China will extend the subsidies and tax exemption provided for the purchase of new energy vehicles, which was due to be removed by the end of this year, for another two years in a bid to boost consumption of the vehicle, China’s Prime Minister Li Keqiang had said during the executive meeting of the State Council held on Tuesday, according to information on the government’s website. This became a cause of concern among battery metals market participants, although it came as no surprise. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Some market observers expect demand for NEVs to improve after April, when the country’s industrial operating rates rise and the national economy is back on track. However, some battery metals sources said that it might take some time before an improvement in NEV demand, driven by the extension in these subsidies, can […]