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

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.