AVZ Minerals secures second agreement for spodumene

Drilling at Manono lithium project. Image: AVZ Minerals

Australia’s AVZ Minerals said on Tuesday it had entered a second agreement to sell spodumene to Shenzhen Chengxin Lithium Group.

AVZ said the second offtake agreement with the Chinese lithium products maker was for the supply of up to 180,000 tonnes of spodumene concentrate per year from it’s Manono Lithium and Tin project in the southern Democratic Republic of Congo.

On Monday, Shenzhen Chengxin had announced a three year deal to purchase 160,000 tonnes of spodumene per year from AVZ.

The second agreement takes the total offtake commitments for the Manono Project to more than 50% of initial saleable spodumene production, AVZ said.

(By Soumyajit Saha; Editing by Amy Caren Daniel)

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