OTCPK:ALYI - Post by User
Post by
pogohereon May 16, 2019 12:05am
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Post# 29751000
China surges ahead in lithium production
China surges ahead in lithium production5-15-19 Recent breakthrough sharply reduces production cost
China has reportedly cracked the technical hurdle in mining and extracting lithium from its vast deposits of the soft, silvery-white metal, slashing the unit cost of mining and production to as low as 15,000 yuan (US$2,180) per tonne.
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The new process has further widened the fat markup enjoyed by Chinese suppliers, at a time when prices of lithium for export range from US$12,000 to US$20,000 per tonne. The new technique – already being adopted by several suppliers including state-owned Qinghai Lithium Industries – is expected to boost China’s annual output of lithium, and at the same time see a surge in electric car manufacturing. https://www.asiatimes.com/2019/05/article/china-surges-ahead-in-lithium-production/