Core Viewpoint - Yili Holdings (00076.HK) has announced the sale of its remaining graphite ore inventory to AGL, with a total of 32,863,966 tons to be sold by December 2024, but AGL has failed to make the payment by the agreed deadline [1] Group 1: Sale Agreement Details - The sale agreement stipulates that AGL must pay a total of $296,433,000 by September 30, 2025, in installments [1] - AGL has proposed to either extend the payment deadline to December 31, 2026, or return the unused graphite ore [1] Group 2: Company Response - The company has issued a default notice to AGL, indicating that it will take all legal measures to protect its and its shareholders' interests [1] - After considering the associated risks, the company has decided to reject AGL's proposals for deferred payment or the return of unused graphite ore [1] - The company has notified AGL that all collateral held in the company's name is now owned by the company [1]

Core Viewpoint - The event in Hegang City marks the recognition of Luobei County as "China's Graphite City," highlighting the strategic importance of graphite in emerging industries and China's transition from a mining power to a mining stronghold [1][3]. Group 1: Industry Significance - Graphite is identified as a critical raw material for strategic emerging industries such as new energy, new materials, electronic information, aerospace, and national defense [3]. - Luobei County is a significant area for graphite resources in China, possessing the world's largest single crystalline graphite mine, the Yunshan Graphite Mine, known as "Asia's No. 1 Mine" [3]. Group 2: Market Demand - The demand for graphite has rapidly increased due to the growth of high-tech industries, including electric vehicles, energy storage, and electronic information, driven by the global industrial structure upgrade [3]. Group 3: Strategic Developments - The event included the signing of an agreement to establish a "Joint Technology R&D and Demonstration Center" between the National Key Laboratory of Geological Processes and Mineralization Prediction and the China Minmetals Corporation, focusing on the efficient development of strategic rare metal minerals [3].