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Comment by blueflow | Hacker News Reader

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blueflow·

> CNY per tonne

I somewhat expected USD but i'm not surprised. Times change.

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Over 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.)

Looks like that's because it's trading in Shanghai.

I 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.

China 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%.

Since 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.

Yes, 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.

I suppose this is a better arrangement than the current system, where they key figures know exactly where the money printer is at all times.

Poe's law strikes again.

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