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Power restriction in western China may push up prices for EV-use Li batteries

Power supply restriction imposed by the provincial government of Sichuan, western China, beginning mid-August 2022 has pushed up prices for lithium carbonate and as a consequence, prices for lithium (Li) batteries used in electric vehicles (EVs) are likely to rise because Sichuan accounts for over 20% of total lithium mineral output in China, according to industry sources.