Tibet Mining Industry: output of Lithium concentrate in Zabuye Salt Lake has increased

SMM, Feb. 21: recently, Tibet Mining has been surveyed by more than 60 institutions and responded to some issues of concern to investors in its investor activity record sheet. In response to the pricing model of the company's lithium carbonate products, Tibet Mining replied that the current lithium carbonate market is relatively volatile, and the company's pricing model is based on the price of lithium carbonate in Shanghai non-ferrous metal net.

According to the spot price of SMM, the spot price of battery-grade lithium carbonate has risen all the way up recently. as of February 21, its spot price has risen to 44.4-452000 yuan per ton, with an average price of 448000 yuan per ton, up 10, 000 yuan from the previous trading day.

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When it comes to the question of whether the company's Zabuye solar cell method will consider production expansion in the future, Tibet Mine said that the company has repaired some of the leaking salt ponds and carried out related technical research and development, and the output of lithium concentrate has increased. Whether to expand production or not depends on market conditions.

In addition, the lithium hydroxide process signed by Tibet Mining and Jiuwu Hi-Tech adopts titanium adsorbent adsorption, and the future production capacity of Zabuye Salt Lake will be determined according to national and regional requirements and according to the development plan. The brine water resources of salt lakes are different in each place, and the reserves of salt lakes are planned. The company will arrange the development of Zabuye Salt Lake reasonably according to the reserves.

SMM battery grade lithium carbonate spot price:

SMM is an evaluative price formed and issued according to this methodology and can be used by both parties as a reference for battery-grade lithium carbonate spot trade settlement. The price reflects the actual transaction price of each enterprise when the SMM battery-grade lithium carbonate spot price is released on each full working day, as well as the evaluation range of the price most likely to be delivered to the spot transaction. The price is mainly based on the price situation of spot transactions across the country on that day, including related fees in transportation, taxes, capital occupation costs and other related trade expenses.

"Click to view spot quotations for upstream and downstream products of SMM new energy industry chain.

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SMM New Energy Research team:

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Liu Xiaoyi 021-51666716

Yuan Ye 021-51595792

Ren Pengfei 021-51595913