[8.30 Lithium Express] five departments: strengthen the management of power batteries for new energy vehicles | A memo has been reached between Mount Qomolangma in Tibet and Changsha Nonferrous Institute on deepening cooperation in the field of lithium ext

[a memo on deepening cooperation in the field of lithium extraction from salt lakes between Mount Qomolangma in Tibet and Changsha Nonferrous Institute] according to the official WeChat of Mount Qomolangma in Tibet, a few days ago, the chairman of the company, Huang Jianrong, discussed with Tan Rong, the visiting Changsha Nonferrous Metallurgical Design and Research Institute Co., Ltd., and the vice president and his party about the extension of the comprehensive recovery project for non-ferrous metal mine resources. And deepen cooperation in the industrial application of lithium extraction from salt lakes to conduct in-depth exchanges and reach memos. During the discussion, the two sides focused on deepening the scope of cooperation, mainly around the better development and utilization of the high-quality lithium salt lake resources in Argentina controlled by the company, and to achieve a reasonable balance of comprehensive factors such as investment intensity, production cost, resource recovery rate, operation cycle and so on.

[Tibet Mining Industry Phase II Lithium Carbonate Project cost 24100 yuan / ton after deducting by-products is in the first echelon in the world] the second phase of lithium extraction from Tibet Mining Salt Lake has an annual output of 12000 tons of lithium carbonate and 156000 tons of potash fertilizer is scheduled to start on September 29th this year. Strive to be completed on July 30, 2023, and put into operation on September 30, 2023; The first phase of the project will continue to be retained and carry out technical improvements (dynamic bittern exchange, film laying, etc.). After the completion of the transformation, it is expected to reach the production capacity of 10,000 tons of lithium concentrate per year in 2023, equivalent to about 5000 tons of lithium carbonate. In terms of cost, the total cost of lithium carbonate in the second phase is 42500 yuan / ton, after deducting by-products, the total cost is 24100 yuan / ton, the cost competitiveness is in the first echelon in the world; the first phase product is lithium concentrate, the cost after transformation is more than 10,000 yuan / ton.

[Tianqi Lithium Industry: 85.7975 million yuan net profit in the first half of the year turned into profit compared with the same period last year] Tianqi Lithium Industry disclosed its semi-annual report that during the reporting period, the company achieved total operating income of 2.351 billion yuan, an increase of 25.13% over the same period last year. The main reason is that the sales volume of the company's main lithium compound products increased by 36.44% over the same period last year, the average sales price increased by 31.22% over the same period last year, and the net profit was 85.7975 million yuan, turning losses into profits.

[salt Lake shares: first-half net profit of 2.114 billion yuan up 53% over the same period last year] Salt Lake shares released a semi-annual report, with operating income of 6.162 billion yuan in the first half, down 36% from the same period last year; net profit of 2.114 billion yuan, an increase of 52.97% over the same period last year; and basic earnings per share of 0.39 yuan. Downstream demand warms up, and the mismatch between supply and demand accelerates the rise in the price of lithium salt. From January 2020 to June 2021, the price of battery-grade lithium carbonate rose by more than 60%, and domestic potassium chloride rose by about 650 yuan per ton in June compared with the same period last year, an increase of more than 30%.

[Funeng Technology: plans to build a new energy battery project with an annual capacity of 24GWh] on August 29th, Funeng Technology announced that the company plans to build an annual 24GWh new energy battery project in Sanshan Economic Development District of Wuhu. It is expected that the capital invested in this project is relatively large, and the sources of funds include, but are not limited to, self-owned funds, bank loans, equity financing and so on.

[five departments: strengthening the management of power batteries for new energy vehicles] on August 27, the Ministry of Industry and Information Technology and other five departments jointly issued a circular entitled "measures for the Management of echelon Utilization of Power batteries for New Energy vehicles". In the "measures," it is proposed to encourage echelon utilization enterprises to cooperate with enterprise agreements such as the production of new energy vehicles, the production of power storage batteries, and the recovery and disassembly of scrapped motor vehicles; encourage echelon utilization enterprises to develop and produce echelon products suitable for base station power preparation, energy storage, recharging, and other fields; encourage the adoption of business models that facilitate the recovery of echelon products, such as leasing and large-scale utilization.