China has announced a 4-year extension of tax exemptions, to...

China has announced a 4-year extension of tax exemptions, to 31.12.27, for Chinese buyers of new EV's. This is very likely to, eventually (China's economy has been relatively "poor", cf periods prior to covid 2020), increase significantly EV sales- & thus increase Li demand. Bodes well for EMH

fastmarkets.com C. Shi, et al 21.6.23 said

"...The existing NEV tax exemption was due to end on December 31, 2023.

China’s purchase tax exemption on NEVs will remain in place between January 1 2024, to December 31 2027. Between January 1 2024 to December 31 2025, the total exemption amount per unit will not exceed 30,000 yuan ($4,179). The tax exemption, however, will be halved between January 1 2026 to December 31 2027 from its original 10%, with the per-unit exemption amount capped at 15,000 yuan.

The extension of the tax break is likely to have a positive effect on the country’s electric vehicle (EV) sales and the upstream battery raw materials market, sources told Fastmarkets.

“China’s general citizen consumption is weak and therefore the EV market is under a lot of pressure. Now that the citizens can directly benefit from this policy, I think there will be strong support to the EV market and the upstream battery raw materials demand,” a battery materials trader said".

https://www.fastmarkets.com/insights/china-extends-nev-purchase-tax-breaks-to-2027