GLOBAL LITHIUM WRAP: China’s battery-grade lithium prices move sideways; VAT cut, new subsidy weigh on markets

By Martim Facada, Carrie Shi
Published: Friday, 29 March 2019

Chinese domestic lithium spot prices held in the week ended Thursday March 28 with most producers resisting consumer expectations for lower prices from the reduced value-added tax (VAT) cut and the new Chinese new energy vehicles (NEVs) subsidies.

Battery-grade lithium prices held steady in China this week despite consumer pressure for lower prices following Chinese policy changes, such as the VAT cut and the new NEV subsidies for 2019.Global battery-grade lithium hydroxide prices softened week on week on slow demand. Global battery-grade lithium carbonate prices were steady.Chinese domestic spot...

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