TMD(SZ:000762)2025-08-07 12:26Group 1: Project Development - The reason for the delay in the formal production of the Zabuye Phase II project is due to its unique "one lake, one process" characteristic, which is affected by multiple objective conditions in a high-altitude area [1] - The energy supply for Zabuye Phase II will utilize a photovoltaic and thermal technology solution, constructed by China Baowu Clean Energy Tibet Company [1] - The difference between Zabuye Phase I and II includes that Phase I produces lithium concentrate using solar gradient salt drying, while Phase II aims for comprehensive resource utilization, employing "membrane separation + evaporation crystallization" to efficiently recover lithium, potassium, and other resources [2] Group 2: Environmental and Policy Context - The environmental policies in Tibet maintain continuity and stability, emphasizing ecological priority and requiring mining companies to increase investment in development, prohibiting practices of holding mining rights without exploration or extraction [1] - The company benefits from special policy support from the central government for the Tibet region, including financing channels, tax incentives, and other supportive measures, which enhance operational conditions and market competitiveness [2] Group 3: Sales and Market Strategy - The company's main products are sold to downstream customers, with sales prices determined by a pricing committee based on published prices from Shanghai Nonferrous Metals Network and Ferroalloy Online [1] - Baowu Group's positioning for Tibet Mining focuses on lithium and chromium ore development, aiming to enhance management levels and steadily improve performance [2]