Chinese Lithium Slumps 10% After EU Deal Slashes Hybrid Exports
Lithium futures in China slumped as the agreement to limit hybrid car exports to the European Union weighed on demand prospects for the battery material.
This websiteโs original language is English. For translation, click the globe icon or choose Translate in the menu.
3 matching records found
Lithium futures in China slumped as the agreement to limit hybrid car exports to the European Union weighed on demand prospects for the battery material.
China has announced the expansion of the resource base for a major lithium deposit in the southwestern province of Sichuan by about 70 per cent, strengthening the countryโs potential long-term supply for the metal โ an essential component in the production of batteries for electric vehicles (EVs) and energy storage. After recent detection efforts, the Jiada Lithium Mine has registered about 1.05 million tonnes of lithium carbonate equivalent in the deposit, bringing its total resources to 2.53...
Chinese lithium futures have shed a quarter of their value this month, pummeled by concerns over flagging demand.