TMD(SZ:000762) Mei Ri Jing Ji Xin Wen·2026-01-20 04:30Core Viewpoint - The Zabuye Phase II project of Tibet Mining is set to officially commence production in September 2025, utilizing the world's first large-scale lithium extraction technology combining "membrane separation + MVR" [1] Group 1: Project Details - The Zabuye Phase II project has overcome significant challenges related to high altitude and harsh natural environments [1] - The project is currently in the capacity ramp-up phase, with ongoing efforts to optimize processes [1] - The company emphasizes a cautious approach to any technological modifications, ensuring that any changes undergo rigorous technical and economic evaluations to enhance overall project efficiency rather than discarding existing assets [1] Group 2: Investor Concerns - Investors have raised concerns regarding the lengthy five-year timeline for the Zabuye Phase II project to commence production, noting it has recorded the worst performance globally [3] - Questions have been posed about the potential abandonment of the pre-sun pool built for the project if the company opts to implement an adsorption method for lithium concentration [3] - There are inquiries about the feasibility of accommodating new adsorption equipment within the existing Phase II facility and the timeline required for such modifications, as well as the expected increase in production capacity [3]