"Changes to Chinese subsidies for hybrid and battery-powered vehicles – or new energy vehicles in local parlance – that came into effect mid-June are already having a dramatic impact."
The Chinese government have realised they are working against their national strategy to dominate the global lithium supply market. Expect to see a spree of deals (acquisitions + off-take deals) over the next 6 months before they switch the subsidy back on.
IMO
General Comments & Banter, page-5852
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