Thanks Regal as usual that you are one of very good posters that always remind us why we are investing in CXO and Li. To all my fellow investors, read again below the proposed new LAW by US.
This will make 67% all new car sales in US must be EV. So just gogle roughly 2021, 2022 total new car sales in US is around 20 millions (note this is just my average number). so let us 65% from 20 mil is 13 Millions new car sales must be EV by 2032. That is super huge and the amount of battery is huge. Means total Li needed is super huge.
Battery producers in Cina was trying all tricks to make the price down for their own profits. It is easy they sold (Ganfeng sold then CATL sold PLS) and then created fake stories with help from the usual clowns (GS, CS). If they bought back just below 5% via all these banks that will not be detected. Believing in ourselves and our miner report are crucial in our investing.
All my opinion only and not financial advice.
CXO Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
(20min delay)