EQ Saturday Sapience #92
Equity Intelligence 9th November 2024
Adani Group builds a solar-industry supply chain to bolster India’s move to clean energy and reduce its dependence on China, What Trump’s victory means for US, India and rest of the world, The manifestation of the Chinese slowdown is starkly visible in commodities glut that is forcing prices to new lows and India is undergoing an astonishing stockmarket revolution.
- Tycoon Drives India’s Push Against China’s Solar-Energy Dominance... Adani Group, which built its energy empire on coal, is setting up an entire solar supply chain starting with indigenous manufacturing of ingots, wafers, cells and panels, and soon polysilicon. It is also constructing a solar farm in Khavda, western India, that will cover an area over five times the size of Paris… Read more
- Trump, who once called himself a “tariff man," imposed sweeping tariffs on imports of washing machines, solar panels, steel, and aluminium in his first term, setting off a trade war with China. This time, he has taken an even more aggressive stance, pledging a universal tariff of up to 20% on all US imports, alongside a proposed 60% tariff on imports from China and a plan to strip China of its most favoured nation status. If enacted, these measures could throw the global trading system into chaos and may also drive inflation in the US… Read more
- Commodities Woes… Perilous state of Chinese economy is a cause of concern for commodities producers as China consumes more steel, aluminium, copper, cobalt and lithium than EU and India combined… Read more
- It is the largest-ever experiment in participatory capitalism. As India’s stockmarket has surged, households have scrambled to stake a claim in its success. With barriers to entry falling, roughly 100m people not far above the poverty line have become capitalists, owning tiny stakes in publicly traded companies. One in five households today holds shares, up from one in 14 just five years ago. The number is set to rise further. According to India’s financial regulator, a new mutual fund with a minimum monthly contribution of 250 rupees ($3) will soon be launched… Read more
- “Overestimating the longevity of up legs and down legs is one of the mistakes that investors insist on repeating.” —Howard Marks
