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Economy

peppertree

(22,850 posts)

14. You're right: they're cornering (or at least, getting a leg up) on their lithium supply

Reply to Irish_Dem (Reply #13)

Sat Feb 18, 2023, 04:55 PM

Feb 2023

But there again: they wouldn't be able to, if it weren't that U.S. firms show so little initiative (French and Australian firms are already big players in Arg. lithium, besides the Chinese).

It seems that all our bloated-tick CEOs care about anymore, are stock buybacks.

And buying politicians. Always that.

Doesn't leave too much for productive investments though.

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China's Chery announces $400 million electric auto plant in Argentina [View all] peppertree Feb 2023 OP

China has been sinking huge amounts of money into Africa and South America for a reason. Irish_Dem Feb 2023 #1

There's the 'soft power' angle, yes - but also the fact that US & European firms tend to ignore them peppertree Feb 2023 #2

Russia and China are carving up the world behind the scenes. Irish_Dem Feb 2023 #3

Whatever influence Russia had, they frittered away peppertree Feb 2023 #4

Time will tell how this all plays out. Irish_Dem Feb 2023 #5

Absolutely. peppertree Feb 2023 #6

As long as Argentina understands there are strings attached. Irish_Dem Feb 2023 #7

Possibly - but nothing NEARLY as stringy as the loan Trump forced the IMF to give Argentina in 2018 peppertree Feb 2023 #8

It's all the same point I am making Irish_Dem Feb 2023 #9

You're saying Trump deliberately pushed Argentina into a corner, so they'd have to rely on China? peppertree Feb 2023 #10

I am going to shed a bit more light, my friend. Irish_Dem Feb 2023 #11

Thanks for the compliment! peppertree Feb 2023 #12

Trust me. There is something China wants from Argentina. Irish_Dem Feb 2023 #13

You're right: they're cornering (or at least, getting a leg up) on their lithium supply peppertree Feb 2023 #14

Either short sighted or by design. Irish_Dem Feb 2023 #15

Yeah - money talks. And often to the exclusion of other considerations. peppertree Feb 2023 #16

Delighted to interact with you! Irish_Dem Feb 2023 #17