WTECL(SH:600157) Quan Jing Wang·2026-01-06 14:39Core Viewpoint - Yongtai Energy has successfully obtained approval for the resource reserve assessment of its subsidiary, Shanxi Qinyuan Kangweisen Dayuan Coal Industry Co., Ltd.'s "coal-aluminum" mineral resources, marking a significant milestone for the company's green exploration and comprehensive development in the bauxite sector [1][2]. Group 1: Resource Discovery and Quality - The exploration covered 53.57% of the total mining area, revealing a total bauxite resource of 7.8426 million tons, all classified as retained resources, allowing the mine to enter the ranks of medium-sized bauxite deposits [2][3]. - The average Al2O3 content is 61.46%, significantly exceeding industry standards, indicating the high quality of the bauxite resources [2]. Group 2: Strategic Importance - The discovery of the medium-sized bauxite deposit is strategically significant, especially given that China relies on imports for approximately 70% of its bauxite needs in 2024, highlighting the importance of domestic resource security [2]. - The project also revealed associated resources, including gallium, with an estimated retained resource of 470.56 tons, which is crucial for high-tech industries [4]. Group 3: Future Development Plans - The company plans to accelerate the mining license application process and expand exploration to other areas of the mine, which could lead to a significant increase in resource reserves [3][6]. - Yongtai Energy aims to establish a new industrial pattern centered on bauxite, maximizing resource utilization efficiency and enhancing the company's value potential [5]. Group 4: Long-term Vision - The company is committed to advancing the "coal-aluminum" project, focusing on efficient resource utilization and green industrial upgrades, with expectations for substantial contributions to the energy sector's transformation and resource security in China [6][7].