GXY 0.00% $5.28 galaxy resources limited

Well it's a great strategy by the Chinese anyway you'll have to...

  1. 4,606 Posts.
    lightbulb Created with Sketch. 1626
    Well it's a great strategy by the Chinese anyway you'll have to give them a round of applause.

    Driving the Lithium price up, through demand, to start investments/businesses in the Lithium sector.

    Once the businesses have taken a foothold & done all the hard work to find, build the mine & supply Lithium, China then drives the Lithium price down by creating an artificial glut. Shortly after go around the world buying up struggling Lithium miner/producers.

    Great business model, they'll do well.

    I'm sure once China have taken their slice of the pie they won't care how high the Lithium price will go later, once demand ramps up again, because they've secured their own supply.

    GXY just needs to hold out until then.
    Last edited by ProCapitalism: 29/11/19
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.