To add to that too China and America are both fighting to secure their share of lithium and especially China aggressively buying over mines in the Lithium triangle and especially Argentina! They are desperate to get a monopoly on the market and have been paying crazy numbers to buy a mine take Neo Lithium for example developed by our current team, that sold for Canadian 900 million!
Let's see what grade and quality of lithium we have for a start. Yes short term prices have gone down alot but thats due to China controlling 90% of the current market in the short term. The long term trend is for a big deficit in lithium and something countries like China that have an insatiable demand for Lithium and will be importing a huge amount from mines they have bought over as they only have a minute 8% of it and low grade stuff too in country.
Do some research and see just how aggressively China has been buying up Lithium mines in the Lithium triangle and more specifically Argentina and that might give you and idea of how desperate they are to secure raw minerals for thier future economic security.
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