Zangge Mining Sees Technological Innovations as New Growth Drivers, Optimistic About Lithium Chemical Supply-Demand Outlook

Zangge Mining: Technological Innovations Such as Solid-State Batteries Expected to Provide New Growth Drivers. On April 1, Zangge Mining Co., Ltd. released a record of investor relations activities, addressing investor inquiries. Regarding the current supply-demand pattern of lithium chemicals, Zangge Mining responded: Looking ahead to 2025, it is necessary to continuously monitor the exit of high-cost capacity on the supply side. On the demand side, the trend toward intelligent EVs and the promising ESS market, along with technological innovations such as solid-state batteries, AI, and embodied intelligence, are expected to provide new growth drivers. In the long term, we remain optimistic about the supply-demand pattern of lithium chemicals.

Regarding the company's sales strategy for lithium carbonate, Zangge Mining responded: The overall sales policy for lithium carbonate is to maximize production and sales, selling as it is produced. However, the company internally forecasts prices and may slow down the sales pace when selling prices are low. Discounts are determined based on market supply and demand conditions, with reference to futures market price trends and the Shanghai Nonferrous Metals Exchange Center's quotations.