InvestorsHub Logo
Followers 3156
Posts 961411
Boards Moderated 204
Alias Born 09/04/2000

Re: NYBob post# 3763

Friday, 11/04/2022 7:44:12 PM

Friday, November 04, 2022 7:44:12 PM

Post# of 3771
China Could Disrupt the World’s Economic Future
China’s dominance over the lithium industry is well-documented.

The Chinese Communist Party (CCP) has spent more than $60 billion in less than 10 years to construct a world-class refinery network.

Once that lithium is mined and refined, it moves on to the next phase in the process. Guess who controls nearly 100% of this critical step?

That’s right, China wins again. The country’s manufacturing prowess allows for dirt-cheap construction of cathode and anode materials — equally as important as their lithium counterpart.

Benchmark Mineral Intelligence reports that China accounts for more than 80% of the planet’s battery cathode manufacturing, 30% of its nickel refining capacity, and 75% of its cobalt refining capacity.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.