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Xi Jinping says China must be ‘self-sufficient’ in energy, food and minerals amid global challenges, page-87

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pikapika

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17/01/22

13:32

Post #: 58917565
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Originally posted by pikapika: ↑

China does not only have supply diversification needs and supply security needs, now President Xi tells us that China also has STRATEGIC needs for bauxite along with energy, grains and other minerals because resource shortages could turn into a ‘grey rhino’ risk for the world’s No 2 economy.

So what is China going to do with Minim Martap, a world class bauxite mine holding billion tonnes of the highest grade bauxite in the world? JV or TO? My speculation is TO. What about you?

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With China's supply diversification and supply security needs together with President Xi's recently announced strategic needs for bauxite, I will be extremely surprised if China let go of Minim Martap. Seriously, this could be her once in a lifetime opportunity.

I maintain my speculation that we will have a TO deal rather than a JV deal. DYOR.

CAY Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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