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China’s Export Restrictions on Lithium Processing Equipment: A Game Changer for the Global EV Market
In a significant move that has sent shockwaves through the electric vehicle (EV) industry, China has initiated restrictions on the export of essential equipment used in the processing of lithium, a crucial metal for the production of EV batteries. This development signals potential disruptions to global supply chains, especially for Western automakers and battery manufacturers that rely heavily on Chinese resources.