The world is turning into E-era, despite of Australia, our ASX-regulators's ignorance has been allowing the maniplate in SP, so foreigners can buy Australia resource cheap. Well-done, polications!
Below is the article I read talking about last week EU has published new plan for batteries, so it can support EU's economic pillar, its 13-million-employees vehicle industry.
[Finance Time]
The EU tries to jump-start its electric battery sector
'EU is trying to catch up, as late starts in EV, stated by Audi.'
'Roughly 80 per cent of the world’s existing and planned battery production is in Asia, according to Bloomberg data. While Japan and Korea were early leaders, China now accounts for 69 per cent of capacity, the US 15 per cent and the EU less than 4 per cent. A quasi-monopoly for China in batteries would risk undermining Europe’s ability to compete with Chinese automakers. Beijing could, in theory, restrict future supplies. Asian manufacturers have already signed up much of the available supply of raw materials such as lithium and cobalt.'
http://www.ftchinese.com/story/001079833/en?ccode=LanguageSwitch
