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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

China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Lithium is typically shipped to China for conversion to lithium carbonate or lithium hydroxide.

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

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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

The global market for these magnets is expected to reach $20 billion a year within a couple of years, as the automobile industry shifts towards electric vehicles and as utilities turn increasingly to wind turbines to meet growing demand. Do you recall any conversation with John at that meeting? What do you recall, Sagawa-san?