A Chinese lithium miner has completed its purchase of a stake in Perth-based rare earth miner AVZ Minerals, this is despite an earlier attempt by the federal government to block the sale.
In an announcement on May 14, AVZ confirmed Yibin Tianyi Lithium Industry Co finalised its $10.7 million (US$6.89 million) placement, after clearing the final hurdle, which was to receive approval from Chinese authorities.
