Huayou does all their cobalt processing 30,000+ tons per annum. AVZ being connected to Huayou with Huayou clearly stating at their processing facilities they want to be the biggest battery materials manufacturer on the planet.
BNBT & BTR are direct competitors to Huayou and currently #2 battery materials maker in China.
Shanshan is currently #1 and also direct competitor to Huayou.
IMO Huayou's goal is to secure AVZ. This fulfills their lithium requirement and gets them to where their sign states the obvious.
Huayou does all their cobalt processing 30,000+ tons per annum....
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