AVZ (ASX) Ann: Yibin Tianyi Placement and Offtake Agreement Update

Originally posted by PASBOZ ↑

great post scarpa .
If Tianyi completes the staged expansion to 100,000 tpa by mid 2022 then AVZ can start up at between 2 mtpa-3 mtpa ore feed facility,at DMS only given its quality is so good.
no need for flotation is amazing .

AVZ’s visit to China was led by managing director Nigel Ferguson and project director Michael Hughes and included a visit to Yibin Tianyi’s lithium chemical plant, which is under construction and anticipated to begin production by June 2020.
Yibin Tianyi’s lithium chemical plant is targeting production of up to 25,000 tonnes of lithium hydroxide per annum.
Staged expansion plans are in place to further increase lithium hydroxide production to about 100,000 tonnes per annum, making Yibin Tianyi’s plant one of the largest hydroxide suppliers in China.

Tianqi WA plant, slow down and its debt problems will enable CATL to secure its lithium hydroxide from Tianyi at a very competive price

ALL IMO

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Continuing the investigation lithium hydroxide production and the slow down in the market .
How does this have positive impact in Tianyi advancing the 100,000 tonnes per annum.?
Slow down in Tianqi as mentioned in other post and also this.
What is noticeable is feed from Greenbushes and not the Wodgina mine ???
perhaps the conversion rate from Wodgina may prove to be below 60% , so how would it be profitable for Albemarle?
Pressure is mounting for high quality spodumene...
ALL IMO

MinRes reaps $US1.3 billion for stake in mothballed lithium mine

Brad ThompsonReporter
Nov 1, 2019 — 1.18pm

The future of one of Australia’s biggest lithium projects is under a cloud after it was mothballed on the same day US battery metals giant Albemarle finalised a deal to hand Chris Ellison-led Mineral Resources $US1.3 billion ($1.89 billion) for a controlling stake.

Albemarle and MinRes, now officially 60-40 joint venture partners, have put the Wodgina project into care and maintenance indefinitely in the latest sign of how the lithium bubble has burst in the 12 months since Albemarle first agreed to buy into the West Australian mine.

The shutdown was announced on Friday as MinRes completed a deal where Albemarle paid $US820 million ($1.19 billion) in cash for its stake in Wodgina and also handed over a 40 per cent stake in the first stage of its $US1.2 billion lithium hydroxide processing plant under construction at Kemerton, in WA’s south-west.

Albemarle is set to supply the Kemerton plant from the nearby Greenbushes mine it owns in partnership with China’s Tianqi.

It is now unclear if Wodgina, in WA’s Pilbara region and about 1800 kilometres north of Kemerton by road, will ever supply the hydroxide plant.
Albemarle said the Wodgina mine would remain idle until demand for spodumene warranted a re-start.