China Revises Overly Ambitious Lithium Production Forecasts

China's principal lithium-producing province plans to boost output of the metal by a factor of five over the next five years, which is half the level of its previous target. This revised guidance for lithium production was followed by a subsequent announcement that China may invest more than $15 billion in electric vehicles during the next 10 years. Investors will be interested to observe how this development might impact the global supply and demand, or if this could potentially change the adoption rate of electric vehicles in specific markets.