Electra Battery Materials Corp (ELBM)

[douginil]

MINING THE FUTURE How China is set to dominate the next Industrial Revolution

Thanks to Dr_Vonschellan on the Katanga Mining Limited (TSX:KAT) board Post 359

Read about the moves by China to dominate critical mineral resources including Niobium, Vanadium, RREs, Niobium, Cobalt, Graphite, Lithium. Scandium is not mentioned but they have a major position/interest in CleanTeq one of the NI, Co, Sc mines that is trying to get going in Australia. They claim to have one of the largest Ni & Co deposits outside of DRC. China owns 12.4% (Pengxin International), Robert Freidland owns 12.9%. MCC (Metallurgical Corp of China) has a Fixed Price EPC contract covering engineering, procurement and on-site construction for process plant scope. IMO this plant will be built (assuming permits are obtained), there will never be any money problems. I suspect that all of the Sc from that company will never see daylight outside of China, probable the Co and maybe the Ni too.

China is way ahead of the "free" or western world in securing these resources.

VERY SCARY

Read more at:
https://foreignpolicymag.files.wordpress.com/2019/04/mining-the-future-fp-may-2019-1.pdf