Chart, page-15117

Maybe I threw too much information at you.

China has cut subsidies for electric cars, that's 1.4 billion people who no longer receive government/free money to buy electric cars.

https://www.bloomberg.com/news/arti...-fall-for-first-time-after-china-cuts-subsidy

If people are no longer given free money to buy a certain product they no longer want to buy that product, hence the demand falls.

Now they're buying up their own supply in Australia.

That's a sign.

Why cut subsidies, reduce demand, then go around the world buying up Lithium companies?

The Chinese aren't stupid, they control 80% of the rare earth market that are used in battery chemicals.

https://www.reuters.com/article/us-...ars-due-to-processing-dominance-idUSKCN1T004J

https://www.forbes.com/sites/miltonezrati/2019/06/14/chinas-rare-earth-ploy/#649a3f727b6c

I would imagine once they have secured their own supply they will induce a new policy to stimulate growth in the EV sector, IMO