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Our long-term view on the EV industry is
positive. The technology is evolving rapidly, and the competitive landscape is
conducive to developing efficient, low-cost, yet powerful batteries.
We came out of the commodities downturn in 2016, and as we start 2017, we see strong efficiency on the operating side, which should generate robust financial results.
Natural resources equities and commodities markets improved considerably in 2016, and we expect that the next commodity bull market is now firmly anchored in place.
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