After more than doubling from 2016 to early in 2018, prices for two of the materials used in the batteries that power smartphones and electric vehicles have extended a monthslong slide and are now down more than 50% from last year’s peaks.
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