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Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill.

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Mercedes-Benz Vans launches new Vito in China; unveiling electric van of future this week

Green Car Congress

In the first half of 2016, Vito and V-Class continued to be the strongest sales drivers. In the second quarter of 2016, Mercedes-Benz Vans achieved its best ever quarterly EBIT of €401 million (US$447 million) (previous year: €234 million, plus 71%) and its best ever quarterly RoS of 11.7% (previous year: 8.3%t, t, plus 41%).

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Oversold Lithium could be about to rally

Green Car Congress

It’s important to remember that prior to the crash, lithium had enjoyed a meteoric rise with prices doubling since the beginning of 2016 and nearly quadrupling over the past decade. A furor around anticipated new supply especially from China’s new hard-rock projects and Chilean brine mines got out whack and derailed the market.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

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