Core Viewpoint - Cangge Mining has obtained a new mining license that includes lithium, allowing the resumption of its lithium extraction project after a previous suspension due to the absence of lithium in the prior license [2][4][9] Group 1: Company Developments - Cangge Mining's subsidiary, Gelmu Cangge Potash Co., has received a mining license valid from August 10, 2025, to December 1, 2029, which includes various minerals such as lithium, magnesium, and boron [3][4] - The company plans to maintain its annual production and sales target of 11,000 tons of lithium carbonate, with adjustments based on the resumption timing and progress [2][6] - The lithium extraction project had been suspended since July 17 due to regulatory issues, but with the new license, the project is now back in operation [4][7] Group 2: Industry Context - Other lithium extraction companies in the Qinghai region are also receiving renewed mining licenses, indicating a trend towards regulatory compliance and increased production capacity in the sector [7][8] - The lithium extraction industry benefits from lower marginal costs, allowing companies to maintain substantial profit margins even during downturns in lithium prices [9] - The new mining license not only secures the long-term development of potash but also clarifies the legal basis for lithium resource development, supporting the growth of the new energy sector [9]
藏格矿业盐湖提锂子公司拿到“锂矿”证 记者独家获悉:公司锂盐项目已复产