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Originally posted by Goldilocks:
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Yes, you have been a strong advocate for this. China Inc. must be having a laugh at our expense. One day we’ll wake up and our mines will be depleted. With no value add happening downstream, how will the government make money to pay for our health, education and pensions when our mines are depleted? Companies controlled by China are digging and shipping at full stream, effectively robbing Australia of its lithium resources. Other companies not controlled by China, like LTR, are trying to keep the lights on. It seems beyond individual companies to work together to achieve a fair price. We need strong leadership at the government level to stop this rot. If they stockpiled at $1200/ tonne, they would be able to on sell higher later on. They just need some foresight and willingness to invest in Australia. There could be billions generated by the government on behalf of Australian citizens. Imagine if some of this money was then put back into developing out more parts of the supply chain in Australia. I don’t want my kids families growing up in a banana republic with a lower standard of living.
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Thanks @Goldilocks - post of the month!!!
Last edited by
jlgread :
Yesterday, 12:01
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