Government efforts to encourage the adoption of electric vehicles (EVs) in countries around the world are shifting away from subsidies in favor of carrot-and-stick regulations, according to industry observers speaking at Fastmarkets’ 11th Lithium Supply and Markets Conference in Santiago in June. “In recent years there has been unprecedented price volatility in the lithium market, driven particularly by explosive EV battery demand,” LME head of market development Robin Martin said in a press release. “The LME has been approached by a number of industry players, including producers, end-users and several leading automotive firms, to develop effective lithium price-risk management tools.
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