ZANGGE MINING(SZ:000408)2025-04-01 11:29Group 1: Company Operations and Financial Performance - The company is actively working on the renewal of the mining license for the Chaqi Salt Lake, with key reports already approved and the process progressing smoothly [2] - The average cost of potash fertilizer has remained stable over the past three years, despite a year-on-year increase in 2024 due to investments in green mining [2] - The company maintains a positive outlook on the supply-demand dynamics of lithium salts, driven by trends in electric vehicles and energy storage [2] Group 2: Sales and Pricing Strategies - The sales strategy for lithium carbonate focuses on full production and sales, adjusting the sales pace based on market conditions and price forecasts [3] - Potash prices are influenced by national supply policies, with current auction prices ranging from CNY 2800 to CNY 2900 per ton [2] Group 3: Project Development and Future Plans - The Ma Mi Cuo project is in the process of obtaining mining permits, with groundwork already laid for construction to begin once approvals are secured [3] - The second phase of the Jilong Copper Mine is expected to be completed by the end of 2025, with an annual ore processing capacity exceeding 100 million tons and copper production of 300,000 to 350,000 tons [4] - Future phases of the Jilong Copper Mine could potentially increase production capacity to 600,000 tons of copper annually, making it the largest copper mine globally [4] Group 4: Financial Adjustments and Asset Management - A CNY 40 million asset impairment in Q4 2024 was due to production adjustments and the temporary shutdown of certain potash production units, which is not expected to recur [6]