Trading day running commentary, page-4599

The raising, by the EU, of large tariffs on EV's imported from China (including non-Chinese companies who have chosen China as their EV production hub eg Tesla) will, very likely, have a significant, detrimental impact over the number of EV's from China sold in the EU.

(Assuming the EU, US, UK & other western countries implement their manufacturing "Green Passport" laws, & other ESG principles [which would include strong preference for clean, very low CO2 Ni sulphide mining & batteries], prospects for Ni Sulphide miners & refiners will benefit from these tariffs on Chines EV's)

bbc.com J. da Silva 4.7.24 said

"The European Union has raised tariffs on Chinese electric vehicles, as Brussels takes action to protect the bloc's motor industry.

The new tariffs on individual manufactures range from 17.4% to 37.6%, which is on top of a 10% duty that was already in place for all electric cars imported from China.

This could raise the price of EVs across the EU, making them less affordable for European consumers.

The move is also a major blow for Beijing, which is already in a trade war with Washington. The EU is the largest overseas market for China’s EV industry and the country is counting on high-tech products to help revive its flagging economy.

EU officials say this rise in imports was boosted by "unfair subsidisation", which allowed China-made EVs to be sold at much lower prices than ones produced in the bloc...

The Chinese government placed its bet on EVs early on.

According to the Center for Strategic and International Studies, between 2009 and 2023 more than $230bn (£181bn) of state support was pumped into the industry...".

Chinese electric car makers hit with new European Union tariffs (bbc.com)