Running discussion on SP, page-42085

Resources and energy quarterly is out.

Avz rates a mention on pages 151-152

https://publications.industry.gov.au/publications/resourcesandenergyquarterlymarch2021/index.html

In Africa, ASX listed AVZ Minerals is undertaking offtake agreements with Gangfeng as well as financing discussions for the project, situated in the Democratic Republic of Congo. Yibin Tianqi currently holds about 8% of the company’s stock. Production is initially projected at 700,000 tonnes peryear of spodumene concentrate followed by lithium sulphate production.

Prices
Lithium market evolves with lithium hydroxide LME debut in 2021 Spot lithium hydroxide prices (delivered to China) rose by 43% to US$10,041 a tonne for the 3 months to end of February, to be 29% higheryear-on-year. This compared with a price rise of 15% into Europe (to US$9,250 a tonne delivered) for the same period and an 8% decline year-on-year. Lithium hydroxide may commence trading on the London Metals Exchange (LME) on 14 June 2021, subject to regulatory approvals. This would be the first openly traded lithium commodity on an exchange. However, market liquidity may take some time to become established. Spot spodumene prices (delivered to China) rose by 13% to US$445 a tonne over the three months to February, but declined 9.2% year-on-year. Spodumene prices are expected to increase in 2021 and 2022, driven by ‘green’ government stimulus packages and rising EV production.