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AVZ signs binding SC6 offtake agreement with major Chinese lithium converter Yibin Tianyi, supplier to CATL

Green Car Congress

for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter.

Convert 448
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Benchmark: China dominates Li-ion battery supply chain

Green Car Congress

Lithium is typically shipped to China for conversion to lithium carbonate or lithium hydroxide. The vast majority of cobalt is mined in the Democratic Republic of Congo (DRC); three-quarters of this is then processed by China. Much of this is also sourced from Chinese-owned mines in the DRC.

Li-ion 293
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Benchhmark report: cobalt’s price rises highlight shift to battery-driven pricing dynamics

Green Car Congress

In addition, metal purchasing by the battery supply chain for conversion to cobalt chemicals in summer, linked to hydroxide tightness, supported prices and drew down inventories of those holding stock of the correct physical form of metal suited to conversion.

Price 382
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The Magnet That Made the Modern World

Cars That Think

During my early years at General Motors Research Labs , there was a war in Central African Zaire [now known as the Democratic Republic of the Congo], which is a big cobalt supplier. Do you recall any conversation with John at that meeting? And, of course, cobalt was very expensive. Did you get together and say anything to each other?