Lithium salt production and sales are on the rise. China Mineral Resources is expected to make a net profit of 500 million to 560 million in 2021.

On the evening of January 14, China Mineral Resources (002738) disclosed its 2021 performance forecast that the company expects to achieve a net profit of 500 million to 560 million attributable to shareholders of listed companies in 2021, an increase of 186.92% 221.35% compared with the same period last year.

China Mineral Resources said that in 2021, the company's performance increased significantly compared with the same period last year, mainly due to:

1. The company actively promotes the development strategy of new materials in strategic emerging industries around the country, optimizes the product structure of the company's cesium salt business, continues to expand its application fields, and maintains a high level of downstream demand.

2. With the rapid development of the new energy industry and the rising prosperity of the lithium salt industry, the price of lithium salt products continues to rise, the production and marketing of the company's lithium salt business is good, and the profitability is improved.

3. The company's 25000-ton lithium salt production line was put into production in August 2021, and battery-grade lithium hydroxide products were formed and sold in the fourth quarter, which made a certain contribution to the company's annual performance.

The data show that the main business of China Mineral Resources is the development and utilization of rare light metals (lithium, cesium, rubidium) resources, solid mineral exploration technical services and mining rights development business. In terms of lithium resources, with the strong market demand for LiF, the company's production lines are full of sales, the company is currently carrying out technical transformation and expansion of the battery-level LiF production line, this year the company LiF will have a production capacity of 6000 tons / year, which will help the company to further expand its market share.

In addition, the production line project of China Mineral Resources with an annual output of 25000 tons of battery-grade lithium hydroxide and battery-grade lithium carbonate was completed and successfully ignited and put into trial operation on August 19th, 2021. Up to now, the production line has reached production capacity.