CHINA PROPOSES EXPORT RESTRICTIONS ON CRITICAL MINERALS TECHNOLOGY

China's commerce ministry has announced proposed restrictions on exporting technology for processing lithium and gallium, key materials for EV batteries and advanced technologies. With a 70% global market share in lithium processing, the move aims to secure domestic supply chains while posing challenges for Western producers dependent on Chinese expertise.

These restrictions could also impact the overseas expansion of major Chinese battery companies like CATL, Gotion, and EVE Energy. Experts believe this is a strategic step to maintain China’s dominance in the global battery supply chain. Public comments on the proposal are open until February 1. This development could significantly reshape the global energy and tech landscape.