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112 sats \ 1 reply \ @DarthCoin 10 Sep 2023
aaaand americans will do.... Duck and cover
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0 sats \ 0 replies \ @nemo 10 Sep 2023
deleted by author
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11 sats \ 3 replies \ @grayruby 10 Sep 2023
Haha I just saw a post on LinkedIn the other day of some guy arguing with a Bitcoiner that Lithium is a better investment than Bitcoin.
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11 sats \ 2 replies \ @faradayfedora 10 Sep 2023
Might be a good investment to increase wealth, but not store it long term.
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21 sats \ 1 reply \ @k00b OP 10 Sep 2023
I wonder how many people you have to trust to invest in a mineral generically
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21 sats \ 0 replies \ @grayruby 10 Sep 2023
Very tough business. My best friend is CFO of a small cap EV battery materials company. He can't tell me a lot because they are a public company but apparently it's a pain in the ass business.
Probably your best bet if you wanted to get exposure would be to buy an etf if you don't have some level of expertise in the industry.
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11 sats \ 6 replies \ @faradayfedora 10 Sep 2023
Bye bye Chinese battery market monopoly?
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1 sat \ 3 replies \ @k00b OP 10 Sep 2023
Perhaps! I always thought most of it was in Africa
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11 sats \ 0 replies \ @faradayfedora 10 Sep 2023
In region yes but I think a hefty chunk of that is funded by CCP capital.
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21 sats \ 0 replies \ @grayruby 10 Sep 2023
That's cobalt and that's where the majority of the mineral is mined. Australia is actually the predominant source for lithium mining. China is by far and away the predominant source of lithium ion battery manufacture. I think around 75% of global supply. Sourcing the mineral closer to US would be a boon to western manufacture.
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0 sats \ 0 replies \ @DarthCoin 10 Sep 2023
Chile and Bolivia have the biggest reserve of lithium in the world.
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0 sats \ 0 replies \ @faithandcredit 10 Sep 2023
China may end up developing the resources in USA
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0 sats \ 0 replies \ @btcthinker 10 Sep 2023
cost/processing/pollution
I guess something always has to be sacrificed and lithium doesn't grow out of the ground into a finished product.
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10 sats \ 0 replies \ @BlokchainB 10 Sep 2023
Good luck getting a permit to mine it
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50 sats \ 0 replies \ @siggy47 10 Sep 2023
Once the EPA gets involved the deposit might as well not have been discovered.
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0 sats \ 0 replies \ @huluvublue 11 Sep 2023
Ah so that's why Afghanistan was abandoned
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0 sats \ 0 replies \ @newnym 10 Sep 2023
I think I need glasses. I first read "Lightning discovery in US volcano" hehe
Thought for a moment that LN development was really going crazy :)
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