China Isn’t Going Bust…It’s Going after White Gold
In 2023 though, things have changed…Thanks to a huge surge in demand in the first half of the year, lithium is now second only to iron ore. $11.7 billion was spent on this ‘white gold’ between January and June by Chinese buyers. And to put this surge in perspective, you need to realise that just two years ago, this figure was only $470 million. In other words, in the span of roughly 24 months, China has increased its spending on lithium by 25 times what it used to.Talk about a pivot in demand.Here’s the kicker though, it’s not just Aussie lithium that China is buying. They’re trying to corner the entire market!
https://www.moneymorning.com.au/20230831/china-isnt-going-bust-its-going-after-white-gold.html
Good News & Bad News, page-32694
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