Thats par though, the current macro clusterf*$k is the latest...

Thats par though, the current macro clusterf*$k is the latest example of the stellar decision making by the powers that be.

The CPP know their domestic car sales will soak up the majority of global supply which is why they are so aggressive. The west has handed them the perfect setup - ratchet up inflation and mandate the transition to EV when all but China are wrong footed. Anyone who has commodities can deleverage and potentially compete but the timeframe is laughable. I would bet the EV space will be completely saturated by the Chinese manufactures in no time.

Lets not forget wind turbines using 600kg to 1t worth of ndfeb magnets per MW. Energy produced by turbine's increased 45% last year is now as much as all alternate methods combined and china generated 70% of that, just quietly. Kinda seems like the horse has already bolted.

If the west was already tooled for the EV transition we would have followed the Li producers up the charts.

In any case, VML wont be short of clients when that happens....or we start selling to china like everyone else.