Mount Qomolangma, Tibet, Salta, Argentina, 55000 tons of lithium carbonate project officially launched! [SMM Express]

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SMM: on December 22nd, local time in Argentina, the project to produce 55000 tons of lithium carbonate per year was officially launched in Angeles Lithium Salt Lake, Salta Province, Argentina.

The project dates back to November 16, when Mount Qomolangma in Tibet and the government of Salta Province of the Argentine Republic signed an "Investment Agreement", stipulating that Mount Qomolangma and its subordinate companies will invest about US $700 million in Argentina in 2022 to build an annual production capacity of 50,000 tons of lithium carbonate in Anheles Salt Lake in Salta Province. construction of the project is scheduled to start by the end of 2021 and is expected to be completed by the end of 2022.

Now, the project has been successfully launched, it is reported that the Angeles Salt Lake equivalent lithium carbonate resources reserves of 2.05 million tons, of which proven and controlled equivalent lithium carbonate resources reserves of 1.64 million tons. The salt lake project adopts the process of extracting lithium ion from brine by adsorption to prepare battery-grade lithium carbonate. The process has the characteristics of short process and simple operation, can achieve complete closed-loop production, mature technology, stable, safe and reliable production, stable product quality, and is suitable for the local situation in Argentina.

As we all know, recently, boosted by the high magnificent demeanor of new energy vehicles, mine shortage, epidemic interference and other factors, the prices of lithium battery-related raw materials have risen rapidly, and battery-grade lithium carbonate is one of the best.

According to the spot price of SMM, the price of domestic battery-grade lithium carbonate has risen rapidly. As of December 23, the average spot price has risen to 250000 yuan / ton, up 197000 yuan / ton from the beginning of the year, an increase of 371.7%.

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According to SMM research, some enterprises in Qinghai have stopped signing orders this week and are expected to start shipping in January with sporadic quotations. The acceleration of lithium carbonate prices is mainly due to the close to the end of the year, the high demand for upstream funds, the heavy mood of downstream stock and other factors. "View details

At present, lithium carbonate is still in a tight supply, and the battle for raw materials is still under way.