AVZ MINERALS LIMITED (ASX:AVZ) - Running discussion on SP, 75361422, page-83150 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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tolate

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25/08/24

11:36

Post #: 75361422
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Originally posted by tolate: ↑

China’s early move to tap new centers of lithium supply across Africa is reaping rewards, helping the top electric-vehicle battery producer navigate a tight market for the key metal.

Spurred by a flurry of investment from Chinese companies, mines across the continent are forecast to increase production of lithium raw materials more than 30-fold from last year’s volume by 2027, according to S&P Global Commodity Insights. Africa will account for 12% of global supply by then, compared with 1% in 2022.

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AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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