Chinese Lithium Miners Undeterred by EV Battery Overcapacity
A price slump and US tariffs aren’t fazing the companies, which appear to be more focused on long-term growth.
Battery packs on a factory production line in Dongguan, China.
Photographer: Qilai Shen/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Annie Lee looks at how overcapacity in China’s battery sector isn’t putting off the miners of energy transition metals such as lithium and nickel. To get this newsletter sent straight to your inbox, you can sign up here.
Overcapacity in China’s battery industry looks unlikely to deter producers of the raw ingredients that are powering the energy transition.