Boy what a night. Copper traded up to US$3.94/Lb. or A$13,136/t....

Boy what a night. Copper traded up to US$3.94/Lb. or A$13,136/t. Finished down a little on the bell to finish US$3.9135 / A$13,033/t.

Just to add to this PLS finance news by the Australian government. Joe Biden has evoked a number of countries to wake up to the Chinese dragon. Scott Morrison jumped onboard and now Albo is running with the baton. America wants to ensure its critical minerals supply as does Australia. The Government stake in PLS gives the Australian government control over its resources. As an example we have Greenbushes = Tianqi/Talison/IGO sells its lithium via the Kemerton plant in WA

Perhaps this map may be slightly wrong but you get the idea as I'm not sure of its accuracy. IGO holds 24.99% in Greenbushes & 49% stake in Kwinana. Kwinana has long term contracts with South Korea and Europe, but prior to Tianqi's financial woes the Chinese company had ultimate control over the worlds best operating lithium mine. China has it's claws gripped tightly on the entire lithium supply chain.


Australian government gaining control over its own resources ensures other countries cannot control the resources of Australia.
A very important point moving forward in times of global uncertainty. I would be very pleased to find that the Australian government has invested into CYM.