@1ronnie
I think the most enlightening and relevant part of this story (yes I did read everything thanks), is this quote within it:
”The industry is still struggling with overcapacity, but the gap in profitability between the first-tier and second tier manufacturers has already widened in the first half of 2023.” Li Hang, an analyst at Guangxi-based brokerage firm Sealand Securities, said in a report this month. “Companies in the second-and third-tier are already making losses.”
So for me, as much as one should always do their research and assess all information, not just that giving a biased view to one’s favour, the article does provide that the better quality companies are profiting. So what are the reasons for this? Unless it is backwards in China and they consider a tier 1 company as manufacturing low quality lepidolite and tier 2, 3 as those providing excellent quality product, then it is because of good quality product backed by sound stable economic conditions conducive to profitable trading. That equates to companies like PLS, LTR, and other tier 1 juggernauts.
LTR is very close to showing the world just what a tier 1 company in the best mining jurisdiction in the world has to offer. Tesla, LG, and Ford already know no doubt.
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