According to CoinMeta, the Indian government announced on Tuesday an immediate ban on the export of lithium-ion battery black powder, a material used in battery recycling that contains metals such as lithium, cobalt, nickel, and manganese. This policy change shifts the export status of this product from "free export" to "ban on export," with the aim of encouraging the processing of key battery materials within India and supporting India's strategic goal of developing an electric vehicle supply chain. According to notices issued by the Ministry of Commerce and Industry and the Department of Commerce, the export ban applies to lithium-ion battery black powder, as well as related battery waste that is unclassified and does not contain lead, cadmium, or mercury. India is one of the fastest-growing electric vehicle markets in the world, and the government is vigorously promoting the development of local battery manufacturing and recycling industries, setting targets to have electric vehicles account for 30% of new car sales and 80% of new two-wheeled and three-wheeled vehicle sales by 2030.