Projects built on farmland and ecological zones would be required to be shut down, or strictly reined in and gradually removed.
Rapid expansion of production capacity along the lithium battery supply chain has led to a plunge in prices for products, including battery and raw materials, eroding companies’ profits in the world’s biggest market.
Industry planning and launch of new projects should be in line with national development of resources, ecological protection and energy saving management, the ministry said.
The new guidelines will be effective from Thursday.
(By Farah Master, Ella Cao and Siyi Liu; Editing by Christopher Cushing and Bernadette Baum)
