With so much unfolding in China across the battery metalsspace, we sat down with YJ Lee at the perfect time.

YJ runs a fund focused on the energy transition and bringsdeep expertise in both metals and battery markets. In this conversation, we dig into China’s policy pivot toward anti-involution and its knock-on effects for lithium and EVs. From there we dive deep into lithium itself – covering the demand and supply outlook, the surge in BESS, why inventories are often misunderstood, and plenty more.

Follow YJ on Twitter: @usuallyYJLee

Recorded 19 August 2025.

TIMESTAMPS

(00:00 ) Introduction

(02:06 ) China's Anti-Evolution Policy Impact on Lithium Markets

(04:40 ) China's Competitive Market Dynamics

(14:20 ) Licensing in China's Lithium Industry

(20:00 ) The Growing Demand for EVs

(24:14 ) Astounding Growth in BESS

(25:17 ) China's Commercial Battery Economics

(27:37 ) Solar and Battery Integration

(28:33 ) LFP Dominance

(29:25 ) CATL and Sodium-Ion Batteries

(31:36 ) Lithium Market Dynamics

(40:06 ) Global EV Adoption Trends

(42:51 ) Overrated or Underrated: Quick Fire Segment

(45:40 ) Closing Remarks and Reflections

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