Yes, GXY operates in a global economy.
However I hate to point it out, but whom, as an investor in Li gives a crap about uptake of EVs in Australia. Its such a small market that any uptake locally will have no impact.
Australians as a majority don't understand EVs and are terrified as a result of a dedicated misinformation campaign. Even the labor party doesn't understand anything to do with EVs. The election campaign proved that. Australians can be an ignorant herd.
All the talk about EV problems remind me of the old debates about daylight savings that the curtains would fade or cows wouldn't give milk.
The Australian EV take up is of no relevance. For the rest of the world market forces are driving growth.
In my mind EV cars won't be the main Li ion battery consumers in 5 years time. Grid storage and stability, home retail solar battery Li storage, 5g base stations fitted with Li ion battery storage. Many more battery powered retail devices and battery powered IOT products. The list of fast growing battery dependent tech is staggering. Li ion batteries can provide crucial redundancy in the electricity grid. They can solve the base load concerns pundits have that if the wind doesn't blow or the sun doesn't shine, green energy is useless. It will also make electricity pricing consistent throughout each day without peak time period pricing which in turn will lower electricity pricing. Battery backup on a large scale also reduces risks from hacks / attacks on the grid.
So again, who cares if Australians choose to be backwards when it comes to EVs. It's just a tiny market.
DYOR
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