Tibet Mining Industry: the pricing of lithium concentrate is mainly based on the 15-day average price of SMM industrial grade lithium carbonate.

In answering netizens' questions on the investor question platform, Tibet Mining said that the pricing of its lithium concentrate products is mainly based on the 15-day average price of industrial grade lithium carbonate of (SMM) in SMM, with comprehensive consideration of processing fee, moisture and recovery rate. At the same time, the products sold in that month follow the process of testing the quality of the products in batches, quoting, confirming, signing contracts, and so on; although the price of the products is locked after signing the sales contract, the products of the company are put forward by the customers themselves, and the settlement can only be made after the transportation is completed. therefore, the price of the product in the third quarter is not necessarily the market price in the third quarter.

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