The US is the largest consumer of lithium-ion batteries in the world. In 2022, the volume of their import into the country in monetary terms amounted to $13.9 billion. At the same time, the main suppliers were:

1. China: $9.30 billion
2. South Korea: $1.29 billion
3. Japan: $0.98 billion
4. Poland: $0.48 billion
5. Hungary: $0.39 billion
6. Germany: $0.36 billion

The critical dependence of the US on Asian countries in this matter is obvious.
To reduce its dependence on these batteries, the US is trying to move production overseas, close to the raw materials. As the largest supplier of the valuable batteries is China.If the United States wants to develop in the field of electric vehicles, mobile phones and others, it must rely on and actually depends on China.

Trade with the best signals combining technical and fundamental analysis