藏格矿业(000408) - 藏格矿业调研活动信息

Group 1: Project Progress and Production Capacity - The Mali Miao project is divided into two parts: obtaining permits and preparing for the construction of the initial 50,000 tons project. The environmental assessment was approved on July 24, 2023, and the project is expected to be completed by the end of next year [3][4]. - The Mali Miao project has a total design capacity of 60,000 tons, with each production line capable of producing 10,000 tons. The company aims to ensure the project is operational by the end of next year [3][4]. - The company produced 8,222 tons of lithium carbonate in the first three quarters of this year and expects to produce 3,800 tons in the fourth quarter, achieving a total annual target of 12,000 tons [4][6]. Group 2: Cost and Technical Aspects - The estimated production cost of lithium carbonate from the Mali Miao project is around 31,000 CNY per ton under full production, with a maximum cost of approximately 35,000 CNY per ton [3][4]. - The Mali Miao salt lake is located at an altitude of over 4,300 meters, with average annual temperatures ranging from -6 to 8 degrees Celsius, which affects production efficiency [4][5]. - The company has upgraded its adsorbents to version 3.0, which improves adsorption efficiency and stability for lithium production [5][6]. Group 3: Market and Future Outlook - The company anticipates a 1,500-ton increase in lithium carbonate production from 10,500 tons last year to 12,000 tons this year, maintaining a positive outlook on lithium prices due to balanced supply and demand [6]. - The company is exploring the acquisition of Guoneng Mining and plans to engage in its production operations post-acquisition [6]. - The estimated investment for the Laos project, which has a resource capacity of 5 billion tons of potassium chloride, is projected to be between 4 to 5 billion CNY for a production capacity of 1 million tons [5][6].