So Africa and many other dodgy jurisdictions have had commodities in the ground for years and China hasn’t been there. Why?
Huge Iron Ore deposits in Africa have stayed largely undeveloped for decades, even through the US $200 price range. Why?
It takes Billions to get these resources to market. Most of these places have no supporting infrastructure. Plenty of examples of corrupt governments seizing assets and shutting them down. Mega Companies think long and hard before investing in these dodgy jurisdictions, as does company China.
First Quatum the latest company to suffer at the hands of a dodgy jurisdiction. US $10B sitting idle at the whim of Panama.
China will continue to need Aussie Lithium and they will pay a fair price, eventually.
https://www.reuters.com/markets/commodities/top-panama-court-rules-first-quantum-mining-contract-unconstitutional-2023-11-28/
Spodumene Prices, page-3786
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