SMM January 5: last night, at the beginning of the new year, Mount Qomolangma in Tibet released its 2021 performance advance announcement. According to the announcement, the net profit of shareholders belonging to listed companies in 2021 is expected to be 700 million yuan to 900 million yuan, an increase of 2,188.76 percent over the same period last year. 2842.69 percent.
As for the reason for the pre-increase in the company's performance during the reporting period, Mount Qomolangma in Tibet explained that it was mainly because the company's main business had returned to normal. On the one hand, the prices of copper, lead and zinc in the non-ferrous metals industry during the reporting period increased compared with the same period in 2020; on the other hand, in 2021, the production capacity of the company's wholly-owned subsidiary Tazhong Mining Co., Ltd. and the output and sales of concentrate products are in line with the annual production and operation plan.
Under the combined effect of the above factors, the net profit of Mount Qomolangma in Tibet increased by more than 2188.76% in 2021 compared with the same period last year.
According to public data, Mount Qomolangma in Tibet is mainly engaged in mineral resources exploration, mining, ore processing, metal smelting, mineral products trade, investment and operation of mineral resources and related industries. Since March 2006, the company has transformed its main business into non-ferrous metals, and the subsequent acquisition of Tazhong Mining has also made Tibet Mining involved in lead-zinc mining.
On December 18, Mount Qomolangma in Tibet also announced that two mining rights of Tazhong Mining had been renewed, of which the "Zalenisol deposit" polymetallic deposit (A Mine) had 16.2571 million tons of resources and reserves of 7.034 million tons by the end of 2020. geological grade lead 2.35, zinc 2.34. The "Salchashma deposit" polymetallic deposit (ore distribution) has ore resources of 1.0461 million tons, reserves of 547500 tons, geological grade of lead 3.21 and zinc 3.21.
According to SMM spot prices, zinc, which once rose by the limit in mid-October, is more eye-catching than lead. As of December 31, the average spot price of SMM zinc ingots was 24160 yuan / ton, up 3120 yuan / ton from the beginning of the year, an increase of 14.8%.
"Click here to view the price of SMM zinc products.
For the trend of zinc prices in the first quarter of 2021, SMM believes that overseas energy problems in 2022 are still the biggest risk point. At present, the upward shift in refinery costs brought about by electricity prices in the first quarter is difficult to alleviate. If European refineries further extend the cut-off time and increase production reduction efforts, zinc prices will rise rapidly, and the annual high is expected to occur in the first quarter. "View details
However, as a concept hot stock such as lithium extraction from salt lake and lithium battery, for Mount Qomolangma in Tibet, it is undoubtedly the salt lake business that has attracted the most attention of consumers recently. On November 16, Mount Qomolangma in Tibet also signed an Investment Agreement with the Salta Provincial Government of the Argentine Republic on the Industrial Development Project of Salt Lake Resources in Salta Province, investing 1.7 billion US dollars to open two salt lake development projects to build a total capacity of 10 to 150000 lithium carbonate. Among them, the Anheles Salt Lake in Salta, Argentina, has an annual capacity of 55000 tons of lithium carbonate, which was officially started on December 23 and is expected to be completed by the end of 2022. In addition, it is planned to invest no less than 1 billion US dollars to build an annual capacity of 5 to 100000 tons of lithium carbonate in Arizaro Salt Lake.
However, according to the previous response of Mount Qomolangma in Tibet, the source of 1 billion yuan of investment funds for the Arizaro Salt Lake project has not yet been clearly planned and has not entered the production stage.
But even so, its move to invest in Salt Lake still gives investors confidence in the future of Mount Qomolangma in Tibet. As of December 31, the share price of Mount Qomolangma in Tibet was at 37.66 yuan per share, up 270.13% from the end of 2020. Among them, on September 1, its share price peaked at 50.89 yuan, with a peak of 400.16% compared with the biggest increase at the beginning of the year.
In the past year, the average price of battery-grade lithium carbonate was 275000 yuan / ton, up 418.87 percent from the same period in 2021, according to SMM spot prices.
"Click to view the spot market of SMM new energy products.
China International Capital Corporation believes that even though more new projects will be put into production from 2022 to 2023, the overall supply and demand of lithium is still tight, because lithium resource projects generally need a capacity climbing cycle of half a year to two years according to different resource types and process paths. the effective supply contributed by new production projects is relatively limited. Taking into account the complexity of the development of lithium resources, the long-term progress of new supply is also easy to be lower than the current market expectations, so the duration of supply and demand shortage may still exceed current market expectations.
Related reading: the prices of 14 kinds of lithium materials in 2021 are up more than 400% this year!
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