Group 1: Company - Specific Information - The wholly - owned subsidiary of Zangge Mining Co., Ltd., Golmud Zangge Lithium Industry Co., Ltd., received a notice on July 16, 2025, to immediately stop lithium resource development and actively rectify, and apply for resumption of production after completing legal procedures [1][3] - After receiving the notice, Zangge Lithium Industry has stopped production as required and is actively promoting the handling of lithium resource mining procedures [2] - In 2025, Zangge Lithium Industry planned to produce and sell 11,000 tons of lithium carbonate. In the first half of the year, it was expected to produce 5,350 tons and sell 4,470 tons, with an expected net profit of 4.9 million yuan, which has a small impact on the company's operating performance [3][4] Group 2: Industry - Specific Information - The new version of the "Catalogue of Technologies Prohibited and Restricted from Export by China" restricts the export of battery technology and lithium ore lithium extraction technology, increasing the threshold for overseas lithium salt production technology and the expansion time cycle [4] - In 2024, the domestic lithium carbonate production was 701,000 tons. The suspension of Zangge Lithium Industry has a small impact on the annual lithium carbonate production [4] - The government will strictly supervise the development procedures and processes of lithium resources, and future new production capacity of salt lakes may be restricted. In the short - term, without other emergencies, the lithium carbonate price will run strongly between 66,000 - 69,000 yuan, and short - term operations are recommended [4]