Xinhua Finance Shanghai, April 11 - lithium mining companies recently disclosed 2023 annual report, "profitability decline" has become a high-frequency word. In response to this phenomenon, A-share lithium mining company told reporters that the past two years benefited from the lithium price surge, industrial companies have surged, now with the lithium price back to rationality, performance decline is inevitable. Although the price dividend or gone, but in the view of the industry, in the context of the rapid development of new energy vehicles and energy storage industry, the demand for lithium salt products itself still exists.

In the view of Zangger Mining's Zangger lithium industry, lithium resources exploration, development process is long, although now lithium resources development accelerated forward, but the resources are still scarce.

For lithium mining companies, in the lithium price return to rational background, the money-making effect or in how to reduce costs, thus highlighting the competitive advantage, and reduce the cost of the key is to enhance the resource self-sufficiency to ensure the ability. From the recent annual report of lithium mining companies disclosed new developments, some companies are accelerating their own resources development efforts.

Tianqi lithium, for example, the company is pressing ahead with the Jiangsu Zhangjiagang 30,000 tons of lithium hydroxide project, Australia's Quinana 24,000 tons of lithium hydroxide project, Yajiang Zola lithium pyroxene project. The company's existing lithium chemical production capacity of 88,800 tons / year, coupled with the announced planning of lithium chemical products, the company's total lithium compound production capacity will exceed 140,000 tons / year.

Holding the Charkhan Salt Lake resources of the salt lake shares, said the company's overall progress of 40,000 tons of lithium salt integration project is in order according to plan, the project is expected to be completed by the end of 2024, the project will promote the company in the field of new energy materials to achieve greater breakthroughs.