Mei Ri Jing Ji Xin Wen·2025-06-17 14:32Core Viewpoint - The establishment of two joint ventures by Tianqi Lithium and CATL marks significant progress in lithium mining operations in Sichuan, focusing on mining, water supply, and tailings management [2][4][7]. Group 1: Joint Ventures and Operations - Tianqi Lithium's subsidiary and CATL's subsidiary jointly established Sichuan Muyunze Mining Co., Ltd. on June 12, with a registered capital of 500 million yuan, focusing on mining and non-metallic mineral sales [4][5]. - The joint venture, Sichuan Muyunze, is strategically located near Tianqi Lithium's Zuo La lithium mine, which is part of a world-class lithium mineralization belt with over 6.5 million tons of identified resources [5][6]. - Another joint venture, Sichuan Miaowei Water Co., Ltd., was also established on June 12, with a registered capital of 200 million yuan, focusing on water production and supply [7]. Group 2: Infrastructure and Collaboration - The collaboration between Tianqi Lithium and CATL encompasses essential infrastructure for lithium mining, including electricity, water, and tailings management, which are critical for mining operations [3][7]. - In July 2023, Zijin Mining acquired a 20% stake in Tianqi Lithium's subsidiary, enhancing its mining capabilities and accelerating lithium extraction processes [6]. - A cooperation agreement was signed in March 2022 among Tianqi Lithium, CATL, and Huirong Mining for the construction and operation of a 220kV power supply project, indicating substantial progress in mining infrastructure [6]. Group 3: Market Context - The lithium carbonate market is currently experiencing price fluctuations, with futures prices dropping below 60,000 yuan per ton as of late May [8].