US official accuses China of unfair trade practices ...News

The Asian nation is oversupplying the global lithium market in order to eliminate competition, the under secretary of state claims China is oversupplying lithium and undermining prices as it seeks to corner the global market for the critical metal, a senior US official has said, according to Reuters. Jose Fernandez, the under secretary for economic growth, energy and the environment at the US Department of State, made the claims late Monday during a visit to Portugal – Europe’s biggest producer of lithium. Fernandez told a briefing that China was producing much more lithium “than the world needs today, by far.”

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