Why does it need to be profitable if the argument is that China is happy to subsidise loss making mines?
This is a genuine question, if China does have the vertical integration which allows it to offset mining losses further downstream, cathodes, batteries, evs etc
Bifurcation of lithium market between China and the West isn't going to solve much if majority of other constituents which make up a battery and EV continue to come from China. Every western battery maker to date has and will at least in the near term continue to source majority of its materials from China, anodes, cathodes, electrolyte etc.
So if there is truth in the argument that china is willing to move losses around while still making a margin downstream to capture market share, whats to stop them from opening what would otherwise be consider unviable mining operations?
Aimo
LTR Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)