RE: Sonora Reminder and Potential16 Jul 2022 19:09
@observer842, I would hope the huge investments in Argentina all from the private sector sets off alarm bells with A_L.O, his allies or so called seem to be mopping up the lithium opportunities without taking state control:
Seems there's a $1bn lined up,
15th March:
The Chinese giant considers that given the absence of a lithium industry in the country and the technical and metallurgical processing complexity of the deposit, they are the only ones that can provide the knowledge and technology necessary for the operation.
The Sonora project has so far cost 50 million dollars and the mining company plans to spend another 3,000 in the extraction and manufacture of batteries in the future.
Of that amount, around 1,000 million will arrive "in the next five years," they say.
Of course there's likely more on the table if the open invites from April is taken up.
And Bolivia looking for an ambitious 40% of global supply by 2030:
https://stockhead.com.au/resources/eye-on-lithium-bolivias-president-wants-to-produce-40pc-of-the-worlds-lithium-by-2030/
Arce needs foreign expertise and capital to achieve these targets, yet the government’s policies place strict rules on outside investment, including a requirement that every project be majority-owned by the state.
Ganfeng are not alone in Argentina:
HONG KONG, June 28, 2022 - (ACN Newswire) - On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.
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Ganfeng just might be the best partner of Mexico by a country mile,
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