A lithium battery high-tech industrial park is seen in Hongshe, Southwest China’s Sichuan Province on August 29, 2022. The park hosts 35 companies in the industry and 49 projects, making it the largest such production base in Sichuan and Southwest China’s Chongqing Municipality.
Zero Hedge: Lithium Industry Reeling After China Shutters 10% Of Global Supply
That’s a nice little EV industry you got over there in the US, it’s be a shame if suddenly it found itself without the most important commodity.
That’s one way to interpret what just happened in China; another – a less cynical – is the way Bloomberg described it, namely that China’s lithium industry itself is reeling as its top production hub – responsible for around a 10th of the world’s supply – faces sweeping closures amid a government probe of environmental infringements.
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WNU Editor: This push by China may only have a limited effect. Global production of lithium is growing, and it will minimize what China can do …. Analysis-Lithium price slide deepens as China battery giant bets on cheaper inputs (Reuters).