Nice find.
Le Monde big readership in France
28/12/21
The country has a case: it has the largest untapped hard rock lithium reserves in the world. Only about ten kilometers of its subsoil has been studied out of the hundred which would be full of this ore. But, already, a reserve of 132 million tonnes proven and probable, that is to say exploitable in a profitable manner, has been discovered.
Beijing very interested
The site owned by AVZ Minerals since 2016 has an exploitable reserve of 132 million tonnes, which would put this mine in the top 5 worldwide. Something to whet appetites: the Chinese group Contemporary Amperex Technology Ltd (CATL),world leader in battery manufacturing, has decided to gain a foothold in Manono through a joint venture called Suzhou CATH Energy Technologies. It plans to invest $ 240 million for a 24% stake in the project and could spend up to $400 million in total.
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