By backing AVZ Minerals Limited, CATH is choosing “a legally messy but Western-aligned junior”over“a politically powerful Chinese miner in a contested jurisdiction." Against the backdrop of the DRC/USA critical minerals framework, CATH is betting against the old Chinese playbook, despite being Chinese-owned themselves. They want the mine operational regardless, backing in AVZ as a Western-aligned partner, and now have financial security.
Very, very interesting. Would love to hear the strategic conversations that CATH have been having behind closed doors. Would be a great TV show.
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