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The US has 3 or 4 lithium-ion battery production plants... total! (And Tesla is responsible for that!).
China has 120+ lithium-ion battery plants.
EU has a couple.

Ie China has a MASSIVE lead, in a tech that is crucial to a "level playing field" in EVs.

A week ago, Vice (a YouTube e-zine) produced:
Biden is Facing a Tough Choice on a Electric Vehicle Batteries.
https://youtu.be/_-aWpg-zsLI

In which Vice portrayed Biden as having to essentially give a presidential pardon to SK for stealing tech secrets from LG, or face the loss of 2k-3k jobs in the EV Lithium-ion battery plant, that SK is building in Georgia (US).
The courts have already ruled that SK did indeed, steal the tech from LG.
The VICE piece says SK was threatening to NOT build the battery plant, unless Biden gave SK a "pardon".

Biden was faced with upholding US standards on IP theft, or gaining jobs.

<<South Korean Electric Vehicle Battery Makers Reach $1.8B Deal To End Trade Dispute>>

https://www.npr.org/2021/04/11/986234531/south-korean-electr...

SK agreed to pay $1.8 billion in cash and royalties to LG in the settlement, and both South Korea-based companies agreed not to sue each other for the next 10 years.

The settlement means SK can finish building an EV lithium-ion battery plant in Commerce, Ga., which will provide batteries to Ford and Volkswagen, two contracts it won before the ITC ruling.


So, the US dodged the bullet.

BUT! SK has indicated that they have untrustworthy leadership? Should Georgia and the US "trust" them?

😷
ralph owns a 0.1% SPECULATIVE position in EMH (European Metals Holdings), a HIGHLY RISKY, pre-production, Lithium mine (Cinovec) in the Czech Republic due to the Chinese lead, and the pressure on EU to "catch up".
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