China’s Extreme Summer Threatens Rice, Lithium and Metals
(Bloomberg) — Drought and power curtailments across southern China are threatening supplies of everything from grains and aluminum to battery materials for electric vehicles.
Sichuan extended industrial power cuts as the most intense heat wave since 1961 depletes reservoirs used for hydropower. Other regions along the Yangtze River are also battling severe temperatures. While the disruptions may be short-lived, rice harvests will be at greatest risk if the severe weather is prolonged, according to Goldman Sachs Group Inc.
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