GXY 0.00% $5.28 galaxy resources limited

electric cars are the future - renault, page-4

  1. 22,598 Posts.
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    It would have made better sense for GXY & Talison to share a
    West Australian based carbonate plant thereby defraying costs, And the production of high valued e- car batteries & having free trade
    access to the North American market via our free trade agreement
    would have also added value to GXY. This would have limited GXY's exposure to the upcomming trade war between the USA & China

    This could have also positioned
    Bunbury as the world centre for hard rock Li batteries. Our government,
    unlike that of China is asleep and has failed to recognise the potential
    for adding value & Aussie labour to our raw materials.

    GXY has limited its future potential by processing in China and then
    aiming for the cheaper e-bike battery market rather than the
    higher valued western e-car battery market.

    Cheers
    moorookamack
 
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