AVZ Minerals Ltd (ASX:AVZ) has received a positive technical opinion from the Department of Mines, indicating it could be close to a favourable decision on.
AVZ signs binding SC6 offtake agreement with major Chinese lithium converter Yibin Tianyi, supplier to CATL
Australia-based AVZ Minerals Limited has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry Co., Ltd. for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). Spodumene a lithium mineral derived from pegmatite rock is known for its high lithium content.
Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker.