[SMM Analysis] Million-Tonne Lithium Mine Project EIA Accepted, Pressing Fast-Forward on Snoway Development
The Sinowei Lithium Mine (Dechelongba Spodumene Mine) has retained resources of 24.924 million mt of ore, with an average Li2O grade of 1.34%. Designed for open-pit mining, it has a capacity of 1.5 million mt/year. The project has now entered the environmental impact assessment (EIA) acceptance stage, and construction is progressing as planned. SMM believes that the capacity release pace of this mine meets market expectations, as the market has already fully priced in the commissioning pace of such large mines. The subsequent real marginal variables remain the actual mining progress and the pace of profit recovery in the lithium chemical processing segment.