Lithium Americas Corp (LAAC)

[overlordpeter]

MY Thoughts on POSCO and Western Lithium

POSCO is looking for more more resources they understand the future paradigm shift taking place in the global world in Electric cars storage and clean energy.POSCO is Large company with smart businessmen there going to secure multiple options with minimum risk.

The HOA, which is non-binding and non-exclusive, defined the basic conditions that would apply to a
joint venture to develop a portion of the Cauchari-Olaroz lithium brine deposit. The Joint Venture would expect to
commence production in early 2017 and ramp up to 20,000 tons by late 2017 or early 2018. Mutual due diligence has
commenced, and the Company and POSCO remain in discussions aimed at completion of a commercial agreement.

"The company has mobilized more resources to secure lithium, nickel and other key materials for next-generation, high-tech industries, as well as to enhance its clean energy business," the spokeswoman said

Western Lithium might make a deal with POSCO its not needed to become a world dominant lithium suppler it could be helpful but its not the only option for western lithium and there is not any real skin in the game other maybe some technology and funding witch i am not sure has even happened.

Nevada is still in play. and might even be the epicenter of the lithium BOOM.

Electric car war sends lithium prices sky high

That’s why Goldman Sachs calls lithium the “new gasoline”. It’s also why The Economist calls it “the world’s hottest commodity”, and talks about a “global scramble to secure supplies of lithium by the world’s largest battery producers, and by end-users such as carmakers.”

In fact, as the Economist notes, the price of 99%-pure lithium carbonate imported to China more than doubled in the two months to the end of December—putting it at a whopping $13,000 per ton.

But what you might not know is that this playing field is fast becoming a battlefield that has huge names such as Apple, Google and start-up Faraday Future throwing down for electric car market share and even reportedly gaming to see who can steal the best engineers.

I would still give the advice to anyone do your research. risk only what you can afford to ,always a back up plan. Life is short and nothing matters when your dead you can,t watch stocks or dream of riches.Wake up every day with your tired sore old bones and say to the guy in the mirror
your still here lol.