SMM July 21: in 2021, the lithium industry will take off at the right time! Driven by policies and global electric trends, the new energy industry, such as Japan, has driven the whole industry chain into a stage of vigorous development. Lithium resources, as one of the most important basic raw materials for new energy vehicles, experienced a rise in prices in short supply at the end of 2020 and stabilized in the second quarter of 2021. The supply of lithium resources has become an important consideration for the development of new energy in the future. How will the customer base in the industrial chain, such as precursors, materials, batteries, automobiles and other downstream enterprises and upstream nickel-cobalt-lithium raw material production enterprises balance the expansion increment and raw material supply? Therefore, we have integrated the upstream and downstream enterprises located in the lithium power industry chain to carry out SMM to ride the wind and waves of "lithium power ten thousand miles".

In the just-concluded Hunan delegation, SMM and lithium downstream navigation companies have gained a lot! Next, we will continue to visit Sky Mirror Qinghai, the fourth stop of the "SMM Lithium Power Walk through the Wind and waves" delegation, to conduct an on-the-spot investigation with industry leaders on the production of raw materials enterprises in China's lithium power industry, in order to seek more accurate and in-depth cooperation and create more effective and sustainable exchanges.

From July 19 to 23, Wang Tian, director of SMM New Energy Division, and Yu Lei, marketing consultant, led SMM staff and members of the delegation to visit the production of raw materials enterprises in the lithium power industry in Qinghai to seek more accurate and in-depth cooperation opportunities. The delegation is strongly sponsored by Jiangxi Longnte Environmental Protection equipment Co., Ltd., Bintel Control equipment Co., Ltd., Hangzhou Shangtuo Environmental Technology Co., Ltd., Xiangtan Huibo centrifuge Co., Ltd., and Zhejiang Dongou filter Manufacturing Co., Ltd. On the morning of July 20th, SMM and the delegation came to the second stop, Qinghai Dongtai Jinel Lithium Resources Co., Ltd.

Enterprise voice

Today, SMM and members of the delegation came to Qinghai Dongtai Jinel Lithium Resources Co., Ltd. Executive Vice President Yang Jinsheng and Deputy General Manager Liu Guowang gave a warm reception to SMM and his party. First of all, Qinghai Dongtai Jinel Lithium Resources Co., Ltd. introduced the business development of the company in detail.

Qinghai Dongtai Jinel Lithium Resources Co., Ltd. was established on June 26, 2015 in accordance with the requirements of the Qinghai provincial government on the spirit of resource integration. It is a pilot enterprise for the reform of mixed ownership in Qinghai, with a registered capital of 840 million yuan. The shareholders of the company are Qinghai Taifeng Lithium Energy Technology Co., Ltd. (49.5%), Western Mining Group Co., Ltd. (27%), Qinghai Lianyu Potash Fertilizer Co., Ltd. (20.34%), Qinghai CITIC Guoan Technology Development Co., Ltd. (2.16%). Qinghai State-owned assets Investment Management Co., Ltd. (1%). The company is also the controlling shareholder of Qinghai Lithium Industry Co., Ltd.

As of December 1, 2020, there are 246 employees, including 211 men, 35 women, 5 senior managers and 22 middle managers; there are 1 graduate degree, 30 bachelor's degree, 67 college degree and 10 members of the Communist Party of China.

Visit the factory

Subsequently, SMM and members of the delegation visited the factory of Qinghai Dongtai Jinel Lithium Resources Co., Ltd., to gain an in-depth understanding of the production process and product quality of the company's lithium carbonate and other products.

Qinghai Dongtai Jinel Lithium Resources Co., Ltd. is the only developer of Qinghai Dongtai Jinel Salt Lake Mineral Resources Co., Ltd. on November 15, 2018, it obtained the mining license of Geermu Dongtai Jinel Salt Lake issued by the Provincial Land Department.

exchange of technical know-how

Representatives of SMM and lithium downstream enterprises had in-depth exchanges on the core competitiveness and future development planning of Qinghai Dongtai Jinel Lithium Resources Co., Ltd.

In the exchange session, with regard to the question of "how to calculate the company's salt lake lithium reserves", Qinghai Dongtai Jinel Lithium Resources Co., Ltd. replied that it was mainly calculated according to the depth of groundwater and measuring the lithium content in the liquid, but in view of the fact that the underground is also rich in solid lithium ore resources, the actual reserves are far larger than those currently measured.

In response to the question of "the company has its own raw material factory, how much raw materials are self-supplied and how many are sold out", Qinghai Dongtai Jinel Lithium Resources Co., Ltd. admitted that the company basically did not sell it this year. The company's current lithium carbonate inventory is prepared for the future 160000 tons of lithium iron phosphate and is not sold to the outside world.

Finally, on the question of "how much investment does the company need to build 10, 000 tons of lithium carbonate capacity", Qinghai Dongtai Jinel Lithium Resources Co., Ltd. replied that it needs about 590 million yuan, including power distribution facilities, hydropower facilities, and input pipes from Yantian to transport brine to the workshop, which is nearly 9 kilometers. In addition, the company's investment in salt field construction is also high.

Take a group photo as a souvenir

After visiting the factory, representatives of SMM and lithium downstream enterprises took a group photo with Qinghai Dongtai Jinel Lithium Resources Co., Ltd., to increase the deeper cooperation and friendship between them. I believe there will be deeper exchanges and cooperation in the future!

After this visit and research, SMM and representatives of downstream lithium enterprises have a deeper understanding of the products, technology and company development of Qinghai Dongtai Jinel Lithium Resources Co., Ltd. at the same time, they have a deeper understanding of the market situation, development trend and existing problems of the lithium industry, and will continue to deepen cooperation with major enterprises to achieve complementary advantages and jointly promote the development of China's lithium industry.