Chinese Lithium Futs Plunge As EU Hybrid Cap Deals Fresh Blow To Battery Demand
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4 Articles
EU Hybrid EV Cap Sinks Chinese Lithium to 10-Month Low
The EU announced it will cap imports of Chinese hybrid electric vehicles at 350,000 units annually starting this December, sending Chinese lithium futures plunging to a 10-month low.European Trade Commissioner Maros Sefcovic brokered the quota system during recent negotiations held in Beijing. The restriction aims to halve China’s share of the European hybrid market to 3 percent and stem a surging trade deficit that currently costs the EU 1 bill…
Lithium fuels in China have become sharply cheaper after the agreement with the European Alliance to limit the export of hybrid cars. Banker.az reports on the basis of "Bloomberg" that the price of the most active lithium fyuchers equivalent in China after the market decreased by 10% to 104 740 yuan per ton, that is, to 15 649 dollars in total. Pressure on prices The agreement reached between China and AI will allow electrified cars to be introd…
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