cruiser51
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Talking about Mineral Resources:Where was the US , when AVZ were putting out the " feelers " for offtake ?
I weas banging on about it for the longest time at HC.........AVZ needed diversity to avoid potential chinese collusion via the order of President Winnie the poo.......
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Currently, China operates 15 of the 19 cobalt producing mines in the DRC, which has created dominance for the Chinese Communist Party over global critical mineral supply chains which directly harms U.S. strategic interests
Make no mistake, China want to dominate lithium supply too via Manono............the US only has themselves to blame for the predicament above.
Albermarle now getting desperate, tried a TO for LTR..................failed.
Albermarle now negotiating a JV with MIN.
Why didnt Albermarle seek a offtake with AVZ ?
Not to worry Albermarle, there is another option you can look at.............PARADOX , Utah.....( monster in waiting )
BTW folks, what do you reckon the net worth is for Winnie the Poo ?
$1.2B...........
Thats a farken tonne of brown paper bags............and China is a communist country ...
One rule for him and different rules for his people, no wonder the POO extended his tenure of regime against the doctrine.
MinRes pulls plug on lithium megadeal
Chris Ellison’s Mineral Resources is eyeing sites in South-East Asia for a lithium processing plant after pulling out of a billion-dollar deal in which it would have acquired a stake in Chinese downstream assets owned by battery chemicals giant Albemarle.
MinRes is also selling its stake in Albemarle’s Kemerton lithium hydroxide plant in Western Australia’s southwest as Mr Ellison moves to try to fund and build his own downstream processing plant, and ramps up pressure on the federal and WA governments to subsidise an investment onshore.
MinRes lithium chief executive Josh Thurlow said the Perth-headquartered company had unlocked capital in a move that opened the door to investing in its own integrated lithium hydroxide assets onshore or overseas.