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Largest lithium resource with lowest valuation 2, page-1397

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llhtom

246 Posts.

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11/01/18

19:07

Post #: 30236852
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Originally posted by 8horse ↑

China media reported their finding of 0.52Mt LCE as a huge prize, adding to the existing 1.88Mt LCE (owned by Youngy Co Ltd, the company is currently value at around A$2b for 1.88Mt LCE, deposit located 4,300-4,500m above the sea level, is hard to mine).

AVZ's shared 16Mt - 23Mt LCE, will Chinese give up???
Chinalco was preparing USD$19.5 billion bidding for RIO, will Chinalco be interested in AVZ?
ML listed Chinalco few days ago.

China's lithium mines are heavily dependent on imports and their import ratio is as high as 70%. It is necessary to know that the lithium consumed in our country accounts for 40%, Once the rise in lithium ore, there will be cost soared, or even cut off the danger.

China to make meritorious deeds, found that super-huge mines, the value of 400 billion, and finally no longer be stuck neck

January 10, 2018 Beijing time

China has long been known as a country rich in natural resources and rich in various mineral resources. As a whole, there is no problem with this remark. However, with the rapid development of China's economy, many resources still need to go abroad Import to ensure demand, such as oil, but today I want to say is another resource of great strategic value, it is lithium metal.

Lithium metal is used in a wide range of applications, both civil and military fields are inseparable from it, the most common is the manufacture of high-performance lithium batteries, whether it is mobile phones, laptops or electric cars have to use it.
In the military field, lithium batteries are also indispensable. For example, some individual combat equipment needs to rely on lithium batteries to provide sufficient power. Conventional submarines need lithium-ion batteries for underwater operation, as well as missiles, satellites and drones. Equipped with electronic components are also inseparable from it, we can say that lithium has become a strategic resource in the modern as much as rare earth, known as "white oil."

However, prior to this, although China still had lithium deposits, due to its low mineral reserves and low production capacity, China's lithium mines are heavily dependent on imports and their import ratio is as high as 70%. It is necessary to know that the lithium consumed in our country accounts for 40%, Once the rise in lithium ore, there will be cost soared, or even cut off the danger.
And this kind of resource is more and more important in the future. According to foreign media estimates, the global demand for lithium is less than 200,000 tons in 2016, but by 10 years, that is, 2026, the demand will reach 1,000,000 tons, the situation is very serious.

But fortunately, just recently, China announced the discovery of a newly discovered ultra-large lithium deposit called "China Lithium Valley" in the Kahne mining area of Aba, Sichuan, with a total deposit of 520,000 tons The 52 million tons of lithium resources account for 10% of China's total lithium resources, but here the taste of lithium is very high, the difficulty of mining is not large, compared with the traditional Salt Lake to mention lithium, the cost will be greatly reduced, The mine originally had 1.8 million tons of lithium resources, adding up to more than 2.3 million tons, the total value of nearly 400 billion yuan, the future is immeasurable.

Some analysts believe that lithium metal has unlimited potential for military applications in the future. However, the lithium resources in the world have basically been divided up. The discovery of China's super-large lithium deposits can greatly alleviate the serious dependence of lithium mine on foreign countries. We will continue to promote the development of related industries in China and promote the continuous updating of military weapons and equipment. However, we must pay special attention to quota exploitation to achieve sustainable development so as to avoid the tragedy of previous cabbage prices.
https://news.sina.com.cn/2018-01-11/detail-ifyqptqv7447210.d.html

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Thanks for sharing, 8horse. Good article. The submarine in the article however belong to Japan. Not china. Lol.

AVZ Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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