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. 

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