...and that's China, Indonesia and Malaysia.
...why it is important to be a low cost jurisdiction for the production of widely used critical minerals.
...it needs to be produced cheaply.
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Between now & 2030, as much as 75% of supply growth for refined lithium, nickel, cobalt & rare earths could come from today’s top 3 producers
Greater diversity of critical mineral production & refining is key to ensure more secure & resilient supplies
https://x.com/IEA/status/1792491717339267123
...time we re-visit David Ricardo's comparative cost advantage theory.
The Comparative Cost Advantage Theory of Trade by David Ricardo
It states that a country has a comparative advantage if it can produce a good at a lower opportunity cost than another country12. The theory assumes that the costs remain constant for producing any number of goods3.
