Hey guys, I would like to share with you my China experience from this week. I just got back.
I import tools and equipment from China and have done for about 8 years. There is currently a big supply issue going on in China due to the Chinese Govt hell bent on reducing emissions and cleaning up the counties pollution crisis. Dirty factories have been closed down overnight. Factories that do the dirty stuff such as casting factories, tin and chrome plate factories. Cardboard packaging is in short supply because the Govt is no longer accepting recyclable materials from the world including Australia because to process this recyclable rubbish into materials, it causes a lot of pollution.
I am hearing the same story from all our factories and also from large import houses in China that I have a relationship with. The key takeout is that they are hell bent on cleaning up the environment.
I just reckon and I could be biased, due to my 100% lithium producer portfolio, that they will also be hell bent on solar for homes/business with battery backup and reducing the amount of oil they consume for environmental reasons/re,duced reliance on US oil and converting their petrol/diesel powered fleets to electric.
Take this counsel as you will, but I am holding onto my lithium portfolio and will continue to buy more.
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