💨 Abstract

China plans to impose new export restrictions on technologies used for extracting minerals essential for the global electric vehicle industry, escalating its tech rivalry with the US. The proposed measures target technologies related to lithium, gallium, and battery cathode production, crucial components for EV batteries and semiconductors. China aims to protect its market share and strengthen its dominance in the battery supply chain, processing over 70% of the global lithium supply.

Courtesy: theprint.in

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