My take is that is is not a big deal but more of an election issue. Biden does not want to look weak on China. The total imports are so low there is no real issue. I would say that this will kickstart of few US car makers and give them some breathing room and anything that is good for US car makers and US EV sales is good for lithium, since this is where Wall St takes its cues, not from China.
PLS has mostly signed up Chinese for short term off takes of a few years so they have good optionality if the market expands in the USA and EU.
Short term no big deal
Medium term this will be good for USA and EU car makers and as you said especially Tesla
Long term is anyone's guess, consumers will always want cheaper and car makers will always want to protect their home markets so politics will have a big say in what happens.
Overall good for Lithium IMO and in any case supply shortage will likely happen regardless in months or a year or two at most.
My take is that is is not a big deal but more of an election...
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.79 |
Change
-0.010(0.26%) |
Mkt cap ! $11.40B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.87 | $3.74 | $185.9M | 49.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1585992 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 533583 | 19 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.78 |
Change
-0.010 ( 0.53 %) |
||||
| Open | High | Low | Volume | ||
| $3.83 | $3.87 | $3.74 | 9679943 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PLS (ASX) Chart |