For a larger share of the world’s lithium supply, China relies on countries with unstable political systems, which often protest against lithium mining projects.
Why is this important?
China wants a large share of the world’s lithium supply in order to maintain electric vehicle production. The sector is expanding rapidly. Although the country has only a small share of the world’s reserves, Beijing is determined to do all it can to achieve its goal and not lag behind other major countries, which could hurt the auto and technology industries.News: China is taking a risky venture by investing in lithium mines, as there is a lot of resistance to such projects.
- Chinese companies are pioneers in refining lithium, but there is a shortage of raw materials. This is one of the biggest economic challenges for the coming years, as lithium is essential for electric vehicle batteries
- To achieve its goals, China is pouring billions into projects in countries with a history of people
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