Lithium suppliers negotiate tougher terms on price
Lithium buyers and sellers are having important annual supply discussions through 2025 as demand dynamics in the battery industry change. Producers are aiming for better terms after a challenging year for this important battery component. More details on the ongoing negotiations can be found here. Also read: Arkansas could be the future of U.S. lithium production While lithium prices are on track to fall for a second consecutive year, the steep decline seen previously appears to have reached its lowest point. IndexBox data shows that China's lithium carbonate exports in 2023 will be US$518.3 million, and imports will significantly exceed exports, reaching US$6.3 billion. The ongoing negotiations, involving major customers in the cathode, battery and electric vehicle industries, aim to limit discounts previously offered to battery supply chain customers. This strategic focus is intended to be consistent with modest improvements in market conditions over the coming year. Current deals are being discussed at discounts of 0 to 2% to the…
EU cuts tariffs on Tesla and Geely again, but China wants to negotiate
Tesla's tariff rate has reportedly been reduced from 9% to 7.8%, and Geely's tariff rate has been reduced from 19.3% to 18.8%, but China has expressed its willingness to work with the EU to find a solution that satisfies both sides. go through Chris Chilton September 10, 2024 11:50 The European Union has again revised its tariffs on a small number of electric vehicles imported from China. Tesla’s tariff rate has reportedly been reduced from 9% to 7.8%, and Geely’s tariff rate has been reduced from 19.3% to 18.8%. Chinese officials say they are eager to meet with their European counterparts to find a mutually acceptable solution to the trade dispute. The European Union is reportedly making a second round of changes to its tariffs on cars imported from China, and the changes are good news for Tesla and Geely, but Chinese officials say they want to meet with their European counterparts to work out a new deal that both…
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