Banter and general comments, page-18365

I think this is the reason for today price action. Well if the car market is bigger in the US then be it. If the Chinese got mad with us again, we'll look elsewhere.

Australia joins push to curb China’s critical metals dominanceBloombergShare postAustralia will be more assertive in scrutinising foreign investments in key commodities tied to electric cars and clean energy, a potential warning to China which currently dominates the market.Treasurer Jim Chalmers has asked Treasury to work with the Foreign Investment Review Board and a range of other stakeholders to undertake a review of foreign investment in sectors such as lithium and rare earths, he told a conference in Sydney on Friday.“We’ll need to be more assertive about encouraging investment that clearly aligns with our national interest in the longer term,” Chalmers said in his speech.It adds Australia to a broader push against China’s dominance of battery metals and renewable energy technology following moves by President Joe Biden aimed at limiting the nation’s influence on key supply chains.Canada last month strengthened its rules around foreign investments in the sector and ordered three Chinese firms to sell their stakes in a trio of lithium explorers.