Hedge fund research firm Boatman Capital says Australian miner AVZ will likely lose control of the valuable Manono lithium project in Africa to a coordinated web of Chinese interests.
On May 20, Boatman released its analysis of the troubled Manono Lithium and Tin Project in the south of the Democratic Republic of Congo—estimated to contain 16.3 million tonnes of lithium carbonate, a key ingredient for electric vehicle batteries.