After a tumultuous 2020 for global supply chains there are a series of outlier risks outside our core expectations for trade policy and logistics that include a significant mutation in the pandemic, a more hawkish stance from China and shipping lane insecurity. Also: SQM presses on with lithium expansion as export prices slide; Peru’s copper export slide started by Antamina, could be followed by Las Bambas; Daimler, VW confident of prolonged sales surge as imports rise; Biden does the treble, but that’s not a guarantee of policy freedom; Trump takes late opportunity to poke the ...