Group 1 - The Hang Seng Index Company will announce the second quarter review results on August 22 [1] - The Guangdong vehicle policy aims to launch by November with a daily quota of 100 vehicles [1] Group 2 - 康视云 is listed today, with 蓝思科技 and five other stocks available for subscription [1] - Luxshare Precision is planning to issue shares overseas and list on the Hong Kong Stock Exchange [1] - Ganfeng Lithium has completed the acquisition of the remaining 40% stake in Mali Lithium [1] - Xiaopeng Motors issued 293,600 Class A ordinary shares under its equity incentive plan [1] - Lei Jun stated that the subscription rate for Xiaomi Group's SU7 and SU7 Ultra is less than 15% [1] - Honghua Group signed drilling rig sales agreements totaling over 100 million USD [1] - Diligent Pharma received accelerated approval from the US FDA for its product Shuwozhe [1]

Group 1 - Ganfeng Lithium has completed the acquisition of 100% equity in Mali Lithium, marking a significant step in its lithium resource layout in Africa [1] - The Goulamina lithium spodumene project, with an annual production capacity of 506,000 tons of lithium concentrate, has officially commenced production, indicating a transition to substantial output [1] - This acquisition strengthens Ganfeng Lithium's position in the global lithium market and lays a solid foundation for future growth, contributing to the stability of its global lithium supply chain [1] Group 2 - Tianci Materials' subsidiary has filed a lawsuit for trade secret infringement against several companies, with an expected economic loss of 887 million yuan and legal fees of 1.15 million yuan [2] - The lawsuit is anticipated to have no direct negative impact on the company's current profits, but the case's outcome will be determined by the court [2] - The significant amount involved in the lawsuit may affect investor sentiment, and the market will closely monitor the case's progress and its long-term implications for the company [2] Group 3 - Fulian Precision has signed a cooperation framework agreement with Sichuan Development Longmang to establish a joint venture for high-pressure dense lithium iron phosphate cathode materials and precursor projects [3] - The joint venture aims to build a 100,000 tons/year high-pressure lithium iron phosphate project and a 100,000 tons/year lithium dihydrogen phosphate precursor project, enhancing Fulian Precision's capacity in the lithium battery materials sector [3] - This collaboration reinforces Fulian Precision's position in the core supply chain of new energy vehicle components and is expected to contribute to regional economic development [3]

Core Viewpoint - Jiangxi Ganfeng Lithium Co., Ltd. has successfully acquired the remaining 40% stake in Mali Lithium B.V. for USD 34.27 million, enhancing its lithium resource supply and operational capabilities [1] Group 1: Acquisition Details - The company approved the acquisition of Mali Lithium's stake during the 78th meeting of the fifth board of directors on May 6, 2025 [1] - The acquisition was executed through Ganfeng International, a wholly-owned subsidiary, using its own funds [1] - The total payment for the acquisition has been completed, and the share transfer has been finalized, resulting in the company holding 100% of Mali Lithium [1] Group 2: Operational Impact - Mali Lithium's Goulamina spodumene project has commenced production with an annual capacity of 506,000 tons of lithium concentrate [1] - The establishment of a shipping route for lithium ore exports from Mali to China has been successfully initiated, marking a significant step in the company's resource layout in Africa [1] - This acquisition is expected to provide a stable and high-quality lithium resource supply, improving the company's self-sufficiency in lithium resources and enhancing profitability [1]

Summary of Key Points from Conference Call Records Industry Overview - The conference call primarily discusses the lithium mining industry, focusing on developments in Australia and Zimbabwe, as well as challenges and opportunities in other regions such as South America and Africa [1][3][10]. Key Insights and Arguments - **Declining Lithium Grades and Mine Closures**: Australia is experiencing a decline in lithium ore grades and mine closures, aligning with global trends. New projects like Mountain Holland and Castle in Valley are expected to release 160,000 to 200,000 tons of lithium ore, while older mines are optimizing recovery rates [1][4]. - **Challenges in Zimbabwe**: Zimbabwe's lithium production faces significant challenges, including lower ore quality compared to Australia, political risks associated with the BOT model, and issues with electricity and sulfuric acid supply for lithium sulfate production [1][5][6]. - **Investment and Taxation Issues**: The Zimbabwean government imposes a 5% export tax on lithium, which Chinese companies are negotiating to delay until 2027, when a sulfuric acid plant is expected to be operational [1][9][6]. - **High Transportation Costs**: Transportation costs for lithium from Mali are high, making profitability difficult. The Democratic Republic of Congo faces legal disputes that hinder development, while South American salt lakes present rich resources but have unfavorable investment environments [1][10][12]. - **Long-term Prospects in South America**: Companies with strong capabilities and professional teams are expected to benefit from long-term investments in South American salt lakes, despite the high initial capital expenditures and infrastructure challenges [1][18]. Additional Important Content - **Production Costs and Pricing Dynamics**: The average production cost for Australian lithium mines is approximately 62,000 CNY per ton, while Zimbabwe's costs are close to 70,000 CNY per ton. Current market conditions show a negative feedback loop between spot prices and production costs, leading to further price declines [3][21][22]. - **Market Overcapacity**: The lithium market is currently in a state of oversupply, with an average excess of 200,000 tons per year, which may take two to five years to absorb [3][32]. - **Future Price Expectations**: Short-term expectations for lithium carbonate prices are projected to remain between 70,000 and 80,000 CNY, with long-term forecasts suggesting similar levels unless significant changes in demand or supply occur [34]. - **Emerging Technologies**: The development of solid-state batteries may influence lithium demand, but the impact is expected to be limited in the short term due to slower-than-anticipated technological advancements [38][41]. Conclusion The lithium mining industry is facing a complex landscape characterized by declining ore grades, high production costs, and significant geopolitical risks, particularly in Zimbabwe. While there are opportunities for growth in South America, the current market is oversupplied, leading to price pressures. Companies must navigate these challenges while considering the potential impact of emerging technologies on future demand.

