This is John Batchster. Conversation with colleague Elizabeth Peake about China's EV market

and how successful it is until the tariffs in Europe and the blockage in America

mean that they're producing more than people can buy, want to buy, maybe. Evis are suddenly out of favor. However, the underlying

irony here is, China, knowing the tariff war was coming, did not store enough copper.

The F.T. says they're going to run out of copper in early June. U.S. has plenty of copper.

Without copper, no EVs.

Here's Liz to explain.

B.Y.D.

Success, except this little detail.

Copper. More of this tonight.

Yeah. And by the way, you don't have an EV industry, which has become one of the biggest industries in China now.

I mean, what BYD has done, which is their biggest EV company, is produce a car that's inexpensive, it's excellent, and it's running rough shot over European electric vehicle makers.

It is a serious threat to American car companies if they are ever allowed to penetrate our market.

But to your point, Sean, you're not going to make many EBs without copper.