SMM October 21: yesterday, Ganfeng Lithium Industry announced that it intends to acquire its 8.58% stake in Litio from InternationalLithiumCorp. (International Lithium Industry) through wholly-owned grandson company GanfengLithiumNetherlandsCO.,B.V. (referred to as "Dutch Ganfeng").
The total value of the transaction is about US $13.178 million, Ganfeng Lithium contributed US $10 million, and the rest of the funds are exempted from the past development loans and interest income of Ganfeng International, a wholly owned subsidiary of the company. After the completion of this transaction, Ganfeng Lithium indirectly holds a 100% stake in Litio and its Mariana Lithium Salt Lake project.
It is reported that Litio, which is mainly engaged in mineral exploration and investment, has a 100% interest in the lithium salt lake project in Mariana, Salta province, Argentina. The Mariana Lithium Salt Lake project currently has 18 mining and exploration licenses located in the Argentine province of Salta, covering a total area of 32436 hectares, mainly for lithium compounds produced from lithium-containing salt lake brine.
At present, the first phase of the Mariana lithium salt lake project has planned an annual production capacity of 20, 000 tons of lithium chloride, which is still under construction. It is estimated that the total proven and inferred resources of Mariana Lithium Salt Lake are 8.12 million tons LCE, estimated at about 1.222 million yuan.
It is worth mentioning that, in the medium to long term, the field of lithium electricity belongs to the plate with high magnanimity, which was affected by many factors such as the shortage of lithium ore some time ago, and the price of raw materials in the upper reaches rose rapidly. Among them, battery-grade lithium carbonate is in short supply, almost every day at the frequency of 3000 yuan / ton rapid uplink. Although the upstream speed of lithium carbonate has slowed down recently due to the influence of limited electricity downstream, the trend is still there.
According to the spot price of SMM, as of October 20, the average spot price of domestic battery-grade lithium carbonate was 190000 yuan / ton, up 117% from the July low.
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According to a recent survey by SMM, lithium iron manufacturers' inquiry orders for lithium carbonate have increased. Fundamentally, from November to December, the market will be tight due to the demand for lithium iron phosphate-the impact of winter supply reduction in Qinghai, and the price of lithium carbonate will continue to rise in the future. "View details
Guotai Junan Securities had previously predicted that the tight supply and demand of lithium resources may continue until 2022. Therefore, even in response to the rapid rise in raw material prices, it is imperative to speed up the layout of the lithium mining industry. Ganfeng Lithium Industry also said that the above deal will strengthen the company's layout in the upstream lithium resources and will better promote the future development, construction and production of the Mariana lithium salt lake project in Argentina.
