4 ms·
> CNY per tonne I somewhat expected USD but i'm not surprised. Times change.
by blueflow 3y ago
> CNY per tonne
I somewhat expected USD but i'm not surprised. Times change.
- ToucanLoucan 3y agoI was going to comment about perhaps that's because so much of it is mined in China, but a quick google says China is a rather distant third behind Australia and Chile. The more you know.
- icegreentea2 3y agoChina is the leading lithium refiner. The price referenced (battery grade lithium carbonate) is an output of a refinery, not a mine. There are many different numbers thrown around for China's refining share, but they are all significant, typically all > 50%.
- mysterydip 3y agoLooks like that's because it's trading in Shanghai.
- cft 3y agoSince the end of the USD as the world reserve currency is imminent, the wisest thing US government can do is promote and favor Bitcoin. It's better to have a world reserve currency that no one controls, than CNY.
- ceejayoz 3y agoYes, let's run the world economy off a currency that could halve in value if Satoshi Nakamoto finds an old USB drive sitting around somewhere.
- barelyauser 3y agoI suppose this is a better arrangement than the current system, where they key figures know exactly where the money printer is at all times.
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- KptMarchewa 3y agoPoe's law strikes again.
- crazygringo 3y agoOver half of lithium is refined in China and then sold. Since those refining costs are in domestic CNY, it makes perfect sense that the commodities price will also be quoted in CNY. Nothing to do with "times changing", everything to do with country of production. (Most commodities aren't so tied to a single country, which is why they end up in USD.)
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