Action Plan Unveiled for High-Quality Development of New-Type ESS Manufacturing Industry, Boosting Long-Term Lithium and Nickel Supply-Demand

Roadmap" for New-Type ESS Manufacturing Industry Development Released; Long-Term Positive Support for Both Sides of Lithium and Nickel Supply and Demand

Recently, the Ministry of Industry and Information Technology, along with seven other departments, jointly issued the "Action Plan for High-Quality Development of New-Type ESS Manufacturing Industry" (hereinafter referred to as the "Plan"). Experts pointed out that the detailed guidance in the "Plan" will be of great significance for the high-quality development of the ESS industry over the next decade. In addition, the "Plan" proposes to intensify support for domestic exploration of lithium, cobalt, nickel, and other mineral resources. According to market analysts, resource exploration is a key measure for China to ensure the security of its industry chain and enhance international competitiveness. Although the short-term impact on related metal prices is limited, in the long run, it will provide positive support for both lithium and nickel supply and demand.