Yes and no. Musk will do what is best for Musk, but critical minerals are too important and have been so artificially manipulated by the CCP that they are the first things to get tariffs. What might actually happen in a trade war is China place a massive export tariff on those as well because they control the market so nearly completely. They may even ban them like they did with REE to Japan at one point. In that case SYR SP is $10-20 but I doubt that will happen. Potentially Trump under pressure from Musk may stagger the tariffs starting as an example at 25% and increasing biannually. In that case Musk would want to ink an agreement with SYR immediately. I bet even now he is ordering large stockpiles from China to get him through as long as possible before buying at higher prices. Stockpiling could cause some short term hurt for SYR.
SYR Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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