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Economics Discuss Chinese Cornering Lithium Market at the Political Forums; Thought they had rare earth metals of their own... China is winning electric cars 'arms race' November 20, 2017: China ...

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Old 11-20-2017, 09:33 PM
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Angry Chinese Cornering Lithium Market

Thought they had rare earth metals of their own...

China is winning electric cars 'arms race'
November 20, 2017: China is outmaneuvering the U.S. and other countries in the global scramble for a vital element for electric cars.
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As demand for the vehicles surges, Chinese companies have been doing deals around the world to secure supplies of lithium, a silvery-white metal mined from rocks in Australia and brine pools in South America. China is the top market for electric and hybrid cars, accounting for roughly half of global sales, and the government is pushing the development of the industry within its borders. That calls for a lot of lithium, a key component of the vehicles' batteries. "Whoever controls the lithium supply chain will control the future of the electric vehicle space," said Simon Moores, managing director at research and data provider Benchmark Mineral Intelligence. "There's a global battery arms race."

China has limited lithium resources of its own, so it's looking abroad. In September, Chinese automaker Great Wall Motor (GWLLF) bought a stake in Pilbara Minerals (PILBF), an Australian lithium miner. Earlier this year, China's Ganfeng Lithium snapped up 20% of an Argentine project. Last year, China's Tianqi Lithium took a 2% stake in Chile's SQM (SQM), one of the world's top miners of the metal. The Chinese government has been quietly instructing state-owned enterprises to hunt down lithium resources outside China, according to Francois Perrin, a portfolio manager at investment firm East Capital. He predicts that over the next few years, China will wield increasing influence over the supply of lithium and other metals used in electric batteries.

Chinese Foreign Ministry spokesman Geng Shuang said he didn't have any specific information on the trend of Chinese investment in lithium supplies. "We always strive to deepen economic cooperation with all countries in all fields, including in energy and auto sectors," he said in response to a question from CNN. "I wouldn't find it surprising if there is Chinese cooperation with other countries in mining certain minerals." The Chinese firms involved in the recent deals didn't respond to requests for comment. Neither did the National Development and Reform Commission, which helps guide the country's economic policies.

Beijing has a track record of directing Chinese companies to do its bidding, such as squeezing South Korea's tourism industry earlier this year over a dispute with Seoul over a U.S. missile defense system. It also has history of using crucial natural resources under its control as diplomatic weapons: it was widely accused of restricting exports in 2010 of a group of minerals that are vital for many high-tech devices. The pursuit of lithium for electric cars fits with Chinese President Xi Jinping's plans, according to analysts. "China's aggressive moves in the lithium sector speak to the country taking leadership around important issues such as public health and fighting climate change," said Chris Berry, founder of research firm House Mountain Partners. China wants to be a global leader in lithium, from mining the metal to processing it, he said.

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Old 11-20-2017, 09:48 PM
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Default Re: Chinese Cornering Lithium Market

all while trumpeteers curse solar and cry for coal
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Old 11-20-2017, 10:52 PM
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all while trumpeteers curse solar and cry for coal
I have no idea what solar and coal have to do with China buying up lithium.
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Old 11-20-2017, 11:22 PM
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I have no idea what solar and coal have to do with China buying up lithium.
I'm not surprised.
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Old 11-21-2017, 06:29 AM
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Default Re: Chinese Cornering Lithium Market

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all while trumpeteers curse solar and cry for coal
If Bill Clinton had not rented out the Lincoln bed room in the White House to the Chinese, they would still be a 3rd world country about now. Clinton gave them the keys to our house, and they have been taking advantage of that for decades here. SO blame Democrats.

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Old 11-21-2017, 08:38 AM
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If Bill Clinton had not rented out the Lincoln bed room in the White House to the Chinese, they would still be a 3rd world country about now. Clinton gave them the keys to our house, and they have been taking advantage of that for decades here. SO blame Democrats.

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It seems that Democrats crap on the country and then blame the Republicans for all the woes that occur.
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Old 11-21-2017, 08:46 AM
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Default Re: Chinese Cornering Lithium Market

I think some has posted a thread some where here about how "China makes Business around the world, America makes wars"
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Old 11-21-2017, 05:09 PM
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Default Re: Chinese Cornering Lithium Market

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Originally Posted by 300 H and H View Post
If Bill Clinton had not rented out the Lincoln bed room in the White House to the Chinese, they would still be a 3rd world country about now. Clinton gave them the keys to our house, and they have been taking advantage of that for decades here. SO blame Democrats.

Regards, Kirk
nixon opened china
reagan opened the pacific rim
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Old 11-21-2017, 05:09 PM
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Default Re: Chinese Cornering Lithium Market

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I think some has posted a thread some where here about how "China makes Business around the world, America makes wars"
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