The Ministry of Commerce of China has proposed export restrictions on certain technologies used to manufacture battery components and to process critical minerals lithium and bile.
If implemented, they will be the latest in a series of export restrictions and bans targeting critical minerals, as well as the technology used to deal with them, Beijing is dominant in the global field.
Their announcement comes ahead of the inauguration of Donald Trump’s second term later this month, during which he is expected to use tariffs and various trades to other countries, especially China, in which case he is expected to use tariffs and various trades to other countries, especially China. limit.
Adam Webb, head of battery raw materials at the consulting firm’s Benchmark Mineral Intelligence Agency, said China’s recommendations will help the country master the materials needed for lithium processing worldwide to make electric vehicle (EV) batteries.
“These proposed measures will be actions to maintain this high market share and ensure lithium chemical production in China’s battery supply chain,” he said.
“This could face challenges for Western lithium producers who want to use Chinese technology to produce lithium chemicals based on the level of export restrictions imposed.”
The proposed expansion and revisions to technical restrictions for extracting and processing lithium or preparing battery components may also hinder overseas expansion plans of major Chinese battery manufacturers, including CATL, Gotion and Eve Energy.
Some techniques for extracting bile water will also be limited.
Thursday’s announcement did not say when the proposed changes will be open and will not take effect until February 1.
©Tech Word News
(This story has not been edited by Tech Word News’s staff and is automatically generated from the joint feed.)
