Banter and general comments, page-993

good news for lithium prices

”As suspected, China has extended the purchase tax subsidy (for varying amounts) for new energy vehicles (battery and plug-ins) for four more years.

The tax break will not start until January 1 next year, and there will be maximum amount limits for the first two years and a lower limit for the following two years.

The move was announced in Beijing on Wednesday, in a move that will boost sales of NEVs and drive up prices of lithium and other key renewable metals, such as copper, graphite, manganese, and nickel. China will exempt NEVs with a purchase date between January 1, 2024, and December 31, 2025, from the vehicle purchase tax.