Mark, what you're describing is a protection racket.
Reposted from
Mark Cuban
Got to say I LOVE the Trump Administration negotiating to get Rare Minerals from Ukraine, for 2 reasons:
1. It reduces our dependence on China for Lithium and Graphite (China provides near 70% of world supply)
2. More than 50% of those minerals are in Russian Annexed land.
1. It reduces our dependence on China for Lithium and Graphite (China provides near 70% of world supply)
2. More than 50% of those minerals are in Russian Annexed land.
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China has a leg up in refining because the state subsidizes and protects it. It's cheapest in China.
Ukranian lithium would be refined in China.
But you only address refining by refining.