CNGR(SZ:300919) Zheng Quan Zhi Xing·2025-08-21 09:17Group 1 - Lithium carbonate, a core raw material for power batteries, has seen its price rise significantly, with the main futures contract reaching nearly 90,000 yuan/ton, an increase of over 50% from previous lows, leading to a reassessment of asset values for lithium mining companies [1] - The increase in lithium carbonate prices is driven by several factors: supply-side contraction due to resource reviews in Jiangxi and environmental policies in Chile, cost support from high-cost lithium spodumene mines reducing output when prices fall below 60,000 yuan/ton, and a rebound in demand from the growing sales of electric vehicles and pre-holiday inventory replenishment [2] Group 2 - Zhongwei Co., Ltd. has demonstrated keen industry insight by strategically acquiring lithium salt lake resources in Argentina through controlling JAMA and investing in the Solaroz project, expecting to secure over 10 million tons of lithium carbonate equivalent (LCE) resources during the low price period of 60,000 yuan/ton [3] - As lithium carbonate prices rise above 80,000 yuan/ton, Zhongwei's salt lake assets are undergoing a threefold value reassessment: cost advantages with a total cost of 40,000-45,000 yuan/ton leading to a gross margin of 45%-50%, a premium for resource scarcity due to limited global high-quality salt lake resources, and enhanced supply chain security through vertical integration of upstream resources and midstream materials as a precursor supplier with an annual capacity exceeding 200,000 tons [4]