Chinese commerce officials have proposed an export ban on lithium technology used to process electric vehicle batteries.
They are also considering restrictions on technologies involved in processing galliuma chinese document The display was released Thursday.
If implemented, these measures will be up to date series export restrictions and ban Beijing holds global dominance in key minerals and their processing technologies.
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Their announcement comes ahead of Donald Trump taking office for a second term later this month, during which he is Expected use of tariffs and various trade restrictions against China and other countries.
“Lithium chemical production may be risky”
Adam Webb, Director of Battery Raw Materials at Consulting Baseline mineral informationIt said China's proposal would help China retain control of 70% of global lithium processing and materials needed to make electric vehicle (EV) batteries.
“These proposed measures will be a move to maintain a high market share and secure the production of lithium chemicals for China's domestic battery supply chain,” he said.
“Depending on the extent of export restrictions, this could create challenges for Western lithium producers looking to use Chinese technology to produce lithium chemicals.”
Are the battery company's plans also under threat?
Proposed expansion and revision of restrictions on technologies used to extract and process lithium or prepare battery components could also hinder overseas expansion plans of major Chinese battery manufacturers, including Ningde eraGuoxuan and Yiwei Lithium Energy.
Some technologies for extracting gallium will also be limited.
Thursday's announcement did not say when the proposed changes, which are open for public comment until Feb. 1, will take effect.
- Reuters Additional editing by Jim Pollard
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