The Hard Truth: China profits the most from the Climate Scam. Lithium Reserves controlled by the CCP

Tianqi Lithium Corporation,

Formerly known as Sichuan Tianqi Lithium Industries Inc., is headquartered in Chengdu, Sichuan, China. It is listed on both the Shenzhen Stock Exchange (SZSE: 002466) and the Hong Kong Stock Exchange (SEHK: Ganfeng Lithium Co., Ltd).

Market Position:

As of the latest updates, Tianqi Lithium is among the world's top lithium producers, with substantial investments in lithium mining and processing. It controls significant lithium resources through its operations and partnerships.

Key Assets:

Greenbushes Mine, Australia: Tianqi holds a 51% stake in Talison Lithium, which operates the Greenbushes mine, one of the largest and highest-grade lithium mines globally. This mine supplies much of the world's lithium concentrate.

Kwinana Lithium Hydroxide Plant, Australia:

Tianqi has invested significantly in downstream processing with the construction of a lithium hydroxide plant in Kwinana, Western Australia. This facility is pivotal in meeting the growing demand for battery-grade lithium hydroxide for electric vehicle (EV) batteries and energy storage systems.

Apart from Australia, Tianqi has operations in Chile, where it has been involved in legal disputes over partnerships with Sociedad Química y Minera (SQM) and Codelco, reflecting the complex geopolitical landscape of lithium investments.

Ganfeng Lithium Co., Ltd

Ganfeng Lithium Co., Ltd. in Australia plays a significant role in the company's global lithium operations, focusing on both resource extraction and downstream processing. Here's an overview based on the latest information:

Investments and Projects:

Mount Marion Lithium Mine: Ganfeng has invested in the Mount Marion spodumene project in Western Australia through its investment in Reed Industrial Minerals (RIM). This mine is one of the key hard-rock lithium mines in the region, supplying lithium concentrate.

Partnerships: Leo Lithium and Goulamina Project:

Ganfeng has a strategic partnership with Leo Lithium to develop the Goulamina Lithium Project in Mali, but this collaboration extends to exploring opportunities in Australia as well. They have entered into agreements for potential investments in downstream conversion facilities, possibly in or near Australia, to produce lithium chemicals.

Downstream Activities:

Ganfeng has been considering or discussing the establishment of lithium conversion facilities in Australia to process spodumene into battery-grade lithium chemicals like lithium hydroxide, which is crucial for electric vehicle batteries and energy storage systems. This would complement the raw material supply from Australian mines.

Recent Developments: Investment in Leo Lithium:

In 2023, Ganfeng announced an investment of A$106.1 million into Leo Lithium to expedite the Goulamina project, which indirectly supports its Australian operations through the strategic partnership. Plans to study the expansion of total annual production capacity and the prospects of co-investing in a conversion facility are part of this collaboration.

Strategic Importance:

Australia is one of the largest producers of lithium ore, particularly spodumene, making it a pivotal region for Ganfeng's upstream resource strategy. The company aims to secure a stable supply of lithium raw materials to support its global operations, especially in meeting the demand from the electric vehicle (EV) industry.

Ganfeng has a market capitalization of around US$26 billion, showing significant growth in stock price following the success of its projects. Its stock performance has been noted to be recovering, especially after the announcement of large-scale projects in Argentina.

Conclusion

The dominance of Chinese companies like Tianqi Lithium Corporation and Ganfeng Lithium Co., Ltd. in Australia's lithium sector poses a grave threat to our national sovereignty and economic independence. These foreign entities control vital resources at the Greenbushes Mine and the Mount Marion Lithium Mine, respectively, siphoning off Australia's rich lithium deposits to fuel their own industries, particularly in the burgeoning electric vehicle market.

This situation is not just about economic transactions; it's a strategic misstep that could undermine Australia's autonomy. By allowing these companies to hold such significant stakes in our mineral wealth, we are essentially handing over control of critical raw materials necessary for future technologies to foreign powers. This dependency could be weaponized in geopolitical conflicts or economic disputes, where Australia would find itself at a distinct disadvantage.

Moreover, the establishment of processing plants like the Kwinana Lithium Hydroxide Plant by Tianqi further entrenches this foreign influence. Rather than fostering local industry and innovation, we are watching as the profits and technological advancements in lithium processing are exported back to China, leaving Australia with raw exports and little added value.

The partnership deals, such as those with Leo Lithium for the Goulamina Project, while seemingly beneficial for immediate gains, are a long-term strategic risk. They tie our resource development to the whims and stability of foreign investment and policy, which can be volatile and not always aligned with Australian interests.

It's time for Australia to critically reassess these foreign incursions into our natural resources. We must prioritize national policies that promote local ownership, processing, and innovation in the lithium sector. Only by doing so can we ensure that the benefits of our natural wealth remain within our borders, contributing to our economy, our technology, and our strategic interests. The current scenario is not just economically concerning but borders on negligence in safeguarding Australia's future.

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