https://www.scmp.com/news/china/science/article/3010200/china-cra...

https://www.scmp.com/news/china/sci...-lithium-production-electric-car-breakthrough


Chinese now hitting lithium propaganda harder than Morgan Stanley.








China cracks cheap lithium production in electric car breakthrough

• Scientific breakthrough leads to record low costs for essential battery ingredient
• US and Europe seek to break Chinese dominance in global supply chain

The production of lithium – an essential ingredient in batteries for electric cars – has become easier and significantly cheaper, thanks to a technological breakthrough, just as US concerns about China’s dominance in the supply chain are on the rise.
The cost of extracting the mineral has been slashed to a “record low” of 15,000 yuan (US$2,180) per tonne by the new process, a Chinese government report said.
That compares to an international price for lithium ranging from US$12,000 to US$20,000 per tonne – and a long-term contract price of about US$17,000 – over the past year, according to some industrial estimates.