02068.HK, a rookie in the concept of lithium extraction from salt lake, continued to soar in early trading on Monday, after rising 67.25% on Friday. Hong Kong stocks rose as much as 29% to close at HK $3.40, with cumulative gains doubling in the past two days.
At the same time, Chinalco International (601068.SH), which is listed in A shares, is not to be outdone and has risen by the daily limit of Rmb5.04 for two consecutive days.
Chinalco International says it does not produce lithium only as a technical service provider
Chinalco International, an unknown company, has skyrocketed in recent days, and the market has included it in the concept of extracting lithium from salt lakes, believing that the supply of lithium salt shrinks in winter, but demand continues to rise and inventories are low, triggering competition for lithium supplies.
However, Chinalco International said it is a technology and services company that does not directly produce lithium materials.
According to public data, Chinalco International is a leading technology, engineering service and equipment provider in China's non-ferrous metals industry, providing comprehensive engineering solutions for all stages of the non-ferrous metals industry chain and other industries. at the same time, the main business includes engineering design and consulting, engineering and construction contracting, equipment manufacturing and trade.
Chinalco also told the media that the market misunderstood them because investors concluded that Chinalco was a manufacturer of lithium materials whenever they saw the words "extracting lithium from salt lakes".
Earlier, the company pointed out on the investor relations interactive platform that the salt lake lithium extraction technology provided by the company is the raw material for the production of lithium batteries. The company's salt lake lithium extraction technology is advanced, high degree of automation, stable product quality and low cost.
The company said that the salt lake lithium extraction technology is a smelting technology for extracting lithium metal from mineral salt, which adopts the world's advanced salt lake lithium extraction process of ion selective migration and synthesis of lithium carbonate. the company has the engineering and technical service capability of this technology in the leading industry, and the technology meets the requirements of laws and regulations such as national resources development and utilization, ecological environment protection, energy saving management, production safety and so on.
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