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Lithium Prices Continue To Rise, ZANGGE Mining Stable Development

2022-01-03

First Electric Network Lithium salt prices continue to rise, the industry business climate remains high, lithium resources of the global competition tends to white-hot. It can be seen that in the context of the high growth of the new energy industry, the difficulty and progress of lithium resource development is difficult to match the speed and magnitude of downstream demand growth, and high-quality resources are scarce, and all parties in the industrial chain continue to increase the layout of global lithium resources and smelters. The global competition for resources is fierce, reflecting the scarcity and importance of lithium resources, and the independent control of lithium resources is the strategic demand of the new energy industry chain.

ZANGGE MINING

Zangge Mining entered the new energy industry in August 2017 and decided to build a new battery-grade lithium carbonate project with an annual output of 10,000 tons. On September 15, 2017, it was announced that the layout of lithium extraction from salt lakes would begin. On January 30, 2018, it was announced that the engineering design contract for lithium carbonate project would be signed. By the time the first phase of the project was put into production, it would only take 16 months and 12 months respectively to produce qualified products. The short cycle from the beginning of the layout to the output of qualified products, the fast speed of project advancement and the correct choice of technology all show the strong executive power of the company's management. The battery-grade lithium carbonate project is progressing in an orderly manner and is expected to become a salt lake lithium-lifting leader.

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