That was the question posed by punters to Goldman Sachs Bob Koor in Sydney.
His answer……..Electric-Vehicles (EV).
You only have to compare the streets of Shanghai in 2006 to 2018 and you can see first hand the EV revolution. Tesla’s are everywhere. China is at the forefront of technologies to slash greenhouse gases. With China’s socialist market economy, which includes control over production, has led to the fastest uptake of electric vehicles of any country in the world. China is the single most important driver of growth and profitability in EVs. China’s shipments of electric vehicles in January were up a whopping 480 per cent from a year earlier.
And the most profitable way to ride the electric vehicle boom is to invest in mining companies that either mined Lithium and minerals used in battery manufacture or were exploring for minerals that could be used in battery production.
Investors pondering a punt on the minerals used in batteries that help power electric vehicles need to keep a watchful eye on China, which could make the EV revolution happen faster than lithium producers think.