If we continued on the current path, China would dominate the...

If we continued on the current path, China would dominate the global EV market and maintain control over lithium prices, setting them at levels that suit their interests. This lack of competition would keep lithium prices low for a very long time. Tariffs are a necessary evil. The EU and US need to catch up to China, which has a decade-long head start in importing and processing lithium. By imposing tariffs, the EU and US can protect their car manufacturing industries and build the necessary infrastructure for importing chemicals and setting up processing plants. Introducing tariffs will promote global market diversification and allow for more competitive lithium pricing. While EV prices might be higher in the short term, this approach ensures that lithium can be sourced at reasonable market rates in the long run. Ultimately, I feel this is beneficial for PLS and the overall lithium market.