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EU may list lithium as harmful substances
The U.S. lithium industry giant Ya Bao recently said that if the European Union announced lithium as harmful substances, the company will have to close the factory located in Langelezheim, Germany. It is reported that the European Commission is currently evaluating a proposal from the European Chemicals Administration (ECHA) to include lithium carbonate, lithium lithium chloride and lithium hydroxide in a substance that is harmful to human health. If the proposal is formed, the EU's management of lithium compounds will be more stringent, and the production costs of related European -related battery suppliers will also rise.
Market analysis believes that when Europe vigorously promote carbon neutrality and promote the popularization of new energy vehicles at the same time, lithium is listed as harmful or become a major hindrance to the development of its local supply chain. In recent years, the European Union has vigorously promoted carbon neutrality and accelerated the development of renewable energy supply chain. The popularization of new energy vehicles has also become one of its important means to achieve the goal of decarburizing. According to the European Union's plan, the EU's electric vehicle ownership will reach 30 million by 2030. Everbright Securities also believes that if the bill is approved, the EU will be stricter to lithium compound management, but the overall use and import should not be affected. The cost of production of batteries in Europe has risen, and the exports of overseas lithium batteries and new energy vehicles will benefit.
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