Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration-stage company. The Company is engaged in the business of acquiring, exploring, and dealing in mineral properties in the province of British Columbia, Canada. The Company owns interests in more than thirty properties in the prolific Golden Triangle area of northwestern British Columbia. Its property portfolio includes Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property.

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Teuton Resources Corp > china shuts down 35 of 50 magnesium smelters

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Comment by highperon Oct 21, 2021 9:47am

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Post# 34031987

RE:RE:china shuts down 35 of 50 magnesium smelters

Today, approximately 85 percent of all magnesium production in the world happens in China. We should have never allowed ourselves to become so dependent on China because now we are facing a critical shortage of magnesium, and that could result in a nightmarish shortage of aluminum…

The source of the shortage is China’s monopoly on global magnesium production. Production curbs of energy-intensive smelters have reduced the industrial metal’s output, resulting in dwindling stockpiles in Europe and North America.

Barclays analyst Amos Fletcher told clients in a note that “there are no substitutes for magnesium in aluminum sheet and billet production.” He warned if “magnesium supply stops,” the entire auto industry will grind to a halt.

Oh.

That is bad.

What I first read that, I just sat there stunned for a moment.

Are things really that crazy already?

Yes, they are. In fact, we are being told that magnesium reserves in Europe will be completely exhausted “at the end of November 2021 at the latest”…

“It is expected that the current magnesium reserves in Germany and throughout Europe will be exhausted in a few weeks at the end of November 2021 at the latest,” the group said. “In the event of a supply bottleneck of this magnitude, there is a risk of massive production losses.”

Needless to say, it wouldn’t just be the auto industry that grinds to a halt.

Just think of how many food and beverage products come in aluminum cans.

I don’t know if I even have sufficient words to describe how serious this is..

https://www.shtfplan.com/headline-news/our-epic-supply-chain-crisis-just-hit-another-level-and-biden-is-considering-calling-in-the-national-guard-to-help