...Chinese EV Battery Makers command 65% of total EV Battery market, the largest consumers of lithium.
...Koreans make the rest.
...How do you not have to sell to the China? That is, if they want or need to buy them from us.
...They have built their own supply chain in South America and Africa in addition to domestic supply of lithium. They are doing us a 'favour' buying from us, they already figured there will be a time we may be hamstrung (by gropolitics) to sell it to them.
...So where is our lithium actually going?
> US will have their own, trust me - probably even supplying to Chinese EV makers eventually setting up production plants in US
> Europe - they will want to have their own too in addition to tying up with Chinese EV in JVs
> Emerging economies - well, Chinese lithium will be going there too and the BYDs are fast setting up production plants in Asia.
...If people are thinking lithium is our next iron ore, they are sadly mistaken and barking up the wrong tree.
...we are not exclusive in lithium in a way that we have been endowed with iron ore that is less found in other parts of the world.
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