盐湖股份：拟收购五矿盐湖51%股权

Core Viewpoint - Salt Lake Co., Ltd. is accelerating the construction of a world-class salt lake industry base and has signed an equity transfer agreement with China Salt Lake to acquire a 51% stake in Minmetals Salt Lake for a transaction price of RMB 4.605 billion, aiming to enhance company quality and resolve industry competition issues [1]. Group 1: Company Overview - Minmetals Salt Lake's main products include lithium carbonate, lithium phosphate, lithium hydroxide, and potassium chloride, with established production capacities of 15,000 tons/year for lithium carbonate, 2,000 tons/year for lithium phosphate, 1,000 tons/year for lithium hydroxide, and 300,000 tons/year for potassium fertilizer [2]. - The company leads the salt lake industry in terms of product yield, quality, and cost metrics [2]. Group 2: Research and Development - Minmetals Salt Lake is involved in a national key research and development project focused on "Key Technology Research and Demonstration for Salt Lake Resource Extraction and Comprehensive Utilization" and participates in three national-level scientific research projects [2]. - Over the past five years, the company has achieved eight significant technological milestones, with two technologies reaching international leading levels and two others achieving domestic leading status, filling gaps in the domestic salt lake industry [2]. Group 3: Resource Information - The company primarily develops lithium and potassium resources through the Yiliping Salt Lake, which covers an area of 422.73 square kilometers and is characterized by liquid lithium ore along with beneficial components such as boron, potassium, and magnesium [2]. - As of the end of 2024, Minmetals Salt Lake has a lithium chloride resource reserve of 1.6459 million tons and a potassium chloride resource reserve of 14.6311 million tons [2].