JIANGTE MOTOR(002176)2024-11-13 11:26Lithium Resources and Production - The company has two lithium mica production lines and two spodumene/lithium mica mixed production lines, with a total designed capacity of 45,000 tons/year [1] - The Xikeng lithium mine has a mining area of 1.3826 square kilometers, with ore resources of 72.93 million tons at an average Li2O grade of 0.39%, and 126.67 million tons at an average Li2O grade of 0.39%, making it a large lithium mine [1] - The company currently has two beneficiation plants and stable cooperation with social beneficiation plants, and can meet future demand through cooperation with other social beneficiation plants if necessary [2] - After the Xikeng mine is put into production, the permitted production scale will be 3 million tons/year, which will greatly increase the company's self-sufficiency rate of lithium ore, further reduce production costs, and improve product profit margins [2] - The company currently has 4 mining rights and 5 exploration rights in the Yichun area, with a total lithium resource of over 100 million tons in the explored mining areas [2] Lithium Market and Demand - Recent downstream demand for lithium carbonate is strong, and the company has sufficient inventory to benefit from it [1] - The company adjusts the subsequent production of the Xikeng project according to the market price of lithium carbonate [2] - The company's externally purchased spodumene mainly comes from Australia, North America, and South America, and the purchase price fluctuates with the market price of lithium carbonate [2] Lithium By-products and Other Operations - The company's lithium slag is mainly supplied to cement plants and other customers, and can also enter the government's consumption market [2] - The motor industry is the company's basic business, with relatively stable profits [3]