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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. —Nigel Ferguson, AVZ Managing Director.

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

While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.

Price 382
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The Magnet That Made the Modern World

Cars That Think

Up for grabs was a market potentially worth billions of dollars. 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. Masato, what do you remember?