China 'tweaks' nickel import taxes to favour electric vehicles, Wood Mackenzie says



In mid-December, China made adjustments to import taxes on some nickel products that favour the production of electric vehicles. Starting from Jan. 1, the import tax on nickel sulphate — a key ingredient in lithium-ion batteries — was slashed to 2% from 5.5%, Wood Mackenzie says in a new report, while the tax on imports of nickel cathode for smelting purposes jumped from 1% to 2% (but it remained at the lower end for cathode more suited to plating and sulphate applications).

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