Has your Hong Kong taxi driver highlighted the potential danger of USA offering substantial funds to DRC to secure Manono.
Trade war talks late May and now Huayou Cobalt on amicable terms with AVZ.??
Maybe DRC president visit to USA opened the doors for negotiations.
Long article but if China wants to maintain its grip on the EV supply chain especially lithium needs to control Manono due to its quality and size.
https://www.ft.com/content/455fe41c-7185-11e9-bf5c-6eeb837566c5This week Ganfeng said it would buy a 30 per cent stake in London-listed Bacanora Minerals, which is developing a lithium project in northern Mexico. Ganfeng agreed a 10-year supply deal with VW last month. The carmaker aims to launch more than 70 electric car models over the next 10 years — a target of 22m electric vehicles by 2028. “
Lithium will in the near future be one of the most sought-after raw materials on earth,” VW said. https://www.eenews.net/stories/1060299813'Barely even in the game'Benchmark says about 1.7 terawatt-hours' worth of battery factory projects are in the development pipeline — or roughly the equivalent of 24 million to 26 million EVs, depending on the battery pack.
"We are in the midst of a global battery arms race in which the U.S. is presently a bystander," Moores told lawmakers in February (
E&E Daily, Feb. 6).
Most of the world's lithium comes from a region in South America crisscrossed by massive salt flats. About 1% of the world's raw lithium comes from the United States. North America's only active lithium operation is the Silver Peak mine in Nevada, although the
Los Angeles Timesreported this week about a battle brewing over a second one in Death Valley.
"Despite significant domestic resources, we're barely even in the game," said National Mining Association President and CEO Hal Quinn.
https://www.reuters.com/article/us-...-vehicle-supply-chain-dominance-idUSKCN1S81EOALL IMO
