Diesel, it ain't going to pull your tailor, it ain't going to get you out of your driveway. It ain't even going to get the supplies you need to the warehouse.
Now isn't this interesting. How long have we longs been going on and on about how BEVs RE in the national interest. Electricity can be generated in house, all income circulates within the Aussie economy and not funneled out to offshore interests.
If this plays imagine the interest in going BEV, open up a few eyes. Only problem is that we in Oz can't get enough supply to buy anything. Will the order book ever open up for us to buy a Model Y. If this becomes a major problem all orders BEV will blow out more and more.
On a side note, I am like others was not expecting ORE to make the ASX100. I really thought PLS was going first and we would join them 6 months later. Sneaky, sneaky. Anyway, whatever happens day to day is irrelevant because thanks to GCar we know what the price will be on the first day of the month ;> ...........................
The supply chain crisis wreaking havoc across the globe is set to step up a notch, amid reports a disastrous shortage could soon force everyday Aussie motorists off the road.In a nutshell, the world is facing a major shortage of a key ingredient found in diesel exhaust fluid (DEF) – also known as AdBlue – with the situation set to come to a head this summer.The crucial ingredient in question is urea, which helps to reduce emissions – a mandatory requirement of many diesel vehicles, including both trucks and private vehicles.But supplies of urea from China have plummeted recently, causing headaches for many nations, most recently in South Korea, which last month flew a military oil tanker to Australia to collect tens of thousands of litres of the essential item. South Korea has since banned urea exports and rationed DEF purchases in a bid to quell the crisis.
China is the major supplier of urea to the Asia-Pacific region, however, the nation has recently massively scaled back exports of the item in a bid to reduce domestic fertiliser prices. That’s because urea also a major component in fertiliser due to its high nitrogen levels.
Australia is a substantial importer of urea, with 80 per cent of our supply coming from China – and while we do create some urea locally, it’s not enough to address the issue.
Now, Australia is about to feel the pinch, with those in the know about the looming crisis affecting AdBlue reportedly attempting to stockpile supplies.
However, it is understood there is not enough product available to avert the problem, with rumours swirling that supplies could dwindle to critical levels within weeks, or by March 2022 at the latest.
If that comes to pass, thousands of private cars and commercial trucks could be forced off the road as a result, just as the busy holiday season kicks off. ‘Can’t wait another week’An Australian Trucking Association spokesman told news.com.au that the shortage could have big impacts on all Australians.“If it is not addressed, trucking businesses will have increasing difficulty obtaining AdBlue,” the spokesman said. “We could see trucks pulled off the road, which would affect deliveries like fresh fruit, vegetables and meat to supermarkets.
“AdBlue suppliers are restricting deliveries now, but the situation could get much worse in the New Year if the Government does not take action.“The shortage will also affect late model diesel cars and utes that require AdBlue.”He said the situation would “really begin to bite by Christmas” and will come to a head in February to March, when stockpiled supplies are expected to be exhausted.“The Australian Trucking Association started briefing government officials on November 11,” he continued.“We helped arrange a series of follow-up discussions between the Office of Supply Chain Resilience (OSCR), trucking businesses and DEF suppliers.“We have now started meeting with ministerial offices. The issue can’t wait another week. It certainly can’t wait ’til after Christmas.”According to the ATA, it was crucial that Australia’s diplomats and trade staff overseas should be tasked with providing support to Australian DEF suppliers in their efforts to source urea.“The Department of Infrastructure, Transport, Regional Development and Communications and the National Heavy Vehicle Regulator should work with truck manufacturers to determine of the engineering feasibility of deactivating the emission control systems of selected trucks if the DEF shortage becomes critical.,” the spokesman said.
ORE Price at posting:
$9.18 Sentiment: Buy Disclosure: Held
