CMOC Increases Lithium Resource Reserves at Bikita Lithium Mine in Zimbabwe

The Democratic Republic of the Congo (DRC), as the world's largest supplier of cobalt resources, accounted for over 70% of the global cobalt raw material supply in 2024. In 2025, the export ban and quota policies implemented by the country have already triggered significant fluctuations in cobalt prices. At a time when its cobalt ore exports have not yet resumed large-scale shipments, the United States has successively launched a critical minerals reserve plan, intensifying the competition for global resource dominance. This not only introduces new uncertainties to the cobalt supply system in the DRC but also further elevates the geopolitical risks for Chinese enterprises in securing cobalt resources.

Lihua Yiweiyuan Chemical Co., Ltd. (hereinafter referred to as "Lihua Yiweiyuan") announced today that its "250 kt/year electrolyte solvent project," which it invested in and constructed, had been fully operational and successfully produced qualified products. The project was approved by the shareholders' meeting in December 2022 and, after three years of construction, had now completed the entire production process. The project primarily produced electronic-grade propylene carbonate (PC), dimethyl carbonate (DMC), ethyl methyl carbonate (EMC), diethyl carbonate (DEC), and other electrolyte solvents, with by-products including propylene glycol and food-grade carbon dioxide.

Shijiazhuang Shangtai Technology Co., Ltd. (abbreviated as Shangtai Technology) announced that its issuance of convertible corporate bonds to unspecified objects has been approved by the Shenzhen Stock Exchange and will be officially listed on February 5, 2026. The issuance scale of these convertible bonds is 1.734 billion yuan, with a term of 6 years, and the coupon rate adopts a tiered design, increasing annually. The raised funds will be entirely used for the "200,000 mt Annual Lithium Battery Anode Material Integrated Project," aiming to further expand the company's capacity layout in the lithium battery anode material field and enhance the advantages of integrated production.