SMM: at the opening of trading this morning, the concept plate of extracting lithium from salt lake rose rapidly, Tibet Mining and Zhaoxin shares rose by the daily limit, and Ganfeng Lithium Industry, Tibet City Investment and other stocks rose more than 7 percent in intraday trading.

According to the news, in response to questions from investors on August 27, Tibet Mining revealed that Tibet Mining is already starting a production line for extracting lithium from salt lakes. On the same day, Tibet Mining released gas performance data for the first half of 2021. It is reported that Tibet Mining's net profit belonging to shareholders of listed companies was 42.514 million yuan, compared with the same period in 2020 and-32.095 million yuan in the same period in the first half of the year.
Tibet Mining has also revealed that its green comprehensive development and utilization project of 10,000 tons of battery-grade lithium carbonate in Zabuye Salt Lake, with an investment of nearly 2 billion yuan, is expected to be completed and put into production by the end of September 2023. At that time, the company will increase the production capacity of lithium carbonate 12000 tons / year, potassium chloride 156000 tons / year, rubidium and cesium mixed salt 200 tons / year.
Tibet Mining Industry plans to implement a 10,000-ton battery-grade lithium carbonate project for comprehensive development and utilization of salt lakes in the first half of the year.
In addition, Mount Qomolangma, Tibet, said on August 29 that the company had reached a memo with Changsha Nonferrous Institute on deepening cooperation in the field of lithium extraction from salt lakes, and the two sides mainly focused on how to better develop and utilize the high-quality lithium salt lake resources in Argentina controlled by the company. to achieve a reasonable balance of investment intensity, production costs, resource recovery rate, operating cycle and other comprehensive factors for in-depth discussion.
In addition, the Ministry of Industry and Information Technology has recently proposed to further strengthen scientific and technological support work such as efficient development and comprehensive utilization of salt lake resources. Salt lake lithium plate continues to improve, its future is worth looking forward to.

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