Aussie Firm Likely to Lose Major Lithium Mine to Web of Chinese Interests: Advisory

Aussie Firm Likely to Lose Major Lithium Mine to Web of Chinese Interests: Advisory
Artisanal miners collect gravel from the Lukushi river searching for cassiterite in Manono in the Democratic Republic of Congo on Feb. 17, 2022. Junior Kannah/AFP via Getty Images
Daniel Y. Teng
Updated:

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.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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