RE: EMH / SMS30 Sep 2020 23:05
Swings and roundabouts Lawrence...
Did you see this.. Ganfeng investing in a lithium battery recycling plant in Mexico, bodes well for BCN eh? I think you may regret selling out..
It looks like this may be close to Sonora..
China’s Ganfeng Lithium plans battery recycling plant in Mexico
https://www.ft.com/content/8739e8fb-2700-42b7-a407-461428124885
Hong Kong-listed Ganfeng, which has agreements to supply lithium to Tesla and South Korea’s LG Chem, has grown rapidly over the past decade into one of the world’s largest producers of lithium through acquisitions of assets in Australia and Argentina.
In May last year the company bought a stake in London-listed Bacanora, which is developing the Sonora lithium project in Mexico, the country’s largest lithium deposit. Mr Wang said the recycling plant could be near the mine, and both could supply the North American market with lithium for batteries.
Mr Wang warned against recent calls in Mexico to nationalise the country’s lithium assets.
Nationalisation may not be a good idea; there are many bad examples of nationalisation of resources,” Mr Wang said. “An example is Bolivia. There are big lithium resources there but for many years no project has been built because Bolivians don’t allow foreign companies to own mining properties. That’s a big hurdle for attracting investment.