China’s Ministry of Commerce has introduced proposals to restrict the export of technologies essential for processing lithium and gallium, two critical elements in electric vehicle (EV) battery production. This move underscores China’s strategy to reinforce its dominance in the global battery supply chain while addressing rising international trade tensions. Currently, China processes approximately 70% of the world’s lithium, a key component in EV batteries, giving it a significant edge in the fast-growing EV market. The
Read MoreJanuary 5, 2025