Zijin Mining Co., Ltd. offered 5 billion yuan to acquire lithium salt dealer Neo Lithium | Ford Nissan and other four auto companies announced that they would cut production in October.

[Zijin Mining offers 5 billion yuan to acquire lithium salt company Neo Lithium] Canadian lithium salt company Neo Lithium10 disclosed on the 9th that Zijin has agreed to buy all issued shares of Neo Lithium for C $6.50 per share, with a total consideration of about C $960 million (about 4.96 billion yuan). The transaction price is about 36% higher than the average price of Neo Lithium on the 20th. It is reported that the Neo Lithium3Q lithium salt lake project is one of the largest and highest-grade projects of its kind in the world.

[Zang GE Holdings: the net profit in the first three quarters is expected to increase by 1674% compared with the same period last year.] Zang GE Holdings announced that it is expected to make a net profit of 800 million yuan to 850 million yuan in the first three quarters of 2021, an increase of 1673.93% 1484.81% over the same period last year, and a profit of 45.0975 million yuan in the same period last year. During the reporting period, the sales volume and sales price of lithium carbonate in Zangge Lithium Industry, a secondary subsidiary of the company, increased significantly compared with the same period last year; the sales price of potassium chloride in subsidiary Zangge potash fertilizer increased compared with the same period last year. The abbreviation of the company's securities will be changed to "Zangge Mining". The company announced on the same day that the Strategic Cooperation Agreement for Salt Lake Lithium Mine Investment and Development Project was signed with Zangqing Fund on October 8, 2021. The company provides support for the development and construction, salt lake lithium extraction technology and production operation management of all salt lake lithium mining enterprises invested by the Zangqing Fund, including Mamituo Mining, and has the priority to acquire the equity interests of the salt lake lithium mining enterprises held by the Zangqing Fund.

[Azure Lithium Core: plan to raise no more than 2.5 billion yuan for efficient new lithium battery industrialization project] Azure Lithium Core announcement, proposed to raise no more than 2.5 billion yuan, for annual output of 2 billion AH high-efficiency new lithium-ion battery industrialization project, high-efficiency new lithium-ion battery industrialization project (Phase II). It is expected to make a profit of 158 million yuan to 178 million yuan in the third quarter, an increase of 51.8% over the same period last year.

[Jinyuan shares: wholly-owned subsidiary intends to acquire 60% shares of Tibet Liyuan Mining] Jinyuan shares announcement, Jinyuan New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, plans to acquire 60% shares of Tibet Ali Liyuan Mining Development Co., Ltd in the form of cash and issuing shares of listed companies. Liyuan Mining in Tibet has two salt lake mining rights, namely, Chabocuo Salt Lake Mining right in Gaize County and LXXXVI Qiancuo Salt Lake Mining right in Geji County. After the completion of this acquisition, the company will be able to increase the equity reserve of lithium resources and speed up the mass production of lithium carbonate.

[LG Energy will push IPO as planned this year] after determining the costs associated with GM's recall of Bolt, LG Energy Solution, LG's chemical battery division, is scheduled to launch an initial public offering this year. Small Financial Note: LG Energy said in August that it would decide whether to conduct IPO this year in October.

According to foreign media reports, four automakers, Ford, Skoda, Nissan and Volkswagen, have announced plans to cut production due to chip shortages. Among them, Ford will suspend production at a Mexican plant from October 11 to 12; Skoda Czech plant will significantly reduce production or even stop production from October 18 to the end of this year; Nissan two Mexican plants will stop production for 11 days and 8 days respectively in October; Volkswagen will suspend production at a Mexican plant from October 6 to 15. In response to the chip shortage, the United States and Mexico agreed to set up a supply chain working group for semiconductor manufacturers to ensure the normal production of cars. "View details