Is A New US-China Trade War Brewing – Over Batteries? | Insight | Full Episode

Lithium has been called “White Gold”. It is a critical component of the future of power storage, and a prized possession in a potential trade war - a battle over batteries. Batteries will be the heart of the world's post-fossil-fuel future.

Right now, China dominates the battery market, from raw materials, to research, to manufacturing. Wary of Chinese supremacy, the US and EU want to break Beijing's grip on the battery market. Can they do it? And what impact will the brewing battery battle have on all of us?

00:00 Introduction
01:19 Rising demand for electric vehicles
04:12 How China left the world far behind in battery race
09:00 US’ Inflation Reduction Act challenges China's clean energy dominance
11:46 Heavy metal 'gold rush' in Australia and Indonesia
19:43 Darker side of nickel mining in Indonesia
26:22 China leads the race for EV battery patents
34:11 EU's anti-subsidy probe into Chinese EVs
37:02 How US, China rivalry provide opportunities for new EV, recycling firms
40:55 Could batteries become the next sector of the trade war?

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ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
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