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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by horace5on Mar 26, 2022 2:58am
256 Views
Post# 34547738

China has outflanked the U.S. in global battery chess game

China has outflanked the U.S. in global battery chess game

March 25, 2022


“Contemporary Amperex Technology [CATL], the world's biggest manufacturer of electric-vehicle batteries, is scouting sites for a new $5 billion battery plant in North America. It's considering locations in Mexico, Canada, and the U.S. for an 80 gigawatt-hour plant that would supply Tesla as well as other EV makers, according to people familiar with the project.


The conventional wisdom is that China, with its state-led economic planning, has outflanked the U.S. in a global chess game that has put the latter's economic, energy and national security at risk. CATL, which has risen rapidly to become the global battery leader with the help of state backing, is the poster child for that strategy.”


“Jim Greenberger, the executive director of NAATBatt International … said he has no objection to a CATL plant in North America, so long as the company brings battery manufacturing technology and know-how to the U.S., not just low-wage assembly jobs. The U.S. should mimic China's joint ventures with western businesses.


‘The principle would be largely the same: we'll give you market access, and in exchange, you have to transfer tech to us and our people,’ he said. ‘That plants the seeds for future economic development that could be quite valuable.’ Battery cell design, manufacturing equipment, and factory operations all are areas where, as Greenberger sees it, the U.S. could use some tutoring.”


https://www.stripes.com/theaters/asia_pacific/2022-03-25/china-electric-car-battery-champion-mostly-welcome-united-states-5477711.html

 

 
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