Vedanta urges India to negotiate duties on nickel sulphate imports from Japan and South Korea for EV battery production.

Vedanta, an Indian metals-to-oil conglomerate, is urging the Indian government to negotiate with Japan and South Korea to eliminate import duties on nickel sulphate, crucial for electric vehicle (EV) batteries. Currently, Japan imposes a 3.9% tax and South Korea a 5% tax on these imports. Vedanta seeks changes to the Comprehensive Economic Partnership Agreements to boost exports to these countries, where demand for nickel sulphate is strong, amid India's nascent EV market.

September 11, 2024
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