2022-11-21 15:42Group 1: Company Performance - The company's third-quarter performance showed significant growth compared to last year, driven by an increase in both volume and price of products [1] - The new annual production capacity of 50,000 tons of lithium hydroxide has been successfully released this year, contributing to a substantial increase in lithium salt product capacity [1] - The company has diversified its lithium resource portfolio through acquisitions in Argentina, Mexico, Mali, and Qinghai, ensuring raw material supply for capacity expansion [1] Group 2: Production Capacity - The company currently has a production capacity of 43,000 tons/year for lithium carbonate and 81,000 tons/year for lithium hydroxide, holding a significant share in both national and global markets [1] - The company is expanding its lithium battery production scale and recycling capabilities, enhancing its position in the downstream industry [1] Group 3: Acquisition Updates - The ongoing acquisition of Bacanora is in progress, pending approval from the Mexican government [2] - The company holds a direct 50% stake in Sonora and an indirect 14.44% stake through Bacanora, totaling 64.44% control over Sonora [2] - Some existing major shareholders have expressed acceptance and support for the acquisition [2] Group 4: Market Conditions - The overall industry remains in a supply-demand imbalance, with tight product supply despite recent fluctuations in inventory due to holiday breaks and power restrictions [2] - The decrease in Chile's exports in the third quarter is primarily attributed to global shipping resource shortages [2] Group 5: ESG Initiatives - The company has proactively engaged in ESG initiatives to meet the high requirements set by overseas clients such as Tesla and BMW [2] Group 6: Supply Sources - The company sources the majority of its lithium spodumene from its own Mt Marion project in Australia, providing over 400,000 tons of lithium concentrate annually [2] - The company’s self-supplied lithium resources account for a significant portion of its supply, with additional contributions from Pilbara [2]