I don’t think it’s quite right to say Australia can’t compete on...

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28 Posts.

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18/05/24

04:01

Post #: 73888850
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Originally posted by Borrisbb: ↑

I think we all agree that Australia can’t compete in wages . Basically with anywhere in the world . However when we have the raw product here , it gives us a bit more chance to value add , saving on shipping and ESG . I agree that this Labor government has spent more time trying to look like they are doing something , rather than actually doing much but if we are to cease being “ the worlds quarry “ now is probably the time . At least it a better way to spend the money than in Victoria where the even worse government has presided over a 16 billion dollar overrun for a short section of road . The 26 billion ( and I bet it will end up 30 by completion ) would have paid for a load of public transport and heaps of social housing but then they wouldn’t have gained the votes they did by scrapping the East West link !! Oh yeh that broken contract was a billion lost and the bungled com games disaster , another Billion . Absolute clowns

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I don’t think it’s quite right to say Australia can’t compete on wages. Yes our wages are a bit higher than Korea and China. But a recent McKinsey study into Australia’s lithium supply chain analysed the cost of various lithium sources and refining/conversion supply chains across the key lithium geographies. The clear result was that Australia does have indeed have a unique cost advantage over all other countries to produce battery grade product. I have to dig out the study and post it here.

The point being that LTR presents arguably the western world’s best source around which to build downstream components here in Australia.

LTR Price at posting: $1.50 Sentiment: Buy Disclosure: Held
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