Afternoon trading June 12, page-25

  1. 8,482 Posts.
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    Yeah but they have crashed the price of Lithium for the moment so many projects are in care and maintenance.
    There is talk China was actually mining at a loss to get the price so cheap,
    Possibly in retaliation for Sanctions,
    Possibly just to crash the price of various projects worldwide and buy them up cheap.

    They already own so many of our Large Lithium / REE Mines and Companies,
    Even owning the Lithium Refinery.

    Anyhow we should probably be refining our own Lithium here where the Lithium is,
    And owning said refinery ourselves.

    We are getting the chump change on the unrefined product,
    Selling it cheap
    sending it China to be refined,
    When we should be refining it and selling it as battery grade making the Big Bucks.

    Anyway price is easily manipulated when only one Country controls the whole Worlds supply,
    Due to being the only ones who refine it.

    Anyhow more refineries on the way such as Teslas one in Texas,
    That should give more competition and a better Price EVENTUALLY

    CXO
    Lithium / REE Companies in general.
    Last edited by $$$$$$$$: 12/06/24
 
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