Geopolitical Concerns over Supply Chains: CHRG? Weekly

This week we saw billions added to the list of global commitments to secure access to green metal supply. This was a tale of two global foes with Chinese battery giant CATL confirming a $1.4 billion investment to help develop Bolivia’s huge but largely untapped lithium reserves while Australian miner, Rio Tinto, revealed more steps aimed at strengthening the US copper supply through a $920 million investment in the Kennecott Copper Mine in Utah.?

As geopolitical tensions rise, US lawmakers, met with auto CEOs in Detroit to cut their supply chains’ reliance on China, especially for #EV vehicles. Concerns continue to mount over a supply/demand dislocation with Billionaire mining investor Robert Friedland announcing to 彭博资讯 that the US government must include copper as a critical material and Lithium producers warning that global supplies may not meet EV demand. In the same interview, Friedland rang the warning bell, “We’re heading for a train wreck here, My fear is that when push finally comes to shove copper can go up 10 times.”

As I say often, “where is all this stuff coming from”. It’s a perfect storm for surging prices as the markets have failed to realize the dislocation. Are you paying attention?

I had the chance to sit down with Axios and BNN Bloomberg last week to discuss Tesla. As I've said previously, Tesla is well positioned to become the infrastructure provider for EVs similar to 埃克森美孚 for gas-powered vehicles. I believe we will see other EV providers begin to migrate to using #Tesla charging stations as Rivian announced last week. We are in early innings in this emerging sector and our team is actively monitoring the space to keep investors up to date.

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