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EV supply chains set to globalize, says battery chief, though concerns persist over China's dominance

The green energy transition is inevitable and expanding but faces challenges due to high costs and reliance on critical minerals like lithium, nickel, and copper. China's dominance in the $2 trillion green tech sector has lowered clean energy costs but raised trade concerns, leading to tariffs and security issues.


China controls much of the EV and battery market, with companies like CATL holding a 38% market share. CATL's co-chairman, Mr. Pan Jian, emphasized the need for global supply chain diversification as EV sales grow worldwide.



Concerns persist about China's control over critical mineral processing and investments in nickel, cobalt, and lithium. Nations like the US are seeking alternative supply chains, citing security risks. Experts stress the importance of diversifying both mining and processing to secure future green energy needs, with copper playing a critical role in electrification.


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