The May bounce back in deliveries is an encouraging sign for the world’s biggest electric-vehicle market.

Regular operations in at least three Chinese warehouses have been suspended to check on-site metal inventories.

China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies to revive its pandemic-ravaged economy.

At least three companies lent a total of more than 500 million yuan ($75 million) against stockpiles of the metal stored in a warehouse in the southern province of Guangdong that turned out to be worth significantly less than that.

China has said it plans to let consumption of the fossil fuel increase until 2025 before beginning to reduce it.

Increased raw material shipments to China boosted activity despite covid-19 restrictions.

Officials in Shanghai announced an end to a two-month lockdown on Monday.

Goldman expects “sharp correction” for lithium price.