Good to hear from you
@Scarpa. Always appreciate your analysis. I hope you are well.
It is clear to everyone how much it benefits China Inc to keep the market in surplus. They will do everything they can to keep it this way for as long as they can. No doubt they will be trying to bring on new supply, so we need to keep on eye on their movements in this regards.
Quite amazing to me that the number 1 American-made car brand sold in the USA is Tesla, and this despite the competition and government stance atm. Shows people all over want to move to EVs imo. It is just a matter of time. BESS will go from strength to strength. I’ve already put in a 40kwh battery at home but am going to install another as I am sending to much energy back to the grid atm and they give you pittance for it. We need the pace of transition to outpace China’s ability to manipulate price. Eventually the market will get too big and I believe and we will get a fairer price. The million dollar question is how long until this occurs.
The BoD have a lot tied up here, so they’ll do whatever it takes to keep the lights on until the market recovers, so I’m positive on the future. A bit of government foresight and support would greatly help. We need to build out the infrastructure required, and some downstream support would go a long way.
LTR looks like a really good bet from here imo with the one proviso being whether China can continue to monopolise the market. Personally, I can’t see the rest of the world allowing this to happen so I think we’ll continue to see the western supply chain built out. With this China Inc’s ability to manipulate price diminish over time.
Hopefully I can get across to an AGM this year and say hello to so many long term holders who have very much enriched my life along this journey. Thank you.
All the best.
G
(20min delay)