China to Ban Sale of Fossil Fuel Cars in Electric Vehicle PushBloomberg NewsSeptember 9, 2017, 5:54 AM MDTRegulators are working on a timetable of the ban, Xin saysChina joins U.K., France to phase out combustion-engine carsChina will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market.
We have been looking for ideas to invest here besides Tesla for some time. We’ve been in and out of SQM, (should have been in more). Besides ALB and FMC there are no U.S based plays I am aware of. Australia is projected to be the biggest lithium export market. There are some Australian lithium miners listed on the AUX. Don’t know enough to recommend any. Perhaps the best play is to go short oil and the E&P players as it looks to be in secular decline when the world’s largest auto market is going away.
Source: China to Ban Sale of Fossil Fuel Cars in Electric Vehicle Push – Bloomberg