PolicyEconomic Times
India bans lithium-ion battery waste exports
Positive+42
GreyOak summary
India has prohibited the export of lithium-ion battery black mass effective immediately to retain raw materials domestically. This move aims to support local refiners in recovering critical minerals like lithium, nickel, and cobalt, reducing dependence on imports. The ban covers waste under HS code 85491400, though enforcement challenges regarding misdeclaration remain.
What it affects
- Trade and current accountPositive +42
Export of battery waste prohibited.Rolling sentiment Positive +43
- NickelPositive +38
Domestic recovery of nickel expected.Rolling sentiment Positive +18
