SMM: recently, Tibet Mining released a record table of investor relations activities, which is a legendary existence of "five days and three boards" in nearly five trading days. Tibet Mining, a hot stock of lithium extraction from salt lake, has been investigated by as many as 110institutions. In the record sheet of investor relations activities, Tibet Mining mentioned that the government of the Tibet Autonomous region actively supported the company's salt lake development and hoped to use the development of Zabuye Salt Lake as a benchmark project to promote the construction of the "Lithium City" in Xigaze.
In terms of the company's capacity planning, Tibet Mining mentioned that it would continue to increase the capacity of the first phase of the solar energy plan in Zabuye Salt Lake. The grade of this salt lake lithium concentrate is 50% to 70%. Tibet Mining has vowed that the resources and environment around Zabuye Salt Lake can support the company's target of 30,000 tons of production capacity.
It is worth mentioning that on November 1, 2021, Tibet Mining mentioned in the record sheet of investor relations activities that it planned to expand this phase of the project to a design capacity of 10,000 tons.
On December 26, 2021, Tibet Mining replied on the investor interactive platform that the company's existing lithium resources are only Zabuye Salt Lake, and its design capacity is that the Li2CO3 concentrate of Zabuye Mine reaches 8628 tons per year (containing more than 60% lithium carbonate). Due to serious leakage from salt fields and crystal ponds, the design capacity has not been reached. At present, the actual annual output of lithium carbonate concentrate is about 4500-5000T (containing more than 60% lithium carbonate).
In addition to this capacity planning for Zabuye Salt Lake, the EPC+0 contract for the second phase of the 12000-ton lithium carbonate project in Tibet Mining has entered preliminary preparatory work and is expected to start construction in April 2022 and start production in September 2023.
In addition, Tibet Mining has previously signed a 100-ton lithium hydroxide pilot test contract with Jiuwu Hi-Tech. After the pilot test is successful, the construction of a 10,000-ton lithium hydroxide project will be considered in the follow-up.
There is no doubt that in today's era of "rising with lithium", the Tibetan mining industry, which has salt lake resources and makes great efforts to distribute lithium carbonate and lithium hydroxide, has mastered the current wealth and flow code. It, which distributes lithium mines across the border from real estate companies, has also reaped a lot in 2021, with its share price rising more than 309 per cent in 2021, with a peak of more than 400 per cent at one point.
Lithium carbonate is still a hot topic until now. Today, its rising price has helped the average price of lithium carbonate successfully break through the 300000 yuan mark, reaching 302000 yuan / ton. The price of lithium hydroxide also continued to rise along with the price of lithium carbonate and rose to 249500 tons / yuan.
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A recent survey by SMM found that after New Year's Day, the production and maintenance of major domestic factories and natural gas restrictions in Qinghai led to a decline in the supply of lithium carbonate. There are few quotations from major domestic manufacturers, and some high-level lithium carbonate has even been traded at 310000 yuan / ton. "View details
In its previous annual forecast, SMM believes that lithium carbonate will show a supply gap of about 7 per cent in 2022, with the annual average price significantly rising to about 280000 yuan / ton and a high price of about 350000 yuan / ton. "View details
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