This edition of the Kallanish Power Materials Weekly report analyses Biden’s tariffs on Chinese critical minerals and their potential impact on the US electrification journey. The team also looks at two key battery metals: nickel and cobalt, and their respective outlook. Our hydrogen coverage has seen Nel licensing its alkaline electrolyser technology to India’s Reliance Industries; BNEF downgrading the role of hydrogen in decarbonisation by 2050; and Japan passing a low-carbon H2 subsidy act. In addition, the report has an exclusive interview with Jeff Chamberlain, ceo of Volta Technologies – a new venture capital boosting research and finance for battery start-ups. Last but not least, this issue has fresh figures for EV registrations across major global markets, and the latest China’s battery materials trade flow data.