It’s all about supply outside of China.
https://asia.nikkei.com/Business/Materials/U.S.-seeks-EV-battery-mineral-deals-beyond-China-diplomat
A lot will depend upon the US clarification of “Foreign entity of concern”. The big Korean manufacturers met with US Deputy Secretary of commerce on Friday asking for an update. Ford have paused their plans with CATL.
The Biden govt can’t keep everyone happy. There’s two options, or something in between.
1, if they water down the FEOC ruling then OEMs and Korean manufacturers, will chase price, & jump into JVs with Chinese manufacturers. Which is a failure for the Govt as they wont achieve the goal of De-Coupling. Republicans will scream. US jobs etc
2 If the govt stick to the rule and won’t allow any tax credits for Chinese materials at all, then product ex China price will go up for everything refined and Graphite. There’ll be complaints from the OEMs that this is causing inflation, & there isn’t battery materials available etc.
It’s mostly refined materials and graphite that China has the biggest market share. Going to be interesting to see the interpretation.
It’s all about supply outside of China....
-
- There are more pages in this discussion • 2,860 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NVX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
59.5¢ |
Change
-0.020(3.25%) |
Mkt cap ! $293.1M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 59.0¢ | $370.4K | 620.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 103965 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 2160 | 1 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| NVX (ASX) Chart |