Chinese consumers slow cobalt sulfate procurement on new EV subsidy policy

Chinese cobalt sulfate consumers have reduced their procurement of material following the new year holiday and while waiting for clearance on the government’s 2018 subsidy policy on electric vehicles (EVs).

The final subsidy policy on EV sales for 2018 is expected at the end of January, which is when it has been announced in recent years. Speculation over the new policy, however, has meant buyers have been more cautious about procuring material since the end of 2017.

It is certain that the Chinese government will utilize the subsidy policy to encourage the production and sale of EVs with an extended range and high energy density; yet...

Published

Susan Zou

January 17, 2018

11:10 GMT

Shanghai