U.S. stocks ended mostly lower on Tuesday, as investors turned cautious on the last trading day of the month and ahead of key economic data releases this week. The main indexes ended the month with small to modest gains.
Electric-vehicle makers are swallowing up lithium, a lightweight material that some call “white petroleum” for its use in lithium-ion batteries that power electric cars. Lithium carbonate prices rose 47% in the first quarter compared with the average price in 2015, according to the most recent available data from data provider Benchmark Mineral Intelligence.
For deal makers, 2016 is set to be another record year, just not the type of record anyone wants. The value of withdrawn U.S. deals to $378 billion, already a record high for a year, according to Dealogic. World-wide buyers have canceled $465 billion of deals so far this year, the second highest year-to-date level since the $505 billion in 2007.
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