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The AVZ Minerals (ASX:AVZ) share price jumped 18% to a 52-week high today

Sumary of The AVZ Minerals (ASX:AVZ) share price jumped 18% to a 52-week high today:

  • While the company will not benefit directly from these high prices as it is still a long way from production at the Manono Lithium and Tin Project, the favourable market conditions increase the likelihood that its operation is actually constructed…
  • Last week the company secured a second strategic, long-term offtake partner with Shenzhen Chengxin Lithium Group (Chengxin)…
  • Chengxin is a leading China-based battery materials producer that is aiming to become one of the largest lithium hydroxide producers in the country…
  • According to the release, the binding offtake agreement is for the supply of up to 180,000 tonnes per annum of SC6 for an initial three-year term….

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