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In depth: How spiking lithium prices threaten China's EV market

Argentina, Bolivia and Chile pose particular challenge with OPEC-type plans

In 2021, EVs made up 15.7% of the new car market in China, figures from China Passenger Car Association show.   © Reuters

Lithium, the key ingredient in batteries, had a bumper year in 2021, as electric vehicle sales boomed globally, with China alone shifting 3.5 million units, double its 2020 total.

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