Comment on Lithium discovery in US volcano could be biggest deposit ever found

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kava@lemmy.world ⁨1⁩ ⁨year⁩ ago

If the mining company doesn’t make enough $$$ they won’t do it and will just go somewhere else that makes $$$. You cut out 50% profit and it makes it a pretty easy decision to avoid US mines and go to other countries.

Ultimately they are for profit businesses that will focus their investment on where they can make the most profit. It’s sort of like how franking for oil is only done once it reaches a certain price per barrel. Before a price point, it’s not profitable. After, it is.

50% profit reduction is a huge decrease. Would make virtually any other mine in the world more profitable.

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