固态电池是当下最热门的赛道之一，在新能源一骑绝尘，最近也越来越多企业发布相关进 展，有的辟谣，有的否认，有的强调布局。 主机厂 （1）上汽集团：全固态电池将在 2027 年装车 6 月 12 日，上汽集团亮相香港车展，表示固态电池将在 2027 年装车。 4 月 10日， 2025 上 汽之夜活动中上汽集团总裁贾健旭表示，上汽新一代固态电池将于今年底在全新 MG4 上量产应 用； 2027 年，上汽首款全固态电池"光启电池"将落地。 （2）长安汽车： 2025 年推出全固态电池样车、 2027 年逐步量产 6 月 12 日， 2025 香港车展上，长安汽车高管宣布，公司将加速推出以金钟罩全 固态电池为代表的下一代电池，并将在 2025 年底实现全固态电池功能样车首发， 2027年推进 全固态电池逐步量产。 长安金钟罩电池能量密度达 400wh/kg ，续航能力超1500km ，安全性 可提升 70% 。 电池厂 6 月 6 日，宁德时代官微发布， 21C 创新实验室欧阳楚英、王瀚森团队独立完成 的锂金属电池研究成果发表于国际顶级期刊《自然·纳米技术》， 标志着宁德时代 基础科研能力获纳米技术领域最高水平认可。 ...

Core Viewpoint - Ganfeng Lithium has successfully commenced production at the Goulamina lithium spodumene project in Mali, marking a significant step in the company's resource layout in Africa and enhancing its lithium resource self-sufficiency and profitability [1][2] Group 1: Project Details - The Goulamina lithium spodumene project is located in southern Mali and is one of Africa's largest lithium mines, covering an area of approximately 100 square kilometers [2] - The total explored ore resource at Goulamina is about 211 million tons, corresponding to approximately 7.14 million tons of lithium carbonate equivalent (LCE), with an average lithium oxide grade of 1.37% [2] - The first phase of the project has a planned annual production capacity of 506,000 tons of lithium concentrate, with a second phase expansion planned to increase capacity to 1 million tons [2] Group 2: Strategic Developments - Ganfeng Lithium's subsidiary, Ganfeng International, has completed the acquisition of a 40% stake in Mali Lithium for $342.7 million, further solidifying its position in the lithium market [1] - The company has secured 100% of the off-take rights for the first phase of production, which will allow it to capitalize on the resource advantages and enhance its cost competitiveness in the global market [2]

证券代码：002460 证券简称：赣锋锂业 编号：临2025-083 特此公告。 江西赣锋锂业集团股份有限公司 董事会 2025 年 7 月 3 日 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于 2025 年 5 月 6 日召开第五届董事会第七十八次会议审议通过了《关于收购 Mali Lithium 公司部分股权涉及矿业权投资的议案》，同意全资子公司赣 锋国际有限公司（以下简称"赣锋国际"）拟以自有资金 3.427 亿美 元向 Leo Lithium Limited（以下简称"Leo Lithium"）收购旗下 Mali Lithium B.V.（以下简称"Mali Lithium"）剩余 40%股权，授权公司 经营层全权办理本次交易的相关事宜。（详见公告：2024-032） 近日，公司已向Leo Lithium交付收购Mali Lithium股权的全部对 价款，并完成股权交割工作。截至本公告披露日，公司持有Mali Lithium100%股权，Mali Lithium旗下马里Goulamina锂辉石项目一期 ...

致：香港交易及結算所有限公司 公司名稱: 江西贛鋒鋰業集團股份有限公司 呈交日期: 2025年7月2日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年6月30日 狀態: 新提交 | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01772 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 403,574,080 | RMB | | 1 RMB | | 403,574,080 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 403,574,080 | RMB | | 1 RMB | | 403,574,080 | 本月底法定/註冊股本總額： RMB 2,017,167,779 FF301 I. ...

Core Viewpoint - Ganfeng Lithium has completed the acquisition of 100% equity in Mali Lithium, marking a significant step in its lithium resource expansion in Africa with the commencement of production at the Goulamina lithium spodumene project, which has an annual capacity of 506,000 tons of lithium concentrate [1] Group 1 - Ganfeng Lithium has delivered the full payment for the acquisition of Mali Lithium's equity and completed the equity transfer [1] - The Goulamina lithium spodumene project has officially commenced production, with a first-phase annual capacity of 506,000 tons of lithium concentrate [1] - This acquisition signifies a substantial advancement in the company's lithium resource layout in Africa, entering a phase of tangible output [1]

Core Viewpoint - Ganfeng Lithium has successfully completed the acquisition of the remaining 40% stake in Mali Lithium B.V. from Leo Lithium Limited, paying a consideration of $343 million, resulting in full ownership of Mali Lithium [1] Group 1: Acquisition Details - Ganfeng Lithium's wholly-owned subsidiary, Ganfeng International, has finalized the acquisition of the remaining 40% stake in Mali Lithium B.V. [1] - The total payment for the acquisition was $343 million [1] Group 2: Production and Operations - Ganfeng Lithium now holds 100% ownership of Mali Lithium [1] - The first phase of the Goulamina spodumene project in Mali has commenced production, with an annual capacity of 506,000 tons of lithium concentrate [1] - The export transportation line for lithium ore from Mali to China has been successfully established, marking a significant step in the company's resource layout in Africa [1]