China's reliance on foreign battery metals poses a challenge - industry
China needs to strengthen its domestic resources of battery metals including nickel, lithium and cobalt as its reliance on external supply poses a risk for its electric vehicle industry, a metals industry official said on Friday.
China depends on overseas sources for 93% of its nickel, 98% of its cobalt and 65% of its lithium, said Hu Changping, Deputy Secretary General of the China Nonferrous Metals Industry Association.