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MTB650b

1,640 Posts.

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20/05/23

20:28

Post #: 67880728
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Originally posted by pikapika: ↑

I just can't see China will let go of Minim Martap.

China needs to mine more bauxite at home, industry official says

APRIL 20, 2023 By Reuters Staff

....“China’s bauxite imports are highly concentrated in Guinea, Australia and Indonesia. We are seeing lower grade of domestic resources and gradual decline of self sufficiency,” Meng Jie, a deputy secretary general of the aluminium branch at the China Nonferrous Metals Industry Association (CNIA)......

.....China’s reliance on bauxite imports grew to 55% in 2022, from 2.8% in 2002.....

.....Across the globe, governments are focused on securing strategic minerals, especially those such as aluminium that are needed for the transition to a lower carbon economy......
.....while Indonesia banned nickel ore exports in 2020 and will stop exporting bauxite from June......

.....“We need to explore with a long-term plan to make sure we take good advantage of the resources,” Meng said, adding that China should also set up strategic reserves of bauxite and coordinate overseas development......

https://www.reuters.com/article/china-bauxite-idUSKBN2WH0WE

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That's fine with me Pika, $2 per share and they can have all of it. Can't see EEA letting it go too cheap.

CAY Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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Last 7.3¢		Change 0.000(0.00%)		Mkt cap ! $100.3M

Open	High	Low	Value	Volume
7.4¢	7.5¢	7.3¢	$52.55K	702.8K

Buyers (Bids)

No.	Vol.	Price($)
2	200000	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	68441	1

View Market Depth

No.	Vol.	Price($)
2	200000	0.073
2	342224	0.072
3	1999930	0.071
4	90870	0.070
1	95600	0.068

Price($)	Vol.	No.
0.074	68441	1
0.075	63875	1
0.076	50070	1
0.079	3538	1
0.080	568339	5

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