FOCUS: European EV optimism unlikely to shake China's cobalt, lithium prices

By IM Staff
Published: Thursday, 11 June 2020

A slew of extensive stimulus measures to boost the adoption of electric vehicles (EVs) in Europe in the aftermath of the Covid-19 pandemic is unlikely to provide any immediate support to prices for cobalt and lithium in China, according to market participants.

By Carrie Shi, Susan Zou

In the past two weeks, several European countries, including Germany and the United Kingdom, either announced schemes to encourage the adoption of EVs or said they were working on such measures.

Early this month, Germany doubled the incentive offered to buyers of EVs as part of a...

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