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AVZ Minerals secures Chinese backing for DRC lithium project

Australia’s AVZ Minerals (ASX: AVZ) has secured $240 million in funding from Chinese private firm Suzhou CATH Energy Technologies (CATH) to develop its Manono lithium-tin project in the Democratic Republic of Congo (DRC). The deal gives Suzhou CATH, jointly owned by Pei Zhenhua and Chinese battery giant CATL, a 24% holding in the Manono open-pit project, located in southern...