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China EV subsidy cuts hit lithium outlook

Morgan Stanley has a bearish outlook for lithium prices and equities following China’s reduced electric vehicle subsidies.

China EV subsidy cuts hit lithium outlook China EV subsidy cuts hit lithium outlook China EV subsidy cuts hit lithium outlook China EV subsidy cuts hit lithium outlook China EV subsidy cuts hit lithium outlook

The Mt Marion lithium mine in Western Australia

In a note last week, Morgan Stanley said the cuts were ahead of its expectations, although Citi believed China's new policies were "largely in line with market expectations".