this is the particular this is the largest mine in the world greenbushes and it's west australia the world's biggest hard rock lithium mine is being expanded to more than double. annual capacity callison lithium a joint venture between china's tanky lithium corporation and north carolina's album corp said in an e-mail the site first mined for tin from about eight hundred eighty eight already accounts for about thirty percent of global lithium production according to australian government tanky is also planning about five hundred seventy eight million dollars of processing plant expansion so china is controlling that right now they're doing the land grab while it can i think a lot of people in the in the west. you know you haven't really seen you know tesla is the most shorted company in america people have been mocking the notion that this will ever work in the meantime china spent expanding and betting big on this apparently but nobody seemed to know that until it's a bit too late now know of the elon musk classic american entrepreneur bucking the trend about being the naysayers loo

this is the particular this is the largest mine in the world greenbushes and it's west australia the world's biggest hard rock lithium mine is being expanded to more than double. annual capacity callison lithium a joint venture between china's tanky lithium corporation and north carolina's album corp said in an e-mail the site first mined for tin from about eight hundred eighty eight already accounts for about thirty percent of global lithium production according to australian government tanky is also planning about five hundred seventy eight million dollars of processing plant expansion so china is controlling that right now they're doing the land grab while it can i think a lot of people in the in the west. you know you haven't really seen you know tesla is the most shorted company in america people have the mocking the notion that this will ever work in the meantime china spent expanding and betting big on this apparently but nobody seemed to know that until it's a bit too late now know the ill on most classic american entrepreneur bucking the trend about being the naysayers it lo

just to give you a couple of examples, australia's largest lithium mind, greenbush, is here in westernlargest rocket lithium mind, looking to double its capacity in the coming years. it's chinese owners are working with tovar investments towards mine developed in there as well. it is important to keep a sense of context about all of this. iron or, for example, is still by far australia's biggest export earner it comes to commodities, worth about $86 billion a year. just $2.5 comparison, billion a year, so much smaller. but in terms of growth, it seems to be where all the buzz is right now. manus: paul, have a great time at the conference. great to have you with us this morning. all caps on, our reporter in western australia. tim graf is from states -- paul allen, our reporter in western australia. tim graf is still with us. i love the title of that conference, the old diggers and dealers. they just keep digging it out. iron ore, $87.12 this morning, back in the black. variety ofa whole benchmarks, but the futures are back in the black on the singapore exchange. up 7.3% this morning. re