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12/06/24
14:21
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Originally posted by $$$$$$$$:
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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.
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Because economies of scale we can't compete on price or for that matter no one can a billion peeps = cheap labor. Why don't we make steel in Australia we have all the ingredients same old story we are dirt shippers of everything because we all want cheaper end products.