Just want to make sure you’re aware that using the plural “players” is a fiction when it comes to Chinese companies which are all in one form of another tentacles of the People’s Republic of China (PRC). If you would like an entertaining example, watch “American Factory” about Fuyao in America. Of course these companies have different directors/managers etc. but they all operate on the whim and with the support of the whole. It is hard for many westerners to get their mind into this gear and the Chinese know it.
”Cashed up” - yes the Chinese government has A LOT of money.
It is best to talk about China purely in terms of government in order to save yourself and others any confusion. Yes there is interest in A40 and it is also why the Chinese are mercilessly shorting GXY. PLS will shortly have a member of the communist party on its board. GXY does not want this.
Over on another thread someone posted an article about CATL building a massive battery factory in Germany. The Chinese want to control how much they spend on spod. GXY best bet is to avoid “cashed up” Chinese government unless they are buying spod on our terms we enter into as freely as we possibly can. They might control the market now but this will not last. GXY best play IMO is to vertically integrate with a converter.
The Chinese have relatively limitless patience, we are wise to look at the big picture, the long play and avoid getting into bed with the Chinese government.
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