Cannot see Huayou doing a take over offer on its own or with processor / in the supply chain.
A secured long term off take agreement to purchase lithium hydroxide at a very discounted price by one or 2 of the majors in the supply chain would give Huayou and another miner the confidence to proceed with off take.
Another Chinese miner that they have had previous joint venture partnerships long term yes.
Not difficult to see who that is in DRC.
ML is definitely establishing potential partners for the off take agreements for the spodumene.
Just as a 3 way deal regarding VW / GLENCORE/ CATL happened to secure supplies for cobalt, am expecting the same to secure Manono.
AVZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
