Cars whether they are oil powered or electric will be a main stay. As will idiot drivers crashing into each other.
Mining employs less than 250,000 people in Australia. Even a drastic downturn would only see say 50,000 no longer employed. Australia sells over 1,000,000 new cars / year and has nearly 10,000,000 cars on the road.
In any case this is not a macro economic play, this is a play on one driven (no pun) ceo that appears to be in the right place at the right time.
Think Paul Little in 1989.
Pushing Higher, page-9
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