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China Tells EV Battery Chain It Wants ‘Rational’ Lithium Prices

  • Government summons industry officials to discuss soaring costs
  • Lithium is almost 500% more expensive than a year ago

China is telling its electric-car battery supply chain that it wants lithium prices to return to sustainable levels.

The government called in a range of market participants last week -- from lithium producers to the main carmakers’ association -- to discuss “a rational return” for lithium prices, according to a statement from the Ministry of Industry and Information Technology late Friday.