FOCUS: Chinese cobalt demand under pressure on new EV subsidy policy

By IM Staff
Published: Tuesday, 13 March 2018

Despite the better-than-expected 2018 Chinese government’s subsidy policy on electric vehicles (EVs), cobalt demand in the local market is likely to be subdued after the transitional period specified in the new policy expires in June, market participants told Metal Bulletin.

As the market had expected, China’s 2018 EV subsidy policy prioritizes pure EVs with a higher driving range and energy density. Yet, instead of cutting subsidies for EVs with a low driving range immediately, the government is allowing a transitional period to phase out corresponding subsidies. 

To be eligible for the...

This is a preview of the full article

  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app

Take a Trial or Subscription today. Start below: