Openai / Sam Altman I have nothing to add here, but congrats to JP Morgan Research for this: Hot New Unobtainium Just Dropped With lithium, nickel, cobalt and other battery materials prices collapsing everyone is now concerned about phosphorus. The reason is clear enough: lithium iron phosphate batteries require it.
> There is a clear opportunity here for China to team up with local banks in say, Nigeria, and provide securitization lending to allow a much faster and more affordable roll out of solar plus storage.
If China were to export to EM countries (that actually need FDI) and not to DM countries, that would indeed be an ideal solution -- trade frictions with the West would be reduced and poor countries would benefit from investments that actually improve their economic growth.
However I’m pessimistic. Michael Pettis has shown how China’s BRI investments have actually declined, and he attributes that to China learning the same lessons that previous trade surplus countries did -- such investments carry high risks.
For instance, “Chinese lending in Africa dropped to a new low of $994.5 million in 2022 from its 2016 peak of $28.5 billion.”
> There is a clear opportunity here for China to team up with local banks in say, Nigeria, and provide securitization lending to allow a much faster and more affordable roll out of solar plus storage.
If China were to export to EM countries (that actually need FDI) and not to DM countries, that would indeed be an ideal solution -- trade frictions with the West would be reduced and poor countries would benefit from investments that actually improve their economic growth.
However I’m pessimistic. Michael Pettis has shown how China’s BRI investments have actually declined, and he attributes that to China learning the same lessons that previous trade surplus countries did -- such investments carry high risks.
For instance, “Chinese lending in Africa dropped to a new low of $994.5 million in 2022 from its 2016 peak of $28.5 billion.”
https://www.voanews.com/a/china-and-the-lessons-learned-from-a-decade-of-the-bri-/7301915.html
Ha well played JP Morgan