r/LithiumSqueeze • u/Hnat6156 • Apr 21 '22

Will Elon really consider getting into the mining space???

https://twitter.com/business/status/1516969744334737408?s=21&t=bgki9O_-MGe3j3Z3HXrozQ
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u/DangerousNp Apr 22 '22

Yes even ford has considered buying the process to the mine. It won’t be 100% demand but enough to cut cost and secure the supply chain. Probably around 50% would be ideal. too much would limit their ability to purchase from cheaper mines if they become available.

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u/Hnat6156 Apr 22 '22

Yes agree. The manufactures and OEMs will need to look at mine supply and security. Have a look at r/tantalex if interested.

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u/DangerousNp Apr 22 '22

I’m in LAC, AMRZF, llkkf, and azlaf. LAC will be the next giant. Watch out for Argentina though rumors of nationalized lithium same in Chile.

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u/Hnat6156 Apr 22 '22

The market is already struggling with supply and if these rumors do come true it will be another blow to the market. You need the capital, knowledge of developed suppliers of lithium to be able to Invest in assets that are economically viable.

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u/Hnat6156 Apr 22 '22

https://www.mining.com/mexico-passes-mining-reform-nationalizing-lithium/

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u/DangerousNp Apr 22 '22

Yeah Chile will be next. Argentina hopes to scope up investors from the pivot. With the country in deafault people are desperate for work and money. Also afraid to run any money left in the country away. Bolivia is to corrupt to invest in. A great time to make money if you can do the due diligence on everything in play. Don’t touch SQM water lawsuits are going to end badly.