Chinese Dominance in Solar Industry and Lithium Market

The podcast discusses the Chinese dominance in the solar industry and the flurry of mergers and acquisitions happening in the lithium market. The Chinese are running a dumping campaign in the European solar industry, flooding the market with solar modules below production costs. As a result, the European solar industry is under acute danger. The Chinese solar companies, being listed and profitable, are able to sell at much lower production costs compared to their German counterparts. In the lithium market, there is a surge in M&A activities with companies like Glenn Carr, Albert Mail, and Mineral Resources acquiring lithium miners and developers. The Chinese are also starting to extract lithium from Africa, which was not previously on the radar. These developments are driving lithium prices down, despite the increasing demand for electric vehicles.